According to the report “Global Agrochemicals Market ", published by Market Data Forecast, the global market is projected to reach USD 276.69 billion by 2021, at a CAGR of 3.40% from 2016 to 2021.

The agrochemicals market is estimated to be one of the most crucial segments of agro-inputs, owing to the intensifying commercial farming of high value crops to meet the growing diversified food demand.

Agrochemicals’ job is to defend crops, boost crop yields, and sustain the food and soil quality. Another vital role of agrochemicals is to alter the growth progression of the plants. Agrochemicals are therefore seen as those products, which boost the return on investment and also help in meeting farmer’s as well as customer demands, from the economical and health standpoint with growing per hectare production of quality agricultural crops.

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The growth of the Agrochemicals market is majorly driven by factors such as wide range of pest control applications of Agrochemicals and decreasing arable land. This market is also propelled by factors such as meticulous research & partaking of intellectual property rights and increasing R&D investments. However, it has been discovered that the continued use of agrochemicals has harmfully affected the health of users and also the environment. Furthermore, agrochemicals get amassed on the land surface and may even pollute ground water.

[b]The global agrochemicals market is segmented as follows:[/b]
1) [b]Based on Type:

• [b]Fertilizers [/b]
 Nitrogenous
 Phosphate
 Potassic Based Fertilizers
• [b]Pesticides [/b]
 Organophosphates
 Pyrethroids
 Biopesticides
 Other Pesticides
• [b]Plant Growth Regulators[/b]
 Auxins
 Cytokinins
 Others
• [b]Adjuvants[/b]
 Activator Adjuvants
 Utility Adjuvants

[b]2) Based on Application:[/b]

• [b]Crop Based [/b]
 Oil seeds
 Fruits & Vegetables
 Grains & Cereals
• [b]Non Crop Based [/b]
 Turf & Ornamental Grass
 Others

[b]3) Geographical Segmentation:[/b]
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

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The market for agrochemicals is extremely consolidated and streamlined owing to the domination of the market by a handful of companies. Some of the major companies dominating this market are Bayer A.G., E.I. Du Pont De Nemours & Company, Agrium Inc., Dow Agrosciences LLC., Monsanto Company, and Mosaic Company.

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[b]About us[/b]
Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients. Our research services contribute to key business areas like business process improvement, key decision making and developing appropriate corporate strategy. We are truly committed to our clients and other stakeholders for providing customized research services of the highest quality all the while being an organisation that’s trusted for its integrity, respected for its accountability, and admired for its excellence, by both clients and competitors alike.

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