Global Agrochemicals Market: Trends and Forecasts up to 2023
INFINIUM GLOBAL RESEARCH
Global Agrochemicals Market: Trends and Forecast -2023
INTRODUCTION REPORT DESCRIPTION Agrochemicals are specialty chemical products used particularly in agriculture, horticulture and floriculture. It includes broad range of pesticides, synthetic fertilizers, hormones and other chemical growth agents. Growth in demand for food grains owing to increasing global population coupled with reducing per capita farm land due to surging urbanization and industrialization is one of most dominant driver of global agrochemicals market. The increasing research and development (R&D) in the fields of bio-pesticides in order to compete with organic farming and integrated pest management (IPM) is one of the most recent trends in global agrochemicals market. As per the report the global Agrochemicals market was worth USD 208.13billion in 2014 and it reached USD 215.68billion in 2015. The global market is expected to grow at a CAGR of 2.5% over the forecast period of 2017 – 2023. This report estimates the market size of Agrochemicals in terms of value (USD Billion) and volume (MMT) over the period of 2015 to 2023. The year 2015 and 2016are considered to be base years, and 2017 to 2023 is considered to be a forecast period. The market sizes for Agrochemicals by type, By Crop type and by regions are estimated in terms of value and volume. This market research study provides detailed qualitative and quantitative analyses of the global Agrochemicals market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of Agrochemicals. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific, and, Rest of the World (RoW). The market size and forecasts are also given for these regions. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of Agrochemicals market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global Agrochemicals market that will impact the demand during the forecast period. The IGR- Growth 2
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Global Agrochemicals Market: Trends and Forecast -2023
Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. SEGMENTATION AND RESEARCH SCOPE
Types •
•
Fertilizers • Synthetic Fertilizers • Nitrogenous Fertilizers • Phosphatic Fertilizers • Potassic Fertilizers • Bio Fertilizers Pesticides • Herbicides • Insecticides • Fungicides • Others
Crop types
• • • •
Cereals & Grains Oilseeds & Pulses Fruits & Vegetables Others
Region
North America
Europe Asia Pacific RoW
The report segments the Global Agrochemicals Marketby type, crop type, and region. The types include fertilizers and pesticides. Similarly, the crop types include cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The fertilizers segment is further segmented to into Synthetic fertilizers (nitrogenous fertilizers, phosphatic fertilizers, and potassic fertilizers), and Bio fertilizers; while the pesticide segment covers sub-segments such as herbicides, insecticides, fungicides and others. The global Agrochemicals market is analyzed covering the regions such as North America, Europe, Asia- Pacific,and, Rest of the World (Covering South America, Africa and Middle East).
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Global Agrochemicals Market: Trends and Forecast -2023
RESEARCH METHODOLOGY Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Agrochemicals market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days.
RESEARCH METHODOLOGY: AN OUTLINE
Primary Research
Secondary research
• Primary sources of the information and data include • Industry Experts/ consultants • Top level executives in the key market players • Subject matter experts • Academicians and research scholars
• Secondary sources of the information and data include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases • Websites and publications by research agencies • Others
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Global Agrochemicals Market: Trends and Forecast -2023
Primary Research Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through 1. Key Opinion Leaders associated with Infinium Global Research 2. Internal and External subject matter experts 3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers Our primary research respondents typically include 1. Executives working with leading companies in the market under review 2. Product/brand/marketing managers 3. CXO level executives 4. Regional/zonal/ country managers 5. Vice President level executives. Secondary Research Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases such as WTO, OECD, Hoovers, Factiva, and Worldbank, among others. • Websites and publications by research agencies • USDA • FDA • Agriculture and Agri-Food Canada
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Global Agrochemicals Market: Trends and Forecast -2023
DATA COLLECTION MATR IX: RESEARCH METHODOLOGY: DATA COLLECTION MATRIX
Demand Side analysis
Global market size (Consumption)
Supply Side Analysis
Production +Import -Export
Data collection matrix explains the triangulation of the data collected to arrive at the market size of the global agrochemicals market. The supply side analysis considers the production and supply of agrochemicals. The supply side analysis also takes into consideration the suppliers of raw materials, the manufacturers and other stakeholders involved into supply of the agrochemicals. The demand side analysis considers the product areas of the Agrochemicals market. In this approach the various industry players are considered. The country-wise sales values provide the data of consumption of agrochemicals in the regional as well as global markets. Moreover, this approach helps analyze the future trends and the market size of the global as well as regional agrochemicals market. In order to arrive at the market size as well as to validate the data findings from supply and demand side analyses the import, export and production data are considered. The consumption in the global, regional as well as country markets is estimated using the following formula Consumption= (Production + Import) – Export
