#Agrochemicals Products Market
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Agrochemicals Products Market: Global Industry Analysis and Forecast 2023 – 2030
Global Agrochemicals Products Market Size Was Valued at USD 206.39 Billion In 2021 And Is Projected to Reach USD 288.48 Billion By 2028, Growing at A CAGR of 4.6 % From 2022 To 2028.
Any material used in agriculture, including synthetic fertilizers, herbicides, and insecticides, is referred to as an agrochemical. Most are chemical mixes consisting of two or more compounds; the inert ingredients stabilize, protect, or make the administration of the active ingredients easier while the active ingredients deliver the desired effects.
In regions like the Great Plains, agrochemicals have increased per-acre output by 200–300% since the 1930s when they were combined with other technological advancements like tractors, mechanical harvesters, and irrigation pumps. They are controversial subjects, as are the stability of the agricultural systems that use them and their long-term effects on the environment.
Farmers can grow more crops on an acre area for longer periods of time with the use of agrochemicals. By shielding crops from pests, diseases, and weeds, they guarantee a healthy yield. Because less land is required to produce rich yields, it also decreases the rate of deforestation, which is good for the environment. Furthermore, the land's pristine state is preserved.
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Scope For 2024
Brief Introduction to the research report.
Table of Contents (Scope covered as a part of the study)
Top players in the market
Research framework (structure of the report)
Research methodology adopted by Worldwide Market Reports
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
Leading players involved in the Agrochemicals Products Market include:
BASF SE, Bayer AG, Corteva Agriscience, Fengro Industries Corporation, FMC Corporation, Heringer Fertilizers SA, Israel Chemicals Ltd. (ICL), Jordan Abyad Fertilizers and Chemicals Company (Jafcco), K+S KALI GmbH, Nutrien Ltd., OCI NV, PJSC PhosAgro, Saudi Arabian Fertilizer Company (SAFCO), Syngenta International AG, The Mosaic Company, WinHarvest Pty Ltd, and Other Major Players
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Segmentation of Agrochemicals Products Market:
By Type
Fungicides
Herbicides
Insecticides
Other
By Product Type
Fertilizer
Pesticides
Adjuvants
Plant Growth Regulators
By Application
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Turf and Ornamental Grass
Other Non-crop-based
Market Segment by Regions: -
North America (US, Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)
What to Expect in Our Report?
(1) A complete section of the Agrochemicals Products market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.
(2) Another broad section of the research study is reserved for regional analysis of the Agrochemicals Products market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.
(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Agrochemicals Products market.
(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Agrochemicals Products market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.
(5) Readers are provided with findings and conclusion of the research study provided in the Agrochemicals Products Market report.
Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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#Agrochemicals Products#Agrochemicals Products Market#Agrochemicals Products Market Size#Agrochemicals Products Market Share#Agrochemicals Products Market Growth#Agrochemicals Products Market Trend#Agrochemicals Products Market segment#Agrochemicals Products Market Opportunity#Agrochemicals Products Market Analysis 2023
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The Agrochemical Market Will Observe Fastest Growth in the Cereals and Grains Category
The agrochemical market was valued at USD 221.7 billion in 2022, it is predicted to reach USD 301.5 billion by 2030, exhibiting a CAGR of 3.9% during the forecast period.
This is because of the rising demand for food and growing population which leads to a growth in the demand for fertilizers and nutrients used by farmers in order to supply the crops with nutrients and improve the…
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#Agricultural chemicals#Agrochemical demand#Agrochemical industry growth#Agrochemical market size#Crop protection products#Fertilizer market
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During the socialist state period in Hungary, for example, widespread soil acidification problems are traceable to heavy use of agrochemicals, like ammoniacal nitrate, but the problem could have been averted or at least reduced by refraining from producing the likes of sausages, fruits and vegetables for Western markets, especially West Germany and Austria, to fulfil loan repayment schedules imposed by Western financial institutions. In effect, the more an economy is integrated with international capital flows, the higher the ecological footprint. Accordingly, China, as a country embodying the main contradictions of the world capitalist economy, should be expected to have a worsening environmental record. As Peters et al. have shown, the wealthiest countries (largely liberal democracies) can overconsume fossil fuels and spew out the most greenhouse gases by appropriating natural wealth (e.g. fossil fuels) from the rest of the world, where there is chronic underconsumption relative to fossil fuel production.
Salvatore Engel-Di Mauro, Socialist States and the Environment: Lessons for Eco-Socialist Futures
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Following quote is from gleaning the welfare fields this is just a really nice succinct history of peasant revolt under communism
"Resistance to State Extraction during the Socialist Period (1959-1978)
The current character of rural resistance has its roots in the socialist era. This cycle of struggle begins in 1959, the first year of the Great Leap Famine, when a rupture occurred between peasants and the Chinese Communist Party (CCP), which had developed widespread support in the countryside to various degrees over the previous three decades. Many members and even leaders of the party came from the peasantry, and the CCP’s guidance had proven successful at winning struggles against local elites that poor peasants had already attempted unsuccessfully on their own. Peasant support grew throughout the 1950s as CCP policies (such as land reform and cooperativization), coupled with the end of civil war, led to improvements in living standards.
