Crop protection assumes an important place in the Indian agricultural economy owing to the existence of factors such as high population growth, declining arable land and increasing water scarcity, thus supporting the fact that more food needs to be cultivated from less land and resources.
The India pesticides market has witnessed remarkable growth in terms of volume of pesticides produced over the last seven years. India was observed as the 4th largest producer of pesticides in the world after the US, Japan and China and the second largest producer of pesticides in the entire Asian region during FY’2015.
The India pesticides market has witnessed remarkable growth in terms of volume of pesticides produced over the last seven years. Apart from the rising government efforts, a number of oral care pesticides companies in India have been constantly promoting and encouraging Eco-friendly pesticides with various initiatives such as increasing sate wise sales point, campaigns to enhance knowledge amongst farmers about benefits of using pesticides and others. These initiatives and programmes have been one of the vital factors for double digit growth in market for technical pesticides in the country.
In the Indian market, different types of pesticides are available such as Insecticides, Fungicides and Herbicides. The India pesticides market has been dominated by major multinational companies such as Bayer Crop Science, Syngenta India, and Monsanto India. The market has also witnessed strong presence of certain domestic player including Insecticides India Limited, Dhanuka Agritech and Rallis India amongst others.
India technical pesticides market holds a great potential owing increased awareness amongst Indian farmers, rising product innovation and declining prices of pesticides.
Bio-pesticides are basically the environment friendly alternative to chemical pesticides for the purpose of pest management. The growth in the bio-pesticides market revenues has been immensely attributed to the higher sales that have taken over the past few years. This growth in the sales has been primarily witnessed in the backdrop of increased consumer awareness and discretionary spending on natural foods, food safety measures and quality. Organic farming has been another important market trend that has provided significant impetus to the market, also the efforts laid in the direction of IPM and ICM has helped in producing significant results in terms of the market revenue.
The demand for indigenous Biopesticides has dominated the overall Biopesticides market. Neem, Limonene and Linalool, Rotenone, Ryania are some of the major indigenous Biopesticides in India, whereas imported Biopesticides accounted for meager share. The major players in the organized bio-pesticides market were Pest Control India, International Panaacea Limited, T Stanes and others.
The Pest Control Services industry includes firms that are involved in the professional management of pests, termites, rodents, and other species, which are harmful to the environment and can cause health issues. The industry caters to both residential customers and commercial establishments.
The market in the past has always been flooded with self use products, such as insecticide sprays, or the unorganized local players. With only two national players, Pest Control India and Hicare in the market, two multinationals players such as Rentokil and SIS-Terminix, the market for pest control service in India is still in very nascent stage.
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