India Agrochemical market is Expected to Grow by 14.5% in next 5 years with New Technical and Formulants Pesticides Registrations: Ken Research

2024-04-17 09:31:44 Industry

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The Pesticide Industry in India is growing rapidly and is marked by presence of a large number of unorganized players. However, there are several organized players in the Indian market such as Bayer Crop Science, UPL, Excel Crop Care Limited and others which have succeeded in capturing a significant share on account of their remarkable business strategies and marketing efforts to reach their target audience. The major reason behind their success is their tremendous sales force, quick delivery of their products and innovative technology owing to the time and money they spend on R&D.

The pesticides market has been significantly projected to grow in the next five years, reaching revenue worth INR 484.0 billion by FY?2020. This growth performance has been primarily anticipated on account of increased awareness amongst Indian farmers, rising product innovation and declining prices of pesticides. The market for pesticides in short run is likely to be influenced by research and development activities being carried out in companies, emergence of new and innovative pesticides as well as by declining prices due to augmenting competition in the market.

Indian crop protection industry is capital intensive and a highly regulated industry. The industry has been mainly composed of technical grade manufacturers and formulators. The technical grade producers usually sell premium quality chemicals in the bulk to the formulators, who then prepare formulations by mixing the carriers, solvents, surface active agents and other relevant compounds. There are nearly 125 technical grade manufacturers, about 800 formulators and more than 145,000 distributors involved in the chain.

?According to Research Analyst at Ken Research, the players need to place increased focus on delivering quality products and should invest greater amount in research and development in order to produce innovative and productivity enhancing pesticides. At Government level, proper Redressal system, revision in old structures and mandatory checking of spurious pesticides is need of an hour. The industry, however, is expected to face major challenges in terms of unpredictable weather which may affect the pest occurrences in the short term?.

For more information, refer to the publication titled India Pesticide Market Outlook to 2020 ? Rising Awareness among Farmers and Advent of Bio Pesticides to Shape Future Growth

Key Topics Covered in the Report:
Technical Pesticides Market
- India Technical Pesticide Market Size by Revenue
- India Technical Pesticide Market Size by Production
- India Technical Pesticide Market Size by Consumption
- India Technical Pesticides Market Segmentation by
o Insecticides, Herbicides and Fungicides
o Generic and Patented Pesticides
o Organized and Unorganized Players
o Regional Consumption
o Imported and Indigenous Pesticides
- India Formulants Pesticides Market Snapshot
- Growth Drivers and Restraints
- Government Role
- SWOT
- Export and Import
- Competition and Market Share
- Future Outlook- By Revenue, By Type of Pesticides
- Macro Economic Parameters
- Analyst Recommendations
- India Bio pesticides Market Size by Revenue, Consumption Volume
- India Bio Pesticides Market Segmentation by
o Origin
o Application
o Organizational Structure
o Crops
o Imported and Indigenous Bio-Pesticides
- Competition and Market Share
- Future Outlook
- India Pest Control Service Market Size by Revenue
- India Pest Control Service Market Segmentation by
o End Users
o Major insects
o Organized and Unorganized Players
o Competition and Market Share
Key Products Mentioned in the Report
Insecticides
- Acephate
- Chlorpyrifos
- Cypermethrin
- Profenofos
- Phorate
Herbicides
- 2, 4-D
- Glyphosate
- Isoproturon
- Pendimethalin
- Atrazin
Fungicides
- Mancozab
- Captan & Captafol
- Metconazole
- Ziram (Thiobarbamate)
- Hexaconazole

Companies Covered in the Report
Global Players
Pesticides
United Phosphorous Limited
Bayer Crop Science Ltd
Syngenta India
BASF India Limited
Pest Control
Arion
Orkin
Rentokil
Terminix
Domestic Players
Pesticides
Insecticides India Limited
Dhanuka Agritech Limited
Excel Crop Care Limited
PI Industries Limited
Rallis India Limited
Pest Control
Pest Control India
Pest Management (India)
Pest Management and Consultants (India) Limited

Related Reports:
India Seed Market Outlook to FY'2020 - Rapid Hybridization and Increased Government Support to Foster Future Growth

India Biopesticides Market Outlook to 2020 - Trichoderma And Bacillus Thuringiensis (Bt) Biopesticides to Lead The Future Growth

China Crop Protection Market Outlook to 2018 - Increasing Government Support for Bio Pesticides to Drives Revenues

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