Report Overview

Increasing demand for enhancing agricultural productivity to ensure food security, high adoption of biopesticides, and rising usage of crop protection chemicals to stop the spread of exotic pests are projected to propel the expansion of India crop protection chemicals market during the forecast period 2023 and 2029.

India Crop Protection Chemicals Market - Industry Trends & Forecast Report, 2029

India crop protection chemicals market size is expected to expand at a steady CAGR of 4.8% during the forecast period between 2023 and 2029. Major growth drivers for India crop protection chemicals market include increasing focus on high agricultural yield to combat food insecurity, high adoption of biopesticides and rising usage of crop protection chemicals to stop the spread of exotic pests. Crop protection chemical demand will continue to rise at a rapid pace, owing to rapid population, shrinking arable land and the pressing need to address food security. In terms of regulatory interventions for safe farming and general farming culture and practices, the agricultural sector has made significant progress around the world. Growing food demand has prompted agrochemical-based institutions to improve their products and transition to greener alternatives through research investments. Companies in the business have been commercializing bio-based chemicals derived from plants, minerals, microorganisms, and animals. Biopesticides are one such domain where the market has progressed significantly.

India Crop Protection Chemicals Market – Overview

Crop protection chemicals are a type of agrochemical that is used to protect crops from deteriorating due to insect and pest infestation. The market is divided into three sections: mode of action (herbicides, insecticides, fungicides, nematicides, molluscicides, and others), origin (synthetic and bio-based), and application (grains and cereals, oilseeds, fruits and vegetables, commercial crops, and other applications). The study provides market estimates and projections in value (USD million) for the Indian crop protection chemicals market for the key segments. Agriculture is the backbone of the Indian economy, employing almost half of the workforce and accounting for nearly 18.3% of India's GDP in 2020. Farmers lose a big portion of their income when pests and weeds destroy their crops. Crop protection chemicals, when used wisely, can protect crops and food from pests while also enhancing farm productivity.

India Crop Protection Chemicals Market

Growth Drivers

Rising consumer awareness regarding sustainable packaging

Biopesticides are gaining traction in India, as they are essentially less hazardous (as compared to regular synthetic pesticides). Biopesticides affect only the target pest and closely related organisms, as opposed to broad-spectrum conventional pesticides, which can be damaging to other organisms. Growing public awareness about the potential negative environmental consequences of synthetic plant protection goods and chemicals encourages the quest for pest-control technologies and solutions based on biological processes. The Indian government has implemented Integrated Pest Management Practices (IPM), with a focus on the use of biopesticides and insecticides derived from plants, such as neem formulations. Major agrochemical businesses are spending in research and development to deliver novel biological products to Indian farmers. As a result, the government's support of biopesticides, together with major businesses' investment in R&D, is expected to drive market expansion over the forecast period.

Restraints

Pesticide residue concerns

Stringent government regulations and a growth in residue owing to pesticide use are projected to stymie the market expansion. Due to its persistent nature, poisonous characteristics, lipophilicity, and bioaccumulation, this residue has a negative impact on human health. Also, several serious adverse effects such as neurological diseases, endocrine disruptors, malignancies, birth defects and reproductive impacts owing to exposure to crop protection agents are hampering its employment in agriculture applications. Therefore, these are the main variables which would serve as market limitation and impede the growth of the targeted market.

Impact of COVID -19 on India Crop Protection Chemicals Market

The COVID-19 had a detrimental impact on crop protection chemicals sector. The pandemic disrupted supply chain networks, causing companies and farmers to lose money. In terms of supply, a short-term shortage of migrant laborers combined with distribution constraints resulted in a large disparity between the numbers of workers required for pesticide production. However, COVID-19 pandemic had a short-term impact on market growth and it has enhanced investment, particularly in biological, as part of a broader shift toward food security and sustainable crop production, as well as assuring more strong supply chains. With rapid expansion, shifting crop mix patterns, and environmental laws, the crop protection chemical sector has been transforming throughout the years.

India Crop Protection Chemicals Market

Segmental Coverage

India Crop Protection Chemicals Market – By Type

By type, India crop protection chemicals market is segmented into Herbicide, Fungicide, Insecticide, and Nematicide. The herbicide segment dominates the India crop protection chemicals market, due to a surging demand for herbicides in crop protection chemicals in a variety of end-use applications, such as open field and protected cultivation, horticulture, and floriculture. The fungicides segment holds the second highest place in the market by type as fungal infection has been a significant source of concern for farmers.

India Crop Protection Chemicals Market– By Material

Based on material, India crop protection chemicals market is bifurcated into Synthetic and Bio-based segments.

India Crop Protection Chemicals Market – By Mode of Application

Based on mode of application, India crop protection chemicals market is divided into Foliar Spray, Seed Treatment, and Soil Treatment segments. The foliar spray segment dominates the market. It is mostly due to a rise in demand for foliar crop protection agents in a variety of end-use applications such as open field and protected cultivation, horticulture, and floriculture. Foliar fertilizer is a type of fertilizer that is administered directly to the leaves of a plant. Several companies produce foliar fertilizers ranging from organic products appropriate for use on food crops to more aggressive chemical fertilizers for ornamentals. There are several advantages of utilizing foliar fertilizer. As a result, such fertilizers are popular in various gardening applications. Crop protection chemicals are dosed into the soil in a few end-use industries. Therefore, the soil treatment segment is projected to expand at a steady pace during the forecast period.

