India crop protection market overview

India Crop Protection Market

Summary This report gives an in-depth analysis of crop protection industry in India. Crop protection is the science and practice of managing plant diseases, weeds and other pests (both vertebrate and invertebrate) that damage agricultural crops and forestry. Agricultural crops include field crops (maize, wheat, rice, etc.), vegetable crops (potatoes, cabbages, etc.) and fruits. The crops in field are exposed to many factors. Insects, birds, rodents, bacteria, etc may damage the crop plants. Crop protection encompasses pesticide-based approaches such as herbicides, insecticides and fungicides.

While farmers have been doing pest management since the onset of agricultural production, the discovery of the pesticidal properties of synthetic chemicals in the middle of the 20th century has transformed agriculture. Dichloro-Diphenyl-Trichloroethane (DDT) is perhaps the best known chemical pesticide. DDT was discovered as an insecticide in 1939 and was used extensively in agriculture, and for public health program. Subsequently, other insecticides, herbicides, and fungicides were developed.

Their large-scale use started in farming in industrialized countries, resulting in large increases in production and/or cost savings on labor.

The first Green Revolution, which began in the 1960s, made high yielding crop varieties available to developing countries, especially in Asia. Exploitation of the production potential of these varieties stimulated the use of fertilizer and pesticides. This dynamic led to large increases in food production in many countries but also to growing pesticide use.

India is the fourth largest producer of agrochemicals globally, after United States, Japan and China. The crop protection industry is a significant industry for the Indian economy.

According to “India Crop Protection Market Overview�, the crop protection market grew with a CAGR of 4.46% between the periods 2010 to 2015.

India’s pesticides consumption is one of the lowest in the world with per hectare consumption of just 0.60 Kg compared to UK (5 Kg/ha) and Japan (12 Kg/ha). In India, paddy accounts for the maximum share of pesticide consumption, followed by cotton.

Indian population is increasing and the per capita size of land decreasing, thus the use of pesticides in India has to improve further. Besides increasing in domestic consumption, the exports by the Indian crop protection industry can be doubled in the in coming years if proper strategies and sophisticated technologies are adopted by the industry.

The industry is seeing various strategic alliances between the major players regarding research and development to come up with new molecules, as the cost is huge joining hands enables the market players to remain cost competitive.

Key Product Type • Insecticide • Herbicide • Fungicide • Bio-pesticide • Others

Table of Content Executive Summary India Crop Protection Market Outlook Market Size By Value Market Size By Volume Market Share Production Company Profiles

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