Report Overview

India Pesticides Market - Industry Trends & Forecast Report, 2028

India Pesticides Market was at USD 24.9 billion in 2021 and during the forecast period between 2022 and 2028, the size of India’s Pesticides Market is projected to grow at a CAGR of 7.4%, to reach a value of USD 4.08 billion by 2028. In the next five years, the Indian pesticides industry is expected to increase at a moderate pace. Pesticides have been increasingly important in recent decades, driven by the need to improve total agricultural production and provide adequate food availability for the country's rapidly growing population. As a result of rising urbanization, the total usable arable land per capita has decreased in recent years is likely to continue to decline in the coming years. Food demand is predicted to continue to rise in the coming years, owing to rising population levels. As a result, such factors are expected to drive demand for these pesticides to improve yields, thereby benefitting the market growth.

India Pesticides Market

Crop protection chemicals are a type of agrochemical used to keep crops safe from insects and pest infestation. Herbicides, insecticides, fungicides, nematicides, molluscicides, and other modes of action are separated from the market by mode of action (herbicides, insecticides, fungicides, nematicides, molluscicides, and other modes of action), origin (synthetic and bio-based), and application (grains and cereals, oilseeds, fruits and vegetables, commercial crops, and other applications) Synthetic pesticides have been widely utilized in India to combat the estimated 45% gross loss of crops owing to pest and disease infestations. To note, in India, the bio pesticide industry is predicted to develop at the fastest rate when compared to synthetic chemicals. During the projected period, the bio pesticide segment is expected to rise by double digits.

Bio pesticides more widely used

Bio pesticides are becoming more popular in India as they are less toxic (as compared to regular synthetic pesticides). In contrast to broad-spectrum conventional pesticides, which can harm other organisms, bio pesticides typically affect just the target pest and closely related organisms. Increased public awareness about the potential negative environmental impacts of synthetic plant protection goods and chemicals has prompted a search for pest control technologies and solutions based on biological processes. The Indian government has implemented Integrated Pest Management Practices (IPM), with a focus on bio pesticides and plant-based insecticides such as neem formulations.

Growth Drivers

Increasing focus on food security

Increased demand for food grains, limited availability of arable land, increased exports, growth in horticulture and floriculture, and increased public awareness about pesticides and bio pesticides are all major factors driving India pesticides market. It is projected to benefit greatly from government attempts to provide financing to farmers in rural areas. Farmers are likely to use more pesticides to increase crop yields as agricultural loans become more widely available and have lower interest rates. In a nutshell, farmers are becoming more conscious of pesticides because of both government and private initiatives.

Restraints

Farmers' lack of knowledge and high cost of bio pesticides

The expensive bio pesticides as well as a lack of information among farmers may stymie India pesticides market expansion. In India, there is a low acceptance rate due to a lack of information about the technical aspects of using bio pesticides. Even though the federal government has issued various rules, several state governments have failed to produce detailed guidelines for executing these policies. The market's growth is also hampered by a lack of competent accreditation, certification bodies, sufficient infrastructure facilities, and distribution marketing channels.

Impact of COVID -19 on India Pesticides Market

Due to supply chain interruptions, pesticides market was affected during the COVID-19 pandemic. Due to the alarming increase in COVID-19 cases, manufacturing and shipping limitations were imposed, causing major supply chain disruptions and delivery delays. Stock shortages may also stymie sales and slow the industry's expansion. To avoid virus transmission and balance costs, producers use decreased capacity, automated manufacturing procedures, part-time shifts, and enhanced sanitization. This element could help the market advance during the pandemic.

India Pesticides Market

Segmental Coverage

India Pesticides Market - By Type

The market has insecticides, fungicides, herbicides, and other segments based on the product type.

India Pesticides Market - By Formulation

On basis of formulation, India pesticides market is divided into liquid pesticides and dry pesticides.

India Pesticides Market - By Crop Type

By crop type, India pesticides market is segmented into Cereals, Fruits, Vegetables, Plantation Crops, and Others.

