- Agrichemical (or
agrochemical), a contraction of agricultural chemical, is a generic
term for the various chemical products used in agriculture.
- The number of
steps and types of intermediates used in the synthesis of active
agrochemical substances varies widely.
- India is the
second largest producer of agrochemicals in Asia and is one of the
most dynamic generic pesticide manufacturers
in the world. Out of 145 pesticides registered in India, 85 of a
technical grade are locally produced. India is a global sourcing base
for generic agrochemicals.
agricultural chemicals market is estimated at USD 650 million and is
expected to grow 10 to 12 percent per year.
- The south Indian
State of Andhra Pradesh accounts for approximately 35 to 40 percent of
the total agrochemicals consumed in the
- There are an
estimated 30 major agricultural chemical manufacturers, and more than
600 smaller manufacturers in India.
- India is among
the fastest growing crop protection markets in the world.
- India is the
third largest producer and consumer of fertilizers in the world.
- Imports of
agricultural chemicals and their intermediates are expected to expand
due to the adoption of scientific and more modern methods of
cultivation to sustain the growing demand for food to feed the
manufacturing is highly dependent upon both oil and gas.
- In India and
Pakistan, 53% and 70% of total pesticides are consumed by cotton
- The use of
pesticides is particularly high in the case of cotton and paddy, which
account for about 45% and 25% respectively of the total pesticides
used in agriculture.
- The changing
global market environment, farmer awareness and knowledge, significant
development in research and development, and the role played by the
government has greatly affected the agrochemical industry.
- In recent years,
the Indian agricultural chemicals market has experienced a shift from
high volume low priced agricultural chemicals to low volume high
- The demand for
agricultural chemicals in India is seasonal and the fortunes of this
industry are dependent on the monsoon rains.
- The Indian
agricultural chemicals industry is currently characterized by a number
of small firms, particularly at the lower end of the technical
segment, while MNCs' and large corporations control nearly 75 percent
of the total market.
- Major Indian
companies in this sector are United Phosphorus, Rallis India, Excel
Industries, PI Industries, Hindustan Insecticides, RPG Life Sciences,
Modipon, Nagarjuna Chemicals, Voltas, Sudarshan Chemical Industries,
and Godrej Agrovet.
- The insecticides
market is highly competitive and developed with the presence of a
large number of players.
- Fungicides are
used at the most on 12% of the total area in Paraguay, which has the
highest rate of their application in the world.
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