India Crop Protection Chemicals Market Size

The India Crop Protection Chemicals Market is projected to experience growth over the forecast period, driven by factors such as increasing population and rising food demand. Insecticides dominate the market share, followed by herbicides and fungicides, due to the significant economic impact of insect pests on crops. While nematicides currently hold a smaller market share, they present potential for growth due to their role in mitigating yield losses from plant parasitic nematodes. The market's expansion is further supported by the need for enhanced crop productivity and the management of pest and disease incidences.

INSTANT ACCESS

Home Market Analysis Agriculture Research Crop Protection Research Pesticide Industry in India Market Size

Market Size of india crop protection chemicals Industry

India Crop Protection Chemicals Market Summary
share button
svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 2.48 Billion
svg icon Market Size (2029) USD 3.13 Billion
svg icon Largest Share by Function Insecticide
svg icon CAGR (2024 - 2029) 4.72 %
svg icon Fastest Growing by Function Herbicide

Major Players

India Crop Protection Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?

1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE
KNOW MORE

India Crop Protection Chemicals Market Analysis

The India Crop Protection Chemicals Market size is estimated at 2.48 billion USD in 2024, and is expected to reach 3.13 billion USD by 2029, growing at a CAGR of 4.72% during the forecast period (2024-2029).

2.48 Billion

Market Size in 2024 (USD)

3.13 Billion

Market Size in 2029 (USD)

3.66 %

CAGR (2017-2023)

4.72 %

CAGR (2024-2029)

Largest Segment By Function

72.04 %

value share, Insecticide, 2023

Icon image

Major growing crops are vulnerable to various insect pests such as stem borers, leaf folders, and weevils, causing severe economic loss and necessitating insecticide application.

Fastest-growing Segment by Function

9.06 %

Projected CAGR, Herbicide, 2024-2029

Icon image

Increasing weed infestations have caused a yield loss of an overall 45% of the agricultural sector in the country, and other economic factors have enhanced the herbicide adoption rate.

Largest Segment by Crop Type

44.67 %

value share, Grains & Cereals, 2023

Icon image

Frequent crop infestations by various pests and diseases, extending cultivation areas, and intensive agricultural practices are boosting the growth of the market for pesticide products in these crops.

Leading Market Player 1

22.48 %

market share, Bayer AG, 2022

Icon image

Bayer AG has enhanced its product offering in the country through various partnerships, expansions in R&D facilities, and new and innovative product innovation, helping achieve the growth of the market.

Leading Market Player 2

16.57 %

market share, FMC Corporation, 2022

Icon image

FMC strengthens its market growth with its expanding product portfolio by adding new products like Talstar Plus, Austral, and Corprima to provide effective solutions.

The market for pesticides is driven by increasing pest and disease incidence

  • The Indian crop protection chemicals market experienced consistent growth over the years, with a market value of USD 2.3 billion in 2022, driven by factors such as increasing population, rising food demand, and the need to protect crops from pests, diseases, and weeds.
  • Insecticides are the most used crop protection chemicals, with a market share of 72.5% in 2022, followed by herbicides and fungicides, with a market share of 13.4% and 8.9%, respectively. This is attributed to the economic damage that insect pests can cause in a variety of crop types. Aphids, leafhoppers, stem borers, and armyworms are the dominant insect pests that affect the production of major crops in India.
  • Nematicides accounted for a share of 2.6% in 2022. Although the current market share is relatively less, these pesticides have higher scope for market growth as plant parasitic nematodes are known to cause an annual yield loss of 21.3% in India, which amounts to USD 1.58 billion annually, affecting various economically important crops grown in the country. For instance, rice (the most grown crop in India) is susceptible to root-knot nematode, Meloidogyne graminicola, leading to annual economic losses of 296.1 million.
  • Similarly, around 40-45 plantations spanning 300 acres of land in the northern parts of Kodagu, India, have suffered significant losses due to mollusk infestations. However, the farmers in Kodagu have achieved a 90% reduction in the infestation by primarily utilizing molluscicides, which may result in market growth.
  • Due to factors like increasing pest and disease incidence in the country and the need for higher crop productivity, the market is estimated to register a CAGR of 4.6% during the forecast period.
India Crop Protection Chemicals Market

India Crop Protection Chemicals Industry Segmentation

Fungicide, Herbicide, Insecticide, Molluscicide, Nematicide are covered as segments by Function. Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment are covered as segments by Application Mode. Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental are covered as segments by Crop Type.

