India Crop Protection Chemicals Market to Witness Significant Growth through 2025
Need to enhance crop productivity is expected to drive the growth of India crop protection chemicals market.
According
to TechSci Research report, “India Crop Protection
Chemicals Market By Type (Herbicides; Insecticides; Fungicides; Plant Growth
Regulators; and Others), By Origin (Synthetic Vs. Biopesticides), By Form
(Liquid and Solid), By Mode of Application (Foliar Spray; Seed Treatment; Soil
Treatment; and Others), By Region, Forecast & Opportunities, 2025”, the India crop protection chemicals market is expected to
grow at a substantial rate during the forecast period on account of decreasing
arable land. Additionally, increasing production of cereals, grains, fruits
& vegetables, in the country, owing to surging food demand, is expected to
have a positive impact on the growth of market. Furthermore, rising
implementation of advanced farming techniques is further propelling the market
growth in the country. Moreover, continuously rising population coupled with resultant
increase in the demand for food, is anticipated to bolster the growth of market
through 2025. Growing popularity of less toxic and ecofriendly crop protection
chemicals such as biopesticides, organic fertilizers, is further anticipated to
aid the market growth in the years to come. However, there are certain factors
that might act as major impediments to the growth of India crop protection
chemicals market through 2025 such as growing prevalence of health hazards by
using crop protection chemicals. Moreover, lack of awareness regarding dosage along
with proper application of crop protection chemicals might also slow down the
growth of market in upcoming years.
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The India crop protection chemicals market is segmented based on type,
origin, form, mode of application, company and region. Based on mode of
application, the market can be segmented into foliar spray, seed treatment,
soil treatment and others. Out of these, the foliar spray method of application
dominated the market until 2019 and is further anticipated to maintain its
dominance during the forecast period as well. This dominance can be attributed
to the fact that foliar fertilization of crops offers certain advantages when
compared to soil-applied fertilizers. This is because the nutrients are applied
and taken-up directly by their target organs, which provides a specific and
rapid response. In addition to this, the soil with its chemical, physical and
biological complexities acts as a barrier and a buffering medium, because of
which, the foliar spray method is projected to grow in the years to come. In
terms of type, the market can be categorized into herbicides, insecticides,
fungicides, plant growth regulators and others. Among these, the insecticides
segment is expected to register significant growth in the market over the next
few years, which can be accredited to their extensive use during staple crop
cultivation as crops are highly attacked by insects.
BASF India Ltd., Dow Chemical
India Private Ltd., E.I. du Pont India Private Limited, Sumitomo Chemical
India, Syngenta India Ltd., Bayer Cropscience Ltd., FMC India Pvt Ltd, Nufarm
Agri Science Pvt. Ltd., Valent Biosciences, Cheminova India Ltd and
others are some of the leading players operating in India crop protection
chemicals market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share and expand their geographic reach.
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“India
crop protection chemicals
market is expected witness significant growth until 2025, which is attributable to continuous
advancements in the development of crop protection techniques against pests,
insects, weeds, etc. Additionally, key manufacturers are also setting up their
manufacturing units in the country and focusing more on research and
developmental activities, which is expected to positively impact the market
growth through 2025.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“India Crop Protection
Chemicals Market By Type (Herbicides; Insecticides; Fungicides; Plant Growth
Regulators; and Others), By Origin (Synthetic Vs. Biopesticides), By Form
(Liquid and Solid), By Mode of Application (Foliar Spray; Seed Treatment; Soil
Treatment; and Others), By Region, Forecast & Opportunities, 2025”,” has evaluated the
future growth potential of India crop protection chemicals 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 crop protection chemicals market.
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