The pesticide industry provides crop protection products to preserve crops from pests, diseases, and weeds. The global pesticide market is valued at $48 billion and expected to reach $71.3 billion by 2018. India is the 4th largest producer globally. The Indian market is estimated at $4.1 billion and expected to reach $7.1 billion by 2018. Insecticides dominate the Indian market at 60% while biopesticides provide growth opportunities. Key challenges for the industry include regulations, support for organic farming, and genetically modified seeds.