It is forecasted that the U.S. agrochemical market will have a revenue of approximately USD 49 billion by 2025.
As per the data released by India Brand Equity Foundation, In June 2021, the Government of India announced an additional outlay of around USD 27 billion, which will be utilized for the Pharmaceutical PLI scheme in 13 key sectors such as pharmaceuticals ingredients, drug intermediaries and critical starting materials.
An Increase in the Acceptance of Agrochemicals in the Developing Countries
The found at land mass for agrochemicals to preserve soil health and boost land productivity is growing as the demand for food products increases in rising nations of the Asia Pacific region.
Increasing Paraquat Usage in Countries such as U.S., Brazil, and India
Despite being banned in several European and Chinese nations, paraquat is utilized in many other countries. Due to farmers' reliance on genetically modified, Roundup-ready soyabean crops, it is widely used in the United States. Since weeds are developing resistance to Roundup herbicides, farmers must use stronger and more efficient pesticides, including paraquat. This is fueling the growth of the Pyridine and Pyridine Derivatives Market over the forecast period as paraquat demand rises in the U.S.
Recent Trends and Developments
- Jubilant Ingrevia has
purchased a 26.60% stake in AMP Energy Green Fifteen in February 2021. The
company has increased its presence in several regions thanks to the
acquisition.
- In December 2021,
Vertellus has acquired Jarchem who is a global manufacturer and provider of Unique
specialty ingredients and nature-based products to expand its product portfolio
across multiple geographies.
Market Segmentation
Global Pyridine & Pyridine Derivatives Market is segmented based on Type, Application, and regional distribution. Based on Type, the market is segmented into Pyridine, Beta Picoline, Alpha Picoline, Gamma Picoline and Others. By Application, the market is further segmented into Agrochemicals, Pharmaceuticals, Latexes, Food and Others. The market analysis also studies the regional segmentation divided among North American region, European region, Asia-Pacific region, South American region, and Middle East & African region.
Market Players
Jubilant Ingrevia Limited, Vertellus holdings LLC, Parker Hannifin Corporation, Lonza Group Ltd., Nanjing Red Sun Company, Resonance Specialties Limited, Shandong Luba Chemical Co., Ltd., Hubei Sanonda Co., Ltd., Chang Chun Petrochemical Co., Ltd., and Koei Chemical Co., Ltd.are some of the major market players in Global Pyridine & Pyridine Derivatives Market.
Attribute
|
Details
|
Base Year
|
2022
|
Historical
Years
|
2018 – 2021
|
Estimated
Year
|
2023
|
Forecast
Period
|
2024 – 2028
|
Quantitative
Units
|
Revenue in USD
Million, Volume in Million Tonnes, and CAGR for 2018-2022 and 2023E-2028F
|
Report
Coverage
|
·
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
Segments
Covered
|
·
Type
·
Application
|
Regional
Scope
|
North America; Europe; Asia
Pacific; South America; Middle East & Africa
|
Country
Scope
|
United States, Mexico, Canada, Germany, France, United
Kingdom, Italy, Poland, Netherlands, China, Japan, South Korea, India, Vietnam,
Australia, Brazil, Colombia, Argentina, South Africa, Saudi Arabia, UAE,
Qatar
|
Key
Companies Profiled
|
Jubilant Ingrevia Limited, Vertellus holdings LLC, Parker
Hannifin Corporation, Lonza Group Ltd., Nanjing Red Sun Company, Resonance
Specialties Limited, Shandong Luba Chemical Co., Ltd., Hubei Sanonda Co.,
Ltd., Chang Chun Petrochemical Co., Ltd., Koei Chemical Co., Ltd.
|
Customization
Scope
|
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report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
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Purchase Options
|
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Delivery
Format
|
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version of the report in PPT/pdf format on special request)
|