India 2,4-D Herbicide Market- Trend Analysis & Forecast
Description
India 2,4-D Herbicide Market Overview:
The 2,4-D herbicide market in India has grown steadily, reaching an estimated value of US$ ** million in 2023, driven by its broad-spectrum weed control in major crops like rice, wheat, and sugarcane, which together cover over half of India's cultivated land. Consumption stood at ** thousand tonnes in FY 2023, representing **% of the total herbicide market by volume. Priced between US$ ** per kg, 2,4-D remains cost-effective compared to alternatives. Labor shortages and rising wages—up 11.5% from 2018 to 2023—have increased herbicide reliance, while government-supported programs have improved access to registered formulations, now exceeding 45 as per CIBRC records.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the India 2,4-D herbicide market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
The market’s expansion is underpinned by the rise in herbicide-resistant weeds, with Punjab reporting resistance in 38% of wheat fields in 2023, up from 22% in 2018. Labor attrition, declining by 12.6% since 2016, has boosted herbicide adoption, increasing per-acre usage by 14%. Government subsidies—exceeding INR 8,200 crore in FY 2023—have strengthened agrochemical uptake. The introduction of 2,4-D-based combinations has improved weed control and yields, with maize yields rising up to 17% as per a 2022 ICAR study. Drone-based spraying is also expanding rapidly, with coverage surpassing ** thousand hectares in FY2024, reflecting the transition to tech-enabled precision farming.
Market Restraints & Challenges
The market faces significant headwinds from environmental scrutiny and regulatory risks, as seen in the 2021 proposal to ban 27 pesticides including 2,4-D ester. Counterfeit products made up **% of the rural herbicide market in 2023, costing legal producers around US$ ** million annually. Climate variability, especially erratic monsoons, affected herbicide efficacy in **% of surveyed fields in Karnataka and Odisha in 2023. Volatility in raw material costs, such as a **% spike in chlorophenol prices in Q3 FY 2023, continues to strain margins for manufacturers dependent on imported feedstocks.
Market Segmentation
India’s 2,4-D market is primarily segmented by formulation, crop type, and application method. Acid formulations led with a **% share in 2023, followed by esters at **% and salts at **%. Rice remains the dominant crop segment, accounting for **% of total usage, while wheat and maize collectively make up **%. The northern region accounted for **% of consumption in 2023, while eastern states such as Bihar and Odisha are seeing the fastest growth, projected at **% CAGR through 2032 due to rising paddy cultivation and improved farm mechanization.
Competitive Landscape
The market is moderately consolidated, with five leading firms controlling over **% of total market share. Atul Ltd., with a capacity of over ** thousand MT of 2,4-D acid, leads the market, followed by Meghmani Organics at ** thousand MT. Crystal Crop Protection recorded a **% increase in herbicide revenue in FY 2023, thanks to strong demand for 2,4-D products. UPL’s acquisition of a drone delivery startup and Rallis India’s alliance with a Japanese agrochemical firm signal growing focus on next-gen application methods. Indian firms have invested over US$ ** million in eco-friendly formulation technologies and R&D to strengthen global competitiveness and reduce regulatory risk.
Outlook
The Indian 2,4-D herbicide market is projected to grow at a CAGR of **%, reaching US$ ** million by 2030, supported by increased mechanization, expanded cropping in eastern and southern states, and robust export growth. Drone spraying and combination formulations are expected to account for over **% of total sales by 2030. Despite regulatory and environmental concerns, India’s expanding production base and global price-setting role will ensure continued dominance in the 2,4-D supply chain. Future growth will depend on innovation, sustainable practices, and maintaining price competitiveness in global markets.
Scope of the Report:
• Historical Years: 2018-2022
• Base Year: 2023
• Forecast Period: 2024-2032
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Formulation (Acids, Esters, and Salt Derivatives)
By Crop (Field Crops, Orchard Crops, and Others)
By Sales (Domestic Consumption and Exports/ Imports)
• Companies Profiled: The market players include, UPL Limited, Gharda Chemicals, Excel Crop Care Limited, Crystal Crop Protection, Atul Ltd., Aimco Pesticides Ltd., Dhanuka Agritech Ltd., Meghmani Organics Ltd., Adama, Bayer CropScience, Indofil Industries Limited, Nagarjuna Agrichem Limited, Sharda Cropchem Ltd., Corteva Agriscience, Sumitomo Chemical India Ltd., and Others.
