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World Agrochemical and Pesticide Market to Grow 8.7% annually from 2014 to 2018 according to Global Research & Data Services
Published at 2014-01-09 14:41:41
 

Global demand for pesticides and agrochemicals is forecast to expand 8.7% p.a. between 2014 – 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%).

 

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

 



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Here  you can find more information Agrochemical and Pesticide Market in Germany to 2018 - Market Size, Trends, and Forecasts


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