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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Agrochemical Active Ingredients Market
Request Now !Agrochemical active ingredients are chemicals used to formulate common agrochemicals used in the agriculture industry. Agrochemical manufacturers produce these raw materials on their own or procure them from other ingredient manufacturers. The quality of an agrochemical depends upon the quality of active ingredients used to formulate the end product.
The major factors that drive the global agrochemical active ingredients market are high population growth and subsequent increase in demand for food, soil degradation, limited agricultural land, and increase in consumer awareness about the benefits of agrochemicals. In addition, decline in arable land and diversification in diets supplement the market growth. Asia-Pacific leads the market, in terms of both value and volume, due to growth in population and rise in demand for new & enhanced agricultural products. Introduction of special schemes to increase productivity in the region has led to surge in usage of agrochemicals. However, the market growth may be hampered by the potential side effects of using synthetic pesticides such as 2, 4-D and atrazine herbicide. Agrochemicals when used at higher concentration result in surface water pollution, adversely affecting the environment. Diversified demand for agrochemicals in emerging countries and technology-driven agriculture in developed countries are expected to provide lucrative opportunities for market expansion.
The report segments the agrochemical active ingredients market on the basis of type, end product, and geography. Based on type, it is divided into acephate, Bacillus thuringiensis (Bt), bendiocarb, bifenthrin, azoxystrobin, boscalid, fludioxonil, 1-methylcyclopropene, benzyl adenine, calcium chloride, daminozide, and others. The end product segment is classified into insecticides, fungicides, herbicides, plant growth regulators, rodenticides, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players, such as Lonza Group, Croda International Plc, FMC Corporation, Sipcam, United Phosphorus Limited, Nufarm Limited, ADAMA Agricultural Solutions Limited, PotashCorp, Israel Chemicals Ltd., and K+S AG, are also provided in the report.
Key Benefits
Key Market Segments & Key Market Players
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By BY END PRODUCT |
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