ANALYSIS OF THE INDIAN PESTICIDES INDUSTRY THROUGH 2018 AND BEYOND

India is the biggest producer of pesticides in Asia. With more than 400 million acres of land under cultivation and more than sixty percent of the country’s economy relying on the agricultural industry to a significant degree, India is in a prime position to be a major producer of pesticides. There is a loss of about thirty percent of India’s potential agricultural yield due to pests such as insects, weeds, and rodents. Both before and after harvest, pesticides are a very important tool for protecting crops from the destruction that may be caused by weeds, insects, and fungal diseases. This helps to enhance agricultural yields, which is significant given the diminishing amount of land that can be used for agriculture in the nation. Although it is low, the consumption of pesticides in India has been gaining a strong foothold. This is primarily due to the increasing farmer awareness, incomes, increasing alternatives to the monsoons, increasing alternatives to government initiatives, increasing self-sufficiency in food grains, and other factors. Despite these expanding prospects, some of the major challenges that circumference the Indian agrichemical market include expensive and time-consuming research and development procedures, an unorganized distribution channel, a lack of farmer participation in government-aided agricultural programs, a stringent process of product registeration, surging inflation, and the availability of inexpensive and suspect pesticides. Insecticides, herbicides, fungicides, biopesticides, plant growth regulators, and rodenticides are the six primary subcategories that make up the pesticides sector in India. Insecticides were the most successful category in terms of market share, accounting for around 45 percent of the total income generated by the pesticides industry in 2013. This translated into an aggregated amount of sales that were worth millions of rupees during the financial year 2013. despite the fact that it dominates the industry, the segment’s market share has been steadily decreasing over the course of the last several years. After insecticides, the market share of herbicides was found to be the second largest. Insecticides took the first spot. Within the larger market for pesticides, the herbicide segment is quickly becoming the most important one. Another significant part of the market was identified as being the bio-pesticide industry. Despite the fact that bio-pesticides make up a relatively insignificant portion of the market at the moment, there is a significant opportunity for expansion in the years to come. This is primarily attributable to the support that the government provides and the growing awareness about the need for non-toxic and environmentally friendly pesticides in the country. The usage of pesticides in India has been disproportionately high in certain areas compared to others. Although the northern portion of the nation accounts for the vast bulk of the country’s usage of pesticides, the eastern and north eastern regions account for the smallest percentage. andhara pradesh, up, maharashtra, punjab, haryana, west bengal, gujrat, kerala, and tamil nadu are some of the biggest states in India in terms of the amount of pesticides that they use. The Indian crop protection sector is one that requires a significant investment of cash and is heavily regulated. Historically, the majority of players in the business have been formulators and makers of technical grade products. Formulators are often the recipients of premium quality chemicals that have been purchased in bulk from technical grade suppliers by formulators. Formulators then construct formulations by combining carriers, solvents, surface active agents, and other necessary compounds. upl, bayer crop science, syngenta, rallis india, and basf are some of the key firms that operate in the organized section of the industry, which accounted for the majority of the industry’s income for the fiscal year of 2013 (fy’2013). According to the research report “india pesticides industry analysis to 2018 – led by advent of technologically advanced biopesticides” by ken research, the indian crop protection market is expected to witness a growth in its consumption due to factors such as growing farmer awarness, farmers prosperity, an inclining demand for organic food, increased focus on research and development, expansion of the contract farming industry, and growth in gross domestic product. According to the research analyst at ken research, “several factors including rising population, inflating agricultural commodity prices, favorable rain pattern, increased adoption of new technologies, and growing farmer preference toward high-value and high-quality products and others are some of the factors expected to drive the industry’s growth in the future.” Other factors expected to drive growth in the industry include “growing farmer preference toward high-value and high-quality products.” The research gives a comprehensive analysis of the pesticides market in India and assists readers in identifying current trends within the industry as well as growth that is expected to occur in the future based on the changing industry dynamics that will occur in the years to come. The research will assist industry consultants, agro-chemicals firms, suppliers, and other stakeholders in aligning their market-centric strategies in accordance to trends that are now occurring and those that are anticipated to occur in the future. Please click on the link provided below for more information: http://www.kenresearch.com/agriculture-food-beverages/agriculture-industry/india-crop-protection-market-research-report/422-104.html Ankur Gupta is the point of contact. responsibilities include overseeing marketing and communication Email address: ankur@kenresearch.com For further information, please call 01147017199 or +91 9015378249 .