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Dublin, Jan. 14, 2025 (GLOBE NEWSWIRE) — The “India Pesticide Market, By Region, Competition, Forecast & Opportunities, 2020-2030F” report has been added to ResearchAndMarkets.com’s offering.
The India Pesticide Market was valued at USD 321.52 Million in 2024, and is expected to reach USD 508.29 Million by 2030, rising at a CAGR of 8.01%
The pesticide market in India is one of the largest in the world, primarily driven by its vast agricultural sector. A significant share of the Indian population relies on farming for their livelihood, necessitating the use of pesticides to protect crops and maximize yield. This has led to a robust and growing market for pesticide manufacturers and suppliers.
The rising awareness among Indian farmers regarding the advantages of pesticides is anticipated to fuel the demand for these products in the coming years. Pesticides play a pivotal role in enhancing crop yield, controlling pests, and reducing plant diseases, thus directly contributing to the overall agricultural productivity. Recent years have witnessed a tangible shift among the farming community toward understanding the benefits of these substances, primarily driven by government initiatives and agro-based organizations’ outreach. The farmers are now more informed about how judicious usage of pesticides can lead to a significant reduction in crop loss while ensuring the quality and quantity of the yield.
Technological advancements in pesticide formulation are poised to significantly increase the demand for pesticides in India. Biopesticides account for 5% of the global crop protection market, while in India they represent only 3%. Biopesticide production in India makes up 4.2% of the total pesticides market.
Although 287 pesticides are registered for use in India, with technical pesticides being produced domestically, only around 14 biopesticides have been registered with the Central Insecticides Board and Registration Committee (CIBRC). As a country with a prominent agrarian sector, efficiency in crop protection is pivotal to India’s food security and agricultural sustainability. Modern pesticide formulations, powered by technology, offer enhanced efficacy and targeted application, reducing wastage and increasing cost-effectiveness.
These formulations can precisely combat specific pests, ensuring minimal harm to non-target species and the environment. Technological developments have led to the creation of slow-release formulations, increasing the duration of protection and reducing the frequency of application, further fueling demand. Biodegradable and less toxic formulations are also emerging due to technological advancements, aligning with the global trend towards environmentally friendly and sustainable farming practices.
This is expected to appeal to the increasingly environmentally conscious Indian farmers and agricultural stakeholders, thereby boosting pesticide demand further. The Indian government’s push for digital literacy and smart farming is also encouraging the adoption of advanced pesticide formulation technology. Hence, these technological advancements, coupled with growing awareness and governmental support, are set to propel the demand for pesticides in India.
Segmental Insights
Product Type Insights
Based on the product type, the herbicide segment is currently growing in the India Pesticide Market due to the increasing need for higher agricultural productivity. With the advent of genetically modified crops, the demand for herbicides has witnessed a significant rise. Farmers are increasingly relying on herbicides to effectively manage weed growth and protect their crops, leading to improved yields and overall agricultural output.
However, it is important to note that while herbicides hold a prominent position, other segments such as insecticides, fungicides, and plant growth regulators also play vital roles in crop protection. This diverse landscape of pesticide usage in India reflects the country’s commitment to ensuring effective and comprehensive crop management strategies, maximizing agricultural output, and ultimately contributing to food security and sustainability.
Formulation Insights
Based on formulation, in the India Pesticide Market, dry formulations currently hold a dominant position over liquid formulations. This preference for dry pesticides stems from several key factors that underscore their appeal and practicality for farmers and distributors alike. Dry pesticides offer inherent advantages in terms of storage, transportation, and application.
Their solid form makes them easier to handle and store compared to liquid formulations, which are prone to spillage and leakage during transit. The compact nature of dry pesticides facilitates efficient transportation and reduces logistical complexities, contributing to cost savings and streamlined supply chains.
Regional Insights
The Northern region of India, renowned for its fertile agricultural lands and diverse crop cultivation, is currently dominating the India Pesticide Market. This region’s supremacy can be attributed to its extensive and varied range of crops, including grains such as wheat, rice, and millets, along with a wide array of fruits, vegetables, and cash crops. The favorable climatic conditions, combined with abundant farmland, create an ideal environment for thriving crop production.
To combat pests and diseases, the Northern region heavily relies on the extensive application of pesticides. These pesticides play a crucial role in managing and mitigating the risks posed by pests, thereby ensuring optimal crop yield. The rigorous pest management practices adopted by farmers in the Northern region further contribute to its dominance in the India Pesticide Market. With its rich agricultural heritage, favorable climate, vast farmlands, and the imperative need for effective pest management, the Northern region of India continues to solidify its position as a key player in the India Pesticide Market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 85 |
| Forecast Period | 2024 – 2030 |
| Estimated Market Value (USD) in 2024 | $321.52 Million |
| Forecasted Market Value (USD) by 2030 | $508.29 Million |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | India |
Report Scope:
Key Market Players
- Bayer Crop Science Limited
- Syngenta India Private Limited
- BASF India Limited
- UPL Limited
- ADAMA India Private Limited
- Dhanuka Agritech Limited
- Rallis India Limited
- PI Industries Limited
- FMC India Private Limited
- Crystal Crop Protection Private Limited
India Pesticide Market, By Product Type:
- Herbicide
- Insecticide
- Fungicide
- Plant Growth Regulator
- Others
India Pesticide Market, By Formulation:
India Pesticide Market, By Crop:
- Cotton
- Rice
- Vegetables
- Plantation
- Others
India Pesticide Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/p767a5
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