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Agrochemicals Market - Europe Market Shares, Forecasts and Trends (2020 - 2025)

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Market Insights

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.

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