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India Agrochemicals Market- By Type, Application and Geography-Market Shares, Forecasts And Trends (2015 – 2020)

Asia-Pacific accounts for almost 30% of land available on earth and 60% of human population. Population statistics in the region have been responsible for maintaining adequacy in agricultural practices, ensuing in greater utilization of agrochemical products in areas that were ignored in the past. Embracing the modern practices in the fields, usages of agrochemicals have seen tremendous growth particularly for pesticides and fertilizer consumption. India is the second biggest consumer of agrochemical products in the world next only to China. With its highest population density, the agrochemicals market in India is estimated to grow at a rate of 6.8% from 2015-2020. Globalization of agrochemical industry has a huge impact on the Indian market. With the high rate of population growth, increasing need of food production and economic growth, the market for agrochemicals get pushed ahead.. The ambitious project of food security can only be achieved only through improved product performance and productivity with scarce resources available. Land scarcity due to urbanization, soil degradation, water scarcity etc. makes it more essential for the farmers to use agrochemicals to sustain. Export potential and Integrated Farming Practices would provide future growth opportunities. Low awareness among farming community and their low acceptance level to the modern day farming practices act as major challenges for the industry. In product segment, nitrogenous fertilizers form the largest share of fertilizer market. Pesticides market is currently lead by herbicides products followed by fungicides and insecticides. The market is further segmented application wise as crop based such as cereals, grains, oilseeds, and vegetables and non-crop based applications. 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. and ArystaLifeScience (Japan), Sinofert Holdings Limited (China) are some of the big local companies operating in the region. Indian Farmers Fertiliser Cooperative, National Fertilizers Limited, RashtriyaChermicals 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. In this report we offer • Market analysis for the India Agrochemicals Market, with region specific assessments and competition analysis on global and regional scales. • Market definition along with the identification of key drivers and restraints • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale • Extensively researched competitive landscape section with profiles of major companies along with their market shares • Identification and analysis of the macro and micro factors that affect the India Agrochemicals Market on both global and regional scales • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Published By: Mordor Intelligence
Published Date: Q1 2016

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