"New food processing,
manufacturing, and packaging techniques have resulted in a flourishing F&B
sector leading to increase in demand for agricultural products such as food
grains, oilseeds, vegetables, and fruits, which, in turn, is driving the
agrochemicals market growth.
US agrochemical market revenue was driven
by growing demand for crop protection chemicals due to frequent outbreaks of
pest attacks on crops, which resulted in heavy losses during that season. Apart from that, the growing animal
husbandry sector has increased the demand for animal feed, further triggering
the demand for agrochemicals such as fertilizers and plant growth regulators. Low
availability of arable land has also triggered the demand for fertilizers
alongside growing demand for macronutrients, such as nitrogen, phosphorus, and
potassium, which has collectively boosted fertilizers market in the country.
Additionally, the US was among one of the countries with the highest
agricultural output in 2016 with corn being its major product.
Agrochemical manufacturers increased their
emphasis towards biotech plants / crops to increase the demand for their
particular product. Mechanization
of agricultural activities, lower fund borrowing rates and growing food
processing industry have also driven the country’s agriculture sector. Major
pesticide producers have either launched variety of genetically modified seeds,
or are in the process of developing a new variety of pesticides which are all
intended to be grown with the company’s own proprietary formulation. Biotechnology
firms have established their presence in the market based on new & unique
biological pesticides, particularly by forging alliances with established companies
/ firms.
Advances in crop varieties and seed
technology, including transgenic varieties, have also played a major role in
higher yields. For
instance, diffusion of biotechnology
and advancements in production techniques has positively contributed further
efficiencies.
Growth
in meat production, rising production of poultry and surge in demand for rice
had a significant impact on the agricultural productivity which in turn, led to
surge in demand for agrochemical products.
The
report titled “US
Agrochemical Market Outlook to 2025 – Increasing Usage of Integrated Pest Management
Activities and Bio Pesticides to Drive Market Growth” by Ken Research suggested that US
Agrochemical Market is
further expected to grow in future majorly due to entries of several foreign
players have also contributed towards the same coupled with increasing usage of
Bio pesticides in the US. The country’s agro-chemical market is expected to
register a positive six year CAGR of 2.3%, 1.6% and 0.4% in terms of revenue by
formulants, revenue by technicals and pesticide active ingredient demand respectively
during the forecast period 2019P-2025F.
Key Segments Covered:-
Product Type
Herbicides
Glyphosate
Atrazine
2,4-D
S-Metolachlor
Acetochlor
Dicamba
Others
Insecticides
Organophosphates
Carbamates
Pyrethroids
Neonicotinoids
Other
Fungicides
Chlorothalonil
Mancozeb
Other
Other Agricultural Pesticides:-
Fumigants
Defoliants
& Desiccants
Rodenticides
Nematicides
All
Others
Pesticide Form
Liquid
Granules
Powder
Market Structure
Organized
Market
Unorganized
Market
Crop Type
Cereal
Fruits
Vegetables
Others
Key Target Audience:-
Venture
Capitalist Firms
Agrochemical
Manufacturers
Raw
Material Suppliers
Research
& Development Institutes
Government
Bodies & Regulating Authorities
Herbicide
Manufacturers and Distributors
Insecticide
Manufacturers
Fungicides
Manufacturers
Time Period Captured
in the Report:-
Historical Period: 2013-2019P
Forecast Period: 2019P–2025F
Companies Covered:-
Bayer
Syngenta
BASF
Corteva
Agriscience
FMC
Corporation
Others
(ADAMA Agricultural Solutions, DOW Chemical, Du Pont, Monsanto, Nufarm and
Sumito Chemical)
For More Information on
the research report, refer to below link:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
No comments:
Post a Comment