Agricultural Lubricants Market worth 2.48 Billion USD by 2022 Agricultural Lubricants Market Global Industry Res | Page 4

Agricultural Lubricants Market Global Industry worth 2.48 Billion USD by 2022 • India is the fastest growing market in this region as subsidies are provided by the Indian government to farmers to help them increase their agricultural output, and thus enable higher profits. This helps farmers in buying agricultural equipment, such as tractors and implements. India is the world’s largest producer of spices, jute, millets, and castor oil seed. It is also the second largest producer of wheat and rice, the main food staples in the world. • Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=262710114 • • High cost of synthetic and bio-based lubricants is a restraint in the agricultural lubricants market. These can be significantly expensive than mineral oil lubricants. Attracting small-scale farmers to use advanced agricultural equipment to increase farm yield is a challenge in the market. There is low awareness and less capital with small farmers who still follow the older farming methods. Call Now [phone] Email Sales: [email protected]