Govt policies, affordability, global warming to spur growth of agri inputs

Farm inputs such as fertilisers and pesticides are essential to the agriculture ecosystem and farmers' income, which govt wants to double by 2022

The agri input sector is likely to see significant growth, with fertilisers, pesticides and other products in this domain becoming more affordable and with government policies turning favourable. Global warming is also being seen as growth driver, as it increases the need for farm nutrients. 

The global fertiliser and pesticide market was estimated at $215 billion in 2016-17 with India’s share at about 12 per cent.

A PhillipCapital India Research report on agriculture inputs, prepared by Deepak Hasmukh Chitroda and Surya Patra, is bullish on the sector. The authors state in the report, “With visible structural growth, led by China’s