Agrochemicals are designed to protect crops from insects, diseases, and weeds. It has been a major contributor in making any country self-reliant in food production. The use of agrochemicals primarily aims to ensure abundant food supply for humans, but it may have a negative impact on soil biological activity and diversity through direct or indirect actions. According to reports, the global agrochemical market size is estimated to grow from US $243.55 billion in 2023 to US $296.32 billion by 2028, at a CAGR of 4%. It is estimated that annual crop losses could double without the use of crop protection products. Food crops must compete with 30,000 species of weeds, 3,000 species of nematode,s and 10,000 species of plant-eating insects. Agrochemicals are the last and one of the key inputs in agriculture for crop protection and better yield.

India's chemicals logistics industry is witnessing phenomenal growth due to rising domestic consumption, increased exports, and the country's favorable geography for freight transportation. India is the third-largest producer of chemicals in Asia and sixth largest in the world, contributing around 3% of India's GDP. The market size of the Indian chemicals industry is expected to grow from US$ 220 billion in 2022 to US$ 800 billion -1 trillion by 2040, reflecting a massive growth opportunity.

The Indian Chemical Industry is projected to grow by 11 to 12 percent during 2021–27 and by 7 to 10 percent during 2027–40, thereby tripling its global market share by 2040. This growth is expected to be driven by the rising domestic consumption. India is expected to account for more than 20 percent of incremental global consumption of chemicals over the next two decades. Domestic demand is expected to rise from $170 billion to $180 billion in 2021 to $850 billion to $1,000 billion by 2040. The chemical industry is a very wide definition of a large group of industries with very different products, from plastics and organic acids to fertilizers, drugs, and pesticides.

Inspiring the journey towards achieving growth, self-reliance and the vision to develop a trillion dollar Chemical and Petrochemical industry in India in less than two decades, Indian Chemical News, the most credible digital media platform for Chemicals, Petrochemicals and allied sectors, brings the 3rd edition of what is now ‘the most sought-after calendar event of the year,’ for the industry: The NextGen Chemicals & Petrochemicals Summit 2023. The theme of this year’s summit is "Innovation, Self-reliance & Sustainability.” The event is scheduled on July 13-14 2023 at Novotel Mumbai International Airport, Mumbai.

Agrochemicals have been a major contributor in making any country self-reliant in food production. I... Read More: https://www.indianchemicalnews.com/webinarpast

Digital technologies are a key enabler to drive transformation of Chemicals and Petrochemicals businesses. Chemical plant digitalization can help address the challenges of enabling the circular economy and achieving sustainability goals with focus on business expectations. The webinar will introduce AVEVA's unique value proposition and solutions to drive a holistic approach towards adopting a digital infrastructure and help leverage industrial information for sustainable, efficient Chemical and Petrochemical plant operations and to drive digital transformation. Industry experts will be sharing their experience & digital strategy with respect to chemical and petrochemical.

Global chemicals logistics market was valued at over US $ 265 billion in 2021 and is projected to be worth over US$ 371 billion by 2030, growing with 4% CAGR. As for the global chemical industry, the market size is currently valued at around US$ 4.5 trillion. This puts the chemical logistics market at approximately 6% of the global chemical industry market size. At the same time, India's chemical industry is potentially looking at US $ 1 trillion market size in the next decade. According to the Government figures, the chemical sector will become US $ 304 billion industry by 2025, growing at CAGR of over 9% from US$ 178 billion in 2019. Although there is lack of credible data on chemical logistics market size in India but looking at the global numbers and the higher transportation cost in the country, Indian chemical logistics' current market size can be estimated in the region of US$ 15 billion, and potentially US$ 70-75 billion market in the next decade. Be it short, medium or long term, outlook for the Indian chemical industry remains strong driven by an underserved domestic market, shifts in consumer demand and new technologies.

Cement companies face challenges in maintaining product quality when their product needs to be blended with third-party additives to achieve a predictable and consistent result. The calculations required to blend the chemical characteristics and mining parameters necessary to extract material from the mine with keeping the cost of third-party raw materials to a minimum, and at the same time maintaining a consistent, quality product are usually a struggle. Frequently those calculations are completed in a spreadsheet or by guesswork resulting in excess additive cost and an increase in product variability.

The NextGen Chemicals & Petrochemicals Summit organized by Indian Chemical News is evolving as one of the leading knowledge exchange platform for experts and thought leaders to share success stories which will help transform the industry in preparing the future roadmap. The Virtual Summit also offers an ultimate learning experience and provides unrivalled idea exchange opportunities for all global and local participants.

The Indian chemical industry is projected to grow from US $ 178 billion in 2019 to US $ 304 billion by 2025, growing at approx. 9% p.a. during this period. The chemical and petrochemical industry is anticipated to attract new investments in excess of US$ 100 billion. This is all set to transform the Indian chemical industry landscape and make the country self-reliant in this critical area that covers more than 80,000 commercial products.