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Market Dynamics
Driver -The increased use of herbicides is notably driving the pesticide market growth in India. vendors are investing heavily in the development of new categories of herbicides that are more effective and environment-friendly. The shift in consumer preferences toward fruits and green vegetables, propelled by the rising awareness regarding health and fitness, fuels the use of herbicides in agricultural applications. Vendors are expanding their product portfolios by launching new variants of herbicides.
Challenge - The factors such as growing concerns over health risks may impede the market growth. Farmers and their families are prone to diseases due to exposure to conventional pesticides. The exposure to higher levels of pesticides among farmers and their families increases their risks for cardiovascular diseases by 40%, for leukemia and lymphoma by 80%, and for prostate cancer among male farmers by 136%.
The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The pesticide market in India analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
Competitive Analysis
The pesticide market in India is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The competitive scenario provided in the pesticide market in India report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
- By Type, the market is classified into herbicides, insecticides, fungicides, and others.
- By Crop Type, the market is classified into vegetables and fruits, oilseeds and pulses, cereals and grains, commercial crops, and others.
Related Reports -
Agricultural Pesticides Market -The agricultural pesticides market has the potential to grow by USD 26.23 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 6.42%. Download a free sample now!
Potash Fertilizers Market -The potash fertilizers market share is expected to increase by 6871.53 thousand tons from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.98%. Download a free sample now!
Pesticide Market In India Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.84% |
Market growth 2022-2026 |
USD 485.94 million |
Market structure |
Fragmented |
YoY growth (%) |
3.00 |
Key consumer countries |
India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
BASF SE, Bayer AG, Bharat Group, Dhanuka Agritech Ltd., Insecticides India Ltd., Meghmani Industries Ltd., PI Industries Ltd., Rallis India Ltd., Sumitomo Chemical Co. Ltd., and UPL Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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