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Global agchem and pesticide markets to grow by 8.7%
Jan. 13, 2014
The market increased with an average annual growth of 9.8% between 2007 and 2013. Currently, herbicides, plant-growth regulators(PGRs), and anti-sprouting products cover the largest part of the world market accounting for 41.5% of the demand while the remaining market share is divided between insecticides (27.1%), fungicides (21.5%), disinfectants (3.4%), and other agrochemicals and pesticides (6.5%).
China, France, Germany, India, and the United States represent the largest agrochemical and pesticide markets while the strongest annual growth is forecast to occur in Azerbaijan (18.2%), Egypt (15.6%), Macedonia (15.4%), Turkey (14.4%) and Moldova (13.8%).
Source: Global Research& Data Services
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