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Global Agrochemicals Market: Trends and Forecast -2023
RESEARCH APPROACHES The study on global Agrochemicals market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD Billion and volume in million metric tons (MMT). The research also covers the analysis of the various segments in the global Agrochemicals market. The estimates in the global Agrochemicals market are based on both bottom-up and top-down approaches. RESEARCH APPROACHES- BOTTOM UP • Accumulation of the country level market size (sales value) • Regional market size of agrochemicals and its crop types
• •
Segment revenue of the key players Country level market size by type of agrochemicals and crop types (sales value and volume)
•
Identifying key players in the agrochemicals market
•
Accumulation of the regional/country market size (sales value and volume) Global market size of product types and crop types
•
In the bottom-up approach the revenues of the key players are determined and added to arrive at the country or regional market size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of agrochemicals market. Get 15% Discount on this Premium Report: https://www.infiniumglobalresearch.com/reports/request-discount/704 7
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Global Agrochemicals Market: Trends and Forecast -2023
RESEARCH APPROACHES- TOP-DOWN
• Global market size of agrochemicals market Global market
Market Segments
• % breakdown by market segments by types of agrochemicals and crop types for applications of agrochemicals
Top- Down Approach Determine the regional market size
Country Level market sizing
• Regional market size of the agrochemicals market (sales value and volume) • Regional market size of product types and crop types in terms of value and volume
• Country level market size of the agrochemicals market in every region (sales value) • Country level market size of product types and crop types in every region
In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia Pacific,and RoW. IGR- RESEARCH METHOD AND DATA TRIANGULATION SECONDARY SOURCES.
PRIMARY SOURCES
• Industry Publications
SUPPLY SIDE
• Data sources • Others
Infinium’s Data bank/Know how
• USDA • Agriculture and Agri-Food Canada • Others
• Annual Reports • Presentations • Company Websites
• Press Releases • News Articles • Journals
Primary Research
Secondary Research
• Paid Databases
Company Publications .
• C-level executives in the leading manufacturing companies of agrochemicals • Product managers • Sales managers • Industry consultants • Distributors/Suppliers
• Industry news ‘
General. Publications
DEMAND SIDE
• Government Agencies’ Publications
• Top executives of end-use industries such as bio pesticides, fertilizers among others • Intermediaries
Triple Point Verification Model
The market size of agrochemicals is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the agrochemicals market. The primary interview 8
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Global Agrochemicals Market: Trends and Forecast -2023
participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the agrochemicals market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the agrochemicals market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of agrochemicals. With the help of primary interviews and secondary research the market size of agrochemicals is determined for each country studied, which then is added to arrive at the regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of agrochemicals in the world market. EXECUTIVESUMMARY GLOBAL AGROCHEMICALSMARKET HIGHLIGHTS, (USD BILLION) The global agrochemicals market was worth USD 215.68billion in 2015 and it is projected to reach USD 10.5billion in 2023, expanding at a CAGR of 2.5% between 2017 and 2023. The global agrochemicals market is driven by the factors such as growing demand for food grains due to growing population, high efficiency of agrochemicals in increasing the yield, growing greenhouse vegetable production, and limited arable land. However, stringent regulations pertaining to use of chemicals in developed countries, lack of education about use of agrochemicals and environment concerns pertaining to use of synthetic agrochemicals are the restraining factors that are expected to affect the growth in this market over the forecast period. Asia-Pacific dominates the world agrochemicals market in terms of dollar share, and in terms of growth rate as it is anticipated to grow at the highest CAGR over the forecast period. The growth in the Asia-Pacific region is primarily driven by growing investment by large players in economies such as India, and China. Moreover, significant demand from Australia and Japan has been crucial in influencing the consumption of agrochemicals across the region over the past few years.
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Global Agrochemicals Market: Trends and Forecast -2023
Asia-Pacificis the largest revenue generating region and it is mainly driven by large scale production and consumption of Agrochemicals materials in its prime markets such as the India and China. Some of the key players in the global Agrochemicals market are The DOW Chemicals Company, Yara International ASA, Monsanto Company, BASF SE, E. I. Du Pont De Nemours and Company, Israel Chemicals Limited, and SociedadQuímica Y Minera S.A. among others. GLOBAL AGROCHEMICALSMARKET PROJECTION, 2015 – 2023 (USD BILLION) Agrochemicals market is expected to experience steady growth globally. The global market for agrochemicals is expected to grow at a CAGR 2.5 % over the period of 2017 to 2023, significant growth in demand for food grains and growing investments by large players in the world market are expected to impact the growth rate over the forecast period.
