The German agrochemicals market is estimated to grow at a CAGR of 3.3% during 2017-2022.
Germany Agrochemicals Market Dynamics
Increasing need of food safety around the globe along with significant government support promotes more use of agrochemicals. International trade restrictions are constraining the growth of the market as the country is export driven. An integrated approach in the agricultural field may provide scope for future growth opportunities. Germany is one of the established consumption points for agrochemicals and is expected to show average growth because of market maturity and regulatory constraints.
Germany Agrochemicals Market Segmentation
Nitrogenous fertilizers form the largest share of fertilizer market. Pesticides market is currently lead by herbicides products followed by fungicides and insecticides. Specifically grains & cereals constitute the largest end-use area for agrochemicals in the country. 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 German Agrochemicals Market
The key players profiled in the report include Certis UK, Syngenta, Bayer, Yara International ASA, Makhteshim Agan Industries Ltd, Dow Agro, BASF and Headland agrochemicals among others. The key strategies being adopted in this market are new product launches and product registrations in the biopesticides segment. The opportunities in this country are more as the government encourages companies to voluntarily work towards sustainable pest management practices through innovations in the biopesticides segment.
