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

Agrochemicals or agricultural chemicals are the chemicals profoundly used in the agricultural land to improve the overall productivity. This is achieved through improving the crop soil condition or protecting it from various pest and disease infestations. Agrochemicals widely involve fertilizers, pesticides, hormones and plant growth regulators (PGR) enabling plant and soil protection, improved yield, maintenance and improved growth process of plants. Fertilizers and pesticides form the major part of agrochemical consumption. While fertilizers include various macro nutrient and micronutrient based products, pesticides can be further divided into insecticide, herbicide and fungicide etc. Africa is one of the deprived regions in terms of agricultural growth that leads to greater scope for future growth. The South African agrochemicals market is estimated to grow at a CAGR of 4.5% during 2015-2020. South Africa is a vast country in terms land area; however, the availability of land for agricultural usages is very much constricted. So the need of improving the efficiency through the usage of agrochemicals has been driving the market demand. Further, with the economic improvement, farmers have become more aware of the necessity of agrochemicals application in the land. Integrated farming practices if adopted would further add opportunity for the sector. High cost of agrochemicals is not always affordable for poor farmers of Africa. Along with, there is a need to strengthen the government involvements in popularizing consumption of agrochemicals for better productivity of agricultural lands. In most African countries, agriculture supports the survival and well-being of up to 70 percent of the population. South Africa is one of the major agriculture producing countries in African continent.South Africa’s use of agrochemicals and fertilisers 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 South 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 here is One Acre Fund and Sasol etc. In this report we offer • Market analysis for the South 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 South 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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