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Agriculture Sector Monitor
3rd February, 2016
Mordor Intelligence,
HIG 7, Behind KPHB Phase IX Green Park,
Kukatpally, Hyderabad,
Telangana, 500072 India.
Phone: +1 661-210-4568
Email: info@mordorintelligence.com
Website: www.mordorintelligence.com
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OVERVIEW
Agriculture Industry Outlook- Positive for Long Term
• The increasing concern over global food security on the onset of shrinking of farm land and land
productivity, governments and non-government authorities around the globe are focusing more on
agriculture sector productivity and growth.
• Agriculture sector is expected to feed a whopping 6 billion population globally, out of which more than 5
billion population reside in developing regions. By 2030, developing region’s population will expand at 1.2%
rate.
• While world population growth will determine the future of food and agriculture sector, the better economic
conditions of developing countries are shifting the demand patterns of agricultural produce. While
developed regions would grow below 2% rate, developing regions will continue growth at an average 5%.
This shift has enormous implications for global agriculture as it creates more and more higher-income
consumers with dramatically different food spending patterns.
• Farmers will need to produce around 1.4% more grain every year, representing an increase of approximately
30% by 2030 and around 70% by 2050.
• Despite the difficulties of shrinking arable land, chemical toxicity, harvest loss, and commodity price volatility
etc, the long term outlook for the agriculture and allied sector is seen positive given technological
innovations in agrochemicals and machinery industry along with popularity of Integrated Framing Practices.
• Recent advances in agricultural technologies are helping in food production; the advancement is happening
through biological and digital innovations. Biotech advances in terms of GM crops, hybrid seed varieties etc.
are leading to more productive and nutritious crops. Digital innovations come in agricultural operations,
machinery development and materials usage etc. Some of the growing trends in the industry are agricultural
robotics, LLDP agricultural films, seed coating materials and nanotechnology etc.
• The traditional agriculture based countries like Australia, Argentina, Canada, the European Union and the
United States will remain the major suppliers of staple food crops and other agricultural produce.
• Countries such as Brazil, Russia, Spain, Italy, China, Vietnam and India are making significant agriculture
investments to reduce the supply-demand gap.
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Major sectors Outlook
• Crop Protection: Regulatory authorities such as EPA (Environment Protection Agency) frequently come up
with stringent laws related to curbing pesticide use for alleviating environmental damage and increasing
consumer awareness about pesticide consumption, which is expected to be instrumental in slowing down
growth in demand for synthetic pesticides. The same reason however, is helping the biopesticides industry
to grow. Being organic, free of chemical residues and eco-friendly products, Biopesticides have been
witnessing faster growth in demand compared to their synthetic counterparts.
• Fertilizer: The global trade for the fertilizer industry is highly concentrated as 50-80% of total production
capacity of fertilizers is handled by top five countries. Asia-Pacific, with its thriving economies and rapidly
expanding population, is expected to experience the highest consumption from 2015 to 2020. Rising
consumer awareness for healthy food and product innovation involving micro nutrients and multifunctional
fertilizers are the opportunity areas for the sector.
• Biofertilizers: Growth in organic food industry is driving the bio-fertilizers market. The market is estimated
to grow at the CAGR of 14.6% during the forecast period of 2014-2020 and is estimated to reach
$18,048.1 million by 2020. Stringent regulatory framework for maximum residue level and growth in organic
farming makes Europe the major market accounting for around 40% of the global consumption. Nitrogen
fixing bacteria such as rhizobium, azotobacter is widely consumed and accounts for major market share.
• Seed Treatment: The greatest prospects for seed treatment lie in maximizing the plants generic potential
through bespoke solutions, which need a combination of crop protection, innovation and crop solution
techniques. With a market value of $4.2 billion in 2015, the market for seed treatment is gaining in
significance due to a number of factors like rise in seed cost, volatility in weather along with price and
greater use of multicomponent products.
