India Agrochemicals Market Outlook Growing Demand for Food Production Driving the Market
Summary
New York, NY, September 20, 2014 --( Increasing demand for food production, coupled with efforts to prevent loss of crops due to non-use of pesticides, is driving the agrochemicals market in India.Agrochemicals, which form a major division of the chemical industries in India, refer to a broad range of pesticides, including insecticides, herbicides and fungicides.Government initiatives to increase minimum support price (MSP) for farmers and various schemes for short term crop loans help provide credit facilities to buy the relatively expensive agrochemicals.However, lack of knowledge regarding proper usage of agrochemicals, presence of spurious pesticides and rising environmental concerns are impediments to the growth of the industry in India.Government initiatives to increase minimum support price (MSP) for farmers and various schemes for short term crop loans help provide credit facilities to buy the relatively expensive agrochemicals.
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