Indian agrochemical industry to patagonia boots salereach USD7
Mumbai: Indian agrochemical industry is estimated at USD 4.25 billion in FY14 and is expected to grow at 12 13 percent per annum to reach patagonia better sweater womens vestUSD 7.5 billion by FY 19, sayspatagonia simple guide jacket a report.
Indian crop protection industry is estimated at USD 4.25 billion in FY14 of which 50 percent are exports. The crop protection industry has experienced strong growth in the past and is expected to grow further at 12 13 percent per annum to reach USD 7.5 billion by FY2018 19.
The industry is dominated by insecticides which contribute to 60 percent of the overall demand, followed by fungicides and herbicides which account for 18 percent and 16 percent of the demand respectively, Tata Strategic Management Group said in its Agro Chemicals report.
Tata Strategic Management Group and FICCI presented the report at the Fourth National Conference on Agrochemicals 2014.
The report highlights the changing food consumption patterns in India, demand patterns and future growth potential of crop protection industry in India, besides highlighting the need of agrochemicals to 插patagonia boots sale1入2overcome the challenges faced by domestic agriculture in ensuring food and nutritional security of the nation.
The report showcases the key imperatives for agrochemical companies, government and regulatory bodies to promote judicious use of genuine agrochemicals.
Annew patagonianouncing the findings of the 2014 report, Manish Panchal, Practice Head Chemicals Energy, Tata Strategic Management Group said, Agrochemicals play a critical role in ensuring food and nutrition security of the nation.
Lower per patagonia boots sale3hectare yield at 3 tonne/ha in India as compared to global average of 4 tonne/ha highlights the need of agrochemicals for Indian agriculture. In order to realise true potentiapatagonia atom sling 4 for salel, industry, government and regulatory bodies patagonia boots sale0need to work in tandem.
The report highlights that Indian agriculture sector is facing critical challenges like reduction in arable land, decreasing farm size, increasing pest attacks, low per hectare yield and a shift towards animal products consumption, all of which are leading to demand outpacing supply in the country s food chain.
Agrochemicals could play a significant role in overcoming this imbalance.
Indian crop protpatagonia everlong review q5ection market is supported by strong growth driverspatagonia everlong review wireless router. Current consumption of crop protection products in India at 0.6 kg/ha, is much lower than the world patagonia everlong review 935average of 3 kg/ha, the report said, adding that this offers immense opportunities for future growth.
According to report, the sector is also driven by opportunities for contract manufacturing and research for Indian players by leveraging the large scientific pool available in the country.
Despite the strong growth drivers, Indian agrochemicals industry faces challenges in terms of low awareness among farmers and rising sales of patagonia boots sale2non genuine products, it said, adding a collaborative approach by the industry, government and regulatory bodies is the need of the hour to rpatagonia kamala skirt quickealise full potential of agrochemicals industry.