• Agricultural Machinery: North American, European and Australian markets are some of the more affluent,
urbanized markets with between 700-1850 tractors per 1000 farmers. Regionally India and China provide
great scope of growth due to continued support from government bodies. Combine harvesters are the next
most abundantly used farm implements after tractor.
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A PIE OF OUR BROAD SPECTRUM
Sector Market Coverage Page
Crop Protection
(Pesticide)
Crop Protection Chemicals
(Pesticides)
Global Crop protection chemicals
(Pesticides) Market
Asia Pacific Crop protection chemicals
(Pesticides) Market
Brazil Crop protection chemicals
(Pesticides) Market
Germany Crop protection chemicals
(Pesticides) Market
North America Crop protection
chemicals (Pesticides) Market
US Crop protection chemicals
(Pesticides) Market
7
Biopesticides Global Biopesticides Market
China Biopesticides Market
Argentina Biopesticides Market
Germany Biopesticides Market
North America Biopesticides Market
US Biopesticides Market
8
Fungicide Global Fungicide Market
Global Grains & Cereals Fungicide
Market
Global SDHI Fungicide Market
Global Biofungicide Market
Latin America SDHI Fungicide Market
Europe Fungicide Market
Acaricide Global Acaricide Market
Europe Acaricide Market
Asia Pacific Acaricide Market
Herbicide Global Herbicide Market
Global Bioherbicide Market
Insecticide Global Insecticide Market
Global Crop Based Insecticide Market
Europe Insecticide Market
Fertilizers
Global Fertilizer Market
Asia Pacific Fertilizer Market
Brazil Fertilizer Market
Germany Fertilizer Market
North America Fertilizer Market
US Fertilizer Market
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Fertilizers
Biofertilizer Global Biofertilizer Market
Asia Pacific Biofertilizer Market
Global Biofertilizer Market by
Microorganisms
North America Biofertilizer Market
Micronutrient Fertilizer Global Micronutrient Fertilizer Market
Latin America Micronutrient Fertilizer
Market
8
Other
Agrochemicals
Adjuvants Global Agricultural Adjuvants Market
North America Agricultural Adjuvants
Market
US America Agricultural Adjuvants
Market
Europe Agricultural Adjuvants Market
9
Plant Growth Regulator
9
Global Plant Growth Regulator Market
North Plant Growth Regulator Market
US Plant Growth Regulator Market
Europe Plant Growth Regulator Market
Seed & Seed
Treatment
Seed Market Global Seed Market
Asia-Pacific Seed Market
Europe Seed Market
US Seed Market
Seed Treatment Global Seed Treatment Market
Global Chemical Seed Treatment Market
Global Non-chemical Seed Treatment
Market
North America Corn/Maize Seed
Treatment Market
Asia-Pacific Canola Seed Treatment
Market
Argentina Chemical Seed Treatment
Market
9
Seed Coating Materials Global Seed Coating Materials Market
Asia-Pacific Seed Coating Materials
Market
Europe Seed Coating Materials Market
South Africa Seed Coating Materials
Market
US Seed Coating Materials Market
10
Sector Market Coverage Page
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~Our report coverage for agriculture industry is vast. We also provide
customised market intelligence as per your specific requirements~
Machinery
Agricultural Machinery Global Agricultural Machinery Market
Asia-Pacific Agricultural Machinery
Market
India Agricultural Machinery Market
United States Asia-Pacific Agricultural
Machinery Market
South America Asia-Pacific Agricultural
Machinery Market
Africa Agricultural Machinery Market
10
Tractor Machinery Global Agricultural Tractor Machinery
Market
Global Utility Tractor Machinery Market
Global Garden & Orchard Tractor
Machinery Market
North America Agricultural Tractor
Machinery Market
Other Agriculture Machinery Global Ploughing and Cultivating
Machinery Market
Global Planting and Fertilizing Machinery
Market
Global Harvesting Machinery Market
Global Irrigation Machinery Market
Sector Market Coverage Page
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MARKETS WITH HIGH PROSPECTS
Global Crop protection chemicals (Pesticides) Market
• The Global Crop protection chemicals (Pesticides)
Market is slated to grow with a CAGR for 5.8%
between 2015 and 2020.
