Market Research Logo

Agrochemical Market in India 2016-2020

An overview of the agrochemicals market in India

Technavio’s research analyst predicts the agrochemical market in India to grow steadily at a CAGR of over 9% during the forecast period. Availability of credit facilities to purchase agrochemicals is the primary driver for the market. The government of India has initiated several policy measures to enable farmers to gain access to credit facilities. These policies emphasize in providing timely and adequate credit support to all farmers. The Indian government has been focusing mostly on small and marginal farmers and the weaker sections of the society, to enable them to adopt modern technology and improved agricultural practices, thereby increasing agricultural production and productivity.

The implementation of integrated pest management (IPM) as a new method of crop protection is another trending factor driving the growth of the agrochemicals market in India. The IPM method is a sustainable approach to pest management that combines biological, mechanical, physical, and chemical methods. These methods are executed in three stages, namely prevention, observation, and intervention.

Product segmentation and analysis of the agrochemicals market in India

  • Insecticides
  • Herbicides
  • Fungicides
  • Bio-pesticides
  • The insecticides segment held the largest share of the agrochemicals market in India during 2015, with a market share of around 56%. The increasing demand for insecticides is driving vendors to consistently enhance their product portfolios through new product launches and by increasing their production capacity. The dominance of this segment is expected to continue over the next five years.

    Competitive landscape and key vendors

    The agrochemicals market in India is dominated by international players who are increasingly expanding their footprint in the market, making it difficult for regional providers to compete with them, especially in terms of features such as quality, technology, and price. The market is expected to witness a lot of mergers and acquisitions over the next five years, wherein regional or local players will be acquired by, or merged with international vendors.

    The leading vendors in the market are -
    • BASF
    • Bayer CropScience
    • Syngenta
    • Rallis
    • UPL
    The other prominent vendors in the market include Dhanuka, Dow Agroscience, Dupont, and Insecticides India.

    Growth drivers, challenges, and upcoming trends - Agrochemicals

    Technavio’s market research analysts highlight upcoming trends such as the introduction of biopesticides, which offer an ecologically sound and effective solution to pest problems. Biopesticides are less harmful and pose less of a threat to the environment and human health.

    This report provides a number of factors contributing to the adoption, limitations, and opportunities of the agrochemicals market in India. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

    Key questions answered in the report
    • What will the market size and the growth rate be in 2020?
    • What are the key factors driving the agrochemicals market in India?
    • What are the key market trends impacting the growth of the agrochemicals market in India?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the vendors in the agrochemicals market in India?
    • What are the key outcomes of the five forces analysis of the agrochemicals market in India?
    Technavio also offers customization on reports based on specific client requirement.

    Related reports
    • Agricultural Machinery Market in India 2015-2019
    • Agriculture Tires Market in India 2015-2019
    • Agricultural Films Market in APAC 2015-2019


    Press Release

    Technavio Announces the Publication of its Research Report – Agrochemicals Market in India 2016-2020
    Technavio recognizes the following companies as the key players in the Agrochemicals Market in India: BASF, Bayer CropScience, Syngenta, Rallis and UPL
    Other Prominent Vendors in the market are: Dhanuka, Dow Agroscience, Dupont, and Insecticides India.
    Commenting on the report, an analyst from Technavio’s team said: “A shortage of farm labor triggered by migration and social welfare schemes such as NREGA is resulting in increased usage of herbicides in the country, which are cheaper and more economical. The rising labor wage component in the total cost of cultivation is also encouraging the use of herbicides and pesticides.”
    According to the report, the government has initiated several policy measures to improve access to credit facilities for farmers. There is particular focus on small and marginal farmers and weaker sections of society to enable them to adopt modern technology and improved agricultural practices in order to increase agricultural production and productivity.
    Further, the report states that with an increase in the adoption of genetically modified seeds, the use of chemical pesticides and herbicides is expected to decrease during the forecast period, thereby slowing down the growth of the market.

    Companies Mentioned

    BASF, Bayer CropScience, Syngenta, Rallis, UPL, Dhanuka, Dow Agroscience, Dupont, Insecticides India.

