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

With its high agricultural base and dependency, Asia pacific forms the most important market for fertilizer consumption around the world. The Australian fertilizer market is estimated to grow at a rate of 3.5% from 2015-2020. 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. In terms of spending per unit of arable land, Australia is near the bottom of the major global economies list. So land productivity requirement while maintaining the soil health are the essential drivers for Australian agrochemicals industry. Low per capita use and shrinking farm land are the major factors hindering the future growth. Export potential and integrated farming practices would drive the future market demand. Pesticides market is currently lead by herbicides products followed by fungicides and insecticides. The market is further segmented application wise as crop based such as cereals, grains, oilseeds, and vegetables and non-crop based applications. Nufarm Ltd. and Bayer Crop Science Pty Ltd are the dominant industry players in Australia. Some of the big names include-Yara International ASA, BASF, Bayer Crop Science, MakhteshimAgan Industries Ltd, Dow Agro Sciences, Monsanto, Syngenta, Agrium etc. Megafert , Summit Fertilizers, Superfert, Ravensdown, Landmark are some of the famous Australia based agrochemicals companies. In this report we offer • Market analysis for the Australia 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 Australia 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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