  • The Indian crop protection chemicals market experienced consistent growth over the years, with a market value of USD 2.3 billion in 2022, driven by factors such as increasing population, rising food demand, and the need to protect crops from pests, diseases, and weeds.
  • Insecticides are the most used crop protection chemicals, with a market share of 72.5% in 2022, followed by herbicides and fungicides, with a market share of 13.4% and 8.9%, respectively. This is attributed to the economic damage that insect pests can cause in a variety of crop types. Aphids, leafhoppers, stem borers, and armyworms are the dominant insect pests that affect the production of major crops in India.
  • Nematicides accounted for a share of 2.6% in 2022. Although the current market share is relatively less, these pesticides have higher scope for market growth as plant parasitic nematodes are known to cause an annual yield loss of 21.3% in India, which amounts to USD 1.58 billion annually, affecting various economically important crops grown in the country. For instance, rice (the most grown crop in India) is susceptible to root-knot nematode, Meloidogyne graminicola, leading to annual economic losses of 296.1 million.
  • Similarly, around 40-45 plantations spanning 300 acres of land in the northern parts of Kodagu, India, have suffered significant losses due to mollusk infestations. However, the farmers in Kodagu have achieved a 90% reduction in the infestation by primarily utilizing molluscicides, which may result in market growth.
  • Due to factors like increasing pest and disease incidence in the country and the need for higher crop productivity, the market is estimated to register a CAGR of 4.6% during the forecast period.
Function
Fungicide
Herbicide
Insecticide
Molluscicide
Nematicide
Application Mode
Chemigation
Foliar
Fumigation
Seed Treatment
Soil Treatment
Crop Type
Commercial Crops
Fruits & Vegetables
Grains & Cereals
Pulses & Oilseeds
Turf & Ornamental
Need A Different Region Or Segment?
Customize Now

India Crop Protection Chemicals Market Size Summary

The India Crop Protection Chemicals Market has been experiencing steady growth, driven by the increasing demand for food due to the rising population and the necessity to safeguard crops from pests, diseases, and weeds. Insecticides dominate the market, reflecting their critical role in mitigating economic losses caused by insect pests such as aphids and armyworms. The diverse Indian climate supports the cultivation of various crops, but it also presents challenges like weed infestations and fungal diseases, which contribute significantly to annual crop losses. As a result, farmers are increasingly relying on pesticides to maintain crop yields, although the emergence of herbicide-resistant weeds poses a new challenge, potentially leading to higher herbicide application rates.

The market is characterized by a high level of consolidation, with major players like Bayer AG, Corteva Agriscience, FMC Corporation, Sumitomo Chemical Co. Ltd, and UPL Limited holding significant market shares. These companies are actively innovating and expanding their product offerings to address the evolving needs of Indian farmers. Government initiatives aimed at boosting the rural economy and increasing farmers' incomes are expected to further influence the market dynamics. The market's growth trajectory is supported by the ongoing demand for effective crop protection solutions, as well as the strategic partnerships and product launches by key industry players.

Explore More >

India Crop Protection Chemicals Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Function

      1. 1.1.1 Fungicide

      2. 1.1.2 Herbicide

      3. 1.1.3 Insecticide

      4. 1.1.4 Molluscicide

      5. 1.1.5 Nematicide

    2. 1.2 Application Mode

      1. 1.2.1 Chemigation

      2. 1.2.2 Foliar

      3. 1.2.3 Fumigation

      4. 1.2.4 Seed Treatment

      5. 1.2.5 Soil Treatment

    3. 1.3 Crop Type

      1. 1.3.1 Commercial Crops

      2. 1.3.2 Fruits & Vegetables

      3. 1.3.3 Grains & Cereals

      4. 1.3.4 Pulses & Oilseeds

      5. 1.3.5 Turf & Ornamental

India Crop Protection Chemicals Market Size FAQs

The India Crop Protection Chemicals Market size is expected to reach USD 2.48 billion in 2024 and grow at a CAGR of 4.72% to reach USD 3.13 billion by 2029.

In 2024, the India Crop Protection Chemicals Market size is expected to reach USD 2.48 billion.

Pesticide Market in India Report Snapshots

India Crop Protection Chemicals Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029