Pesticide Market in India by Type and Crop Type - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71527
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The pesticide market share in India is expected to increase by USD 485.94 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.84%.

This pesticide market in India research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the pesticide market segmentation by type (herbicides, insecticides, fungicides, and others) and crop type (vegetables and fruits, oilseeds and pulses, cereals and grains, commercial crops, and others). The pesticide market report in India also offers information on several market vendors, including BASF SE, Bayer AG, Bharat Group, Dhanuka Agritech Ltd., Insecticides India Ltd., Meghmani Industries Ltd., PI Industries Ltd., Rallis India Ltd., Sumitomo Chemical Co. Ltd., and UPL Ltd. among others.

What will the Pesticide Market Size in India be During the Forecast Period?

Download the Free Report Sample to Unlock the Pesticide Market Size in India for the Forecast Period and Other Important Statistics

 

Pesticide Market in India: Key Drivers and Trends

The increased use of herbicides is notably driving the pesticide market growth in India, although factors such as growing concerns over health risks may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pesticide industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Pesticide Market Driver in India

One of the key factors driving growth in the pesticide market in India is the increased use of herbicides. Vendors are investing heavily in the development of new categories of herbicides that are more effective and environment-friendly. The shift in consumer preferences toward fruits and green vegetables, propelled by the rising awareness regarding health and fitness, fuels the use of herbicides in agricultural applications. Vendors are expanding their product portfolios by launching new variants of herbicides. Many industry players are developing bio-based herbicides that offer a clean and expensive solution for weed control.

Key Pesticide Market Challenge in India

The growing concerns over health risks will be a major challenge for the pesticide market growth in India during the forecast period. Farmers and their families are prone to diseases due to exposure to conventional pesticides. The exposure to higher levels of pesticides among farmers and their families increases their risks for cardiovascular diseases by 40%, for leukemia and lymphoma by 80%, and for prostate cancer among male farmers by 136%. Multiple chemical sensitivity (MCS), a medical condition characterized by the human body's inability to tolerate comparatively lower chemical exposure, is triggered by exposure to pollutants and certain chemicals. It is also known as environmental illness. Exposure to pesticides is the most common way of acquiring MCS, with symptoms like dizziness, cardiovascular problems, and muscle and joint pains. Thus, the rising concerns over the use of pesticides as well as their adulteration are expected to have a negative impact on the pesticide market in India.

This pesticide market in India analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Pesticide Market Vendors in India?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BASF SE
  • Bayer AG
  • Bharat Group
  • Dhanuka Agritech Ltd.
  • Insecticides India Ltd.
  • Meghmani Industries Ltd.
  • PI Industries Ltd.
  • Rallis India Ltd.
  • Sumitomo Chemical Co. Ltd.
  • UPL Ltd.

 

This statistical study of the pesticide market in India encompasses successful business strategies deployed by the key vendors. The pesticide market in India is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The pesticide market in India forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating Type Segments in the Pesticide Market in India?

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The pesticide market share growth in India by the herbicides segment will be significant during the forecast period. Vendors are investing heavily in the development of new categories of herbicides that are more effective and environment-friendly. The shift in consumers' preferences toward fruits and green vegetables, propelled by rising awareness regarding health and fitness fuels the use of herbicides in agricultural applications.

This report provides an accurate prediction of the contribution of all the segments to the growth of the pesticide market size in India and actionable market insights on post COVID-19 impact on each segment.

 

Pesticide Market Scope in India

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.84%

Market growth 2022-2026

$ 485.94 million

Market structure

Fragmented

YoY growth (%)

3.00

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BASF SE, Bayer AG, Bharat Group, Dhanuka Agritech Ltd., Insecticides India Ltd., Meghmani Industries Ltd., PI Industries Ltd., Rallis India Ltd., Sumitomo Chemical Co. Ltd., and UPL Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Pesticide Market Report in India?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive pesticide market growth  in India during the next five years
  • Precise estimation of the pesticide market size in India and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the pesticide industry in India 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pesticide market vendors in India

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Herbicides - Market size and forecast 2021-2026
    • Insecticides - Market size and forecast 2021-2026
    • Fungicides - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by Type

    Market Segmentation by Crop type

    • Market segments
    • Comparison by Crop type
    • Vegetables and fruits - Market size and forecast 2021-2026
    • Oilseeds and pulses - Market size and forecast 2021-2026
    • Cereals and grains - Market size and forecast 2021-2026
    • Commercial crops - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by Crop type

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • BASF SE
    • Bayer AG
    • Bharat Group
    • Dhanuka Agritech Ltd.
    • Insecticides India Ltd.
    • Meghmani Industries Ltd.
    • PI Industries Ltd.
    • Rallis India Ltd.
    • Sumitomo Chemical Co. Ltd.
    • UPL Ltd.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The pesticide market growth will increase by $485.94 million during 2021-2026.
    The pesticide market is expected to grow at a CAGR of 3.84% during 2021-2026.
    Technavio has segmented the pesticide market by type (Herbicides, Insecticides, Fungicides, and Others) ,other1 (Vegetables and fruits, Oilseeds and pulses, Cereals and grains, Commercial crops, and Others) , and geographic (APAC).
    BASF SE, Bayer AG, Bharat Group, Dhanuka Agritech Ltd., Insecticides India Ltd., Meghmani Industries Ltd., PI Industries Ltd., Rallis India Ltd., Sumitomo Chemical Co. Ltd., UPL Ltd. are a few of the key vendors in the pesticide market.
    APAC will register the highest growth rate of 100.00% among the other regions. Therefore, the pesticide market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the pesticide market growth are:
    • Increased use of herbicides
    The pesticide market vendors should focus on grabbing business opportunities from the herbicides segment as it accounted for the largest market share in the base year.
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