Indian Pesticides Market Size, Trends, Business Opportunities, Growth & Forecast 2023-2028

According to the latest report by IMARC Group, titled "Indian Pesticides Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" the Indian pesticides market size reached INR 229.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 342.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.

Indian Pesticides Market Overview:

Pesticides are substances used to prevent, control, or eliminate pests that can harm crops, plants, and sometimes even animals. Pests can range from insects, weeds, and fungi to rodents and birds. The primary aim of using pesticides is to enhance agricultural productivity by reducing crop damage and loss due to these pests. When applied correctly, pesticides ensure a higher yield of produce, which is vital for food security in many regions.

Pesticides can be categorized into various types, such as insecticides, herbicides, fungicides, and rodenticides. Each type is formulated to target specific pests without harming the crops. They help in producing crops free from blemishes and damage, leading to better quality and aesthetically pleasing produce. They also allow for the cultivation of crops on a large scale by effectively managing pests. Large-scale farming can be more efficient and help meet the food demands of growing populations.

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Indian Pesticides Market Trends:

The market in India is majorly driven by the expanding population. Moreover, the pressing need to improve agricultural productivity is further supporting the market. Pesticides play a critical role in ensuring that crops are protected from pests, thus maximizing yield. The Indian government has been supportive of the agriculture sector, introducing various schemes and subsidies that promote the use of quality pesticides. Efforts to educate farmers about the judicious use of pesticides also drive demand.

Furthermore, the growing demand for Indian agricultural produce is on the rise. To meet international standards and ensure the quality of exports, the use of approved pesticides is essential. Besides, the increased awareness among farmers about the benefits of using certified pesticides, coupled with training initiatives by both government and private entities, has boosted the market.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/indian-pesticides-market

Key Market Segmentation:

Breakup by Product type:

• Synthetic Pesticides
• Biopesticides

Breakup by Crop Type:

• Cereals
• Vegetables
• Fruits
• Plantation Crops
• Others

Breakup by Formulation:

• Liquid Pesticides
• Dry Pesticides

Breakup by Segments:

• Insecticides
• Fungicides
• Herbicides
• Others

Competitive Landscape:

The competitive landscape of the market has also been examined in the report and the profiles of key players have also been provided.

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