All this fell apart with the return of famine in 1959, following the first year of the CCP’s Great Leap Forward campaign.[12] Many peasants soon began to regard the party-state as an alien, extractive and oppressive force, and to act individually or collectively against it by hiding grain from state collectors, stealing from collective fields, looting granaries, going to cities to demand food,[13] and in some cases taking up arms and engaging in local “power seizures.”[14]
The post-Leap retreat to more conservative agrarian policies (partial decollectivization, restoration of markets) mitigated peasant unrest, but the damage was done. Henceforth it would be more difficult to mobilize peasants for mass campaigns or even everyday work. The inefficiency that Dengists[15] and liberals alike attribute to the nature of collective production in general actually stemmed, in this case, from peasants’ resistance to state extraction and what they interpreted as alien, often irrational attempts to control the production process. In the 1970s (following more moderate recollectivization in the mid-1960s), many peasants again pushed for partial decollectivization, and others welcomed the Dengist state’s forced decollectivization in the early 1980s—less because of peasants’ inherent individualism or “petty bourgeois mentality,” and more because they wanted less extraction and more control over production.[16]
Resistance to Price Fluctuations during the Period of Transition (mid-1980s to early 1990s)
The early 1980s was a golden age for most Chinese peasants, comparable to the 1950s in optimism and surpassing it in terms of livelihood. Several decades of peace and gradual improvement of food intake combined with post-1968 improvements in rural health care managed to double life expectancy between 1949 and 1980. Meanwhile, two decades of collective projects to improve rural infrastructure (bringing new land under cultivation, expanding irrigation systems, building roads, etc.) and state modernization of agriculture (mechanization, production of agrochemicals and high-yield varieties of seed and livestock) finally came to fruition in the late 1970s.[17] This was coupled with the first significant state increase in prices for agricultural products, supplemented by subsidies for peasant entrepreneurs who reorganized their household farms and privatized collective equipment to specialize in certain commodities, leading to the most rapid increase in agricultural productivity and income that China had seen since the Ming Dynasty—especially for those able to benefit from the entrepreneurial subsidies available from 1978 to 1984.
By the mid-1980s, however, a combination of new factors caused these increases in productivity and income to decline. The increase attributable to modernization on tiny plots of land soon reached its limits. The state then decreased its subsidies and price controls for agriculture as part of its general strategy of marketization, and in order to balance the budget and lower the price of food for urbanites. These changes spelled disaster for peasants who specialized in certain cash crops when prices fell below the cost of production, leading to the first significant round of peasant unrest in China since the Great Leap Famine,[18] beginning in the late 1980s.
There is little data available on this sequence of struggles due to media censorship and the preference of researchers to focus on either decollectivization or anti-corruption struggles, but it is memorialized in Mo Yan’s novel The Garlic Ballads.[19] Based on news reports and interviews, the novel recounts a 1987 uprising against the falling price of garlic and the government’s refusal to buy the surplus, after local officials had encouraged peasants to specialize in garlic and then pocketed the state subsidies, alongside fees they had charged for farming a cash crop instead of grain. If this case is any indication, the marketization of agriculture at this time was already intertwined with local state corruption, which became the focus of peasant resistance in the 1990s.
Resistance to Local State Expropriation in the 1990s and early 2000s
It was during this period that many young peasants began migrating to coastal cities for temporary jobs, incentivized by expropriation in the countryside and increasing employment opportunities in the Special Economic Zones, both occurring just as returns from modernized small-plot agriculture had reached their limits. The struggles of peasants thus bifurcated into the rural struggles dealt with here, and the struggles of ruralites as proletarians, including conflicts in the wage relation and riots against social exclusion discussed in “No Way Forward, No Way Back” (also in this issue).
Despite frequent news reporting and a sizable academic literature, the only attempt at a comprehensive history of rural struggles in China since the 1980s is a pair of articles by Kathy Le Mons Walker published in the late 2000s.[20] The following sections center on summarizing information from those articles, supplementing it with other sources and engaging critically with Walker’s analysis.
Among the many targets of peasant resistance from the late 1980s to the early 2000s, most could be characterized as direct expropriation. These included:
the issuing of IOUs in lieu of payment of cash for crops by local officials, who used the funds for speculative real estate and business deals[…]; cadre diversion of state-allocated inputs for agriculture; the pocketing of TVE [“collective” township and village enterprise] profits by local and mid-level cadres; the imposition by local cadres of a host of ‘illegal’ or ‘unaccounted for’ fines, fees, and taxes to pay for ‘development’ projects and/or for personal use; the forcible confiscation of the land, belongings, and food of peasants who could not or would not pay the extra taxes and fees; the expropriation of arable land without adequate compensation (for highways, real estate development, and personal use, or to attract industrial investors through the creation of ‘development zones’); the issuing of inferior and fake chemical fertilizers, pesticides, seeds, and other supplies by corrupt cadres; and finally the pollution of local water supplies by development projects, which has not only angered peasants but affected agricultural production as well.
This expropriation was not mere “corruption,” as both the Chinese state and liberal critics usually describe it.[21] In some cases it resembles proto-capitalist “primitive accumulation” in Marx’s classical sense, because it played a key role in the transition to capitalism.[22] In others, especially more recently, such expropriation might be better understood as specifically capitalist “accumulation by dispossession” in David Harvey’s sense—Walker’s preferred category of analysis.[23] It transferred products of peasant labor into capitalist enterprises and the infrastructure necessary for its operation. It also took the form of capitalist rents, as opposed to the tributary and socialist rents in rural China prior to marketization. Investment in this period often took the form of “collectively-owned” TVEs, but many of these functioned as profit-oriented joint-stock enterprises, while others were eventually appropriated by their managers or cheaply purchased by capitalists. During China’s reintegration into the world market in the 1990s, these privatized TVEs became the initial vehicle through which Chinese and transnational capital exploited local and migrant peasant-workers—the vehicle of their expropriation often becoming the source of their exploitation."
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Brazil’s Eucalyptus Monoculture Threatens Biodiversity and Indigenous Rights
Valued for its termite-resistant wood for building purposes, pulp to create products like writing and toilet paper, and its oil, which has numerous health and household benefits, the eucalyptus tree generates big business worldwide. Native to Australia and Tasmania, the prehistoric tree has been planted in such volumes that eucalyptus plantations cover some 25 million hectares around the globe—larger than the entire land area of the United Kingdom. By 2028, according to forecasts, the global eucalyptus oil market is projected to exceed $213 million, while the worldwide market for eucalyptus pulp will expand to nearly $17 billion.
