Global demand for pesticides and agrochemicals is forecast to expand 8.7% p.a. between 2014 â€“ 2018. Azerbaijan, China, India, Turkey, and the United States are considered the highest potential markets in the coming years.
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global agrochemical and pesticide industry is forecast to reach 8.7% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 9.8%. Currently, herbicides, plant-growth regulators, and anti-sprouting products cover the largest part of the world market accounting for 41.5% of the demand while the remaining market share is divided between insecticides (27.1%), fungicides (21.5%), disinfectants (3.4%), and other agrochemicals and pesticides (6.5%).
China, France, Germany, India, and the United States represent the largest agrochemical and pesticide markets while the strongest annual growth is forecast to occur in Azerbaijan (18.2%), Egypt (15.6%), Macedonia (15.4%), Turkey (14.4%) and Moldova (13.8%).
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Agrochemical and pesticide market size compared to market growth in different countries
Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential agrochemical and pesticide markets in the coming years are:
Ranking Country Market Potential Rate
1. China 0.79
2. United States 0.38
3. India 0.20
4. Azerbaijan 0.18
5. Turkey 0.17
6. Egypt 0.16
7. Macedonia 0.15
8. Moldova 0.14
9. Ghana 0.14
10. Germany 0.12
11. Ukraine 0.12
12. France 0.11
13. Malaysia 0.11
14. Slovakia 0.11
15. Poland 0.11
16. Senegal 0.11
17. Philippines 0.10
18. Morocco 0.10
19. Italy 0.09
20. Estonia 0.09
The studies include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other industry professionals looking for key market insights in a readily accessible and clearly presented format.
Agrochemical and Pesticide Markets in the World to 2018 - Market Size, Trends, and Forecasts
Published Date : Jan-2014
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