Page 94 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Annual Report 2020-21

The flagship product - FOSSENCE® is a prebiotic dietary fibre Indian crop protection business is estimated to be
that promotes the growth of the gut microbiome which US$ 6 billion with exports at a higher growth rate
in turn has been known to positively impact digestive and than domestic business. Insecticides is the largest
immune health. segment in the domestic market and is equal to the
combined share of fungicide and herbicide. Cereals
The Company’s partnership with Indian and global academic and fruit & vegetables have a significant share of crop
institutions and research bodies, to further understand protection usage in the domestic market.
the gut microbiota and related health effects, is helping
the Company build a leadership position in this space. It Others
is gathering deep insights by using bio-informatics in gut
microbiota, with the development of accurate Proprietary Oilseeds 8%
Predictive (patent applied) models of microbiome response 6%
to interventions. 32% Cereals
The Company’s expertise in fermentation technology, Pulses 12%
Indian
enabling production using the whole-cell route, is also Crop Protection
opening up opportunities in other human nutrition Industry
segments. Strong application support, which enables
close coordination with the customer on new product Fibres 12%
development projects, provides a deep understanding of a
customer’s requirements.
30%
III. Agri Sciences
A World Bank research study estimated the impact of Fruits & Vegetables
Covid-19 on agriculture as (3.04)% and (1.29)% [Output
implications as % deviations from the benchmark]. The India market size of specialty fertilisers segment is
The report also estimates a modest growth of the crop estimated to be ` 10,000 crore consisting of organic
protection market compared to the previous year led by fertilisers, biostimulants, biofertilisers, watersoluble
Asia and North America. The agriculture inputs industry fertilisers, secondary and micronutrients. The segment
is being shaped by digital solutions to bring efficiency to is gaining popularity in India mainly on account of the
operations and help farmers make informed decisions, need to balance the distorted soil nutrient ratio and the
supported by big data and analytics. greater focus on the quality of agri-produce.
ii. Seeds
i. Crop Care
Genetically Modified seeds and conventional seeds
The global crop protection industry is estimated to be have almost an equal share in the global seeds market
US$ 60 billion with a Compounded Annual Growth which is estimated to be US$ 40 billion. Maize, Soy
Rate (‘CAGR’) of (0.9)% during FY 2015-19 depicting and Vegetables form approximately 75% of the global
the recovery cycle after hitting the peak in CY 2014. seeds market. Globally, the seeds industry is highly R&D
Major trends shaping the agrochemicals industry intensive with nearly 15% spend of the sales revenue,
are consolidation of players in crop protection space, but low in India due to lesser number of companies
stringent regulations and climate change. These that undertake biotechnology-supported research
trends are providing opportunities to develop activities. In India, the organised seeds market is
innovative solutions for sustainable agriculture estimated to be US$ 2.5 billion. Cotton supported by
involving the biological crop protection segment, BG II traits is the biggest crop, followed by hybrid maize
which is currently estimated at around US$ 1 billion. and hybrid paddy.

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