But the eucalyptus industry has a dark side. Eucalyptus plantations growing in regions spanning South America, southern Africa, southern Europe, and Australia have significant detrimental impacts on local communities and biodiversity. Communities located near eucalyptus plantations are likely to face water shortages—as these plantations utilize huge amounts of water—and pollution from agrochemicals, including exposure to glyphosate, which has been linked to various health problems, including increased cancer risk.
In addition, the presence of eucalyptus trees’ leaves and roots hinders the growth of other plants beneath them because they contain a biocidal oil that inhibits the survival and decomposition of most soil bacteria that come into contact with them.
In eastern Brazil, eukalyptus plantations have replaced the diverse and endemic Atlantic Forest ecosystem, with some municipalities seeing nearly three-quarters of their land area being covered by eucalyptus plantations.
Brazil is the world’s largest eucalyptus producer. With an estimated 7.6 million hectares of eucalyptus plantations, Brazil maintains 30% of the world’s total eucalyptus trees. In eastern Brazil, particularly in the states of Bahia and Espírito Santo, these plantations have replaced the diverse and endemic Atlantic Forest ecosystem, with some municipalities seeing nearly three-quarters of their land area being covered by eucalyptus plantations. Large corporations such as Suzano, Fibria, and Veracel dominate this industry, exporting eucalyptus as pulp for manufacturing products like toilet paper.
Continue reading.
#brazil#politics#brazilian politics#environmental justice#indigenous rights#environmentalism#mod nise da silveira#image description in alt
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best exporters in india
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best agro chemical manufacturer in Gujarat
Insecticides, fungicides, herbicides, plant growth regulators, micro fertilisers and antibiotics are such a wide agricultural chemical formulations that Dharmaj Crop Guard Limited manufactures, distributes, and markets to both B2C and B2B customers. Dharmaj also offers pesticides for protecting human and animal health.
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Iodine Derivatives Market Size Estimation, Consumption, And Growth Opportunities Till 2028
COVID-19 IMPACT ANALYSIS ON GLOBAL IODINE DERIVATIVES MARKET
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global iodine derivatives market. In addition, complete analysis of changes on the global iodine derivatives market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. During COVID-19 pandemic, global iodine derivatives market was more or less affected due to supply chain distribution, declining demand for iodine derivatives from various application like food & feed, agrochemical, electronic, which has certainly affected the market growth to major extend. However, post COVID-19 the market has witnessed the rising new growth opportunities and is expected to have emerging demand in upcoming years.
To know the scope of our report get a sample on https://www.axiommrc.com/request-for-sample/11217-iodine-derivatives-market-report
MARKET OVERVIEW- GLOBAL IODINE DERIVATIVES MARKET
MARKET DRIVERS
The key factor driving the market growth are Increasing use of iodine derivatives in human food and animal feed. Iodine is an essential nutrient for both humans and animals. Deficiencies of iodine in animals can cause severe health effects such as goitre and reduced growth rates. Owing to the scarcity of iodine, it is often necessary to supplement animal feed with various forms of iodine like calcium iodate and ethylenediamine hydroiodide (EDDI). The iodine in the feeds support healthy growth in animals like broiler chickens. For instance, in September 2018, Micronutrients USA and Kemin Industries launched Intelli Bond VITAL 5 CR as an essential nutrition package containing six essential trace minerals. The introduction of Intelli Bond VITAL 5 Cr comes at a time when concern is rising about the integrity of feed ingredients sourced from outside the United States. The new offering delivers zinc, manganese, copper, cobalt and iodine from Micronutrient’s essential Intelli Bond VITAL 5 blends, with the added power of Kemin’s Kem Trace Chromium.
MARKET OPPORTUNITY
The global iodine derivatives market is expected to witness increasing new growth opportunities for market with growing iodine deficiency among people. Iodine deficiency is still a public health problem in 54 countries. A total of 36.5% (285 million) school-age children were estimated to have an insufficient iodine intake, ranging from 10.1% in the WHO region of the Americas to 59.9% in the European region. Iodine deficiency is a major threat to the health and development of population across the globe, primarily in preschool children and pregnant women. When requirement for iodine is not met, thyroid hormone synthesis is impaired, resulting in a series of functional and development abnormalities collectively referred to as iodine deficiency disorders (IDD). Conditions related to iodine deficiency comprises goitre, still-birth and miscarriage, hypothyroidism and impaired growth.
MARKET RESTRAINTS
The major restraining factor for the global iodine derivatives market is toxicity of iodine and health related issue. Iodine induced hyperthyroidism may be dangerous in patients with underlying heart diseases. In iodine sufficient individuals, iodine excess causes elevated thyroid stimulating hormones levels, which inhibits thyroid hormone production leading to hypothyroidism and goitre. Iodine toxicity is a rare condition which requires a broad initial diagnosis and heightened suspicion. These patients may exhibit vague signs and symptoms like nausea, vomiting, and diarrhoea. While history taking may reveal the toxicity, the cause is difficulty to determine without further evaluation.
MARKET GROWTH CHALLENGES
The COVID-19 pandemic has disrupted global supply chain networks in an unprecedented way. Supply-demand imbalances have pushed manufacturers across sectors to grapple with multiple challenges including rising commodity prices, logistics disruptions & port congestions, and shifting customer behaviour. At the same time, the move towards sustainability is driving almost all industry sectors towards sustainable production and operations that is good for people and the planet.
CUMULATIVE GROWTH ANALYSIS
The report provides in-depth analysis of global iodine derivatives market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various iodine derivatives in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2028.
MARKET SEGMENTAL OVERVIEW
The global iodine derivatives market comprises of different market segment like type, application and geography.
IODINE DERIVATIVES MARKET BY TYPE
The type studied in the global iodine derivatives market are potassium iodate, sodium iodate, calcium iodate, potassium iodide, copper iodide, ethylenediamine dihydroiodide, and others. Potassium iodide has register major market share during the estimated time period (2022-2028) and is likely to maintain its dominance over the estimated time period. With wide range of application and uses in various application industry is expected to drive the demand for global iodine derivatives market. Furthermore, ideally potassium iodide is mostly present in colourless crystals or white powder, which is odourless. The taste of the chemical is almost like saline and slight bitter. It is often used as nutritional supplement in animal feed and in human diet, in treatment of hyperthyroidism used as expectorant. Also used in some disinfectant and hair treatment chemicals.
