Business Opportunities in Agriculture: 150 Field Interviews (Book)

Current state of the Indian Pesticide industry with past trends

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Bharatbook added a new report on "Indian Pesticides Industry" which gives the demand and the Indian government policies for developing the Pesticide Industry market.

Indian Pesticides Industry

Indian Pesticides Industry... exports leading growth momentum

Agriculture is the lynchpin of the Indian economy. Ensuring food security for more than 1 bn Indian population with diminishing cultivable land resource is a herculean task. This necessitates use of high yielding variety of seeds, balance use of fertilisers, judicious use of quality pesticides along with education to farmers and the use of modern farming techniques. ( Indian Pesticides Industry - Business Market Reports )

Per hectare consumption of pesticide is low in India at 381 grams when compared to the world average of 500 grams. Low consumption can be attributed to fragmented land holdings, lower level of irrigation, dependence on monsoons, low awareness among farmers about the benefits of usage of pesticides etc. India, being a tropical country, the consumption pattern is also more skewed towards insecticides which accounted for 62% of the total pesticide consumption in FY08. Rice is the highest pesticides consuming crop. Of the total pesticides consumption, 25.9% is consumed by rice. Andhra Pradesh is the highest pesticides consuming state (23%) followed by Punjab & Maharashtra.

India due to its inherent strength of low-cost manufacturing and qualified low-cost manpower is a net exporter of pesticides to countries such as USA and some European & African countries. Exports formed 49.5% of total industry turnover in FY08 and have grown at a Compounded Annual Growth Rate (CAGR) of 29.05% from FY04 to FY08. With the advent of the Integrated Pest Management (IPM) technique, the use of biopesticides and Genetically Modified (GM) seeds has increased. Globally, GM seeds are used mainly for commercial crops like cotton, maize, soyabean and canola. In India, Bt cotton is widely used and the acreage stood at 7.61 mn ha for 2008, a growth of 23% over the previous year. Use of GM seeds may diminish the use of insecticides but the use of herbicides may improve.

The demand for pesticides can be augmented only through sustainable growth in agriculture. With the government’s focus on development of the agriculture sector, the industry may see a better future. The Indian pesticide industry is also likely to move towards the global product mix, with an increase in the use of herbicides and fungicides. Exports will continue to remain the growth driver.

The report elucidates facts about the Indian pesticides industry, supplemented by latest available data. Emphasis is laid on the following topics to accomplish the report:

* The current state of the Indian Pesticide industry with past trends.
* Types of pesticides and rationale for their usage.
* Safety Aspects – human and environment safety due to use of pesticides. Impact of non-judicious usage and steps to be undertaken for judicious usage.
* Industry features elaborated with respect to seasonality of demand, fragmented structure, low R&D expense and regulatory framework.
* Demand drivers, state-wise, category-wise and crop-wise pesticides consumed for the period FY1996-97 to FY2008-09.
* Import – Export trend with quantitative and price data for the period FY2000-01 to FY2008-09.
* Details on marketing strategies adopted by Indian companies, their market share, cost analysis and key products/brands.
* Use of bio-pesticides and Genetically Modified (GM) seeds and its impact on the domestic pesticides industry.
* Data on global pesticides consumption from 2003 to 2008 and of GM seeds from 2002 to 2008
* A brief overview of five major pesticide companies in India with their three years latest available financial data.

For more information kindly visit : Indian Pesticides Industry - Business Market Reports

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Business Opportunities in Agriculture: 150 Field Interviews (Book)

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