In recent years the agrochemical industry has significantly transformed the agricultural landscape in India, giving farmers better yield and crop protection, year after year. Agrochemicals largely include insecticides, herbicides, fungicide and bio stimulants.
Even though the agrochemical industry in India has made substantial progress in recent years, is far from reaching its full potential. The sector is expected to grow at a CAGR of 8 percent per annum to become a Rs 180 billion entity by 2017-18. Despite this impressive growth, it continues to face multiple bottlenecks. For one, the Indian agrochemical market is highly fragmented, and intense competition between organised