What is Agrochemical?
Agrochemical (or agrichemical), is a generic term for the various chemical products used in agriculture. In most cases, agrochemical refers to the broad range of pesticides, including insecticides, herbicides, and fungicides. It may also include synthetic fertilizers, hormones and other chemical growth agents, and concentrated stores of raw animal manure.
Advantages and Disadvantages of Agrochemicals.
The advantages of agrochemicals can be seen in the reduction of pests
and the increase in crop yeald. The reduction of pests can also be
deemed a disadvantage of agrochemicals because if there are residues
that are left on the crops, they can harm humans as well. Many agrochemicals are toxic, and agrochemicals in bulk storage may pose significant environmental and/or health risks, particularly in the event of accidental spills .
Global Agrochemicals Market To be US$ 223 billion by 2015.
Due to increasing population and decreasing land availability, the global agrochemical market is expected to grow from $134 billion in 2010 to $223 billion in 2015, registering a high CAGR of 10.6% from 2010 to 2015. Market growth is also driven by the use of agrochemicals in the production of biofuels, which are rapidly gaining in importance over traditional petroleum-based fuel. Programs such as Integrated Nutrient Management (INM) and Integrated Pest Management (IPM) are now in place to minimize risks from agrochemicals related to health, economy, and environment.
Due to extensive crop cultivation in India, China, Russia, and Japan, Asia forms the largest agrochemicals market in 2010, while the U.S. market is expected to have the highest CAGR as the region’s market is expected to benefit from development of new and safer chemicals. Industry participants with the most significant product developments include Agrium, BASF, Bayer, DuPont, Yara International, Mosaic, Syngenta, Monsanto, and Dow AgroSciences.
No comments:
Post a Comment