India Fungicide Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 219.00 Million |
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Market Size (2029) | USD 266.50 Million |
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Largest Share by Application Mode | Foliar |
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CAGR (2024 - 2029) | 4.00 % |
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Fastest Growing by Application Mode | Foliar |
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Market Concentration | Medium |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
India Fungicide Market Analysis
The India Fungicide Market size is estimated at 219.00 million USD in 2024, and is expected to reach 266.50 million USD by 2029, growing at a CAGR of 4.00% during the forecast period (2024-2029).
219.00 Million
Market Size in 2024 (USD)
266.50 Million
Market Size in 2029 (USD)
4.18 %
CAGR (2017-2023)
4.00 %
CAGR (2024-2029)
Largest Segment by Application Mode
60.95 %
value share, Foliar, 2023
Farmers can efficiently manage fungal diseases with rapid action for crop health and productivity through foliar application as it directly targets the infected area.
Largest Segment by Crop Type
44.62 %
value share, Grains & Cereals, 2023
Grains and cereals are more susceptible to various fungal diseases, and extending cultivation areas and need to increase productivity, raising fungicide adoption.
Fastest-Growing Segment by Crop Type
4.21 %
Projected CAGR, Commercial Crops, 2024-2029
Increasing demand for these crops in domestic and international markets and increased crop infestation by various disease species increase the fungicide market in these crops.
Leading Market Player 1
14.05 %
market share, UPL Limited, 2022
UPL Limited's product offering includes various fungicide active substances to control fungal diseases like rust, powdery mildew, and white mold, which helps the company's strength.
Leading Market Player 2
12.06 %
market share, Bayer AG, 2022
Bayer focuses on new product launches and improving its distribution channels to provide effective crop protection solutions by partnering with various companies.
The rising fungal diseases are driving the demand for fungicides in various application methods
- Fungicides can be applied using a variety of methods, depending on the specific requirements and diseases. These methods include chemigation, foliar application, fumigation, and seed and soil treatments. These diverse application methods play a crucial role in effectively applying fungicides to various crops, depending on the conditions.
- In 2022, foliar application dominated the fungicide application segment, which held the largest market share of 60.9%. This method was highly preferred as it provides efficient protection against foliar fungal diseases by directly targeting pathogens on leaves. The foliar application facilitates swift penetration and absorption of fungicides into the plant tissues, ensuring their effective action against fungal pathogens.
- Fungicide seed treatments are extensively employed to combat fungal infections in the early stages of plant development. These treatments provide a protective barrier around the seeds, effectively preventing a range of diseases such as seed rots, seedling blights, damping off, and root rots. The fungicide seed treatments segment held a market share of 13.8% in the Indian fungicide market in 2022.
- Grains and cereal crop growers are majorly adopting all the application methods in their cultivation based on the crop stage and insect pests as these crops are more susceptible to insect pests. Foliar insecticide application was majorly adopted by the farmers in these crops.
- The selection of the application mode is influenced by various factors, including the specific target disease, crop type, disease stage, and the availability of equipment. The fungicide market is expected to register a CAGR of 3.9% during the forecast period.
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India Fungicide Market Trends
The changing climate and rising disease pressure are expected to drive the consumption of fungicides
- India is a significant consumer of crop protection chemicals, including fungicides. The country's agricultural sector is large, with diverse types of crops being cultivated, leading to a substantial demand for fungicides. Fungal diseases can significantly reduce agricultural output and quality, resulting in considerable crop losses. Fungicides are essential in the prevention and management of various diseases, maintaining the health and productivity of agricultural production. In 2022, the consumption of fungicides in India per hectare accounted for 101.5 g/ha.
- India has a high crop diversity, ranging from staple food crops like rice and wheat to cash crops like cotton, fruits, and vegetables, creating a varied disease spectrum. Rust, blight, mildew, and rot are a few examples of the devastating effects of fungal diseases on these crops. To mitigate the risks and protect their crops, farmers in India rely on fungicides as an important tool in their disease management strategies.
- Crop intensity is rising in India because of changing agricultural practices and increased food demand. Farmers frequently engage in repeated cropping or increase the number of crop cycles every year. This intensification leads to a higher risk of disease outbreaks, including fungal diseases, and, consequently, a greater need for fungicides. The consumption of fungicides in India per hectare increased by 5.0% from 2017 to 2022.
- The Indian government has developed several plans and programs to encourage the use of crop protection chemicals such as fungicides. The government has pushed farmers to utilize fungicides for disease management through subsidies, extension services, and training programs.
