Report Highlights
- Overall sales in the global agrochemicals market by product were nearly $105.6 billion in 2008 which increased further to $119.6 billion in 2009. By 2014, it is projected to increase to $196 billion, for a 5-year compound annual growth rate (CAGR) of 10.4%.
- The fertilizers market was nearly $59 billion in 2008; this further increased to $68.4 billion in 2009, this projected to reach $117.8 billion in 2014, for a 5-year CAGR of 11.5%.
- Sales in the pesticides market amounted to $46.7 billion in 2008 which increased to $51.2 billion in 2009. This is projected to increase to $78.3 billion in 2014, for a 5-year CAGR of 8.9%.
INTRODUCTION
- To define the global agrochemicals market and other aligned markets.
- To measure the global agrochemicals market and its various subsegments, with respect to fertilizers and pesticides.
- To analyze intensively the market structure with respect to drivers, inhibitors, and challenges influencing market growth.
- To analyze the agrochemicals market in terms of its benefits and characteristics.
- To identify the trends, gaps, and opportunities in each of the micro-markets.
- To analyze and forecast market segment revenues with respect to geographic regions such as the U.S., Europe, Asia, North America (includes Canada and Mexico), Latin America, and the rest of the world (ROW).
- To strategically profile and analyze the market players and their core competencies in the field of agrochemicals for each of its respective market segments.
- To analyze opportunities in the market for stakeholders.
- To track and analyze recent developments, alliances, joint ventures, mergers, and acquisitions of industry market players.
- Fertilizers: Nitrogenous, phosphatic, potassic.
- Pesticide: Organochlorine, organophosphates, pyrethroids, neonicotinoids, biological insecticides, and others.
- Nutrients: Micronutrients, macronutrients
- Protection against unwanted herbs, fungus and bacteria, insects, and parasites.
- Fertilizer characteristics: Complete inorganic fertilizers, special purpose fertilizers, liquid fertilizers, slow-release fertilizers, fertilizers with insecticides, multi-nutrient fertilizers, compound fertilizers, complex fertilizers, blended fertilizers.
- Pesticides characteristics: Insecticide, herbicides, fungicides.
- Agricultural chemicals manufacturers
- Petrochemical/raw material suppliers
- Research labs
- Large farming companies/groups
- Government/non-governmental organizations
- We divided the market into two major segments: pesticides and fertilizers.
- We estimated the independent market sizes for both the market segments by taking a bottom-up approach.
- Identification of key players in the global agrochemicals market (fertilizers and pesticides) through secondary research
- Identified their revenues and market share with regard to fertilizer/pesticide/agrochemicals market by primary and secondary research
- This included analyzing annual reports, which include the chairman’s message, segment analysis, management discussion analysis, annual revenues, etc.
- Secondary research involved using Google, Factiva, High Beam, Hoovers, etc.
- Analyzing press releases and articles on and about the major players in the respective segments
- Interviewing key industry people such as CEOs/Vice presidents in their respective verticals
- After estimating the market shares and revenues of key industry players, which hold a major chunk (70% to 80%) of the market, we calculated the total agrochemicals market size.
- We also looked at price variations and consumption trends to calculate the market size.
- Wherever the consumption trends were not directly available through secondary/primary research, we assumed the percentage contribution of that particular chemical by referring to its usage and the number of products registered with that chemical as an ingredient. We later verified it through primary sources.
- By analyzing market trends and based upon our assumptions, we forecast the agrochemicals (fertilizer and pesticide) market size.
- After that, we calculated the market sizes of micro-markets by analyzing the trends, most demanding/highest selling products, interviewing industry insiders.
- For banned products, we verified the chemical ban through primary and secondary research and considered the market sizes only in their areas of use.
- Later, based upon assumptions and analyzing the geographic split of top players, we estimated geographic market sizes. In addition, through secondary research and primary sources, we verified the overall geographic split.
- Finally, we verified all of these numbers by interviewing senior level executives of the fertilizer/pesticide producing companies.
- Global resin market
- Advanced composites for aerospace
- Advanced composites for sporting goods
- Nano-materials for sporting goods
- Global renewable chemicals
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The information developed in this report is intended to be as reliable as possible at the time of publication and of a professional nature. This information does not constitute managerial, legal, or accounting advice; nor should it serve as a corporate policy guide, laboratory manual, or an endorsement of any product, as much of the information is speculative in nature. The author assumes no responsibility for any loss or damage that might result from reliance on the reported information or its use.
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