The Indian market for agrochemicals is witnessing a huge growth, which is powered by many factors. In India which is one of the world’s major agricultural producers, the demand for agrochemicals is on therise. This is mainly due to the need to improve crop production and protection against pests and diseases. The main determinant of agricultural expansion is demographic growth, which leads to higher food consumption. Given the increasing number of residents, it is also certain that the demand of the food will continue to rise in spite of the situation when the land to grow crops is very limited. Pesticides and herbicides are the main agricultural products used for pest control, weeds and diseases which would otherwise cause wastage of crop yield by damaging the crops. Moreover, the dietary shift and changing tastes of consumers are also reshaping the demand for various crops, and farmers are now shifting to new farming methods and technologies. This includes the application of a wide range of agrochemicals which are being developed to increase the crop production and the quality.
Moreover, the increasing knowledge of agriculturalists about agrochemicals' benefits is also a factor for market growth. No longer do farmers turn a blind eye to pest management and sustainable agriculture, and they are taking advantage of technological innovations that enable them to manage their farms in a more customized approach. Similarly, government programs and proposals that help with the growth and increase of farm output are also of importance. The government subsidies, incentives and support programs are aimed at stimulating farmers to upgrade to modern farming methods and buy more agrochemicals.
In this issue, we acquaint you with the top startups from this field. After studying the industry landscapes in-depth, Industry Outlook has zeroed in on the top ones that have excelled with their meticulous approach. Having proven their dedication in order to meet the customer’s expectations in an end-to-end manner, these companies have stood out from the crowd.
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