SAN JOSE, USA (Commodity Online): Due to steady reduction in cultivable land and declining productivity of agricultural lands, the global agriculture chemical market is expected to surpass US$329 Billion by 2015, according New Industry Report by Global Industry Analysts, Inc.
The growth is mainly driven by the increasing demand from Asian countries particular China and India.
Both India and China are agriculture-driven economies and therefore generate strong demand for crop chemicals such as fertilizers and pesticides.
The increasing adoption of Programs such as Integrated Pest Management (IPM) and Integrated Nutrient Management (INM) are expected to mitigate environmental risks due to the use of agrochemicals and resultantly boost demand.
The demand for eco-friendly agriculture chemicals rare also seen rising and the increasing implementation of laws and regulations by various governments is leading to the development of bio-insecticides. These insecticides possess qualities such as low-residual effect, high degradability, high levels of biological activity and high selectivity.
The research report titled “Agricultural Chemicals: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings.
