Europe is a significant market for agrochemicals consumption as the region is one of the fastest growing exporters of food grains. The European agrochemicals market is estimated to grow at a CAGR of 4.2% in the forecast period of 2017-2022.
Europe Agrochemicals Market Dynamics
Increasing need of food safety along with significant government support helps the European countries for use of agrochemicals. While the benefit of agrochemicals is commendable and people are getting aware of it, the toxicity of synthetic products forms the major challenge for this industry. International trade restrictions also form drawbacks for the industry as the region is an export oriented market. An integrated approach in the agricultural field may provide scope for future growth opportunities.
The western European region is an established market for agrochemicals and so it is expected to show average growth due to market maturity. France and Germany represent the largest agrochemicals markets of the European region followed by Italy, Spain and the UK. The smaller countries in the region are showing largest growth trend due to increased focus on the agriculture sector.
Europe Agrochemicals Market Segmentation
Pesticides market is currently lead by herbicides products followed by fungicides and insecticides. The use of agrochemicals in the region is mainly used for food application. Plant growth regulators and adjuvants are the two segments that show high future potential. As for other use such as biopolymers and biofuel, high construction and unfavorable economic conditions are creating a complex situation for the manufacturers.
Key Players in the European Agrochemicals Market
BASF, Bayer CropScience AG, CHEMINOVA AS, Yara International, Chemtura Corporation, Cleary Chemical Corporation, ISAGRO SPA and Syngenta AG are the major shareholders in the European agrochemicals industry. Though the region has many regional and local players, merger and acquisitions and new product development are the key strategies followed by the major companies here to beat the competition.
1.1 Market Definition
1.2 Key Findings of the Study
2. RESEARCH SCOPE AND METHODOLOGY
2.1 Study Deliverables
2.2 Market Segmentation
2.3 Study Assumptions
2.4 Research Methodology
2.5 Research Phases
3. MARKET OVERVIEW
3.2 Market/Technology Trends
4. MARKET DYNAMICS
4.1.1 Growing Demand for Food Safety & Quality
4.1.2 Government support
4.1.3 Adoption of new farming practices
4.1.4 Development of novel and safe products
4.2.1 Environmental and regulatory constraints
4.2.2 International trade restrictions
5. INDUSTRY ANALYSIS
5.1 Porter's Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitute Products and Services
5.1.5 Degree of Competition
6. MARKET SEGMENTATION
6.1 By Type
6.1.4 Plant Growth Regulators
6.2 By Application
220.127.116.11 Grains & Cereals
18.104.22.168 Oil seeds
22.214.171.124 Fruits & Vegetables
6.2.2 Non-Crop based
126.96.36.199 Turf & Ornamental Grass
6.3 By Geography
7. COMPETITIVE LANDSCAPE
7.1 Most Active Companies
7.2 Most Adopted Strategies
7.3 Market Share Analysis
8. COMPANY PROFILES
8.1 Bayer Crop Science
8.3 CF Industries Holdings
8.4 Yara International
8.5 Monsanto Company
8.7 ADAMA Agricultural Solutions
8.8 Nufarm Ltd.
8.9 Sumitomo Chemical
8.10 Israel Chemicals Ltd.
8.11 Syngenta AG.
8.12 K+S Kali
8.14 Haifa Group
8.15 Sociedad Quimica Y Minera De Chile Sa
8.16 Certis UK
8.17 Headland Agrochemicals/FMC
9. FUTURE OUTLOOK OF THE MARKET