The Indian pesticides market size reached INR 245.2 Billion in 2023. Looking forward, the market is projected to reach INR 421.7 Billion by 2032, exhibiting a growth rate (CAGR) of 6.21% during 2023-2032.
Pesticides are substances or a mixture of substances intended for preventing, destroying, repelling or mitigating any pest. Pesticides represent the last input in an agricultural operation and are applied for preventing the spoilage of crops from pests such as insects, fungi, weeds, etc., thereby increasing the agricultural productivity. The significance of pesticides has been rising over the last few decades catalyzed by the requirement to enhance the overall agricultural production and the need to safeguard adequate food availability for the continuously growing population in the country. In India, pests and diseases, on an average eat away around 20-25% of the total food produced.
Government initiatives to provide credit facilities to farmers in the rural areas is expected to provide a strong boost to the pesticides industry. Increasing availability and low interest rates of farm loans are expected to encourage farmers to use more pesticides in order to improve crop yields.
Both government and private initiatives are increasing the awareness of pesticides among farmers. Initiatives to educate farmers on the right usage of pesticides in terms of quantity, the right application methodology and appropriate chemicals to be used for identified pest problems, etc. are currently being conducted in various parts of the country.
The penetration levels of pesticides in India are significantly lower than other major countries such as the US and China. This suggests that the market for pesticides is still largely unpenetrated with a huge room for future growth.
Pesticides are substances or a mixture of substances intended for preventing, destroying, repelling or mitigating any pest. Pesticides represent the last input in an agricultural operation and are applied for preventing the spoilage of crops from pests such as insects, fungi, weeds, etc., thereby increasing the agricultural productivity. The significance of pesticides has been rising over the last few decades catalyzed by the requirement to enhance the overall agricultural production and the need to safeguard adequate food availability for the continuously growing population in the country. In India, pests and diseases, on an average eat away around 20-25% of the total food produced.
Indian Pesticides Market: Drivers
The total available arable land per capita has been reducing in recent years as a result of increasing urbanization levels and is expected to reduce further in the coming years. Driven by rising population levels, food demand is expected to continue increasing in the coming years. We expect pesticides to play a key role in increasing the average crop yields per hectare.Government initiatives to provide credit facilities to farmers in the rural areas is expected to provide a strong boost to the pesticides industry. Increasing availability and low interest rates of farm loans are expected to encourage farmers to use more pesticides in order to improve crop yields.
Both government and private initiatives are increasing the awareness of pesticides among farmers. Initiatives to educate farmers on the right usage of pesticides in terms of quantity, the right application methodology and appropriate chemicals to be used for identified pest problems, etc. are currently being conducted in various parts of the country.
The penetration levels of pesticides in India are significantly lower than other major countries such as the US and China. This suggests that the market for pesticides is still largely unpenetrated with a huge room for future growth.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the Indian pesticides market report, along with forecasts at the country and state level from 2024-2032. The report has categorized the market based on product type, segment, formulation and crop type.Breakup by Product Type:
- Synthetic Pesticides
- Biopesticides
Breakup by Segment:
- Insecticides
- Fungicides
- Herbicides
- Others
Breakup by Formulation:
- Liquid
- Dry
Breakup by Crop Type:
- Cereals
- Fruits
- Vegetables
- Plantation Crops
- Others
Breakup by State:
- Uttar Pradesh
- Punjab
- Maharashtra
- Rajasthan
- Haryana
- Others
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 Questions Answered in This Report
- How has the Indian pesticides market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Indian pesticides market?
- What are the major segments in the Indian pesticides market?
- What is the breakup of the Indian pesticides market on the basis of product type?
- What is the breakup of the Indian pesticides market on the basis of formulation?
- What is the breakup of the Indian pesticides market on the basis of crop type?
- What is the breakup of the Indian pesticides market on the basis of various states?
- What are the various stages in the value chain of the Indian pesticides industry?
- What are the key driving factors and challenges in the Indian pesticides industry?
- What is the structure of the Indian pesticides industry and who are the key players?
- What is the degree of competition in the Indian pesticides industry?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Indian Pesticides Market
6 Market Breakup by Product Type
7 Market Breakup by Segment
8 Market Breakup by Formulation
9 Market Breakup by Crop Type
10 Market Breakup by State
11 Competitive Landscape
List of Figures
List of Tables
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 119 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( INR | INR 245.2 Billion |
| Forecasted Market Value ( INR | INR 421.7 Billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | India |