IODINE DERIVATIVES MARKET BY APPLICATION
The global iodine derivatives market finds its major application in pharmaceutical, food & feed, cosmetics, agrochemical, electronics, nylon production, and others (chemical, sanitation). Pharmaceutical is likely to gain major market share during the estimated time period. The market players have witnessed rising new growth opportunities in this application sector as in pharmaceutical, the iodine derivatives are mostly used for preparing disinfectant, bactericides, and analgesics among others like tincture of iodine. Besides, the pharma companies often have increasing demand for various potassium iodate with rapid demand for various pharma products to maintain their patient engagement where pharmaceutical chemicals have witnessed demand globally. Besides, with increasing spread of COVID-19 the market has specifically increased its requirement.
IODINE DERIVATIVES MARKET BY GEOGRAPHY
The global iodine derivatives market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is likely to witness rising demand for iodine derivatives market. North America dominates the iodine derivative market due to the rise in the meat consumption. Furthermore, the increase in the poultry industry will further boost the growth of the iodine derivative market in the region during the forecast period. Europe is projected to observe significant amount of growth of the iodine derivative market due to the rise in the healthcare expenses spent by the government. Moreover, the increase in the number of cancer patients is further anticipated to propel the growth of the iodine derivative market in the region in the coming years.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of iodine derivatives market is certainly based range of market players operating in the chemical & material market with increasing demand for production of iodine derivatives. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.
The key players studied in market are Iofina plc., Godo Shigen Co., Ltd, Nippoh Chemicals., Zibo Wankang Pharmaceutical Chemical., Nanjing Taiye Chemical Industry, Qingdao Gimhae Iodide Chemical Co, Ajay-SQM Group., Infinium Pharmachem Pvt Ltd, Amphray Laboratories, Samrat Pharmachem Limited, Calibre Chemicals Pvt. Ltd, Omkar Speciality Chemicals Ltd, Merck Ltd., among others.
RECENT DEVELOPMENT:
January 2018: Iofina plc. Announced to strategically expand iodine production by bringing IO#7 into production, a plant which will significantly increase iodine output whilst reducing the Group’s overall iodine production cost.
Buy now Iodine Derivatives Market Report https://www.axiommrc.com/buy_now/11217-iodine-derivatives-market-report
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IJAAR | An Open Access Research Journal
International Journal of Agronomy and Agricultural Research is open access and a peer-reviewed journal that publishes high-quality original research papers together with review articles and short communications. It publishes original scientific work in all areas of Agronomy, Agricultural Sciences, Environment, and related Biology.
ISSN: 2223-7054 (Print)
ISSN: 2225-3610 (Online)
Issue: 12 issues per year
Publication: Fast and Continuous.
Scope
IJAAR covers Agronomy, Agriculture, Crop biology, Breeding, Marine biology & Aquaculture, Biotechnology, Horticulture, Mushroom culture, Farming & Advanced farming, Crop management, Soil science, Irrigation & Water Management, Pest management, Weed management & Control, Disease management & Control, Fertilization, Agrochemicals, Nutrient and Micronutrients, Pathology, Pollution biology, Landscape architecture, Animal sciences & Animal welfare, Poultry, Fisheries, Sericulture, Apiculture, Economic biology, Pharmacy, Social forestry, Agroecology, Embryology, Agricultural philosophy, Heredity, Genetically Modified Organisms (GMO), Plant & Animal domestications, Food security, Food Processing and Preservation, Food production & Alternative food systems, Industrial agriculture, Traditional agriculture, Sustainable agriculture, Green revolution, Agricultural marketing and analysis.
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Agrochemicals Products Market: Global Industry Analysis and Forecast 2023 – 2030
Global Agrochemicals Products Market Size Was Valued at USD 206.39 Billion In 2021 And Is Projected to Reach USD 288.48 Billion By 2028, Growing at A CAGR of 4.6 % From 2022 To 2028.
Any material used in agriculture, including synthetic fertilizers, herbicides, and insecticides, is referred to as an agrochemical. Most are chemical mixes consisting of two or more compounds; the inert ingredients stabilize, protect, or make the administration of the active ingredients easier while the active ingredients deliver the desired effects.
In regions like the Great Plains, agrochemicals have increased per-acre output by 200–300% since the 1930s when they were combined with other technological advancements like tractors, mechanical harvesters, and irrigation pumps. They are controversial subjects, as are the stability of the agricultural systems that use them and their long-term effects on the environment.
Farmers can grow more crops on an acre area for longer periods of time with the use of agrochemicals. By shielding crops from pests, diseases, and weeds, they guarantee a healthy yield. Because less land is required to produce rich yields, it also decreases the rate of deforestation, which is good for the environment. Furthermore, the land's pristine state is preserved.
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Updated Version 2024 is available our Sample Report May Includes the:
Scope For 2024
Brief Introduction to the research report.
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Research framework (structure of the report)
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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
Leading players involved in the Agrochemicals Products Market include:
BASF SE, Bayer AG, Corteva Agriscience, Fengro Industries Corporation, FMC Corporation, Heringer Fertilizers SA, Israel Chemicals Ltd. (ICL), Jordan Abyad Fertilizers and Chemicals Company (Jafcco), K+S KALI GmbH, Nutrien Ltd., OCI NV, PJSC PhosAgro, Saudi Arabian Fertilizer Company (SAFCO), Syngenta International AG, The Mosaic Company, WinHarvest Pty Ltd, and Other Major Players
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Segmentation of Agrochemicals Products Market:
By Type
Fungicides
Herbicides
Insecticides
Other
By Product Type
Fertilizer
Pesticides
Adjuvants
Plant Growth Regulators
By Application
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Turf and Ornamental Grass
Other Non-crop-based
Market Segment by Regions: -
North America (US, Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)
What to Expect in Our Report?
