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Agrochemicals Market in India 2014, New Report Launched

Agrochemicals Market in India 2014 report describes the dynamics of agrochemicals usage in this country. Agrochemicals, which form a major division of the chemical industries in India, refer to a broad range of pesticides, including insecticides, herbicides and fungicides. India is one of the largest producers of agrochemicals in the world.

The domestic market is primarily driven by insecticides, followed by herbicides and fungicides. Low manufacturing costs and availability of process technologies attract multinational companies to form strategic alliances with agrochemical companies in India, resulting in transfer of technology and sharing of knowledge.

Demand for agrochemicals in India is driven by the need to increase farmland productivity and prevent loss of crops from pest attack. Government initiatives to increase minimum support price (MSP) for farmers and various schemes for short term crop loans help provide credit facilities to buy the relatively expensive agrochemicals.

However, lack of knowledge regarding proper usage of agrochemicals, presence of spurious pesticides and rising environmental concerns are impediments to the growth of the industry in India. That is why, Integrated Pest Management, genetically modified seeds and biopesticides have emerged as sustainable means to protect crops in the future.

Spanning over 78 pages “Agrochemicals Market in India 2014” report Covering Executive Summary, Macroeconomic Indicators, Introduction, Market Overview, Import and Export, Drivers and Challenges, Government Initiatives, Competitive Landscape, Strategic Recommendations, Appendix. This report Covered Companies are – Aditya Birla Chemicals (India) Ltd., BASF India Ltd., National Fertilizers Ltd., PI Industries Ltd., Rallis India Ltd., UPL Ltd., Gharda Chemicals Ltd., Heranba Industries Ltd., Rhodia Specialty Chemicals India Ltd., Sajjan India Ltd.

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