    • Executive summary
      • Highlights
    • Scope of the report
      • Market overview
      • Top-vendor offerings
        • Table Prominent vendors
    • Market research methodology
      • Research methodology
      • Economic indicators
    • Introduction
      • Key market highlights
      • Regulatory framework
        • Table Pesticides or formulations banned in India
        • Table Pesticides restricted for use in India
    • Market landscape
      • India: Country profile
        • Table India: Country profile 2015
        • Table GDP 2006-2014 ($ trillions)
        • Table Population 2009-2014 (billions)
        • Table Annual inflation in percentage of commodities from 2005-2006 to 2013-2014 (Based on WPI)
        • Table Wholesale price index (WPI)
        • Table Manufacturing PMI 2015
      • Agriculture market in India: An overview
        • Table Agriculture industry in India 2015
        • Table Government initiatives in agriculture sector 2015
        • Table Agriculture as a value addition to GDP 2006-2014 ($ trillions)
        • Table Contribution of industries to India's GDP 2014
        • Table Drivers of agriculture sector in India
        • Table Challenges of agriculture sector in India
        • Table Trends of agriculture sector in India
      • Agrochemicals market in India: An overview
        • Table Agrochemical industry structure
        • Table Global agrochemical market versus agrochemical market in India
        • Table Agrochemical market in India by production 2007-2014 (thousand metric tons)
        • Table Agrochemical market in India by production 2015-2020 (thousand metric tons)
        • Table Agrochemicals market in India by installed capacity 2007-2014 (thousand metric tons)
        • Table Agrochemicals market in India by installed capacity 2005-2020 (thousand metric tons)
        • Table Agrochemical market in India by capacity utilization 2007-2014 (%)
        • Table Agrochemical market in India by capacity utilization 2015-2020
        • Table Agrochemical market in India by consumption 2007-2014 (thousand metric tons)
        • Table Agrochemical market in India by consumption 2015-2020 (thousand metric tons)
      • Five forces analysis
        • Table Five forces analysis
    • Top 10 tech grade products by production, consumption, and installed capacity
      • Table Top 10 tech grade products by production 2013-2014
      • Table Top 10 tech grade products by consumption 2013-2014
    • Product segmentation by consumption
      • Agrochemical market in India by consumption type
        • Table Agrochemical market in India by consumption type 2015-2020 (thousand metric tons)
        • Table Agrochemical market in India by consumption type 2015-2020
        • Table Insecticides market in India 2015-2020 (thousand metric tons)
        • Table Best management practices for planting insecticide-treated seed 2015
        • Table Herbicides market in India 2015-2020 (thousand metric tons)
        • Table Biopesticides market in India 2015-2020 (thousand metric tons)
        • Table Loss caused by pests 2015
        • Table Consumption of agrochemicals in terms of crops 2015
        • Table Consumption of agrochemicals by state 2015
    • Market drivers
      • Table Initiatives taken by government to increase flow of credit
      • Table Arable land per capita (hectare per acre)
    • Impact of drivers
      • Table Impact of drivers
    • Market challenges
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges
    • Market trends
      • Table Components of IPM employed to control pest growth.
      • Table Benefits of biopesticides
    • Vendor landscape
      • Competitive scenario
        • Table Market vendor share analysis 2015
    • Key vendor analysis
      • BASF
        • Table BASF: Business segmentation by revenue 2014
        • Table BASF: Business segmentation by revenue 2013 and 2014
      • Bayer CropScience
        • Table Bayer CropScience: Geographical segmentation by revenue 2015
      • RALLIS
        • Table Rallis: Business segmentation by revenue 2015
        • Table Rallis: Business segmentation by revenue 2014 and 2015
        • Table Rallis: Geographical segmentation by revenue 2015
      • Syngenta
        • Table Syngenta: Business segmentation by integrated sales 2014
        • Table Syngenta: Business segmentation by integrated sales 2013 and 2014 ($ billions)
      • UPL Limited
        • Table UPL: Business segmentation by revenue 2015
        • Table UPL: Business segmentation by revenue 2014 and 2015
        • Table UPL: Product segmentation by revenue 2015
        • Table UPL: Geographical segmentation by revenue 2015
    • Other prominent vendors
      • Table Major brands and technologies by key product line
    • Appendix
      • List of abbreviations
    • Explore Technavio

    Download our eBook: How to Succeed Using Market Research

    Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

    Download eBook

    Share this report