India Agrochemical Market is segmented by Product (Insecticides, Herbicides, Fungicides, Bio-pesticides), by Application (Cereals & Grains, Vegetables & Fruits, Oilseed & Pulses and Other) to grow with expected CAGR 8 %.
Increasing population, decreasing per capita availability of arable land has put immense pressure on the current available arable land for the food and nutritional needs of the population. India, being the second most populated country, needs plentiful of food to feed its everyday growing population attributed to these factors government is encouraging the use of the decontrolled fertilizers, new policies are launched to encourage maximum production of fertilizers. Weather changes, genetically modified (GM) crops, adverse currency movement and regulatory inactions are key risk of the market.
Insecticides segment held around 55 % share of the agrochemicals market in India.
India’s capability of low cost manufacturing, the availability of technically trained resources, seasonal domestic demand, overcapacity, better price realization, and a strong presence in generic pesticide manufacturing are the major factor boosting the insecticide segment growth.
Vegetable & fruits to grow at 4 % CAGR in India agrochemical market.
It has been observed that growth of horticulture production is higher than that of food grain production over last 10 years. In addition, highest increase in acreages & production happened in flowers, fruits & vegetables after soybean and contribution of fresh & processed fruits & vegetables in overall export is 2nd highest after cereals. Changing lifestyle and increasing expenditure on health and nutritional foods is further fuelling the market growth.
This report includes a study of marketing and development strategies, along with the portfolios of leading companies. It includes the profiles of leading manufacturers such as Bayer Crop Science, BASF, Potash Corporation of Saskatchewan, Yara International, Indian Farmers Fertiliser Cooperative, E.I. Du Pont De Nemours & Company, Adama Industries., Excel Crop Care Limited (Sumitomo Chemical), Syngenta AG., Arysta LifeScience (Japan), National Fertilizers Limited, Coromandel International Limited, Rashtriya Chemicals and Fertilizers Ltd., Zuari Agrochemical Limited, Nagarjuna Fertilizers and Chemicals Limited, Deepak Fertilizers, Tata Chemicals, Chambal Fertilizers and Dow Agrosciences.
Maximize market research, a market research firm with a dedicated team of specialists and data has carried out extensive research about the India agrochemical market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the India agrochemical market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing the market of our clients and at the same time explain India agrochemical market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “India agrochemical Market”.
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