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Africa Agrochemicals Market- By Type, Application and Geography-Market Shares, Forecasts And Trends (2015 – 2020)

Africa is one of the least developed markets in agrochemical industry and the market has huge potential. The region is estimated to grow at a CAGR of 2.4% during2015-2020. Africa is a vast continent in terms of land area; however, the availability of land for agricultural usage is veryless. The needto increase yield through the usage of agrochemicals has been driving the market demand. Further, with the economic improvement in some African countries, farmers have become more aware of the necessity of agrochemicals application in the land. Integrated farming practices if adopted would further develop opportunity for the sector. High cost of agrochemicals is not always affordable for poor farmers of Africa and is restricting the growth of the market. Government interventions will strengthen the industry. In most African countries, agriculture supports the survival and well-being of up to 70 percent of the population. Egypt and South Africa are the major agriculture producing countries. South Africa’s use of agrochemicals and fertilizers for agricultural requirements far outpaced that of any other country in Africa; however, there is still scope of improvement in terms of output per hectare of land available. Grains and cereal crops consume most of agrochemicals like fertilizers and pesticides in the region given the need of increasing the food production level for the regional consumption. The fragmented market of African fertilizer industry is dominated by lot of foreign players as these players try to get hold of this highly under developed market. Major companies operating here are Belaruskali, OCP, Agrium, CF Industries Holdings, Yara International, Bunge (BG), Potash Corporation of Saskatchewan, E.I. Du Pont De Nemours & Company etc. Other famous companies operating in the region are One Acre Fund and Sasol etc. In this report we offer • Market analysis for the Africa Agrochemicals Market, with region specific assessments and competition analysis on global and regional scales. • Market definition along with the identification of key drivers and restraints • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale • Extensively researched competitive landscape section with profiles of major companies along with their market shares • Identification and analysis of the macro and micro factors that affect the Africa Agrochemicals Market on both global and regional scales • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Published By: Mordor Intelligence
Published Date: Q1 2016

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