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"India Pesticides Market Report - 2020: Rising Awareness among Farmers and Advent of Bio Pesticides to Shape Future Growth.” This comprehensive analysis covers market size, segmentation, industry structure, regional consumption, imports, exports, and key players. The report aids industry stakeholders in aligning strategies with market trends and projections. With a focus on bio-pesticides, the market outlook presents opportunities and challenges for crop protection companies in India.
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India Pesticides Market Outlook to 2020 - Rising Awareness among Farmers and Advent of Bio Pesticides to Shape Future Growth” provides a comprehensive analysis of the pesticides market in India. The report covers various aspects such as market size of India pesticides market, segmentation on the basis of type of pesticides, crops, industry structure i.e. organized and unorganized, regional consumption, import and indigenous pesticides and others.
The report also covers market in different aspects such as market size, segmentation of market on the basis of generic and patented pesticides, import and export of pesticides in the market. The report will help industry consultants, pesticide producing companies, suppliers and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future. The market comprises of large companies such as UPL, Syngenta, Bayer Crop Science, Insecticides India Limited and others which posses a large product portfolio of pesticides products.
The industry has grown at a rapid pace of ~% over the period FY’2010-FY’2015 and reached INR ~ billion in FY’2015 on account of remarkably rising population and inflating agricultural commodity prices. Rising awareness among the farmers related to the benefits of using certified/ quality pesticides has led to an increase in the demand for pesticides over the past few years. This has resulted in an increasing willingness among the farmers to pay higher price for quality pesticides leading to enhancement in productivity.
The revenues of technical pesticides market has grown at a stupendous CAGR of ~% over the period FY’2010-FY’2015. The growth in the Indian pesticides market over the period FY’2010-FY’2015 was primarily supplemented by the remarkably rising population and inflating agricultural commodity prices.The revenues of technical pesticides market in India is projected to grow by ~% over the period FY’2016-FY’2020 and will reach INR ~ billion in FY’2020 as compared to INR ~ billion in FY’2015. The future prospects for crop protection companies in India seem to be positive in the next five years. Insecticides will continue to dominate the Indian pesticides market. However, a significant decline is anticipated in its market share. The share of insecticides in the overall pesticides market is likely to fall to ~% by FY’2020 from ~% in FY’2015.
India Bio Pesticides Market Bio-pesticides are basically the environment friendly alternative to chemical pesticides for the purpose of pest management. The growth in the bio-pesticides market revenues has been immensely attributed to the higher sales that have taken over the past few years. The contribution of biopesticides in Indian pesticides market, although small, has witnessed stupendous growth in revenue terms. The segment has recorded growth in its share from ~% in FY 2010 to ~% in FY’2015. The biopesticides market recorded sales growth, reaching from INR ~ million in FY’2010 to INR ~ million as observed during FY’2015.
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