Source: Global Research & Data Services  Jan 13,2014

The report “Agrochemical and Pesticide Markets in the World to 2018” shows that the expansion of the global agrochemical and pesticide industry is forecast to reach 8.7% p.a. in the coming years.
 

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%).