Asia Pacific is the largest market for agrochemicals followed by North America and Europe. Per hectare consumption (4.5kg/hectare) of agrochemicals in North America is the highest among all regions. However, with a large share of farm land and good soil fertility, agriculture is one of the largest industries in Asia Pacific. Moreover, with growing demand for food grains from an ever-growing population, coupled with increasing exports of food grains from developing countries such as India and China, the market for agrochemicals is expected to witness a double digit growth in Asia Pacific. The U.S. is the largest producer of agrochemicals in North America. Japan and China are two major producers of agrochemicals in Asia Pacific.
The agrochemical market is highly consolidated with the top six manufactures accounting for about 75% of the total market share. Bayer A.G. is the world largest producer of agrochemicals. Some of the major companies operating in the global agrochemicals market include, Agrium Inc., Bayer A.G., E.I. Du Pont De Nemours & Company, Indian Farmers Fertiliser Cooperative, Makhteshim Agan Industries Ltd, Mosaic Company, Potash Corp. SAS. Inc., Sumitomo Chemical, BASF S.E., Dow Agrosciences LLC., Israel Chemicals Ltd., K+S AG, Monsanto Company, Nufarm Ltd., and Sociedad Quimica Y Minera De Chile SA
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