Agrochemicals and Fertilizers
Overview of the water soluble fertilizers market
Extensive research carried out by the analysts at Technavio has shown that the water-soluble fertilizers market will witness steady growth at a CAGR of more than 5% over the forecast period. The rise in urbanization, population growth, industrialization, and energy demand has augmented the conversion of cropland to other industrial and domestic uses. According to the Food and Agriculture Organization (FAO) of the United Nations (UN), developing economies including India, and China requires an additional 120 million hectares of land to fulfill the food needs of their consumers by 2030. Moreover, arable lands are also getting wasted owing to deforestation and improper agricultural practices, which is leading to a significant loss of production yield. Water-soluble fertilizers help farmers maximize production in a sustainable manner and also accelerate the growth of crops and maintain the overall health of the plants, which will impel this market’s growth in the coming years.
Over the years, practices for soil fertility management have gained prominence mainly because of loss of arable land and an upsurge in the demand for food. Soil fertility management practices involve conservation tillage, rotation of the crop, and optimal utilization of fertilizers and pesticides. Farmers around the world are adopting soil management practices to improve the quality and quantity of agricultural production. These methods involve the use of chemicals and fertilizers for agricultural purposes. The increasing adoption of soil management practices for maintaining soil sustenance will drive this market’s growth during the forecast period
Overview of the global organic trace minerals for the animal feed market
Technavio’s market research analyst predict that the global organic trace minerals for the animal feed market will grow steadily and post a CAGR of nearly 8% by 2020. One of the major factors attributing to the growth of the market will be the growing use of organic trace minerals to sustain the livestock’s health. The use of organic trace materials like zinc, iron, copper, cobalt and others help maintain an adequate balance of minerals in the body of the animal and helps in their sustenance. Furthermore, organic trace minerals also assist in activating vital enzymes and hormones that are essential for many metabolic processes. Since the use of these minerals helps in skeletal development, strong immunity, optimum health, and reproductive performance of animals, its demand among the end users will increase substantially.
Market analysts predict that North America will be the largest in the market posting a CAGR of about 7% by 2020. Much of this region’s growth can be attributed to the extensive use of organic trace minerals. These minerals help in the production of high-quality meat and reduces the excretion of waste into the environment. Additionally, factors such as the high bioavailability of organic trace minerals in this region will also spur this market’s growth prospects owing to the implementation of stringent government regulations and rising awareness about diseases transmitted from animals to humans.
Competitive landscape and key vendors
This market is dominated by the prominent players, and the level of competition is subsequently fierce. This market also consists of a large number of
Global outlook for the seed treatment market
Market research analysts at Technavio have predicted that the global seed treatment market will grow at a CAGR of around 10% by 2020. Farmers are increasingly opting for biological seed treatment methods owing to the environmental impact and health hazards associated with the chemical agents. Biological agents are extensively researched and developed to enable organic farming and sustainable agriculture. Biological seed treatments are cost-effective and offer environmental benefits, which makes them preferable over chemical agents. Biological treatment agents are either used in isolation or in combination with chemicals to improve their efficiency and yield potential. Several seed companies in the market are investing in R&D to develop target-specific products by studying the control mechanism of these agents. Such developments in biological seed treatment methodologies will propel the growth of the overall seed treatment market during the forecast period.
North America will continue its dominance in the market and is likely to occupy around 33% of the overall market revenue during the forecast period. Much of the region’s growth comes from the US, which is one of the largest treated seed exporting countries in the world. Factors such as innovations in treatment methods of crop seeds, particularly corn, maize, wheat, and soybean drives the growth of the market. The penetration and requirement for seeds with modern traits such as
Outlook of the global azoxystrobin market
Azoxystrobin is a systemic fungicide used extensively across the agricultural industry. These plant fungicides are formulated to inhibit the growth or to kill fungi that infect crops. Azoxystrobin protects crops against fungal diseases like Septoria leaf blotch. This disease is caused by a fungus belonging to Septoria species that widely affects wheat and other grasses. The rising global demand for food grain has increased the need to enhance crop yield. Therefore, farmers are increasingly using fungicides to prevent losses due to fungal infections. With rising global food grain production, the market for azoxystrobin will have a positive outlook until the end of 2020. Extensive market research carried out by the analysts at Technavio has shown that the global market for azoxystrobin will grow at a moderate CAGR of nearly 6% by 2020.