India Crop Protection Chemicals Market – By Form

Based on form, India crop protection chemicals market is bifurcated into Liquid and Solid segments.

India Crop Protection Chemicals Market– By Region

Based on region, India crop protection chemicals market is segmented into North India, East India, South India, and West India.

Competitive Landscape

Major players operating in India crop protection chemicals market include BASF SE, Bayer AG, FMC Corporation, UPL Ltd, Rallies India Limited, Nagarjuna Agrichem Ltd, Crystal Crop Protection Ltd, and Excel Crop Care Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In 2022 - FMC India offered a new pesticide, Corprima. Corprima provides crop protection against fruit borers, which are a major worry for Indian farmers.

• In February 2022 - UPL gained authorization to market Flupyrimin, a rice insecticide licensed from Meiji in Japan and in India.

• In 2021 – In India, the Ministry of Cooperation had made a declaration during the "National Conclave on Natural Farming", attempting to make efforts to set up a network of laboratories in the country that will accredit not only organic products but also certify that land in which they were grown is also chemical fertilizer-free.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Million
Market Coverage	India
Product/ Service Segmentation	Type, Origin, Mode of Application, Form, Region
Key Players	BASF SE, Bayer AG, FMC Corporation, UPL Ltd, Rallies India Limited, Nagarjuna Agrichem Ltd, Crystal Crop Protection Ltd, Excel Crop Care Ltd

 

By Type

• Herbicide

• Fungicide

• Insecticide

• Nematicide

By Origin

• Synthetic

• Bio-based

By Mode of Application

• Foliar Spray

• Seed Treatment

• Soil Treatment

By Form

• Liquid

• Solid

1. Research Framework
   1. Research Objective
   2. Type Overview
   3. Market Segmentation
2. Executive Summary
3. India Crop Protection Chemicals Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing Need for Enhancing Agricultural Productivity
         2. Growing Adoption of Biopesticides
         3. Rising Usage of Crop Protection Chemicals to Stop Spread of Exotic Pests
      2. Restraints
         1. Lack of Awareness of Crop Protection Chemicals among Framers
      3. Opportunities
         1. Growing Organic Farming and Use of Biopesticides
      4. Challenges
         1. Changes in Regulatory Policies
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Crop Protection Chemicals Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Herbicide
         2. Fungicide
         3. Insecticide
         4. Nematicide
         5. Others
      2. By Origin
         1. Synthetic
         2. Bio-based
      3. By Mode of Application
         1. Foliar Spray
         2. Seed Treatment
         3. Soil Treatment
         4. Others
      4. By Form
         1. Liquid
         2. Solid
      5. By Region
         1. North India
         2. East India
         3. South India
         4. West India
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. India Crop Protection Chemicals Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on India Crop Protection Chemicals Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. BASF SE
   2. Bayer AG
   3.  FMC Corporation
   4.  UPL Ltd
   5.  Rallies India Limited
   6.  Nagarjuna Agrichem Ltd
   7.  Crystal Crop Protection Ltd
   8.  Excel Crop Care Ltd
   9.  Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1.  Qualitative Research
      1.  Primary & Secondary Research
   2.  Quantitative Research
   3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
   4.  Breakdown of Primary Research Respondents, By Region
   5.  Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.          

 

List of Figures

 

Figure 1        India Crop Protection Chemicals Segmentation                       

Figure 2        India Crop Protection Chemicals Market Value Chain Analysis             

Figure 3        Company Market Share Analysis, 2022                        

Figure 4        India Crop Protection Chemicals Market Size, By Value (USD Million), 2019–2029                         

Figure 5        India Crop Protection Chemicals Market Share, By Type, By Value, 2019–2029                    

Figure 6        India Crop Protection Chemicals Market Share, By Origin, By Value, 2019–2029                           

Figure 7        India Crop Protection Chemicals Market Share, By Mode of Application, By Value, 2019–2029                     

Figure 8        India Crop Protection Chemicals Market Share, By Form, By Value, 2019–2029                   

Figure 9        India Crop Protection Chemicals Market Share, By Region, By Value, 2019–2029                 

 

 

List Of Tables          

 

Table 1         India Crop Protection Chemicals Market Size, By Type, By Value, 2019–2029

Table 2         India Crop Protection Chemicals Market Size, By Origin, By Value, 2019–2029

Table 3         India Crop Protection Chemicals Market Size, By Mode of Application, By Value, 2019–2029                     

Table 4         India Crop Protection Chemicals Market Size, By Form, By Value, 2019–2029

Table 5         India Crop Protection Chemicals Market Size, By Region, By Value, 2019–2029

Table 6         BASF SE Company Overview                            

Table 7         BASF SE Financial Overview                   

Table 8         Bayer AG Company Overview                           

Table 9         Bayer AG Financial Overview                            

Table 10        FMC Corporation Company Overview                           

Table 11        FMC Corporation Financial Overview                            

Table 12        UPL Ltd Company Overview                    

Table 13        UPL Ltd Financial Overview                    

Table 14        Rallies India Limited Company Overview                      

Table 15        Rallies India Limited Financial Overview                       

Table 16        Nagarjuna Agrichem Ltd Company Overview                          

Table 17        Nagarjuna Agrichem Ltd Financial Overview                           

Table 18        Crystal Crop Protection Ltd Company Overview                      

Table 19        Crystal Crop Protection Ltd Financial Overview                       

Table 20        Excel Crop Care Ltd Company Overview                      

Table 21        Excel Crop Care Ltd Financial Overview