Target Audience of Agrochemicals Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
Agrochemicals Market Report provides key statistics on the market status of the Agrochemicals Key-players/Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Industry
China is one of the world’s largest pesticide producers and users, its pesticide industry has a real dependency on exports. In the domestic market, Chinese agrochemical companies tend to replicate existing foreign products after patent expiry; this has led to a shortage of high quality R&D products as most Chinese agrochemical companies have a low R&D capability in relation to their international counterparts.
China Agrochemicals Market Dynamics
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 the need for food production and economic growth, the market for agrochemicals gets pushed ahead. Land scarcity due to urbanization, soil degradation, water scarcity etc. makes it all the 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 drawbacks for the growth of the industry.
China is the Largest Consumer of Chemical Fertilizer and Pesticide in the World
China is currently the largest consumer of chemical fertilizer and pesticide in the world. Recently, the average amount of nitrogen fertilizer applied on food crops in China was estimated at 190 kg/ha. However China is seeking to reduce the use of chemical fertilizer and pesticide because it has contaminated large bands of its arable land and threatened its ability to keep up with the domestic food demand.
China’s R&D Investment in the Agrochemical Market
The R&D development is a crucial factor for China to meet the strict quality and safety requirements for food. It also supports a better reputation of Chinese manufacturers to ensure the acceptance in export markets. Both, the Chinese government as well as the domestic manufacturers are fully aware of the importance of innovative pesticide development and have increased their investment in the R&D segment significantly.
Major Key Players: BAYERS CROP SCIENCE, BASF, POTASH – AGRIUM, THE MOSAIC COMPANY, YARA INTERNATIONAL, ADM, CARGILL, MONSANTO COMPANY, ADAMA, NUFARM Ltd., SUMITOMO CHEMICALS, ISRAEL CHEMICALS Ltd., SYNGENTA AG, K+S AG, URALKALI, HAIFA GROUP, SINOCHEM
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Major companies covered in this Report:
- Bayer Crop Science
- potash – Agrium
- The Mosaic Company
- Yara International
- Archer-Daniels-Midland (ADM)
- Monsanto Company
- E.I. Du Pont De Nemours & Company
- Nufarm Ltd.
- Sumitomo Chemical
- Dow Agrosciences Llc.
- Israel Chemicals Ltd.
- Syngenta AG.
- K+S AG
- Haifa Group
- Sociedad Quimica Y Minera De Chile Sa
- Emery Oleochemicals LLC
- Sinofert Holdings Limited (China)
- Yunnan Yuntianhua
- Hubei Yihua
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This Agrochemicals market report offers an overview of the market trends, drivers, and barriers with respect to the market. A detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on Agrochemicals market.