Agrochemical Market in India 2016-2020
|発行||TechNavio (Infiniti Research Ltd.)||商品コード||347443|
|出版日||ページ情報||英文 92 Pages
インドの農薬市場は予測期間中に9%以上のCAGRで安定して成長すると予測されています。農薬を購入するために信用機関を利用できることは、同市場の主要な促進因子となっています。作物保護の新たな手法としての総合ペスト対策 (IPM) の実行も、インドの農薬市場の成長を促進する要因となっています。
Technavio's research analyst predicts the agrochemical market in India to grow steadily at a CAGR of over 9% during the forecast period. Availability of credit facilities to purchase agrochemicals is the primary driver for the market. The government of India has initiated several policy measures to enable farmers to gain access to credit facilities. These policies emphasize in providing timely and adequate credit support to all farmers. The Indian government has been focusing mostly on small and marginal farmers and the weaker sections of the society, to enable them to adopt modern technology and improved agricultural practices, thereby increasing agricultural production and productivity.
The implementation of integrated pest management (IPM) as a new method of crop protection is another trending factor driving the growth of the agrochemicals market in India. The IPM method is a sustainable approach to pest management that combines biological, mechanical, physical, and chemical methods. These methods are executed in three stages, namely prevention, observation, and intervention.
The insecticides segment held the largest share of the agrochemicals market in India during 2015, with a market share of around 56%. The increasing demand for insecticides is driving vendors to consistently enhance their product portfolios through new product launches and by increasing their production capacity. The dominance of this segment is expected to continue over the next five years.
The agrochemicals market in India is dominated by international players who are increasingly expanding their footprint in the market, making it difficult for regional providers to compete with them, especially in terms of features such as quality, technology, and price. The market is expected to witness a lot of mergers and acquisitions over the next five years, wherein regional or local players will be acquired by, or merged with international vendors.
The leading vendors in the market are -
The other prominent vendors in the market include Dhanuka, Dow Agroscience, Dupont, and Insecticides India.
Technavio's market research analysts highlight upcoming trends such as the introduction of biopesticides, which offer an ecologically sound and effective solution to pest problems. Biopesticides are less harmful and pose less of a threat to the environment and human health.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the agrochemicals market in India. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.