India Pesticides Market – By Region

The agriculture industry employs about half of the country's workers. Manufacturing and services sectors have increased their contributions to economic growth in recent decades, while agriculture's share has declined from more than 50% of GDP in the 1950s to 15.4% in 2015-16. (At constant prices). Worth noticing, India ranks among the leading producers of wheat, rice, pulses, sugarcane and cotton. It produces the most milk and is the second-largest producer of fruits and vegetables. In 2013, India produced 25% of the world's pulses, the most of any country, 22% of rice, and 13% of wheat. It also accounted for nearly a quarter of the entire amount of cotton produced, as well as being the second-largest cotton exporter for several years. The research study analyzes India pesticides market by state. Among states, Punjab holds the highest market share in India pesticides market.

Competition Landscape

The Indian crop protection chemicals market is fiercely competitive, with Bayer AG, UPL Limited, BASF SE, and Rallies India Limited all holding significant market share. Other prominent players include Dhanuka Agritech Ltd., Insecticides India Ltd., Bharat Group, UPL Ltd., Sumitomo Chemical Co. Ltd., Meghmani Industries Ltd., and PI Industries Ltd. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Development

• In February 2022 - UPL received authorization to distribute Flupyrimin, a rice insecticide, in India, after obtaining a license from Meiji in Japan.

• In 2022 - FMC India announced that it would commercialize Corprima, a new pesticide. FMC's Rynaxypyr insect control technology is used in Corprima to protect crops from fruit borers, which are a major worry for Indian farmers.

Scope of the Report

By Type

• Insecticides

• Fungicides

• Herbicides

• Others

By Formulation

• Liquid

• Dry

By Crop Type

• Cereals

• Fruits

• Vegetables

• Plantation Crops

• Others

By State

• Punjab

• Rajasthan

• Maharashtra

• Uttar Pradesh

• Haryana

• West Bengal

• Karnataka

• Gujarat

• Madhya Pradesh

• Assam

• Andhra Pradesh

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. India Pesticides Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Recent Development/Technological Advancement
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. India Pesticides Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Insecticides
         2. Fungicides
         3. Herbicides
         4. Others
      2. By Formulation
         1. Liquid
         2. Dry
      3. By Crop Type
         1. Cereals
         2. Fruits
         3. Vegetables
         4. Plantation Crops
         5. Others
      4. By State
         1. Punjab
         2. Rajasthan
         3. Maharashtra
         4. Uttar Pradesh
         5. Haryana
         6. West Bengal
         7. Karnataka
         8. Gujarat
         9. Madhya Pradesh
         10. Assam
         11. Andhra Pradesh
         12. Others
6. Punjab Pesticides Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Formulation
      3. By Crop Type
7. Rajasthan Pesticides Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Formulation
      3. By Crop Type
8. Maharashtra Pesticides Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Formulation
      3. By Crop Type
9. Uttar Pradesh Pesticides Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Formulation
      3. By Crop Type
10. Haryana Pesticides Market Overview
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Formulation
       3. By Crop Type
11. West Bengal Pesticides Market Overview
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Formulation
       3. By Crop Type
12. Karnataka Pesticides Market Overview
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Formulation
       3. By Crop Type
13. Gujarat Pesticides Market Overview
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Formulation
       3. By Crop Type
14. Madhya Pradesh Pesticides Market Overview
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Formulation
       3. By Crop Type
15. Assam Pesticides Market Overview
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Formulation
       3. By Crop Type
16. Andhra Pradesh Pesticides Market Overview
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Formulation
       3. By Crop Type
17. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share/Ranking Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Competitive Benchmarking, By Product Offering
    5. Distribution Channel Strategy
    6. Key Strategic Developments
       1. Mergers & Acquisitions
       2. New Product Launch
       3. Joint Ventures
       4. Partnerships
       5. Others
18. Pricing Analysis
    1. By Type
       1. Insecticides
       2. Fungicides
       3. Herbicides
       4. Others
19. Impact of COVID on India Pesticides Market
    1. Future Impact
    2. Key Developments during COVID-19
    3. Impact on Market
       1. Different Scenario
       2. Impact on Companies
       3. Impact in the Indian Market
20. Market Entry Strategies
21. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, SWOT Analysis and Strategic Outlook) *
    1. Dhanuka Agritech Ltd.
    2. Insecticides India Ltd.
    3. Bharat Group
    4. BASF SE
    5. UPL Ltd.
    6. Rallis India Ltd.
    7. Sumitomo Chemical Co. Ltd.
    8. Bayer AG
    9. Meghmani Industries Ltd.
    10. PI Industries Ltd.
    11. Others

22. Key Strategic Recommendations