Building forms with Formik in React

Building forms in React can be complex and verbose, as it requires manually setting up state, handling user inputs, and creating validation and submission methods. Formik is a library created by Jared Palmer to simplify this process by standardizing input components and the flow of form submission, thereby reducing boilerplate code and making form building more efficient. It automates state management for form values and validity, and provides components like `<Formik>`, `<Form>`, `<Field>`, and `<ErrorMessage>` to streamline the handling of form data. Formik also integrates with Yup, an object schema validator, to simplify validation processes further. Compared to traditional React forms, Formik requires much less code and effort, offering enhanced user experience features such as loading indicators during submission. It addresses some limitations of alternatives like redux-form, which can be cumbersome and inefficient for form management in React applications.