Lucintel Anticipates the Agrochemicals Industry to Grow at a CAGR of 3.2% Over the Next Five Years
The increasing demand for food and growing awareness associated with the benefits of fertilizers and pesticides in crop production are the major driving forces of the industry. The use of the latest technologies to increase farm production and increasing government investments in agriculture to increase crop yields provide huge opportunities to this market. The fertilizers segment will remain the largest segment in the agrochemicals industry during the forecast period.
USA, April 27, 2016 (Newswire.com) - The increasing demand for food and growing awareness associated with the benefits of fertilizers and pesticides in crop production are the major driving forces of the industry. The use of the latest technologies to increase farm production and increasing government investments in agriculture to increase crop yields provide huge opportunities to this market. The fertilizers segment will remain the largest segment in the agrochemicals industry during the forecast period.
The global agrochemicals industry is expected to reach $261.9 billion by 2019. The Asia Pacific region is expected to be the largest region in the global agrochemicals industry by 2019. Some of the major suppliers of agrochemicals include Yara International, Mosaic Company, Syngenta, Bayer AG, and Agrium Inc.
Lucintel, a leading global management consulting and market research firm, has analyzed the global agrochemicals industry by product types and regions and has come up with a comprehensive research report, “Global Agrochemicals Industry 2014-2019: Trends, Profit, and Forecast Analysis.” This report provides an analysis of the global agrochemicals industry, including the industry trends, cost structures, growth opportunities, key drivers, and emerging trends of the industry. The study also includes global agrochemicals industry forecasts through 2019, segmented by regions and product types as follows:
The agrochemicals industry segmented by regions:
· North America
· Europe
· Asia Pacific
· Rest of World
The agrochemicals industry segmented by product types:
· Fertilizer
· Pesticides
This 140-pages research report will enable you to make confident business decisions in the agrochemicals industry. For a detailed table of contents and pricing information on this timely, insightful report, click on this Link http://www.lucintel.com/reports/chemical_composites/global_agrochemicals_industry_2014-2019_trend_profit_and_forecast_analysis_june_2014.aspx or contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Business Diagnostic and Implementation, Industry / Market Analysis and Business Plan. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat in its website to answer your questions in real time.
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Source: http://www.lucintel.com/agrochemicals_markets_2019.aspx