Market dynamics in the agriculture sector exert a direct impact on demand and supply of agrochemicals. The market is subject to changes in crop prices, weather conditions, new product developments, agricultural policies and the status of subsidies. Spurred by a mix of several factors, the market for fertilizers and crop protection chemicals is projected to reach 220 million tons by 2012.
San Jose, California (PRWEB), November 12, 2008 -- The agriculture chemicals industry is affected by a host of factors such as economic and regulatory issues, climatic conditions, increasing population, oil and gas prices, transportation and energy costs, use of genetically modified (GM) technology, introduction of generic products, development of chiral agrochemicals, R&D, and widespread use in non-agriculture sector. On the agriculture front, developing nations such as China, India, Mexico, and to some extent Middle Eastern countries are proving highly competitive by enhancing productivity.
As stated by the recent report published by Global Industry Analysts, Inc., Asia-Pacific is the largest and the fastest growing market for agrochemicals. Demand for agrochemicals in Asia-Pacific region is projected to reach 120 million tons by 2012, reflecting a CAGR of 4%, over the analysis period 2008-2012. Europe, North America and Asia collectively account for more than 75 percent of the agrochemicals market. Nitrogenous fertilizers retained their dominance as the largest product category, with global consumption estimated at 113 million tons in 2008, followed by phosphatic and potash fertilizers. The global market for herbicides is expected to reach 2.6 million tons by 2012.
The agrochemical industry is experiencing a consolidation wave with company mergers and takeovers leading to larger corporate interests and links. Major agrochemical companies are engaged in a cutthroat battle to maintain market shares. The high cost of investment to identify new chemicals and pursue genetically engineered crops continues to drive the industry, along with the extensive and often complex strategies to market products globally.
Major market participants profiled in the report include Agrium Inc., AMVAC Chemical Corporation, Arysta LifeSciences Corporation, BASF AG Agricultural Products Division, Bayer Crop Science AG, Bunge, CF Industries Inc., Charoen Pokphand Group, Dow Agrosciences LLC, DSM Agro B.V., DuPont Crop Protection, FMC Agricultural Products Group, GPN S.A., GrowHow UK Limited, Hektas Ticaret T.A.S., ICL Fertilizers, Indian Farmers Fertilizer Co-operative Limited, Isagro, S.p.A., ISOCHEM S.A., JSC Acron, and Koch Industries Inc., among others.
The report titled "Agrochemicals: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, market drivers, recent developments, mergers, acquisitions, and other strategic industry activities. Market analytics are presented in volume terms for major geographic markets including the US, Canada, Japan, France, Germany, the UK, Italy, Spain, Russia, Asia-Pacific, Latin America and the Middle East/Africa. Product groups/segments analyzed include Fertilizers (Nitrogenous, Phosphate and Potash) and Pesticides (Insecticides, Herbicides, Fungicides and Others). The report analyzes current and future projections over the period 2001-2015, and presents historic data for an insight into the industry's past performance (1991-2000).
For more details about this research report, please visit http://www.strategyr.com/Agrochemicals_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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