As we slowly emerge out of the pandemic, the need to secure food supply is set to be top priority for every nation. Consequently, we believe that the structural growth story of agrochemical industry remains intact led by a) rising domestic demand; b) substantial opportunity to explore products going off-patent in the next decade; c) stringent environmental norms in China, providing domestic players an edge and d) strategic tie-ups with global giants. Domestic industry expected to post 8-10% CAGR in the next few years...