In this Agrochemical Market Research Report we largely focus on the growing markets for the Agrochemicals. The market for Agrochemicals has been displaying solid improvement in the recent years. With a growing focus on agricultural worldwide especially in Brazil and Asian-Pacific countries also with the growing usage of pesticides and fertilizers in India and China, the Agrochemical market is expected to grow from $203.567 million in 2013 to $242.757 million by 2018 with an impressive CAGR of 3.6% till 2018.
Agrochemical market is majorly driven by China, India, France, Germany and the U.S. With the growing demand in these countries, the global agrochemical and pesticide market is expected to reach 8.7% annually. Moving ahead, world’s GDP is also expected to gain its lost momentum in 2015 and is expected to increase by 3.5% and 3.8% in 2015 and 2016 respectively. This expected ramp up is likely to deliver robust growth in the fertilizer market as well.
In our Agro chemical Industry Trend analysis, we also focus on the global fertilizer demand as well which is the main driver of the overall of Agrochemicals market. However, the medium term outlook for agriculture looks dicey but in the long term a solid growth in the agriculture is likely to ramp up the global fertilizer demand to 200 Mt till 2019-2020. There are some key growth drivers such as growing population, declining availability of arable land and use of agrochemicals in the production of bio-fuel the further supports the latest Agrochemical industry trends. The fertilizer market is also dependent on the agricultural yield and as agriculture segment is expected to see an upside, global fertilizer demand is expected to grow by 3% in long term.