• The crop protection market will reach 77467.88
million USD by 2020.
• Two developing regions South America and Asia-
Pacific are the major consumers of crop protection
products worldwide.
• In Asia-Pacific, China and India lead the market
growth with CAGR of 8.12% and 10.17% respectively
till 2020.
• Usage of pesticides in grains and cereal crops covers
more than half of the market share; oil seed crops
would grow at a faster rate of CAGR 6.45% over the
forecast period.
• Factors driving the markets for pesticides include decreasing
arable land, increasing population and the requirement of
improving crop yields.
• Chemical toxicity is one of the major issue for the industry’s growth. For instance, chemicals such as
glyphosate (herbicide), atrazine (herbicide) and chlorpyrifos (insecticide), to name a few, remain under
constant reviews for their high toxicity level and can be either gradually phased out or even banned if
more eco-friendly options are made available.
MARKET REVENUE (IN $ MILLION
20000
40000
60000
80000
2015 2020
Global crop protection chemicals (Pesticides) market
CAGR 5.6%
Source: Mordor Intelligence Analysis
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Global Biopesticides Market
• The Biopesticides industry is estimated to grow at a CAGR of
10.34% by value terms during 2015-2020.
• With the increasing market share for biopesticides over the
concern of food safety and quality, the global demand for the
same would reach $4034 million by 2020.
• Biopesticides typically affect only the target pest and other
organisms that are closely related to it, as against broad-spectrum
conventional pesticides. This reason alone is the major driving
force for the biopesticide market growth.
• Low per capita use in several regions and high cost of product
development are the major constraints here.
• Europe is the major market for biopesticide consumption due to
stringent regulation policies pertaining to crop protection.
Global Micronutrient Fertilizer Market
• The global micronutrient fertilizer market is growing at an encouraging rate given the increasing
occurrence of soil and micronutrient depletions across the regions.
• Global market for micronutrient fertilizers is expected to reach a market value of $5374.4 million by
2020 growing at a CAGR of 8.2%.
• The issue of food security along with shrinking farm lands
necessitate the usage and application of micronutrient
fertilizers in fields.
• However, low acceptance and lack of product knowledge
among the farming community are the major hindrance in
further growth in demand.
• North America and Asia Pacific together account for more
than 70% of the World’s micronutrient fertilizer demand.
• Research and development pertaining to region and area
specific requirements is being religiously adopted by
industry players like The Mosaic Company, Cheminova A/S,
Yara International etc.
REGIONAL MARKET SHARE
North America Europe APAC
South America Africa
MARKET REVENUE (IN $ MILLION)
0
1500
3000
4500
6000
2015 2020
Global micronutrient fertilizer market
CAGR 8.2%
Source: Mordor Intelligence Analysis
Source: Mordor Intelligence Analysis
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Global Agricultural Adjuvants Market
• Increased cost of agriculture chemicals and pressure on
farmers to increase yield has paved way for use of
agriculture adjuvant.
• The market is poised to grow at a CAGR of 5.6% from
2015 to 2020.
• More than 75% of the market is dominated by activator
adjuvants like surfactants and oil adjuvants.
• The market for utility adjuvants would grow at a CAGR of
5.5% during 2015-2020.
• Akzonobel N.V., Dow Corning Corp., Evonik Industries
AG, Lamberti SPA and Adjuvant Plus Inc are in the forefront
of the Global Agricultural Adjuvants Market.
Global Seed Treatment Market
• The global seed treatment market was worth around $4.2 billion in
2015 and is expected to cross $6.4 billion by 2020.
• The global market is expected to grow at the CAGR of 8.9% during
the forecast period 2015-2020.
• Continuous rise in seed cost, volatility in weather along with price and
greater use of multicomponent products are driving the seed
treatment market.
