Insecticides Segment to Witness Significant Growth in India Pesticide Formulation Market During Forecast Period
Growing demand for bio-pesticides from the agriculture sector to drive the growth of India pesticide formulation market.
According to
TechSci Research report, “India Pesticide Formulation Market By Type, By Product
Type, By Component, By Formulation Type, By Application, By Region,
Competition, Forecast & Opportunities, 2025” the India pesticide
formulation market is expected to grow at a steady rate during the forecast
period owing to the initiatives taken by both government and
non-government organizations to increase the awareness regarding the usage of pesticides
among the farmers. However, high cost of pesticides and a shift towards organic
farming can hamper the growth of market during forecast period.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on " India Pesticide Formulation Market"
The India
pesticide formulation market is segmented based on type, product type,
component, formulation type, application, company and regional distribution. Based
on product type, the market can be fragmented into herbicide, insecticide,
fungicide, plant growth regulator and others. The insecticide segment is
expected to hold a significantly large market share during the forecast years.
This can be ascribed to the incidences of crop damages such as the whitefly
menace in Punjab & adjoining areas, as a result of which the farmers are
using insecticides to protect their crop.
Bayer Crop Science
Limited, Syngenta India Limited, BASF India Limited, UPL Limited, ADAMA
Agriculture Solutions Ltd, Rallis India Limited, Insecticide India Limited,
Meghmani Organics Limited, Bharat Rasayan Limited, Cheminova India Limited,
Excel Crop Care Limited, Coromandel International Limited, Atul Limited, Dow
Agro Sciences, Gharda Chemicals Limited and others are some of the
leading players operating in India pesticide formulation market. The companies operating
in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share.
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“India pesticide
formulation market is anticipated to witness growth during the forecast years owing
to the higher demand for food grains by the ever-increasing population and
limited availability of arable land. Additionally, elevation in exports, growth
in horticulture & floriculture and increasing public awareness regarding
pesticides and biopesticides in the country are further expected to propel the
market during the next five years.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India Pesticide Formulation Market By Type, By
Product Type, By Component, By Formulation Type, By Application, By Region,
Competition, Forecast & Opportunities, 2025” has evaluated
the future growth potential of India pesticide formulation market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India pesticide formulation market.
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