|
Forecast Period
|
2026-2030
|
|
Market Size (2024)
|
USD 321.52 Million
|
|
Market Size (2030)
|
USD 508.29 Million
|
|
CAGR (2025-2030)
|
8.01%
|
|
Fastest Growing Segment
|
Herbicide
|
|
Largest Market
|
North
|
Market Overview
India Pesticide Market
was valued at USD 321.52 Million in 2024 and is
anticipated to reach USD 508.29 Million in the forecast period with a CAGR of 8.01% through 2030. Pesticides are substances used to
control, prevent, destroy, repel, or mitigate any pest ranging from insects,
animals and weeds to microorganisms such as fungi, molds, bacteria, and
viruses. Primarily used in agriculture to maximize crop yield, pesticides can
also be found in non-agricultural settings like homes, schools, and public
spaces for pest management. However, while effective, repeated or improper use
of pesticides can lead to environmental harm and potential health risks.
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.
Key Market Drivers
Increased Awareness of The Benefits of Pesticides
Among Farmers
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.
On average, pesticide treatment covers 65% of the area dedicated to fiber crops in India, followed by 50% for fruits, 46% for vegetables, 43% for spices, 28% for oilseeds, and 23% for pulses. The advent of eco-friendly
and bio-pesticides has assuaged earlier concerns related to environmental
degradation, further propelling their acceptance. With increasing population
and the ensuing pressure on the agricultural sector to meet the food demands,
the importance of pesticides is further highlighted. The expansion of
e-commerce platforms selling agricultural inputs offers easy access to quality
pesticides even in remote regions, thus ensuring a wider reach. All these
factors collectively point towards a substantial escalation in the demand for
pesticides in India in the near future.
Technological Advancements in Pesticide Formulation
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.
The Institute of Pesticide Formulation Technology (IPFT), an autonomous institution established in 1991 under the Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, Government of India, is the only organization dedicated to developing advanced, environmentally-friendly pesticide formulation technologies. Its core activities include formulation development, analytical characterization, and bioscience studies. IPFT also operates a pilot plant to demonstrate the manufacturing process of pesticide formulations on a pilot scale. The institute undertakes in-house projects, grant-in-aid initiatives, industry-sponsored collaborations, and project-based partnerships with academia and industry. IPFT conducts interdisciplinary research, analysis, and efficacy studies using cutting-edge analytical and biological equipment. Additionally, it is in the process of establishing an EcoTox facility to further enhance its capabilities. IPFT actively provides R&D support, quality control, and regulatory data generation services to the agrochemical and related industries. To date, it has successfully developed and transferred 80 pesticide formulations to various agrochemical companies for commercial use. The institute is also focused on developing biopesticide alternatives to synthetic pesticides for diverse applications.
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.
Download Free Sample Report
Key Market Challenges
Strict Regulations on Pesticide
Strict regulations on pesticides are expected to
notably diminish their demand within the Indian agricultural sector. The
government has initiated stringent measures to monitor the use of pesticides,
necessitated by the increasing awareness of their adverse impacts on human
health and the environment. Such regulations restrict the overuse and misuse of
these chemicals, making farmers reconsider their habitual pesticide usage.
Subsequently, they are more prone to opt for organic farming practices and
bio-pesticides, which are deemed safer, more sustainable, and now more
financially viable given the increased costs associated with conventional
pesticides due to the new rules. These strict regulations are likely to promote
the import of safer, less toxic, and more environment-friendly pesticides,
further reducing the demand for traditional, harmful pesticides. In essence,
the projected decrease in pesticide demand in India can be attributed to the
growing environmental consciousness among farmers, reinforced by the
government's rigorous regulatory framework.
Prevalence of Counterfeit Products
The prevalence of counterfeit products in the
pesticide industry has created a significant challenge for India's agricultural
sector. Farmers, who are the end consumers, are being duped into buying
fraudulent goods under the guise of cost-effectiveness and perceived quality.
These counterfeit pesticides not only lead to poor crop yield due to their
ineffectiveness, but they also pose momentous environmental and health risks.
Consequently, there's a growing distrust among farmers towards synthetic
pesticides, leading to a decreased demand. Simultaneously, this situation paves
the way for alternative solutions. An increasing number of farmers are turning
towards organic farming and bio-pesticides, which are considered safer and more
environmentally friendly. Stringent regulations enforced by the government to
curb the circulation of counterfeit products, coupled with elevated awareness
campaigns about the harmful effects of fake pesticides, have played a pivotal
role in this decreasing demand. Thus, the proliferation of counterfeit products
is indirectly contributing to a paradigm shift in India's pesticide market.
