India Crop Protection Pesticides Market Outlook
The India Crop Protection Pesticides Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 4.6% during the forecast period, 2023 – 2031.
The growth of the market is attributed to the greater emphasis on large crop production to counter the food security in the country. The agricultural sector has made a huge progress in India due to regulatory interference for safe overall farming practices, culture, and safe farming.
Chemical crop protection products or also known as crop protection pesticides helps to control the fungi, diseases, insects, weeds, and various undesirable pests. It helps to control the diseases and pests that threaten the food supply. There are wide varieties of pesticides available in the market by manufacturers for both home and professional applications. It is highly regulated among all as crop protection pesticides.
The regulatory framework of the crop protection pesticides undergo with different regional, national, and international legislations to ensure the safety for consumers, users, and the environment. Covid-19 has lower impact on the crop protection pesticides market such as the distribution channels to pesticides transportation and also disruptions in the supply chain.
India Crop Protection Pesticides Market Trends, Drivers, Restraints, and Opportunities
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Rising utilization of the crop protection solutions for the crops of high yield is projected to spur the market expansion in the coming years.
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Increasing population is growing the need for food security is anticipated to boost the market growth during the forecast period.
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Rapid growth of the food industry is major factors propelling the market expansion.
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Strict rules and regulations due to environmental impact acts as key challenge that can hinder the market growth.
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Growth in resistance of pests to crop pesticides is estimated to restrict the market expansion in the coming years.
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R&D investment and technological advancement in crop protection pesticides is expected to create lucrative opportunities for the market players.
Scope of India Crop Protection Pesticides Market Report
The report on the India crop protection pesticides market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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India Crop Protection Pesticides Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Mode of Actions (Fungicide, Nematicide, Herbicide, Insecticide, Molluscicide, and Others), Origins (Bio-based and Synthetic), Applications (Pulses & Oilseeds, Commercial Crops, Grains & Cereals, Fruits & Vegetables, and Turf & Ornamentals)
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Country
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India
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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UPL Ltd.; BASF SE; FMC Corporation; Rallies India Ltd.; and BAYER AG
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India Crop Protection Pesticides Market Segment Insights
Insecticide segment is projected to account for a large market share
Based on mode of actions, the India crop protection pesticides market is divided into fungicide, nematicide, herbicide, insecticide, molluscicide, and others. The insecticide segment is expected to constitute a key share of the market during the forecast period owing to it is highly used at the time of staple crop cultivation, as it is mainly attacked by insects.
Integrated pest management has been evolved during the time period that has led to farmers being less reliant on insecticide for protection of the yields. However, the nematicide segment is anticipated to expand at a rapid pace during the forecast period due to rising awareness regarding the better protection of the crops against mites, ticks, and worms.
Synthetic segment is projected to hold a key market share
On the basis of origins, the market is segmented into bio-based and synthetic. The synthetic segment is expected to represent a key share of the market in the coming years due to product innovation and technological advancement by the leading crop protection chemical manufacturing company.
Synthetic crop protections are produced in the laboratories and made up of mixtures of chemicals that help to kill, destroy, avert, and repel any pests.
Grains & cereals segment is projected to constitute a major market share
In terms of applications, the India crop protection pesticides market is segregated into pulses & oilseeds, commercial crops, grains & cereals, fruits & vegetables, and turf & ornamentals. The grains & cereals segment is expected to account for a key share of the market during the forecast period owing to rising focus on demand for food, increasing population, and growing demand for crops.
However, the fruits & vegetables segment is anticipated to expand at a rapid pace during the forecast period due to growing demand of the fruits & vegetables to fulfill the high requirements of the farmers.
Segments
Mode of Actions
- Fungicide
- Nematicide
- Herbicide
- Insecticide
- Molluscicide
- Others
Origins
Applications
- Pulses & Oilseeds
- Commercial Crops
- Grains & Cereals
- Fruits & Vegetables
- Turf & Ornamentals
Country
Key Players
Competitive Landscape
Key players competing in the India crop protection pesticides market include UPL Ltd.; BASF SE; FMC Corporation; Rallies India Ltd.; and BAYER AG. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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