• Worldwide, chemical agents dominate the market for seed
treatments, cornering an estimated share of 93.8% in 2015, with
demand for the same projected to reach US$6.4 billion by 2020 at a
CAGR of 8.9% between 2015 and 2020.
• By region, North America dominates the global seed treatment market
with a share estimated to be 48.2% in 2015, though Asia-Pacific’s
demand for these compounds is likely to emerge as the fastest
growing.
MARKET REVENUE (IN $MILLION
0
850
1700
2550
3400
2012 2013 2014 2015 2020
Agricultural adjuvants market
REGIONAL MARKET SHARE
North America
Europe
APAC
South America
ROW
Source: Mordor Intelligence Analysis
Source: Mordor Intelligence Analysis
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Global Seed Coating Materials Market
• Importance of seed coatings is to ensure proper
plantability, enhanced seeding rates and prevent doubles.
• Rise in demand for seeds has exerted pressure on
farmers, especially in Asian countries who are gradually
shifting to scientific method of farming. This situation has
generated an opportunity for seed coating companies.
• Polymer has the largest market share among coating
material type and is projected to grow with the increasing
demand for coated seeds in the agriculture industry.
• North America was the largest consumer of cereals &
grains seed coating materials and largest market of
polymer in 2015.
• Overall, the Global Seed Coating Materials Market is
expected to grow at a CAGR of 7% during the forecast
period 2015-2020.
Global Agricultural Machinery Market
• Agricultural machinery manufacturers are at the forefront of
change and evolution of the agriculture sector giving rise to
modern day integrated farm management approach.
• Population growth, urbanization, higher productivity demand with
a shrinking agricultural land base throughout the globe, are only
some of the factors which have led to the growth of total
agriculture machinery demand.
• Globally, Agricultural machinery market is expected to grow at
CAGR 8.00% over 2015-2020.
• India is one of the strategically important market for
agricultural machinery; the country’s demand would cross the
market value of $16493.80 million by 2020 at a CAGR of
11.5% during 2015-2020.
• In terms of types of implements, tractors are the most common equipment across the world.
These come in large ticket sizes with high horsepower for the more affluent markets, and in
smaller sizes to fit the needs of smallholder farmers in the developing world.
MARKET BY TYPE
Polymers Colorants Binders
Others
MARKET REVENUE (IN $ MILLION)
0
4250
8500
12750
17000
2015 2020
India Agricultural machinery
CAGR 8.2%
Source: Mordor Intelligence Analysis
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OUR METHODOLOGY
The analysis of market trends, growth patterns, and dynamics of a studied market, and forecasting the future
values depend on the overall market, demographic, geo-political, and macro and micro economic conditions
of a country or region, leading to the identification of broad exogenous and endogenous factors such as
historical market trends, macroeconomic and business cycle effects, seasonal effects, average selling price
trends, and homogeneity in the cross-sectional country trends.
The research process adopted for this entire study can be broadly classified into two phases: size estimation
of the historical and current years, and the forecasting methodology for the forecast period of the global,
country, and segmental-level data that lead to the Data Generation Process (DGP) for the studied variables.
The size estimations are carried out through bottom-up and top-down approaches, examining the revenues of
the key players, studying the size of the applications, end-user demand cross-validated by secondary and
primary resources. In this report, for analysing the trends of the studied market in the forecast period, we have
incorporated rigorous statistical and econometric methods, validated by secondary, primary, and by internal
experts through our extensive data intelligence repository. The market is studied from the demand and supply-
side perspectives to analyse the consumer and producer behaviour patterns in the review period that affect
the demand and consumption trends.
Data Inputs through primary expert
opinions, cushioned by secondary
databased research
Presentation by impactful articulation
& depiction of research findings
Data curation for reliable future research
Data Validation with econometric model
Forecasts with observable basic characters/ Trends
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intelligence from a new kid in the lot. Our client saw the passion that we hold for our work and trusted us.
Our passion for data, with a proclivity for recognizing patterns made us enter Market Research.
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Intelligence for the industry continued with many other consulting firms …..
OUR STORY
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