MarketsandMarkets: Global Agrochemicals Market to be US$ 223 Billion by 2015

DALLAS, October 18, 2010 - The 'Agrochemicals Market Global Forecast (2010 - 2015)' analyzes the
agrochemicals market by products and geography and studies the major market
drivers, restraints, and opportunities for the agrochemicals market in the
U.S., Europe, Americas (except U.S.), Asia and ROW.

Browse 108 market data tables and in-depth TOC on Agrochemicals market
global forecast (2010-2015): Global Forecast.

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Due to increasing population and decreasing land availability, the global
agrochemical market is expected to grow from $134 billion in 2010 to $223
billion in 2015, registering a high CAGR of 10.6% from 2010 to 2015. Market
growth is also driven by the use of agrochemicals in the production of
biofuels, which are rapidly gaining in importance over traditional
petroleum-based fuel. Programs such as Integrated Nutrient Management (INM)
and Integrated Pest Management (IPM) are now in place to minimize risks from
agrochemicals related to health, economy, and environment.

Fertilizers offer nutrients that are essential for proper crop growth, as
these fulfill the nutritional deficiencies of the soil, providing crops with
nutrients that aren't naturally available in appropriate amounts. Nitrogenous
fertilizers command a large market share of more than 46%, but have a
comparatively low growth rate. Phosphatic fertilizers have a lower market
share but a higher growth rate due to the increase in production by major
players. Organophosphate pesticides are expected to have high market share
and growth potential. This is mainly because of the wide range of chemicals
under this class, including glyphosate, diazinon, and chlorpyrifos.

Scope of the report

This research report categorizes the global agrochemicals market on the
basis of products in to the following submarkets:

    - Global Fertilizers Market: Nitrogenous, Phosphatic, and
      Potassic
    - Global Pesticides Market: Organochlorines, Organophosphates,
      Pyrethroids, Neonicotinoids, Biopesticides and others

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