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, 2027”, 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, the 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 the market.
Furthermore, the rising implementation of advanced farming techniques is further propelling the market growth in the country. Moreover, the continuously rising population coupled with a resultant increase in the demand for food is anticipated to bolster the growth of the market through 2027.
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The growing popularity of less toxic and eco-friendly crop protection chemicals such as biopesticides, and 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's crop protection chemicals market through 2027 such as the growing prevalence of health hazards from using crop protection chemicals. Moreover, a lack of awareness regarding dosage along with the proper application of crop protection chemicals might also slow down the growth of the market in the upcoming years.
The India crop protection chemicals market is segmented based on type, origin, form, mode of application, company, and region. Based on the 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.
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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.
“India crop protection chemicals market is expected to witness significant growth until 2027, 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 2027,” 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, 2027”,” has evaluated the future growth potential of India crop protection chemicals market and provides statistics & information on market size, structure and future market growth.
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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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