Top 10 Manufacturers In Agrochemicals Industry
Agrochemicals include pesticides, fertilizers, soil conditioners, and other chemicals used for agricultural and non-agricultural activities as well. They have a major role in enhancing food & fiber production, besides land management. Pesticides including insecticides, herbicides, and others protect crops from possible diseases, weeds, and pests. Many agrochemicals are toxic may pose significant risks to health and environment and their use is therefore highly regulated across countries.
The agrochemicals market is anticipated to grow in the forecast period owing to an upsurge in demands for bio based agrochemicals coupled with growing food demands to feed the growing population. Shrinkage of agricultural land and increasing adoption of genetically modified crops for increased yield further propel market growth. However, the agrochemical market suffers from increased food safety & quality concerns among consumers. Burgeoning R&D costs and strict environmental and regulatory constraints restrict market growth. The market is likely to showcase opportunities for the untapped markets and growing awareness among people.
The global agrochemicals market
is segmented by type and application. Based on the type, the market is
segmented as pesticides, fertilizers, liming and acidifying agents, soil
conditioners, and others. On the basis of the application, the market is
segmented as agriculture, forestry operations, animal husbandry, gardens, and
others.
Top 10 Manufacturers
BASF SE
Bayer CropScience Limited
CF Industries Holdings, Inc.
E. I. du Pont de Nemours and
Company
ICL
Monsanto Company
Nutrien Ltd.
Syngenta
The Mosaic Company
Yara
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