India Pesticides Market Report 2018-2023: Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 13, 2018--The “Indian Pesticides Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The Indian pesticides market was worth INR 181 Billion in 2017. The market is further projected to reach INR 292.9 Billion by 2023, at a CAGR of 8.3% during 2018-2023.
Pesticides are substances or a mixture of substances intended for preventing, destroying, repelling or mitigating any pest. Pesticides represent the last input in an agricultural operation and are applied for preventing the spoilage of crops from pests such as insects, fungi, weeds, etc., thereby increasing the agricultural productivity.
The significance of pesticides has been rising over the last few decades catalyzed by the requirement to enhance the overall agricultural production and the need to safeguard adequate food availability for the continuously growing population in the country. In India, pests and diseases, on an average eat away around 20-25% of the total food produced.
Indian Pesticide Market: DriversThe total available arable land per capita has been reducing in recent years as a result of increasing urbanization levels and is expected to reduce further in the coming years. Driven by rising population levels, food demand is expected to continue increasing in the coming years. We expect pesticides to play a key role in increasing the average crop yields per hectare. Government initiatives to provide credit facilities to farmers in the rural areas is expected to provide a strong boost to the pesticides industry. Increasing availability and low interest rates of farm loans are expected to encourage farmers to use more pesticides in order to improve crop yields. Both government and private initiatives are increasing the awareness of pesticides among farmers. Initiatives to educate farmers on the right usage of pesticides in terms of quantity, the right application methodology and appropriate chemicals to be used for identified pest problems, etc. are currently being conducted in various parts of the country. The penetration levels of pesticides in India are significantly lower than other major countries such as the US and China. This suggests that the market for pesticides is still largely unpenetrated with a huge room for future growth.
Market Summary:Based on the product type the market has been segmented as synthetic pesticides and biopesticides. Synthetic pesticides currently dominate the market, holding the largest share. Based on the segment, the market has been segmented as insecticides, fungicides, herbicides and others. Based on the formulation, the market has been segmented as liquid pesticides and dry pesticides. Based on the crop type, the market has been segmented as cereals, vegetables, fruits, plantation crops and others. The market has also been segmented on the basis of various states. The competitive landscape of the market has also been examined in the report and the profiles of key players have also been provided.
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Indian Pesticides Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product Type
5.4 Market Breakup by Segment
5.5 Market Breakup by Formulation
5.6 Market Breakup by Crop Type
5.7 Market Breakup by State
5.8 Market Forecast
5.9 SWOT Analysis
5.10 Value Chain Analysis
5.10.2 Research and Development
5.10.3 Raw Material Procurement
5.11 Porters Five Forces Analysis
5.12 Price Analysis
5.12.1 Price Indicators
5.12.2 Price Structure
5.12.3 Margin Analysis
6 Market Breakup by Product Type
6.1 Synthetic Pesticides
7 Market Breakup by Segment
8 Market Breakup by Formulation
9 Market Breakup by Crop Type
9.4 Plantation Crops
10 Market Breakup by State
10.1 Uttar Pradesh
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/research/rb4jpv/indian_pesticides?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181113005605/en/
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Related Topics:Agrochemicals and Fertilizers
KEYWORD: ASIA PACIFIC INDIA
INDUSTRY KEYWORD: NATURAL RESOURCES AGRICULTURE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/13/2018 06:26 AM/DISC: 11/13/2018 06:26 AM