Indian Pesticides Market Overview:

According to the latest report by IMARC Group, titled “Indian Pesticides Market Share: Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027”, The Indian pesticides market reached a value of around INR 212 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 320 Billion by 2027, exhibiting a CAGR of 7.07% during 2022-2027.

Pesticides are toxic substances designed to eliminate, reduce or control the infestation of insects, weeds, rodents, fungi and other organisms in crops or plants. These insects and pests cause severe damage to the crops and impact the overall agricultural production. Depending upon their application, different types of pesticides include avicide, herbicide, insecticide, fungicide, piscicide and rodenticide. In India, crop protection chemicals have gained immense popularity over the past few years due to increasing awareness among farmers regarding the impact of pest infestation on crop yields.

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Market Trends:

With the rising population in India, the focus has shifted towards enhancing farm productivity and efficiently using the available arable land. Apart from this, the increasing adoption of modern agricultural approaches, such as Integrated Pest Management and contract farming, are positively influencing the India pesticides market. Moreover, there has been an increase in the number of investments made in the industry owing to a major shift towards the development of eco-friendly pesticides. However, the overall consumption of pesticides in the countries is still lower than their production, owing to which India has emerged as one of the largest pesticide exporters in the world.

Key Market Segmentation:

Breakup by Product type:

Synthetic Pesticides
Biopesticides

The report has segmented the market on the basis of product types which mainly include synthetic pesticides and bio-pesticides. Currently, synthetic pesticides represent the most popular product used across India.

Breakup by Segments:

Insecticides
Fungicides
Herbicides
Others

On the basis of segments, the market has been categorized into insecticides, fungicides and herbicides. Amongst these, insecticides exhibit a clear dominance, accounting for the largest market share.

Breakup by Formulation:

Liquid Pesticides
Dry Pesticides

Based on formulations, the market has been segregated into liquid and dry pesticides.

Breakup by Crop Type:

Cereals
Vegetables
Fruits
Plantation Crops
Others

The market has been segmented into plantation crops, cereals, fruits and vegetables. Amongst these, cereals account for the majority of the market share.

Competitive Landscape:

The competitive landscape of the market has also been examined in the report and the profiles of key players have also been provided.

Key highlights of the report:

1. Market Performance
2. Market Outlook
3. Porter’s Five Forces Analysis
4. Market Drivers and Success Factors
5. SWOT Analysis
6. Value Chain
7. Competitive Structure
8. Profiles of Key Players

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