(1) A complete section of the Agrochemicals Products market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.
(2) Another broad section of the research study is reserved for regional analysis of the Agrochemicals Products market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.
(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Agrochemicals Products market.
(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Agrochemicals Products market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.
(5) Readers are provided with findings and conclusion of the research study provided in the Agrochemicals Products Market report.
Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.
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#Agrochemicals Products#Agrochemicals Products Market#Agrochemicals Products Market Size#Agrochemicals Products Market Share#Agrochemicals Products Market Growth#Agrochemicals Products Market Trend#Agrochemicals Products Market segment#Agrochemicals Products Market Opportunity#Agrochemicals Products Market Analysis 2023
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Can Agritech startups solve the agriculture and farming issues in India?
The average agricultural output in India during the past 60 years has increased. That's on top of the overall productivity increase. India's green revolution mission, improved road and power generation infrastructure, increased the number of online agriculture store in India, agri-input and supply chain management, agri-process knowledge, and other changes have all contributed to this rise in agricultural output.
After India’s independence, the government made it a priority to increase food production to the point where there would be no need for imports. There is a significant void that needs to be addressed by the next generation of agriculturalists, despite the fact that both the central and state governments have launched numerous agricultural development programmes to boost the growth of the agricultural industry. Scientists developing new farm technology would benefit greatly from incorporating farmers' traditional wisdom, experience, and expertise into their designs. Building relationships with farmers can be challenging since most extension agencies lack a thorough understanding of their clientele. There is a lack of practical understanding of their perspectives and tendencies, their needs and interests, and their strengths and shortcomings.
In order to achieve growth and agricultural development, this article presents several potential business prospects where startups in the form of agriculture companies in India might be formed. This would help the agricultural labourer, rural Indian citizens, farmers, as well as society as a whole. To maximise productivity and yield, farmers must employ effective inputs like fertilisers and agrochemicals. The bulk of the effort would go toward this. Based on this analysis, new ventures might be created to source and distribute agri-inputs to the sector's target customer. Seeds, insecticides, fertilisers, and agrochemicals are all examples of agricultural inputs that research shows farmers still have trouble getting when they need them.
As a result, there is room for new ventures to explore areas like agri-market environment analysis, agricultural input segmentation, agri-product positioning, distribution channel design, and many others. Students majoring in farm science, agriculture biotechnology, or agriculture engineering may be inspired to help new businesses get off the ground. The goal of starting online agriculture store in India, doing their counselling, as well as providing assistance is to increase agricultural output by connecting farmers with specialists who can advise them on pest and disease prevention, crop protection, market fluctuations, crop prices, and animal health care.
Startups offering agribusiness counselling and guidance can tell their clients about the supply and demand for various inputs, as well as the rental and purchase options for agricultural machinery and other necessities. The village, block, or district-level counselling and advice centres may be established if students majoring in plant breeding, agronomy, agri-extension & communication, horticulture, post-harvest technology, as well as animal husbandry were equipped with ICT skills and encouraged to do so. It's possible that in the future, these hubs may also offer soil testing, compost production, and plant nursery.
Farmers, Input management, food processing units, agri-produce traders, as well as retailers are all part of the agri-business sector's supply and value chain, and they're all responsible for meeting customers' diverse needs in a timely and efficient manner. Subsistence farmers, high-tech agro-holdings, biotech boutiques, SMEs, and MNCs are all included in this sector's vast array of businesses. The success of modern agriculture depends on the creation of a viable value chain that benefits farmers and all other participants.
Information about farmers' landholdings and cropping patterns,agri-produce traders, various types and quality of farm produce, a timeline of quantity production, as well as proper supply chain management from farm to retail, could all be provided by startups.
Storage facilities in India play an important role in the country's efforts to ensure food safety and expand its agricultural sector. There are currently three government agencies working to increase the nation's massive storage and warehousing capacities.
India currently holds more than 90mn metric tonnes of agricultural storage space or warehouses for use by government entities. They control 41% of the capacity, with the rest belonging to individual business owners, cooperatives, farmers, and so on. Millions of dollars worth of farm produce are lost each year despite the best efforts of governmental and private warehousing organisations, as well as cold chain logistics services. There is an urgent need for new businesses on a regional scale to oversee the management of farm produce in order to reduce waste and spoilage. Aside from agriculture, industries like retail trade have also felt the necessity for warehouses in the previous two decades.
These days, warehouses aren't just places to preserve things for later use; they're also hubs for a variety of value-added operations that help reduce waste and keep costs down. Warehouses for agriculture companies in India are an integral aspect of the agricultural supply chain. However, the storage industry is local, disorganised, and fragmented, exactly like the agricultural market. Third-party logistic businesses, or public warehouses, are used by many small and medium-sized landowners. Warehouses like these are a great aid to farmers because they can store goods and even help with packing and shipping.
Entrepreneurship in agri-tourism could help our country's rural and agricultural communities recover from their economic decline. Startups in the field of agritourism may in the future offer their customers the chance to harvest their own food at cost savings to both the consumer and the farmer. At the same time, a business of this type can teach curious tourists about farming techniques and climate-optimized plant varieties.
Lohri, Holi, Sankranti, Navaratra, Deepawali, Bihu, Navakalever, Dussera as well as Pongal are just a few examples of the many festivals that can be celebrated in rural areas. Branding can involve arranging trips that teach foreigners about Indian customs and agriculture. Guests are often invited to stay the night in order to give them a flavour of the rustic lifestyle common in several nations. Over the course of the agricultural life cycle, there is a great need for a surge in the number of new businesses dedicated to supporting farmers. The agriculture and related sectors receive a sizable portion of the central government's current budget.
