London, 31 August 2015 – Technavio has published a new report on the agrochemical market in Brazil, which is expected to grow at a CAGR of almost 5% from 2015-2019.
About the Report
In accordance with the latest report by Technavio, soil fertility management practices such as conservation tillage, crop rotation, and optimum use of fertilizers, have gained importance over the years because of increased loss of arable land and demand for food that mandate crop yield efficiency.
“The increased practices of soil fertility management have necessitated the use of fertilizers, thereby increasing the demand for fertilizers. Presently in Brazil, soil fertility management practices are being used for crops such as soybean, maize, barley, and sugarcane,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes fertilizer efficiency, which is gaining significance in the market, owing to the effects fertilizers have on the environment and human and animal health.
“Vendors are making substantial investment in R&D to develop environment-friendly fertilizers, which is a positive trend that will reinforce the market growth,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the agrochemical market in Brazil from 2015-2019. To calculate the market size, the report considers revenue generated from the sales of different types of pesticides (insecticides, fungicides, herbicides, and biopesticides), and fertilizers (nitrogenous fertilizers, phosphorus fertilizers, and potassium fertilizers).
Key Information Covered in the Report:
Key Vendors:
- BASF
- Bayer CropScience
- FMC
- Syngenta
Market Growth Drivers:
- Increased demand for food
- For a full detailed list, view our report.
Market Challenges:
- Supply restrictions
- For a full detailed list, view our report.
Market Trends:
- Rise in agricultural sustainability
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
