Agrochemical industry leaders and policymakers will be discussing its role in the future growth of the agriculture sector at the NextGen Chemical and Petrochemical Summit 2021 being organized by Indian Chemical News (ICN) from 7-8 October, 2021. Titled as ‘‘Agrochemicals: Doubling India’s exports/farmers’ income", the panel discussion will take place on the second day of the virtual summit. The main theme of the event is "Moving in the big league."

 

Please register as delegate for the NextGen Chemicals & Petrochemicals Summit 2021 by clicking on the link

 

Among the confirmed speakers on the panel are: Dr. Vishal Choudhary, Industrial Advisor, Department of Chemicals and Fertilizers, Government of India; Mr. R. G. Agarwal, Chairman, Dhanuka Group; Mr. Sagar Kaushik, President - Corporate & Industry Affairs, UPL Ltd.; Mr. N. K. Rajavelu, EVP & Business Head, Coromandel International Ltd.; Mr. Ravi Annavarapu, President, FMC India; and Dr. Archana Kumari, Deputy Regional Director, PMFAI. The session will be moderated by Viswanathan Rajendran, Partner, Kearney India.

 

The discussion will focus on topics: Likely Impact of Pesticides Management Bill 2020; Taking Advantage of China+1 Strategy for Agrochemicals; Doubling India's Exports; Indigeneous Manufacturing Expansion; Should the government introduce PLI Scheme to reduce import dependence; Expanding Basic Research and Intellectual Property Protection; Safe Production, Safe Usage, and Safe Processes; and Environmental Sustainability

 

The global agrochemical market size is estimated to grow from US $208.6 billion in 2020 and is projected to reach US $246.1 billion by 2025, at a CAGR of 3.4%, as per report by ResearchAndMarkets.com. 

 

The Asia Pacific agrochemicals market is estimated to grow significantly as the region has the highest rate of population growth, increasing the need for food production and economic growth. While the demand for food products is increasing in the developing countries of Asia Pacific and the available land mass for agriculture shrinking due to the increased effect of urbanization, propels farmers to use various agrochemicals to maintain soil health and increase land productivity.

 

India is the fourth largest manufacturer and the 13th largest exporter of agrochemicals to the world and the market has the potential to reach US $7.5 billion by 2026 from present market size of US $4.5 billion as the market is expected to grow at a CAGR of 8.6% between 2021 and 2026. 

 

India has certain inherent advantages. The per hectare consumption of agrochemicals is around 0.34 kg compared to 11.84 kg for the USA. This opens up huge opportunities in the domestic market. A large majority of Indian farmers are at the mercy of the monsoon and efficient use of agrochemicals can help improve yields. Around close to 25 per cent of the total crop produced in India are destroyed due to pest attack.

 

Exports have increased from US $3.4 bn in FY 2019-20 to US $3.6 bn in FY 2020-21, registering a growth rate of 6%. The industry needs to improve its product offering and not depend on generic molecules as only value addition can help drive exports to double digit. For this the focus should be on increasing the R&D quotient. 

 

The idea behind ‘NextGen Chemicals & Petrochemicals Summit 2021’ is to provide a premier forum for the high quality deliberations. Apart from offering insights from who’s who of the chemical and petrochemical industry, it will provide ample networking opportunities with industry experts and solution providers. With interactive branding opportunities available throughout the platform, partners can connect with their target audience from anywhere in the world. The participants can network with key decision makers from the chemical and petrochemical industry all under one roof with participation from CMDs, CEOs, MDs, and government officials.

 

The summit is supported by the leading names in the industry. Among the platinum partners are: AspenTech, Trend Miner, Elliot Group, and Tridiagonal Solutions. Featured as the gold partners of the event are: GPC, Ingenero, Durr, Evonik, Rieco, Premier Tech, and Agilent Technologies. Among the associate partners are: Meghmani Finechem, Huntsman, Solvay, Aarti Industries, Sajjan India, Godavari Biorefineries, and Carbanio. The industry partners of the event include AMAI, PMFAI, and CCFI.

 

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