Key Market Trends
Advances
in Pest Detection & Prediction Technologies
Advancements in pest detection and prediction
technologies are poised to boost the demand for pesticides in India
significantly. With the introduction of modern technologies, such as remote
sensing, predictive modeling, and geographic information systems, farmers can
now accurately identify pest infestations early, allowing for timely and
targeted use of pesticides. In August 2024, the Indian Union Government launched the AI-driven National Pest Surveillance System (NPSS), designed to enable farmers to connect with agricultural scientists and experts for pest control advice via their mobile phones. The primary objective of NPSS is to reduce farmers' reliance on pesticide retailers and promote a more scientific approach to pest management. By leveraging AI tools, NPSS will analyze real-time pest data to assist both farmers and experts in effective pest control and management strategies.
This reduced reliance on regular, blanket
applications of pesticides increases efficiency and reduces wastage. The
implementation of predictive technologies enables the anticipation of potential
pest outbreaks based on factors like weather patterns and crop cycles. This
allows farmers to plan and apply pesticides strategically, further driving up
demand. The necessity of maintaining crop health to sustain the burgeoning
population of India also contributes to the expected growth in pesticide
demand. As these technologies continue to evolve and become more accessible to
farmers across the country, the pesticide market in India is predicted to
witness substantial growth.
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.
Download Free Sample Report
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.
Recent Developments
- In May 2024, piercing and sucking pests present a substantial threat to agricultural crops in India. To address this challenge, Indian farmers can now turn to Efficon, a newly launched insecticide from BASF. Efficon utilizes BASF's innovative active ingredient, Axalion, in a specialized formulation. Featuring a unique mode of action, Efficon is one of the first insecticides introduced under the new IRAC Group 36, which represents a completely new class of insecticides (Group 36 — pyridazine). This new classification is notable for its lack of known cross-resistance with existing market products, positioning Efficon as a superior tool for insecticide resistance management.
- In December 2024, the Government of India introduced Kisan Kavach, Bharat's first anti-pesticide bodysuit, designed to safeguard farmers from the detrimental effects of pesticide exposure. This groundbreaking innovation represents a significant advancement in enhancing farmer safety and aligns with the Ministry of Agriculture’s vision to leverage science and technology to empower the agricultural community. The manufacturing process involves the covalent attachment of a nucleophile to cotton fabric, which is then stitched into the Kisan Kavach. The fabric has the ability to deactivate pesticides upon contact through nucleophilic-mediated hydrolysis, thereby mitigating pesticide-induced toxicity and mortality.
- In April 2024, Godrej Agrovet Limited launched Hanabi (Pyridaben 20% w/w WP), a new pesticide specifically developed to target mites in apple orchards. Created in collaboration with Japan’s Nissan Chemical Corporation, Hanabi utilizes a patented formulation that ensures extended control and rapid knockdown effects. Its fast-acting formula initiates immediate action upon application, providing 80% knockdown within 3-4 hours and effectively controlling mites throughout their life cycle. Additionally, Hanabi’s insecticidal properties have shown secondary efficacy against thrips and whiteflies. This innovative solution is expected to significantly transform apple farming in the region.
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
|
By Product Type
|
By Formulation
|
By Crop
|
By Region
|
|
- Herbicide
- Insecticide
- Fungicide
- Plant Growth Regulator
- Others
|
|
- Cotton
- Rice
- Vegetables
- Plantation
- Others
|
|
|
|
|
|
|
Report Scope:
In this report, the India Pesticide Market has been
segmented into the following categories, in addition to the industry trends
which have also been detailed below:
- India Pesticide Market, By Product Type:
o Herbicide
o Insecticide
o Fungicide
o Plant Growth Regulator
o Others
- India Pesticide Market, By Formulation:
o Dry
o Liquid
- India Pesticide Market, By Crop:
o Cotton
o Rice
o Vegetables
o Plantation
o Others
- India Pesticide Market, By Region:
o North
o South
o West
o East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the India Pesticide Market.
Available Customizations:
India Pesticide Market report with the given
market data, TechSci Research offers customizations according to a company's
specific needs. The following customization options are available for the
report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
India Pesticide Market is an upcoming report to be
released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at [email protected]