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Climatic changes altering fungal survivability and infectivity as well as host susceptibility, leading to new disease outbreaks
- Fungal diseases are a major threat to important crops. Fungal pathogens cause large yield losses in different crops in India. They are known to be yield-limiting factors in cereals. The fungal infections-related decline in crop yield in India is believed to be approximately 5.0 million tons per year.
- Mancozeb is a broad-spectrum contact fungicide used to control fungal diseases like eyespot, ringspot, blast, scab, leaf mold, powdery mildew, stem bois, stem rot, brown rot, white stem rot, and black stem rot in corn, rice, wheat, vegetables, fruit, sugarcane, and tobacco crops. It was valued at USD 7.7 thousand per metric ton in 2022.
- Propineb is a contact fungicide valued at USD 3.5 thousand per metric ton in 2022. It is used to control various diseases like scab early & late blight dieback, buckeye rot, downy mildew, fruit spots, and brown, narrow leaf spot diseases in apple, potato, chili, and tomato crops.
- Ziram is a basic contact foliar fungicide priced at USD 3.2 thousand per metric ton in 2022. It mainly controls early & late blight of potatoes/tomatoes, downy mildew and black rot of vines and cucurbits, scab of apples, Sigatoka of bananas, and melanose of citrus.
- Climatic changes can affect fungal survivability, infectivity, and host susceptibility, resulting in new disease outbreaks. For instance, the warming trend in climate along the Indian subcontinent's west coast, central, interior peninsula, and northeast regions creates favorable conditions for maize diseases like sorghum downy mildew (SDM) and turcicum leaf blight (TLB). These factors are expected to influence the prices and demand for fungicides.
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India Fungicide Industry Overview
The India Fungicide Market is moderately consolidated, with the top five companies occupying 51.31%. The major players in this market are Bayer AG, PI Industries, Rallis India Ltd, Syngenta Group and UPL Limited (sorted alphabetically).
India Fungicide Market Leaders
Bayer AG
PI Industries
Rallis India Ltd
Syngenta Group
UPL Limited
Other important companies include ADAMA Agricultural Solutions Ltd, BASF SE, Corteva Agriscience, FMC Corporation, Sumitomo Chemical Co. Ltd.
*Disclaimer: Major Players sorted in alphabetical order.
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India Fungicide Market News
- January 2023: Bayer formed a new partnership with Oerth Bio to enhance crop protection technology and create more eco-friendly crop protection solutions.
- October 2021: By investing in a new chemist's center, ADAMA enhanced its R&D capabilities that are aimed to expand and accelerate its own research and development in the field of plant protection.
- May 2021: ADAMA acquired 51% ownership of Huifeng's crop protection manufacturing facilities, resulting in a stronger global product line for the company.
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Along with the report, We also offer a comprehensive and exhaustive data pack with 50+ graphs on insecticide, fungicides, and herbicides consumption per hectare and the average price of active ingredients used in insecticides, fungicides, herbicides, nematicides, and molluscicides. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.
India Fungicide Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Consumption Of Pesticide Per Hectare
2.2. Pricing Analysis For Active Ingredients
2.3. Regulatory Framework
2.3.1. India
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Application Mode
3.1.1. Chemigation
3.1.2. Foliar
3.1.3. Fumigation
3.1.4. Seed Treatment
3.1.5. Soil Treatment
3.2. Crop Type
3.2.1. Commercial Crops
3.2.2. Fruits & Vegetables
3.2.3. Grains & Cereals
3.2.4. Pulses & Oilseeds
3.2.5. Turf & Ornamental
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
4.4.1. ADAMA Agricultural Solutions Ltd
4.4.2. BASF SE
4.4.3. Bayer AG
4.4.4. Corteva Agriscience
4.4.5. FMC Corporation
4.4.6. PI Industries
4.4.7. Rallis India Ltd
4.4.8. Sumitomo Chemical Co. Ltd
4.4.9. Syngenta Group
4.4.10. UPL Limited