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Benzoyl Chloride Prices Trend, Pricing, Database, Index, News, Chart, Forecast
Benzoyl chloride prices, a crucial chemical in various industrial applications, has experienced significant price fluctuations influenced by a multitude of factors. The market for benzoyl chloride is sensitive to the dynamics of supply and demand, raw material costs, production processes, and regulatory changes, making its pricing an interesting subject for analysis. This compound, primarily used in the production of benzoyl peroxide, dyes, pharmaceuticals, and other organic compounds, finds its demand largely driven by these end-use industries. The prices of benzoyl chloride are intricately linked to the cost of its key raw material, benzene, and the overall condition of the chemical industry.
The production of benzoyl chloride involves the chlorination of benzyl alcohol or the direct reaction of benzene with chlorine, processes that are energy-intensive and subject to fluctuations in the cost of energy and raw materials. When the prices of benzene increase due to global supply constraints or geopolitical tensions, the cost of producing benzoyl chloride correspondingly rises. Additionally, disruptions in the supply chain, such as transportation issues or shortages of critical inputs, can lead to increased production costs and subsequently higher market prices for benzoyl chloride.
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Environmental regulations and safety standards also play a significant role in shaping the price landscape of benzoyl chloride. Stricter regulations on emissions and the handling of hazardous chemicals can lead to increased compliance costs for manufacturers. These additional costs are often passed on to consumers in the form of higher prices. For instance, regulatory frameworks in regions like Europe and North America that impose stringent safety and environmental standards can make production more expensive compared to regions with more lenient regulations. Consequently, manufacturers operating in heavily regulated markets may experience higher production costs, influencing global benzoyl chloride prices.
The demand for benzoyl chloride is heavily influenced by its applications in the pharmaceutical and agrochemical sectors. As these industries expand, particularly in emerging markets, the demand for benzoyl chloride tends to increase. The pharmaceutical industry, which utilizes benzoyl chloride in the synthesis of various drugs and active pharmaceutical ingredients (APIs), has seen robust growth, further driving up the demand and price of benzoyl chloride. Similarly, the agrochemical industry’s growth, driven by the need for higher agricultural productivity and crop protection solutions, contributes to the increased demand for benzoyl chloride, impacting its market price.
Economic conditions also affect the price of benzoyl chloride. In times of economic downturn, reduced industrial activity can lead to lower demand for chemicals, putting downward pressure on prices. Conversely, during periods of economic growth, increased industrial output and higher consumption of end-use products can drive up the demand and prices for benzoyl chloride. The global economic landscape, therefore, plays a critical role in determining the pricing trends of this chemical.
Technological advancements in production processes can also influence benzoyl chloride prices. Innovations that enhance production efficiency or reduce the cost of raw materials can lead to lower production costs and, subsequently, lower market prices. On the other hand, if new technologies require significant capital investment, this can increase production costs in the short term, potentially leading to higher prices.
Geopolitical factors and trade policies have a considerable impact on the global benzoyl chloride market. Tariffs, trade barriers, and political instability can disrupt the supply chain and create uncertainties in the market, leading to price volatility. For instance, trade tensions between major economies can result in tariffs on chemical imports and exports, affecting the cost structure and pricing of benzoyl chloride. Moreover, geopolitical events that affect the production or transportation of raw materials like benzene can also lead to price fluctuations.
The market competition among benzoyl chloride manufacturers influences pricing strategies as well. In a highly competitive market, manufacturers may be compelled to keep prices lower to maintain market share, whereas in a market with fewer competitors, prices may be higher due to reduced competitive pressure. Mergers and acquisitions within the chemical industry can also alter the competitive landscape, impacting the supply and pricing of benzoyl chloride.
In summary, the price of benzoyl chloride is shaped by a complex interplay of factors including raw material costs, production processes, regulatory environments, demand from end-use industries, economic conditions, technological advancements, geopolitical factors, and market competition. Understanding these variables is essential for stakeholders in the chemical industry to navigate the market effectively and make informed decisions. The intricate nature of these influences underscores the importance of continuous market analysis and strategic planning in the benzoyl chloride industry.
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Chitosan Market Is Experiencing Significant Growth
The chitosan market is witnessing significant growth, and it will continue this trend in the coming years.
This is ascribed to the increasing acceptance of chitosan in food and beverage, wastewater purification, pharmaceutical, cosmetic, and agrochemical, bioplastic applications.
The pandemic of COVID-19 had a positive impact on this industry because numerous researchers have acknowledged chitosan as a possible agent for the drug delivery systems of COVID-19. This can be because of its construction that comprises free hydroxy & amine groups, which can simply link with other molecules via a hydrogen bond.
In the stringent lockdowns and various other rules, governments have allowed the healthcare sector to function, to deliver COVID-19 treatment, which has assisted the industry expansion.
Food preservatives are employed to enhance the lifespan of perishable food products. The conventional approaches to food preservation comprise the use of formalin, which has been substituted by chitosan significantly because of the poisonous effects of formalin on people.
The shrimp category, based on source, was the largest contributor to the chitosan market in recent years. Moreover, this category will further advance at a significant compound annual growth rate in the years to come.
This is mainly because of the high chitin content in shrimp shells, coupled with the increasing need for shrimp chitosan to treat wastewater and as a component in food preservatives.
In the past few years, the water treatment category, on the basis of application, led the industry. Moreover, this category is also likely to advance significantly in the years to come.
This is primarily because of the coagulation capability of chitosan on both the inorganic and organic substances present in water. In addition, it also assists in eliminating dyes as well as in flocculation, in water treatment.
The industrial category, based on grade, led the industry in the past few years. This is mainly because of the increasing rate of industrialization across the globe, which is boosting the utilization of industrial-grade chitosan in medical & pharmaceuticals, water treatment, and cosmetics applications.
APAC was the largest contributor to the industry in the past few years. Furthermore, the region is likely to advance at the fastest compound annual growth rate in the years to come. This is primarily because of the chelating assets of chitosan, which makes it suitable for the treatment of heavy-metal-laden industrial wastes.
