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

The agrochemicals market in China is estimated to grow at a CAGR of 7.2% during 2015-2020. China is the world\'s most populous country, thus ensuring food supply is the most important challenge for the agriculture industry. With the highest rate of population growth, increasing need of food production and economic growth, the market for agrochemicals get pushed ahead. Land scarcity due to urbanization, soil degradation, water scarcity etc. makes it more essential for the farmers to use agrochemicals to sustain. Low awareness among farming community and their low acceptance level to the modern day farming practices provide major drawback for growth of the industry. The Chinese 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. China represents 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. 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 Arysta LifeScience (Japan), Sinofert Holdings Limited (China) are some of the big local companies operating in the region. Going forwards, China would attempt to increase its global market presence by foraying into newer areas by introducing domestic brands, with a specific emphasis on the US market. In this report we offer • Market analysis for the China 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 China 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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