5. KEY STRATEGIC QUESTIONS FOR CROP PROTECTION CHEMICALS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- FUNGICIDE CONSUMPTION PER HECTARE, GRAMS, INDIA, 2017 - 2022
- Figure 2:
- ACTIVE INGREDIENT PRICE PER METRIC TON, USD, INDIA, 2017 - 2022
- Figure 3:
- FUNGICIDE VOLUME METRIC TON, INDIA, 2017 - 2029
- Figure 4:
- FUNGICIDE VALUE USD, INDIA, 2017 - 2029
- Figure 5:
- FUNGICIDE MARKET BY APPLICATION MODE, METRIC TON, INDIA, 2017 - 2029
- Figure 6:
- FUNGICIDE MARKET BY APPLICATION MODE, USD, INDIA, 2017 - 2029
- Figure 7:
- VALUE SHARE OF FUNGICIDE BY APPLICATION MODE, %, INDIA, 2017 VS 2023 VS 2029
- Figure 8:
- VOLUME SHARE OF FUNGICIDE BY APPLICATION MODE, %, INDIA, 2017 VS 2023 VS 2029
- Figure 9:
- CROP PROTECTION CHEMICALS APPLIED THROUGH CHEMIGATION, METRIC TON, INDIA, 2017 - 2029
- Figure 10:
- CROP PROTECTION CHEMICALS APPLIED THROUGH CHEMIGATION, USD, INDIA, 2017 - 2029
- Figure 11:
- VALUE SHARE OF CHEMIGATION BY CROP TYPE, %, INDIA, 2022 VS 2029
- Figure 12:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FOLIAR, METRIC TON, INDIA, 2017 - 2029
- Figure 13:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FOLIAR, USD, INDIA, 2017 - 2029
- Figure 14:
- VALUE SHARE OF FOLIAR BY CROP TYPE, %, INDIA, 2022 VS 2029
- Figure 15:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FUMIGATION, METRIC TON, INDIA, 2017 - 2029
- Figure 16:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FUMIGATION, USD, INDIA, 2017 - 2029
- Figure 17:
- VALUE SHARE OF FUMIGATION BY CROP TYPE, %, INDIA, 2022 VS 2029
- Figure 18:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SEED TREATMENT, METRIC TON, INDIA, 2017 - 2029
- Figure 19:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SEED TREATMENT, USD, INDIA, 2017 - 2029
- Figure 20:
- VALUE SHARE OF SEED TREATMENT BY CROP TYPE, %, INDIA, 2022 VS 2029
- Figure 21:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SOIL TREATMENT, METRIC TON, INDIA, 2017 - 2029
- Figure 22:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SOIL TREATMENT, USD, INDIA, 2017 - 2029
- Figure 23:
- VALUE SHARE OF SOIL TREATMENT BY CROP TYPE, %, INDIA, 2022 VS 2029
- Figure 24:
- FUNGICIDE MARKET BY CROP TYPE, METRIC TON, INDIA, 2017 - 2029
- Figure 25:
- FUNGICIDE MARKET BY CROP TYPE, USD, INDIA, 2017 - 2029
- Figure 26:
- VALUE SHARE OF FUNGICIDE BY CROP TYPE, %, INDIA, 2017 VS 2023 VS 2029
- Figure 27:
- VOLUME SHARE OF FUNGICIDE BY CROP TYPE, %, INDIA, 2017 VS 2023 VS 2029
- Figure 28:
- FUNGICIDE CONSUMED BY COMMERCIAL CROPS, METRIC TON, INDIA, 2017 - 2029
- Figure 29:
- FUNGICIDE CONSUMED BY COMMERCIAL CROPS, USD, INDIA, 2017 - 2029
- Figure 30:
- VALUE SHARE OF COMMERCIAL CROPS BY APPLICATION MODE, %, INDIA, 2022 VS 2029
- Figure 31:
- FUNGICIDE CONSUMED BY FRUITS & VEGETABLES, METRIC TON, INDIA, 2017 - 2029
- Figure 32:
- FUNGICIDE CONSUMED BY FRUITS & VEGETABLES, USD, INDIA, 2017 - 2029
- Figure 33:
- VALUE SHARE OF FRUITS & VEGETABLES BY APPLICATION MODE, %, INDIA, 2022 VS 2029
- Figure 34:
- FUNGICIDE CONSUMED BY GRAINS & CEREALS, METRIC TON, INDIA, 2017 - 2029
- Figure 35:
- FUNGICIDE CONSUMED BY GRAINS & CEREALS, USD, INDIA, 2017 - 2029
- Figure 36:
- VALUE SHARE OF GRAINS & CEREALS BY APPLICATION MODE, %, INDIA, 2022 VS 2029
- Figure 37:
- FUNGICIDE CONSUMED BY PULSES & OILSEEDS, METRIC TON, INDIA, 2017 - 2029
- Figure 38:
- FUNGICIDE CONSUMED BY PULSES & OILSEEDS, USD, INDIA, 2017 - 2029
- Figure 39:
- VALUE SHARE OF PULSES & OILSEEDS BY APPLICATION MODE, %, INDIA, 2022 VS 2029
- Figure 40:
- FUNGICIDE CONSUMED BY TURF & ORNAMENTAL, METRIC TON, INDIA, 2017 - 2029
- Figure 41:
- FUNGICIDE CONSUMED BY TURF & ORNAMENTAL, USD, INDIA, 2017 - 2029
- Figure 42:
- VALUE SHARE OF TURF & ORNAMENTAL BY APPLICATION MODE, %, INDIA, 2022 VS 2029
- Figure 43:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, INDIA, 2017-2022
- Figure 44:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, INDIA, 2017-2022
- Figure 45:
- MARKET SHARE OF MAJOR PLAYERS, %, INDIA 2022
India Fungicide Industry Segmentation
Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment are covered as segments by Application Mode. Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental are covered as segments by Crop Type.
