The globalization of the agrochemical industry has a major impact on the Indian market. High population growth rates and growing needs for food production and economic growth are driving the market for pesticides forward. Ambitious food security projects can only be achieved by improving product performance and productivity for which available resources are scarce. Land shortages due to urbanization, soil degradation, water scarcity, etc. make the use of pesticides more important to sustain. Export potential and integrated agricultural practices will provide future growth opportunities. Low awareness of the agricultural community and low levels of acceptance of modern agricultural practices are major challenges for the industry.
A full report of India Agrochemicals Market available at https://www.orionmarketreports.com/india-agrochemicals-market/56350/
Key Players in the Indian Agrochemicals Market
The market in India is highly dominated by the foreign players. Bayer AG is the largest agrochemical producer in the world. Some of the big names include Yara International ASA, BASF, Bayer Crop Science, MakhteshimAgan Industries Ltd, Dow Agro Sciences, Monsanto, Syngenta, Aventis, Agrium etc. Lallemand Inc., ArystaLifeScience (Japan) and Sinofert Holdings Limited (China). Indian Farmers Fertiliser Cooperative, National Fertilizers Limited, Rashtriya Chemicals and fertilizers Ltd.Zuari Agro Chemicals, Nagarjuna Fertilizers and Chemicals Limited, and Coromandel International Limited are some of the big local companies operating in the Indian sub-continent. Companies here need to focus and strengthen their supply chain strategies to improve distribution and reach in the country.
India Agrochemicals Market: Segmentation
By Fertilizer Type
• Nitrogen fertilizer
• Phosphatic Fertilizer
• Potassic Fertlizer
By Pesticide Type
• Fungicides
• Herbicides
• Insecticides
• Others
By Crop Type
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
