Agriculture Sector Monitor

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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 regions 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

Crop Protection
(Pesticide)

Fertilizers

Market

Coverage

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

Biopesticides

Global Biopesticides Market

China Biopesticides Market
Argentina Biopesticides Market
Germany Biopesticides Market
North America Biopesticides Market
US Biopesticides Market

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
Global Fertilizer Market
Asia Pacific Fertilizer Market
Brazil Fertilizer Market
Germany Fertilizer Market
North America Fertilizer Market
US Fertilizer Market

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Agriculture Sector Monitor

Sector
Fertilizers

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Market

Coverage

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

Adjuvants

Global Agricultural Adjuvants Market

North America Agricultural Adjuvants
Market
US America Agricultural Adjuvants
Market
Europe Agricultural Adjuvants Market

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 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

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

Other
Agrochemicals

Seed & Seed

Treatment

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Sector

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Market

Coverage

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

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

Machinery

Page
10

~Our report coverage for agriculture industry is vast. We also provide

customised market intelligence as per your specific requirements~

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MARKETS WITH HIGH PROSPECTS

Global Crop protection chemicals (Pesticides) Market
MARKET REVENUE (IN $ MILLION

The Global Crop protection chemicals (Pesticides)

Market is slated to grow with a CAGR for 5.8%
between 2015 and 2020.

80000

The crop protection market will reach 77467.88

million USD by 2020.

60000

Two developing regions South America and AsiaPacific 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.

CAGR 5.6%

40000

20000

2015

2020

Global crop protection chemicals (Pesticides) market

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 industrys 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.

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.

REGIONAL MARKET SHARE

North America
South America

Europe
Africa

Source: Mordor Intelligence Analysis

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%.
MARKET REVENUE (IN $ MILLION)

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 Worlds 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.

6000

CAGR 8.2%
4500

3000

1500

2015

2020

Global micronutrient fertilizer market

Source: Mordor Intelligence Analysis

APAC

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Global Agricultural Adjuvants Market

MARKET REVENUE (IN $MILLION

3400

Increased cost of agriculture chemicals and pressure on

farmers to increase yield has paved way for use of
agriculture adjuvant.

2550

The market is poised to grow at a CAGR of 5.6% from

2015 to 2020.

1700

More than 75% of the market is dominated by activator

adjuvants like surfactants and oil adjuvants.

850

The market for utility adjuvants would grow at a CAGR of

5.5% during 2015-2020.

2012

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.

2013

2014

2015

2020

Agricultural adjuvants market

Source: Mordor Intelligence Analysis

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-Pacifics
demand for these compounds is likely to emerge as the fastest
growing.

REGIONAL MARKET SHARE

North America
Europe
APAC
South America
ROW
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.

MARKET BY TYPE

Polymers
Others

Colorants

Binders

Source: Mordor Intelligence Analysis

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.

MARKET REVENUE (IN $ MILLION)

17000

CAGR 8.2%
12750

8500

4250

India is one of the strategically important market for

agricultural machinery; the countrys demand would cross the

2015

market value of $16493.80 million by 2020 at a CAGR of

11.5% during 2015-2020.

2020

India Agricultural machinery

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.

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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 supplyside 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

Data curation for reliable future research

Presentation by impactful articulation
& depiction of research findings

Data Validation with econometric model

Forecasts with observable basic characters/ Trends

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Agriculture Sector Monitor

OUR STORY
Our passion for data, with a proclivity for recognizing patterns made us enter Market Research.

The first step for success is always the toughest one. Its hard for an established company to trust market
intelligence from a new kid in the lot. Our client saw the passion that we hold for our work and trusted us.
The beginning

Intelligence for the industry continued with many other consulting firms ..

Aim higher. Stay Focused - Brandon Adams

It didn't take us long to gain hold of the market with our team of passionate data lovers. The word of MI as a trusted
research partner has spread across with market leaders, allowing us to become a part of their growth

We are now into serious business

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SOME OF OUR CLIENTS

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Agriculture Sector Monitor

Market intelligence from SEED to a SPORTS CAR

WE ARE

Contact
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Phone: +1 661-210-4568

About Mordor Intelligence

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