The 2,4-D herbicide market in India has grown steadily, reaching an estimated value of US$ ** million in 2023, driven by its broad-spectrum weed control in major crops like rice, wheat, and sugarcane, which together cover over half of India's cultivated land. Consumption stood at ** thousand tonnes in FY 2023, representing **% of the total herbicide market by volume. Priced between US$ ** per kg, 2,4-D remains cost-effective compared to alternatives. Labor shortages and rising wages—up 11.5% from 2018 to 2023—have increased herbicide reliance, while government-supported programs have improved access to registered formulations, now exceeding 45 as per CIBRC records.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the India 2,4-D herbicide market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
The market’s expansion is underpinned by the rise in herbicide-resistant weeds, with Punjab reporting resistance in 38% of wheat fields in 2023, up from 22% in 2018. Labor attrition, declining by 12.6% since 2016, has boosted herbicide adoption, increasing per-acre usage by 14%. Government subsidies—exceeding INR 8,200 crore in FY 2023—have strengthened agrochemical uptake. The introduction of 2,4-D-based combinations has improved weed control and yields, with maize yields rising up to 17% as per a 2022 ICAR study. Drone-based spraying is also expanding rapidly, with coverage surpassing ** thousand hectares in FY2024, reflecting the transition to tech-enabled precision farming.
Market Restraints & Challenges
The market faces significant headwinds from environmental scrutiny and regulatory risks, as seen in the 2021 proposal to ban 27 pesticides including 2,4-D ester. Counterfeit products made up **% of the rural herbicide market in 2023, costing legal producers around US$ ** million annually. Climate variability, especially erratic monsoons, affected herbicide efficacy in **% of surveyed fields in Karnataka and Odisha in 2023. Volatility in raw material costs, such as a **% spike in chlorophenol prices in Q3 FY 2023, continues to strain margins for manufacturers dependent on imported feedstocks.
Market Segmentation
India’s 2,4-D market is primarily segmented by formulation, crop type, and application method. Acid formulations led with a **% share in 2023, followed by esters at **% and salts at **%. Rice remains the dominant crop segment, accounting for **% of total usage, while wheat and maize collectively make up **%. The northern region accounted for **% of consumption in 2023, while eastern states such as Bihar and Odisha are seeing the fastest growth, projected at **% CAGR through 2032 due to rising paddy cultivation and improved farm mechanization.
Competitive Landscape
The market is moderately consolidated, with five leading firms controlling over **% of total market share. Atul Ltd., with a capacity of over ** thousand MT of 2,4-D acid, leads the market, followed by Meghmani Organics at ** thousand MT. Crystal Crop Protection recorded a **% increase in herbicide revenue in FY 2023, thanks to strong demand for 2,4-D products. UPL’s acquisition of a drone delivery startup and Rallis India’s alliance with a Japanese agrochemical firm signal growing focus on next-gen application methods. Indian firms have invested over US$ ** million in eco-friendly formulation technologies and R&D to strengthen global competitiveness and reduce regulatory risk.
Outlook
The Indian 2,4-D herbicide market is projected to grow at a CAGR of **%, reaching US$ ** million by 2030, supported by increased mechanization, expanded cropping in eastern and southern states, and robust export growth. Drone spraying and combination formulations are expected to account for over **% of total sales by 2030. Despite regulatory and environmental concerns, India’s expanding production base and global price-setting role will ensure continued dominance in the 2,4-D supply chain. Future growth will depend on innovation, sustainable practices, and maintaining price competitiveness in global markets.
Scope of the Report:
• Historical Years: 2018-2022
• Base Year: 2023
• Forecast Period: 2024-2032
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Formulation (Acids, Esters, and Salt Derivatives)
By Crop (Field Crops, Orchard Crops, and Others)
By Sales (Domestic Consumption and Exports/ Imports)
• Companies Profiled: The market players include, UPL Limited, Gharda Chemicals, Excel Crop Care Limited, Crystal Crop Protection, Atul Ltd., Aimco Pesticides Ltd., Dhanuka Agritech Ltd., Meghmani Organics Ltd., Adama, Bayer CropScience, Indofil Industries Limited, Nagarjuna Agrichem Limited, Sharda Cropchem Ltd., Corteva Agriscience, Sumitomo Chemical India Ltd., and Others.
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