The crop protection industry in India has been displaying changing dynamics, with herbicides and biopesticides showcasing swift growth as compared to insecticides and fungicides

1. EVOLVING CONSUMPTION PATTERN OF PESTICIDES IN INDIA WITH
CONTINUOUS INNOVATIONS AND INTRODUCTION OF NEW
PRODUCTS: KEN RESEARCH
The crop protection industry in India has been
displaying changing dynamics, with herbicides and
biopesticides showcasing swift growth as compared to
insecticides and fungicides

2. 
India is a leading producer of pesticides in Asia with over 400 million
acres under cultivation and over 60% of the country’s economy
dependent on the agricultural sector to a substantial extent. Nearly 30%
of the potential crops in India are lost to insects, weeds and rodent
attacks. Pesticides play a crucial role in protecting crops from damage by
weeds, pests, insects and fungus, both before and after harvest. This
helps to increase crop yields, which is important due to the shrinking
cultivable land in the country. The consumption of pesticides in India
although low has been gaining strong foothold primarily against the
backdrop of growing farmer awareness, incomes, increasing alternatives
to the monsoons, government initiatives, self-sufficiesny in food grains
and others. Despite these growing prospects, some of the major
challenges that circumference the Indian agrichemical market include
costly and time consuming R&D proceures, unorganized distribution
channel, lack of farmer participation in government aided agricultural
programs, stringent process of product registeration, surging inflation
and availability of cheap and supirious pesticides.

3. 
Pesticides industry in India has been broadly segmented into six categories
including insecticides, herbicides, fungicides, biopesticides, plant growth
regulators and rodenticides. Of the aforementioned, insecticides
commanded the highest share of around 45% in the overall pesticides
market revenue, resulting aggregating sales worth INR ~ million during
FY’2013. In spite of leading the market, the segment’s market share has
observed a steady decline over the last few years. Followed by the
insecticides, the market share of herbicides was recorded to be the second
highest. Herbicide is a swiftly growing sector in the overall pesticides
market. Bio-pesticide was observed another important segment in the
market. Bio-pesticides, currently constituting a small segment has a
immense potential for growth in the years ahead primarily owing to
government support and increasing awareness about use of nontoxic, environment friendly pesticides in the country

4. 
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The pesticides consumption in India has been unevenly spread across
various regions. While the country’s northern region forms majority of
the pesticides consumption, the eastern and north eastern region
constitue the lowest share. Some of the major pesticides consuming
states in India include Andhara Pradesh, UP, Maharashtra Punjab
Haryana West Bengal, Gujrat, Kerala and Tamil Nadu.
Indian crop protection industry is capital intensive and 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. UPL, Bayer Crop
Science, Syngenta, Rallis India and BASF are some of the major
companies operating in the industry organized segment constituting the
major portion of the industry’s revenues as recorded during FY’2013.

5. 
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 owing to factors such as growing farmer
awarness, farmers prosperity, inclining demand for organic
food, increased focus on R&D, expansion of the contract farming and
GDP growth.

6. 
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“Several factors including rising population, inflating agricultural
commodity prices, favourable rain pattern, increased adoption of new
technologies and growing farmer preference towards high-value and
high-quality products and others are some of the factors expected to
drive the industry’s growth in the future” according to the Research
Analyst, Ken Research.
The report provides detailed overview on the pesticides in India and
helps the readers to identify the ongoing trends in the industry and
anticipated growth in future depending upon changing industry
dynamics in coming years. The report will help industry
consultants, agro-chemicals companies, suppliers and other stakeholders
align their market centric strategies according to ongoing and expected
trends in the future

7. 
For more detail please click on the following link :

http://www.kenresearch.com/agriculture-foodbeverages/agriculture-industry/india-crop-protection-marketresearch-report/422-104.html
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Contact person : Ankur Gupta
Designation : Head – Marketing & Communication
E-mail : ankur@kenresearch.com
Contact : 01147017199, +91 9015378249
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