Additionally, the high funding being made by the government as well as private administrations for water treatment in Malaysia, India, and China will further boost the expansion of this industry.
With its increasing utilization in the biomedical sector and wastewater treatment, the chitosan industry will continuously advance in the coming years.
#Chitosan Market Share#Chitosan Market Size#Chitosan Market Growth#Chitosan Market Applications#Chitosan Market Trends
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Ferrocene Market 2023-2031: A Comprehensive Analysis
Ferrocene, an organometallic compound consisting of two cyclopentadienyl rings bound to a central iron atom, has gained significant attention across various industries due to its unique chemical properties. Known for its stability and ability to act as a catalyst, ferrocene finds applications in numerous sectors, including pharmaceuticals, agriculture, and energy.
Market Size and Growth
The global ferrocene market has shown robust growth over recent years and is projected to continue expanding from 2023 to 2031. In 2023, the market size was estimated at USD 500 million, and it is expected to reach USD 800 million by 2031, growing at a CAGR of 5.5% during the forecast period. The demand is driven by its increasing use in pharmaceutical formulations, as a fuel additive, and in research and development activities.
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Market Segmentation
By Service Type
Manufacturing Services: This segment includes the production and supply of ferrocene compounds.
Research and Development Services: Services focused on the innovative application and improvement of ferrocene-based products.
By Sourcing Type
Direct Sourcing: Companies sourcing ferrocene directly from manufacturers.
Indirect Sourcing: Sourcing through distributors or intermediaries.
By Application
Pharmaceuticals: Utilized in drug formulations for its stability and catalytic properties.
Agriculture: Used as a growth stimulant and pesticide.
Energy: Incorporated in fuel additives to enhance combustion efficiency.
Chemical Synthesis: Employed in various organic synthesis reactions.
By Industry Vertical
Healthcare: Including pharmaceuticals and biotechnology.
Agriculture: Focusing on agrochemicals and pesticides.
Energy: Especially in the production of fuel additives.
Chemicals: General chemical manufacturing and synthesis.
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Regional Analysis
North America: The region holds a significant market share due to advanced research facilities and high demand from the pharmaceutical sector.
Europe: A mature market with substantial use in chemical synthesis and pharmaceuticals.
Asia-Pacific: Expected to witness the fastest growth due to rising industrialization and increasing investments in R&D.
Latin America and Middle East & Africa: Emerging markets with growing applications in agriculture and energy sectors.
Market Drivers and Challenges
Market Drivers
Increasing Pharmaceutical Applications: The use of ferrocene in drug formulations due to its stability is a major growth driver.
Rising Demand for Fuel Additives: As a catalyst in fuel additives, ferrocene improves combustion efficiency, driving its demand in the energy sector.
Advancements in Chemical Synthesis: Its role in facilitating complex chemical reactions propels its use in the chemical industry.
Challenges
High Production Costs: The complex synthesis process of ferrocene can lead to higher production costs.
Regulatory Hurdles: Stringent regulations regarding the use of organometallic compounds may pose challenges.
Market Trends
Eco-friendly Catalysts: Growing emphasis on green chemistry and the development of eco-friendly catalysts is boosting the demand for ferrocene.
Innovative Applications: Continuous R&D is leading to the discovery of new applications, particularly in biotechnology and material science.
Strategic Collaborations: Companies are increasingly entering into partnerships and collaborations to enhance their R&D capabilities and market reach.
Future Outlook
The future of the ferrocene market looks promising with continuous advancements in technology and increasing demand from various sectors. By 2031, the market is expected to diversify further with new applications and geographic expansion. The ongoing research is likely to open up novel uses in biomedicine and nanotechnology.
Key Market Study Points
Analysis of market size and growth trajectory.
Detailed segmentation based on service type, sourcing type, application, industry vertical, and region.
In-depth regional analysis highlighting key markets.
Identification of primary market drivers and challenges.
Examination of current trends and future market outlook.
Assessment of competitive landscape and recent developments.
Competitive Landscape
The ferrocene market is highly competitive, with key players focusing on innovation, mergers, and acquisitions to strengthen their market position. Major companies include BASF SE, Sigma-Aldrich, Strem Chemicals, and Ereztech.
Recent Developments
BASF SE recently announced the expansion of their production capacity for ferrocene to meet the growing demand.
Sigma-Aldrich has introduced a new line of high-purity ferrocene products targeting pharmaceutical applications.
Strem Chemicals entered into a strategic partnership with leading universities to advance ferrocene research in nanotechnology.
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Philippines Agrochemicals Market Outlook, Demand, Report 2023-2030
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Philippines Agrochemicals Market size by value at USD 1.67 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Philippines Agrochemicals Market size to expand at a CAGR of 5.73% reaching a value of USD 3.02 billionby 2030. The Philippines Agrochemicals Market is expected to record significant growth, driven by a confluence of factors. One key driver is the constant rise in the country's population. This necessitates a corresponding increase in agricultural output to ensure food security. Traditional farming methods may not suffice, leading farmers to adopt agrochemicals like fertilizers and pesticides. These chemicals enhance crop yields and protect them from pests and diseases, contributing to greater food production.
By volume, BlueWeave estimated the Philippines Agrochemicals Market size at 584.29 metric tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Philippines Agrochemicals Market size to expand at a CAGR of 5.15% reaching a volume of 705.11 metric tons by 2030. There is growing awareness among Filipino consumers regarding the advantages of organic produce. This has led to a surge in organic farming practices. The Philippines Agrochemicals Market is expected to witness substantial growth due to this shift. The government’s support for sustainable agricultural initiatives and consumer willingness to pay a premium for organic products further bolsters the demand for organic fertilizers. This creates a two-pronged approach in the Philippines Agrochemicals Market, catering to both conventional and organic farming methods.
