Emerging countries are key consumers of agricultural products, and agrochemicals have impressive growth rates in these countries. In Colombia, the use of chemicals has increased in the same proportion to the consumption of agricultural foodstuffs for the local market. At the end of 2010, food prices increased over xx.x percent; this increase resulted mainly from greater demand in emerging markets.
Openness to New Technologies
In 2010, Colombia signed the international model of the Green Revolution. This model is focused on rapidly adopting crop varieties that respond well to fertilizers and on improving the use of machinery, including controlled and mechanized irrigation, as well as packaging.
Colombian agricultural producers tend to adopt the latest products available on the market as well as top-of-the-line technologies. Producers are likely to adopt new crop protection chemical products when they are introduced in the market. They are constantly willing to try new technologies that might increase crop yields or protect crops from different plagues. Many producers within the market know how to manage new production methods and are aware of the importance of promoting new technologies as well as the benefits that may arise from these technologies. Therefore, producers always pay attention to new product releases.
This research service analyzes the agrochemicals market in Colombia, which is growing because of competent companies and new players entering the market. This service provides key market drivers and restraints, a competitive analysis, and revenue forecasting through 2017. Revenue is further broken down by herbicides, fungicides, and insecticides. Finally, detailed market engineering measurements are also included in this service. The base year for this research service is 2011.
Click for Report details:Analysis of the Crop Protection Chemicals Market in Colombia