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The India pesticide market size is forecast to increase by USD 549.34 million at a CAGR of 4.08% between 2022 and 2027. Market expansion hinges on several factors, notably the heightened adoption of herbicides, reflecting evolving agricultural practices. The surge in demand within India's agricultural sector amplifies market growth, driven by the need for effective pest management solutions. Additionally, the shrinking availability of arable land intensifies the urgency for efficient weed control measures to maximize crop yields. These trends underscore the imperative for continuous innovation and investment in herbicides to meet the evolving needs of the agricultural industry amidst changing land dynamics.
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This report extensively covers market segmentation by crop type (cereals and grains, vegetables and fruits, oilseeds and pulses, commercial crops, and others), product (herbicides, insecticides, fungicides, and others), and type (synthetic pesticides and biopesticides). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The Indian Pesticides Market thrives on combating various agricultural threats like insects, weeds, fungi, rodents, and birds, safeguarding crop yields, and ensuring agricultural productivity and food security. Trends include increased adoption of training initiatives and innovative pesticides to minimize crop damage and enhance the yield of produce. Challenges encompass regulatory scrutiny on pesticide substances, environmental concerns, and the need for sustainable pest management practices amidst evolving food demands and demographic shifts, including rising urbanization levels and population levels, alongside ensuring access to credit facilities and farm loans for farmers. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increased use of herbicides is notably driving market growth. Herbicides have widespread applications across different types of crops, including cereals, grains, fruits, vegetables, oilseeds, and pulses. 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. Companies are investing heavily in the development of new categories of herbicides that are more effective and environment-friendly. They are expanding their product portfolio by launching new variants of herbicides.
For instance, in January 2020, FMC announced the launch of a new herbicide named Authority Edge. It has already received the US Environment Protect Agency (EPA) registration for use in the cultivation of soybeans, sunflowers, and dry-shelled peas, including chickpeas. Therefore, such product launches will boost the market growth during the forecast period.
The introduction of integrated pest management is an emerging trend in the market. Pest control accounts for 35% of a farmer's crop production costs, and pests cause agricultural losses of 11%-32%. Pesticides play a significant role in controlling pests. However, the rising resistance of many pests to pesticides and concerns over the environmental and health impact of pesticides has led to the reduced use of chemical pesticides. The integrated pest management approach involves specific procedures for the elimination of pests in an agricultural environment. This approach aims at creating an inhospitable environment for pests using strategies such as systemic resistance and proper operational design.
Moreover, integrated pest management is an integration of multiple control methods involving inspection, monitoring, and reporting. Pesticides are applied only during the ideal conditions of a pest lifecycle. Furthermore, pest control chemicals are used strategically by aiming at minimizing the risks to the environment and human health as well as non-targeted and beneficial organisms. Hence, these factors are expected to drive the market growth and trends during the forecast period.
The growing concerns related to health risks are major challenges impeding the market growth. Farmers and their families are prone to diseases due to exposure to conventional pesticides. The exposure to higher levels of pesticides among farmers increases their risks for cardiovascular diseases by 40%, for leukemia and lymphoma by 80%, and for prostate cancer among male farmers by 136%. In addition, children exposed to pesticides are twice as likely to develop brain cancer than others.
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, these factors are expected to have a negative impact on the market during the forecast period.
Customer Landscape
The market analysis and report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Bharat Group - The company offers organic pesticides, organic biostimulants, hydroponic inputs, and home gardening solutions. The key offerings of the company include pesticides such as Karanj Oil and others.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market thrives on combating various pests such as insects, weeds, fungi, rodents, and birds to safeguard agricultural productivity and ensure food security. Addressing issues like blemishes and crop damage, the market supports training initiatives to educate farmers on effective pesticide use. Substances targeting pests in plants and animals mitigate crop damage and enhance the yield of produce to meet food demands. Amidst demographic shifts and increasing urbanization levels, access to credit facilities and farm loans sustains the agricultural sector, driving continuous growth in the market.
The market share growth by the cereals and grains segment will be significant during the forecast period. The increasing consumption of cereals and grains by people in India and the increased demand for safe cultivation methods accelerate the demand. Additionally, consumer acceptance and the consumption of protein-rich food have gradually increased over the years, owing to better yield, productivity, and superior quality products.
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The cereals and grains segment was valued at USD 762.13 million in 2017 and continued to grow until 2021. Crops such as rice, wheat, barley, and other cereals and grains crops form an essential part of the traditional diet of the people living in India. The demand for pesticides to grow these types of crops is high. The consumption of cereals and grains is high due to the favorable subsidies on agricultural and farm products. Also, the availability of pesticides in dry form, powdered form, liquid, and sprayable form has resulted in the increased demand for grains and cereals. The easy availability of raw materials and the availability of agrochemicals are the other major factors driving the consumption of pesticides in this segment.
Furthermore, the growing population in India, government initiatives such as the Public Distribution System (PDS), and the increasing focus on higher yields are other factors that are accelerating the demand in the grains and cereals application segment. Since cereals and grains are considered staple crops globally, they have an increased demand due to the rising global population. Therefore, such factors are expected to drive the growth of the grains and cereals segment in the market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest market trends and analysis, and growth opportunities from 2017 to 2027.
The market thrives on the demand for quality produce driven by large-scale farming to meet the needs of the expanding population. The Indian government incentivizes agricultural practices through schemes and subsidies, encouraging the judicious use of pesticides. The market caters to the demand for Indian agricultural produce while adhering to international standards with certified pesticides. Schemes promoting Quality Pesticides bolster exports, ensuring agricultural operations meet penetration levels and address identified pest problems. Amidst efforts to sustain food availability and combat pests and diseases, the market plays a vital role in enhancing average crop yields and supporting food demand in both rural and urban areas.
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Market Scope |
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Report Coverage |
Details |
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Page number |
151 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.08% |
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Market growth 2023-2027 |
USD 549.34 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.43 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Aimco Pesticides Ltd., BASF SE, Bayer AG, Bharat Group, CropG1 Agro Research and Development Pvt. Ltd., Dhanuka Agritech Ltd., Forward International Ltd., India Pesticides Ltd., Insecticides India Ltd., Meghmani Industries Ltd., NACL Industries Ltd., Netsurf Communication Pvt. Ltd., Rallis India Ltd., Sarvava Agritek Pvt. Ltd., Shree Pesticides Pvt. Ltd., Sumitomo Chemical Co. Ltd., Super Bio Tech Marketing Co., UPL Ltd., Volkschem Crop Science Pvt. Ltd., and Wellcrop Biotech Pvt. Ltd. |
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Market dynamics |
Parent market growth analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our market report has not included the data you are looking for, you can reach out to our analysts and get customized segments. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Crop Type
7 Market Segmentation by Product
8 Market Segmentation by Type
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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