bharatbook
Well-Known Member
The agrochemicals industry is a significant industry for the Indian economy. India has to ensure food security for population of 1.21 billion while facing reduction in cultivable land resource. With increasing population, demand for food grains is increasing at a faster pace as compared to its production. This necessitates the use of pesticides. Online Market Report
Moreover, every year, significant amount of crop yield is lost due to non usage of crop protection products. So the industry is bound to experience healthy growth rate in the years to come.
India is the fourth largest producer of agrochemicals globally, after United States, Japan and China. The Agrochemical Industry accounts for ~2% of the total Indian Chemical Industry.
Trends in the Industry
• Development of environmentally safe pesticides
• Focus on brand building
• Increasing M&A
• Increasing focus on improving agricultural output
• Technology trends
Moreover, every year, significant amount of crop yield is lost due to non usage of crop protection products. So the industry is bound to experience healthy growth rate in the years to come.
India is the fourth largest producer of agrochemicals globally, after United States, Japan and China. The Agrochemical Industry accounts for ~2% of the total Indian Chemical Industry.
Trends in the Industry
• Development of environmentally safe pesticides
• Focus on brand building
• Increasing M&A
• Increasing focus on improving agricultural output
• Technology trends