nav Searchuser
Maxunitech Inc.
Beijing Multigrass Formulation Co., Ltd.

Favourable export climate buoys crop protection chemicals market in Indiaqrcode

Dec. 17, 2008

Favorites Print
Forward
Dec. 17, 2008
India is finally poised to compete at par with China, despite the latter's low-priced goods, as Chinese production costs are on a rise. The consistent supply and value gain over Chinese manufacturers in the export market and emerging application segments have seen the Indian crop protection chemicals market break out of a slump and garner substantial revenue.

These facts emerged from Frost & Sullivan's latest analysis 'Indian Crop Protection Chemicals Market' - a part of its Chemicals & Materials Growth Partnership Services programme. According to the analysis, the market earned revenues of $ 1.62 billion in 2007 and estimates that it will reach $ 2.6 billion in 2014.

V Chaitra Narayan, senior research analyst, Frost & Sullivan, said, "The per capita consumption of pesticides in India is still very low compared to the developed countries and manufacturers need a smart 'get to market' strategy to achieve better reach and acceptance of products. The demand will also be driven by the rising food grain demand and increasing awareness about pesticide usage among the farmer community."

The Indian market appears lucrative for all types of manufacturers, considering there is no clear market leader, as even the company with the maximum revenues has only 1 per cent of the market share. To maintain their stakes in the market, chemicals manufacturers have to align their products with the agriculture cycle and provide holistic solutions with innovative products. Process improvisation is expected to improve profit margins and help companies gain a greater influence on the export market.
Source: Infomedia

Picture 0/1200

More from AgroNews

Sichuan Lomon Bio Technology Co., Ltd.

Magazine

2019 India Pesticide Suppliers Guide 2019 Latin America Focus
2019 Formulation & Adjuvant Technology Annual Review 2018
Chinese issue of Annual Review 2018 Chinese issue of 2018 Market Insight
Subscribe Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.