Why Is India’s Agrochemical Market Growing So Fast?

The company eyes a larger share of the Indian crop protection market, estimated at Rs. 25,000 Crore.

Insecticides are not excluded from supply chain troubles that have challenged herbicides and so many other categories and industries worldwide.

UPL is hoping for a rebound in the current rabi season after a muted performance in Kharif.

Planted area for soybeans rise is Brazil and Argentina, but fewer pesticide imports, drought, and ongoing supply disruptions could jeopardize the harvest.

Growers in Argentina will be the first in the world to access this modern tool, following regulatory approvals, that replaces older chemistries.

Decision will deprive farmers of an insecticide commonly used on corn, soybeans, broccoli and other edible crops.

Colombia continues to be a key formulator for the region, while imported mixtures and concentrations grow in market share.

Agrochemical imports to Russia was expected to decline, mainly due to production shutdowns at major Russian trading partners in Europe, China, and Israel.

The country is at the final stage of approval of the maximum permissible levels for the residuals of chlorpyrifos and chlorpyrifos-methyl.