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

Asia-Pacific accounts for almost 30% of land available on earth and 60% of human population. Population statistics in the region have been responsible for maintaining adequacy in agricultural practices, ensuing in greater utilization of agrochemical products in areas that were ignored in the past. Embracing the modern practices in the fields, usages of agrochemicals have seen tremendous growth particularly for pesticides and fertilizer consumption. Consumption of Pesticides in Asia-Pacific is slated to record the fastest growth rate on a global basis to reach a projected volume of 797.5 thousand tons by 2020.The Fertilizer market is growing at an average rate of 2.3% annually.. Globalization of agrochemical industry has a huge impact on the Asian markets. With the highest rate of population growth, increasing need of food production and economic growth, the market for agrochemicals get pushed ahead. While the demand for food products is increasing, the available land mass for agriculture is shrinking due to increased effect of urbanization that propels farmers to use various agrochemicals to maintain soil health and increase land productivity. However, the major draw backs here in the region are low awareness among farming community and their low acceptance level to the modern day farming practices in some countries. Integrated farming practices and the positive trend in developing nations would drive the future market demand. The Asian agrochemicals market is segmented in detail as per various types like pesticide, fertilizer, adjuvants and PGR. Fertilizer forms the largest segment here while pesticides show higher growth trend. In pesticides, herbicides alone account for 40% of market share. The market is further segmented application wise as crop based such as cereals, grains, oilseeds, and vegetables and non-crop based applications. . South East Asia is a prime area of growth for domestic and international companies in the region. The recovery of the economy and the stabilization of regional currencies are giving farmers an incentive to invest in these crop-protecting and growth- enhancing chemical. China, India, Japan represent the largest agrochemicals markets of the Asian continent. Currently China is leading the market with its developing agricultural sector along with the need of its ever growing population. Globally, China is only the largest producer but also the largest consumer of fertilizers. The Asian market is highly dominated by the foreign players. Bayer AG is the largest agrochemical producer in the world. Some of the big names include-Yara International ASA, BASF, Bayer Crop Science, Makhteshim Agan Industries Ltd, Dow Agro Sciences, Monsanto, Syngenta, Aventis, Agrium etc. Lallemand Inc. and ArystaLifeScience (Japan), Sinofert Holdings Limited (China) are some of the big local companies operating in the region. In this report we offer • Market analysis for the Asia Pacific 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 Asia Pacific 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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