Growing demand for bio-pesticides from the agriculture sector to drive the growth of India’s pesticide formulation market. According to TechSci Research report, “India Pesticide Formulation Market By Type, By Product Type, By Component, By Formulation Type, By Application, By Region, Competition, Forecast & Opportunities, 2025” the India pesticide formulation market is expected to grow at a steady rate during the forecast period owing to the initiatives taken by both government and non-government organizations to increase the awareness regarding the usage of pesticides among the farmers. However, the high cost of pesticides and a shift towards organic farming can hamper the growth of the market during the forecast period.
Important Elements of Indian Pesticide Formulation Market
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The Indian pesticide formulation market is segmented based on type, product type, component, formulation type, application, company, and regional distribution. Based on product type, the market can be fragmented into herbicide, insecticide, fungicide, plant growth regulator, and others. The insecticide segment is expected to hold a significantly large market share during the forecast years. This can be ascribed to the incidences of crop damage such as the whitefly menace in Punjab & adjoining areas, as a result of which the farmers are using insecticides to protect their crops.
The Major competitors of the India Pesticide Formulation Market
- Bayer Crop Science Limited
- Syngenta India Limited
- BASF India Limited
- UPL Limited
- ADAMA Agriculture Solutions Ltd
- Rallis India Limited
- Insecticide India Limited
- Meghmani Organics Limited
- Bharat Rasayan Limited
- Cheminova India Limited
- Excel Crop Care Limited
- Coromandel International Limited
- Atul Limited
- Dow Agro Sciences
- Gharda Chemicals Limited, and others are some of the leading players operating in India’s pesticide formulation market. The companies operating in the market are using organic strategies such as product launches, mergers, and collaborations to boost their share.
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“India pesticide formulation market is anticipated to witness growth during the forecast years owing to the higher demand for food grains by the ever-increasing population and limited availability of arable land. Additionally, elevation in exports, growth in horticulture & floriculture, and increasing public awareness regarding pesticides and biopesticides in the country are further expected to propel the market during the next five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Pesticide Formulation Market By Type, By Product Type, By Component, By Formulation Type, By Application, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Indian pesticide formulation market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India pesticide formulation market.
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