The Indian economy is known to be based largely on agriculture. In fact, the agricultural sector employs about 50% of the Indian workforce, contributing 17% to the GDP of the country. Even though India suffered problems of food deficit in the past, the Green Revolution in the 1970s turned India into a food surplus economy.
Agrochemical Industry In India
Agrochemical Industry In India
Neel Rao
Writes on Reitz India top quality forced draft fans &
Reitz India manufacturer of PA and SA fans
The Indian economy is known to be based largely on agriculture. In fact, the
agricultural sector employs about 50% of the Indian workforce, contributing 17% to
the GDP of the country. Even though India suffered problems of food deficit in the
past, the Green Revolution in the 1970s turned India into a food surplus economy.
Currently, not only are the domestic needs covered, but the exports of agricultural
goods have increased too. The agrochemical market in India is growing, driven by
the rising population and growing demand for food.
Statistics Regarding The Indian Agricultural Sector
The increment in the agricultural production of the country has taken place not only
in terms of volume but also variety.
India currently ranks 8th among the top agricultural exporters in the world, valued at
around $35 billion.
India holds the 2nd position globally in terms of agricultural production. With 150
million hectares of cultivated area, the production is valued at around $367 billion.
While India’s population grew by a little over 100% from 1975 to 2014, the
agricultural production of the country recorded a 1400% growth.
India records domestic pesticide consumption worth $2.77 billion and pesticide
exports worth $2.31 billion. Several Indian brands manufacture pesticides with
world-class formulations.
Next to the USA, Japan, and China, India holds the 4th rank in terms of pesticide
production globally.
The Agrochemical Segments
Agricultural production in India has been greatly boosted through the use of crop
protection chemicals. These chemicals not only protect the crops but also increase
the overall productivity. About 53% of the domestic market of crop protection
chemicals consists of insecticides, followed by herbicides, fungicides at the rest.
Currently, herbicides boast of the fastest-growing market. Most of the crop
protection chemicals are used in the production of cotton and rice.
Although the agrochemical industry has certainly grown quite well, there is still
potential for further growth. While the global consumption of pesticides is 3 kg/ha
on average, that in India is 0.65 gm/ha. Currently, the agricultural sector in the
country suffers heavy losses due to diseases and pests. It shows the need for further
use of pesticides, herbicides, fungicides, and other chemicals during production,
storage, and transport.
The main reason for the growth of the agrochemical industry is the increasing
demand for food. With per capita available arable land decreasing, the need for
increased crop productivity per unit of land is on the rise. The government too is
encouraging the application of decontrolled fertilizers and helping the agrochemical
industry grow through new policies.
Export Prospects For The Agrochemical Industry
Even though India has sophisticated technical and formulation research capabilities
for pesticide production capabilities, they are under-utilized. Further investment in
the sector would greatly improve export potentials. With the US-China trade war
going on, India would be able to become a major source for agrochemicals globally.
Usage Of Industrial Fans In Agro-Chemical Industry
Industrial centrifugal fans are one of the key equipment in the agro-chemicals
manufacturing process. The main equipment used in the agro-chemical industries
are reactors, main storage tank, storage vessels, day tanks, pumps, heat exchangers,
distillation columns, driers and cooling towers. Industrial centrifugal fans are used
for performing a variety of functions in the chemical processing plants including
helping in the combustion process, to convey the raw materials to the reactors and
pollution control equipments. Industrial process fans not only provide ambient
conditions for people to work in the factory by reducing the heat and humidity levels
but also help to create a healthy atmosphere as they send fresh air, remove
pollutants, air contaminants, smoke, and reduce offensive odors.
About REITZINDIA
Reitz India has set a benchmark to deliver high quality fans for heavy duty industries
which can work at precise operating conditions like high temperatures and pressures.
Reitz offer idealistic Centrifugal Fan and Centrifugal blower design that can be used in
all large scale process industries like cement, iron & steel, power plants, fertilizers/
chemicals and more.
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