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China Agrochemicals Market - By Type and Application - Market Shares, Forecasts and Trends (2020 - 2025)

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The agrochemicals market in China is estimated to grow at a CAGR of 7.2% during 2015-2020.

China Agrochemicals Market Dynamics

China is the world's most populous country, thus ensuring food supply is the most important challenge for the agriculture industry. With the highest rate of population growth, increasing the need for food production and economic growth, the market for agrochemicals gets pushed ahead. Land scarcity due to urbanization, soil degradation, water scarcity etc. makes it all the more essential for the farmers to use agrochemicals to sustain. Low awareness among farming community and their low acceptance level to the modern day farming practices provide major drawbacks for the growth of the industry.

China Agrochemicals Market Segmentation

The Chinese agrochemicals market is segmented in detail as per various types of pesticide, fertilizer, adjuvants and PGR. Fertilizer forms the largest segment here while pesticides show higher growth trend. In pesticides, herbicides alone account for 40% of the market share. The market is further segmented application wise as crop-based such as cereals, grains, oilseeds, and vegetables and non-crop-based applications.  China represents the largest agrochemicals markets of the Asian continent. Currently, China is leading the market with its developing agricultural sector to cater to the need of its ever growing population. Globally, China is not only the largest producer but also the largest consumer of fertilizers.

Key Players in the Chinese Agrochemicals Market

Some of the big names include Yara International ASA, BASF, Bayer Crop Science, Makhteshim Agan Industries Ltd, Dow Agro Sciences, Monsanto, Syngenta, Aventis, Agrium etc.Lallemand Inc. and Arysta LifeScience (Japan), Sinofert Holdings Limited (China) are some of the big local companies operating in the region. Going forwards, China would attempt to increase its global market presence by foraying into newer areas by introducing domestic brands, with a specific emphasis on the US market.

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