GLOBAL AGROCHEMICALSMARKET CAGR GROWTH BY REGIONS
x.x %
x.x
%
x.x
%
North America Europe
Asia
Emerging markets of Asia-Pacific, Middle East and Latin America regions are expected to drive the growth in the world market. The Asia-Pacific region is expected to grow at a CAGR of x.x% over the forecast period.
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Global Agrochemicals Market: Trends and Forecast -2023
MARKET OVERVIEW AND COMPETITIVENESS DRO ANALYSIS DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global Agrochemicals market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the Agrochemicals market. Drivers refer to the factors that are expected to drive or boost the market size or demand for Agrochemicals. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of Agrochemicals market both in short run and long run. DRIVERS, RESTRAINTS AND OPPORTUNITIES IN GLOBAL AGROCHEMICALSMARKET
D
• • • •
R
• Stringent regulations pertaining to use of chemicals in developed countries • Lack of education about use of agrochemicals • Environment concerns pertaining to use of synthetic agrochemicals
O
• Growing demand for bio based fertilizers • Growing population
Drivers
Restraints
growing demand for food grains due to growing population High efficiency of agrochemicals in increasing the yield Growing greenhouse vegetable production Limited arable land
Opportunities
IGR- GROWTH MATRIX ANALYSIS Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps 11
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Global Agrochemicals Market: Trends and Forecast -2023
identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Function segment based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers Risky Zone: Low market size and low growth rate. Investment in this segment is risky Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments. Opportunity Zone: High growth low market size Safe Zone: Moderate growth and moderate market size.
Browse Detailed Description, TOC and Key Players Mentioned in this Report @ https://www.infiniumglobalresearch.com/chemical-material/globalagrochemicals-market
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Global Agrochemicals Market: Trends and Forecast -2023
IGR- GROWTH MATRIX ANALYSIS Growth Rate
Consolidation zone
Opportunity zone High
Low Risky zone
Retention zone Market Size High
Low
North America
Europe
Asia-Pacific
RoW
COMPANY PROFILES OVERVIEW E. I. DU PONT DE NEMOURS AND COMPANY E. I. du Pont de Nemours (aka DuPont) is atop US chemical maker the company consists of 10 businesses that are divided into six segments, each of which serves a diverse set of markets. The Company's subsidiaries and affiliates conduct manufacturing, seed production or selling activities and some are distributors of products manufactured by the Company. The Company operates through six segments: Agriculture, Electronics & Communications (E&C), Industrial Biosciences, Nutrition & Health, Performance Materials and Protection Solutions. DuPont operates worldwide with most of its sales coming from outside of the US. In late 2015 Dupont agreed to merge with Dow to create a group valued at $130 billion.
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Global Agrochemicals Market: Trends and Forecast -2023
CONTACT INFO E. I. DU PONT DE NEMOURS Contact details Address: Chestnut Run Plaza 974 Centre Road PO Box 2915 Wilmington, DE 19805 Phone: 302-774-1000 www.dupont.com
Key Features No. of Employees: 52,000 (2015) Scope of operation: 6 Divisions and operations in 90 countries
FINANCIAL INFO Geographic Segment Revenue
Revenue Comparison 29.00
28.41 2.9%
28.00
4.0% 2.0% 0.0%
27.00 26.00 25.00
11%
-2.0%
-2.1%
-4.0%
25.13
42%
24%
-6.0%
24.59
-8.0%
24.00
-10.0% 23.00
-11.5%
23%
-12.0%
22.00
-14.0% 2016
2015 Revenue ($ Bn)
2014 YoY
Key Highlights • •
Largest Segment: Agriculture Largest Region: North America
•
Revenue: In 2016, 24.59 Bn
US & Canada
EMEA
Asia-Pacific
Latin America
Revenue by Business Segment Agriculture
12%
Electronics & Communications
39%
22%
Industrial Bioscience Nutrition & Health
13%
6% 8%
Performance Material Protection Solutions
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Global Agrochemicals Market: Trends and Forecast -2023
SWOT ANALYSIS STRENGTHS Market leader in World Chemical Market
WEAKNESS High restriction on environment liabilities
High R&D Investments Diversified products Strong environment protection program
OPPORTUNITIES Photovoltaic sector demand and increase in uses Strategic acquisitions of smaller companies Releasing More eco-friendly and energy efficient products
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S
W
O
T
THREATS Economic meltdown Stringent Government rules and regulations regarding the quality of products, manufacturing facilities-outputs and wastes.
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