Latest News- Pesticide Market in India: Herbicides is expected to lead the Product segment during 2025-2029

The Pesticide Market in India is being driven by Increased use of herbicides

The Pesticide Market in India is expected to grow at a CAGR of 4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 571.4 million. In the agro industry, nanotechnology and nanoparticles are revolutionizing the production of eco-friendly insecticides, gaining significant traction in the Indian pesticide market. The pharmaceutical, medical device, and chemical sectors have already experienced transformative growth through nanoparticle integration. Given the toxic nature of many insecticides, nanotechnology offers a promising solution for enhancing safety. Furthermore, the potential for reducing the quantity of insecticides required through research and development is a significant market driver. These factors are anticipated to fuel the expansion of the Indian pesticide market during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Herbicides
  • Insecticides
  • Fungicides
  • Others
• Crop Type
  • Cereals and grains
  • Vegetables and fruits
  • Oilseeds and pulses
  • Commercial crops
  • Others
• Type
  • Synthetic pesticides
  • Biopesticides
• Formulation
  • Liquid
  • Granules
  • Powder
  • Gels
• Geography
  • India

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased use of herbicides
• Growing demand in rural sector
• Shrinking arable land for agriculture

However, the market also witnesses some limitations, which are as follows:

• Presence of alternative techniques for pesticides
• Growing concerns related to health risks due to exposure
• Growing interest in organic pesticide products

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Market Scope in Pesticide Market in India Research Report

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Research Analysis Overview

The Indian pesticide market plays a crucial role in enhancing agricultural productivity, ensuring food security, and mitigating blemishes and damages to plants and animals. Pesticide substances are essential for safeguarding crops from yield loss due to pests and diseases. Training initiatives are vital for farmers to effectively use pesticides. Urbanization and population growth increase food demands, necessitating higher crop yields. Arable land, credit facilities, and farm loans also influence pesticide usage. Food security remains a priority as pesticides help protect produce from damage and maintain the yield of various crops, meeting the demands of India's growing population.

Market Research Overview

The Indian pesticide market is a significant segment of the global fertilizers and agricultural chemicals industry, encompassing the production of insecticides, herbicides, fungicides, nematicides, and biofertilizers. The market's expansion is driven by several key factors, including the need for increased agricultural productivity to ensure food security for a growing population and the shift towards large-scale farming practices. The Indian government's initiatives to promote agricultural growth and self-sufficiency further fuel market growth. Vendors in this sector are continuously launching new products to cater to evolving farmer needs and maintain a competitive edge. According to Technavio, the global fertilizer and agricultural chemicals market is expected to grow due to the increasing number of product launches and the demand for high-quality produce.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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