India Agrochemical Market Report
The constant rise in population, the need for food and the drop in availability of arable land are the major factors influencing the growth of India’s agrochemical market.
Organic farming practices, shrinking in farms or land are limitations to the market. Hence, farmers are focusing more on agrochemicals to meet the increasing demand.
Recently, The government of India has proposed a bill to introduce safe and effective pesticides available for farmers. The draft bill proposes to empower farmers to avail of all the information regarding pesticides.
Also with rising in demand for nutritious food and health awareness is augmenting the growth of India’s agrochemical market.
According to the latest report, the Indian agrochemical market is expected to grow at a CAGR of 8 percent in the upcoming years.
Agrochemical is an ingredient or any substance that is used in the management of the agricultural ecosystem. Agrochemical comprises of fertilizers, pesticides, herbicides, soil conditioners, liming and acidifying agents.
The use of agrochemicals is one of the prominent aspects of modern agriculture that helps to preserve the quality of food and soil and to enhance crop supplies.
Scope of India Agrochemical Market Report
The report deeply studies the market by product type, application type, and key players operating in the market.
Product type classification includes:
Insecticides segment accounts for around 55 percent of India’s agrochemical market, whereas fungicides and herbicides account for 18 percent and 16 percent respectively.
The agrochemical market by application includes:
- Cereals & Grains
- Oilseed & Pulses
- Vegetables & Fruits
Key players covered in the report are:
- Indian Farmers Fertiliser Cooperative
- Potash Corporation of Saskatchewan
- Tata Chemicals
- Nagarjuna Fertilizers and Chemicals Limited
- Yara International
- National Fertilizers Limited
- Bayer Crop Science
- Adama Industries.
- Zuari Agrochemical Limited
- E.I. Du Pont De Nemours & Company
- Syngenta AG.
- Chambal Fertilizers
- Excel Crop Care Limited (Sumitomo Chemical)
- Arysta LifeScience (Japan)
- Deepak Fertilizers
- Coromandel International Limited
- Rashtriya Chemicals and Fertilizers Ltd.
- Dow Agrosciences
For more details and analysis, Check JSB Market Research’s India Agrochemical Market Report. The study analyses the market share of each region, company, and product. The report also entails challenges, threats, constraints, opportunities, and investment opportunities prevailing in the market. The report also covers SWOT analysis, Porter analysis, value chain analysis, industry trends and emerging technologies.