In this industry research report, analysts have estimated factors like the rise in agricultural sustainability and the growing adoption of soil fertility management practices to impel the prospects for market growth until the end of the forecast period. With the increased use of chemical fungicides and hybrid seeds, the global agricultural industry has undergone significant developments in the past few decades. The increased emphasis on economic, environmental, and social sustainability in the agricultural sector has compelled farmers to depend on organic practices. This recent shift toward the use of bio fungicides is expected to drive the market growth for azoxystrobin during the forecast period.
Geographical segmentation of the azoxystrobin market
- North America
- Latin America
In this market research, the analysts have
Overview of the global grain and cereal crop protection chemicals market
Technavio’s market research analyst predicts the global grain and cereal crop protection chemicals market to grow at a CAGR of more than 5% by 2020. Factors such as soil erosion and land pollution have led to the reduction in the size of arable land and have subsequently forced farmers to increase the crop yield from limited size of the arable land. This requirement has increased the demand for crop protection chemicals, which helps in enhancing the yield and quality of crops. Pesticides are used to control the pests that feed on crops and also help in regaining the essential nutrients that are suitable for the crops. Moreover, the growing demand for food products, especially high-quality nutritious food, in the market will also augment the usage of pesticides so as to increase the crop yield and reduce the loss of crop from pests and diseases in the coming years.
The growing importance towards agricultural sustainability has led to the development of farming techniques, such as drip irrigation, crop protection, and soil management, to increase the crop yield. Several governments are providing subsidies and are also training farmers on using the new improved techniques for hybrid seeds, which require less water, less land, and grows at a faster rate. They are also encouraging the use of green pesticides to maintain the balance in the soil and to improve the crop productivity for future harvests.
Segmentation by type and analysis of the grain and cereal crop protection chemicals market
Outlook of the global agricultural micronutrients market
Technavio’s market research analysts have estimated the global agricultural micronutrients market to grow at a CAGR of more than 8% over the forecast period. The increasing demand for biofuels is one of the key factors driving the growth of this market in the coming years. The demand for biofuels is increasing significantly owing to the rapid depletion of crude and oil deposits and rising environmental concerns regarding the detrimental effects of petroleum products on the environment. Bioethanol and biodiesel are considered the most sustainable alternatives to the conventional fuel. Bioethanol is sourced from wheat, soybean, corn, rapeseed, and sugarcane, whereas biodiesel is sourced from Jatropha, sunflower, soybean, mustard, rapeseed, flax, canola, palm oil, hemp, and waste vegetable oils. Therefore, an augmented demand for biofuels has led to the demand for food grains and crops, which will, in turn, fuel the demand for agricultural micronutrients until the end of 2020.
In this industry research report, the analysts have estimated factors such as growing preference and adoption of GM seeds to bolster this market’s growth in the future. GM crops have a positive impact on the soil in addition to genetic contamination through horizontal gene transfer. According to several research studies, GM crops are capable of maintaining or enhancing the nutrients in agricultural soils. However, variations in the decay processes of the plant materials could have a tremendous impact on the natural nutrient recycling process, thereby affecting the soil ecosystem as a whole. Therefore, the growing preference for GM crops will spur the growth prospects for the agricultural micronutrients market until the end of 2020.
Segmentation by form and analysis of the agricultural micronutrients market
- Chelated micronutrients
Agrochemicals are chemicals used to enhance the yield and quality of crops. Pesticides and fertilizers are the two major types of agrochemicals. Pesticides control pests that feed on crops or on the nutrients in the soil that are meant for crops, while fertilizers enhance the fertility of soil by providing essential nutrients for crop growth.