Key Opportunities & Challenges - Agrochemicals Market

Global agrochemical market growth has been propelled by the ever rising population and decreasing land availability across the world. The global agrochemical industry is estimated to have reached $ 45,212 Million in 2011 and is expected to grow at a CAGR of 5-6%, to reach $ 56,010 Million through 2015 with increasing need to improve crop yields specifically in the developing countries. Majority of the share of the global agrochemicals sales is accounted by Asia Pacific (27%) followed by Europe with 25% and South America with 24%.