Opportunity – Increasing adoption of sustainable solutions for agricultural growth
In an era of increasing environmental awareness, the Philippines Agrochemicals Market is experiencing a significant shift towards biofertilizers and biopesticides. With growing concerns over chemical residues and ecological impact, farmers are embracing these eco-friendly alternatives to enhance soil fertility and combat pests sustainably. Government initiatives promoting organic farming practices further accelerate the trend. The rise of bio-based solutions addresses environmental concerns and also fosters healthier crop yields, reducing dependency on traditional chemical inputs. The paradigm shift marks a crucial step towards sustainable agriculture in the Philippines, promising long-term agricultural growth and resilience.
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Impact of Escalating Geopolitical Tensions on Philippines Agrochemicals Market
Escalating geopolitical tensions can significantly impact the Philippines Agrochemicals Market. Geopolitical instabilities may disrupt trade relations, affecting the import and export of agrochemical products. For instance, strained diplomatic ties can lead to trade barriers or tariffs, increasing costs for both producers and consumers. Moreover, geopolitical conflicts can disrupt supply chains, leading to shortages or delays in the availability of agrochemicals. This instability may also deter foreign investments in the agricultural sector, hindering technological advancements and innovation in agrochemical products. Ultimately, these factors can hamper agricultural productivity and threaten food security in the Philippines. In recent years, disputes over territorial claims in the South China Sea have heightened tensions in the region, potentially impacting trade and investment flows in the Philippines Agrochemicals Market.
Philippines Agrochemicals Market
Segmental Coverage
Philippines Agrochemicals Market – By Type
Based on type, Philippines Agrochemicals Market is divided into Fertilizers (Nitrogenous Fertilizers (Urea, Ammonium Nitrate, Ammonium Sulfate, Ammonia, Calcium Ammonium Nitrate, Other Nitrogenous Fertilizers); (Phosphatic Fertilizers (Diammonium Phosphate, Monoammonium Phosphate, Triple Superphosphate, Other Phosphatic Fertilizers); Potassic Fertilizers (Potassium Chloride, Potassium Sulfate, Other Potassic Fertilizers); Pesticides (Insecticides, Herbicides, Fungicides, Nematicides, Other Pesticide Types) Adjuvants, Plant Growth Regulators segments.
The fertilizers segment is the largest in the Philippines Agrochemicals Market by type, which encompasses Nitrogenous Fertilizers (including Urea, Ammonium Nitrate, Ammonium Sulfate, Ammonia, Calcium Ammonium Nitrate, and other types), Phosphatic Fertilizers (such as Diammonium Phosphate, Monoammonium Phosphate, Triple Superphosphate, and others), and Potassic Fertilizers (like Potassium Chloride, Potassium Sulfate, and other variants). The segment dominates due to the essential role fertilizers play in enhancing soil fertility and crop yield. It constitutes a significant portion of the market, reflecting the agricultural sector's reliance on these inputs for optimal plant growth and productivity.
Philippines Agrochemicals Market – By Crop Type
Based on crop type, Philippines Agrochemicals Market is divided into Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables segments. The cereals & grains segment is the largest crop type in the Philippines Agrochemicals Market, given the significant role these crops play in the country's agricultural landscape. With rice being a staple crop in the Philippines, followed by other grains like corn and wheat, the demand for agrochemicals in the segment is substantial. This emphasis reflects the importance of ensuring optimal yields and quality in cereal and grain production to meet both domestic and export demands, driving the market growth.
Competitive Landscape
Philippines Agrochemicals Market is fiercely competitive. Major companies in the market include Bayer CropScience, Syngenta Philippines, Inc., Corteva Agriscience, BASF Philippines, Inc., East-West Seed Company, Inc., FMC Corporation, Sumitomo Chemical Philippines, Nufarm Philippines, Inc., Arysta Lifescience, UPL Limited, FMC Corporation. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Philippines Agrochemicals Market.
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Itaconic Acid Market Analysis: Key Insights and Future Outlook
Introduction
Methylenesuccinic acid is an organic dicarboxylic acid produced as an intermediate metabolite by certain fungi during glucose fermentation. With the chemical formula C5H6O4, methylenesuccinic acid has two carboxyl groups that make it highly reactive and versatile for chemical applications. Its production from renewable biomass via fermentation also makes methylenesuccinic acid attractive as a sustainable building block.
Applications in Specialty Polymers
One major use of itaconic acid is in the production of specialty polymers. Its two carboxyl groups allow it to act as a comonomer in polymerization reactions. When copolymerized with acrylic acid or other monomers, methylenesuccinic acid introduces desirable properties like hydrophilicity, permeability, and acidity into the final polymers. Such methylenesuccinic acid copolymers find widespread use as superabsorbents in hygiene products, thickeners in industrial applications, and biodegradable materials. They are also being explored for new applications in fuel cells, adhesives, coatings and ion-exchange resins.
Intermediate for Synthetic RESINS
Besides direct applications, methylenesuccinic acid also enables the production of many important intermediates and final products. It undergoes thermal decarboxylation to form styrene, a precursor to polystyrene plastics. Via acidolysis with polyols, methylenesuccinic acid can make reactive polyester resins used as binders, coatings or matrices. Dimerization to produce citraconic anhydride opens new routes for epoxy and alkyd resins essential to paints, varnishes and construction materials. With techniques like selective hydrogenation, methylenesuccinic acid can even yield substituted furan derivatives and other platform chemicals with wide scope in the agrochemical and pharmaceutical industries.
Sustainable Chemical Building Block
As industries transition towards renewable, sustainable bio-based options, itaconic acid displays immense potential. It serves as an ideal building block - with its versatile functional groups, biodegradability, and production from abundant biomass. Global production capacities are scaling up to serve diversifying applications. Meanwhile, metabolic engineering pushes yields and titers higher. Methylenesuccinic acid exemplifies how sustainable biomanufacturing and green chemistry principles can yield platform chemicals previously derived from petrochemicals. This opens up new pathways for more environmentally benign products meeting society's needs well into the future.
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