- Fungicides can be applied using a variety of methods, depending on the specific requirements and diseases. These methods include chemigation, foliar application, fumigation, and seed and soil treatments. These diverse application methods play a crucial role in effectively applying fungicides to various crops, depending on the conditions.
- In 2022, foliar application dominated the fungicide application segment, which held the largest market share of 60.9%. This method was highly preferred as it provides efficient protection against foliar fungal diseases by directly targeting pathogens on leaves. The foliar application facilitates swift penetration and absorption of fungicides into the plant tissues, ensuring their effective action against fungal pathogens.
- Fungicide seed treatments are extensively employed to combat fungal infections in the early stages of plant development. These treatments provide a protective barrier around the seeds, effectively preventing a range of diseases such as seed rots, seedling blights, damping off, and root rots. The fungicide seed treatments segment held a market share of 13.8% in the Indian fungicide market in 2022.
- Grains and cereal crop growers are majorly adopting all the application methods in their cultivation based on the crop stage and insect pests as these crops are more susceptible to insect pests. Foliar insecticide application was majorly adopted by the farmers in these crops.
- The selection of the application mode is influenced by various factors, including the specific target disease, crop type, disease stage, and the availability of equipment. The fungicide market is expected to register a CAGR of 3.9% during the forecast period.
| Application Mode | |
| Chemigation | |
| Foliar | |
| Fumigation | |
| Seed Treatment | |
| Soil Treatment |
| Crop Type | |
| Commercial Crops | |
| Fruits & Vegetables | |
| Grains & Cereals | |
| Pulses & Oilseeds | |
| Turf & Ornamental |
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Market Definition
- Function - Fungicides are chemicals used to control or prevent fungi from damaging the crop and prevent yield loss.
- Application Mode - Foliar, Seed Treatment, Soil Treatment, Chemigation, and Fumigation are the different type of application modes through which crop protection chemicals are applied to the crops.
- Crop Type - This represents the consumption of crop protection chemicals by Cereals, Pulses, Oilseeds, Fruits, Vegetables, Turf, and Ornamental crops.
| Keyword | Definition |
|---|---|
| IWM | Integrated weed management (IWM) is an approach to incorporate multiple weed control techniques throughout the growing season to give producers the best opportunity to control problematic weeds. |
| Host | Hosts are the plants that form relationships with beneficial microorganisms and help them colonize. |
| Pathogen | A disease-causing organism. |
| Herbigation | Herbigation is an effective method of applying herbicides through irrigation systems. |
| Maximum residue levels (MRL) | Maximum Residue Limit (MRL) is the maximum allowed limit of pesticide residue in food or feed obtained from plants and animals. |
| IoT | The Internet of Things (IoT) is a network of interconnected devices that connect and exchange data with other IoT devices and the cloud. |
| Herbicide-tolerant varieties (HTVs) | Herbicide-tolerant varieties are plant species that have been genetically engineered to be resistant to herbicides used on crops. |
| Chemigation | Chemigation is a method of applying pesticides to crops through an irrigation system. |
| Crop Protection | Crop protection is a method of protecting crop yields from different pests, including insects, weeds, plant diseases, and others that cause damage to agricultural crops. |
| Seed Treatment | Seed treatment helps to disinfect seeds or seedlings from seed-borne or soil-borne pests. Crop protection chemicals, such as fungicides, insecticides, or nematicides, are commonly used for seed treatment. |
| Fumigation | Fumigation is the application of crop protection chemicals in gaseous form to control pests. |
| Bait | A bait is a food or other material used to lure a pest and kill it through various methods, including poisoning. |
| Contact Fungicide | Contact pesticides prevent crop contamination and combat fungal pathogens. They act on pests (fungi) only when they come in contact with the pests. |
| Systemic Fungicide | A systemic fungicide is a compound taken up by a plant and then translocated within the plant, thus protecting the plant from attack by pathogens. |
| Mass Drug Administration (MDA) | Mass drug administration is the strategy to control or eliminate many neglected tropical diseases. |
| Mollusks | Mollusks are pests that feed on crops, causing crop damage and yield loss. Mollusks include octopi, squid, snails, and slugs. |
| Pre-emergence Herbicide | Preemergence herbicides are a form of chemical weed control that prevents germinated weed seedlings from becoming established. |
| Post-emergence Herbicide | Postemergence herbicides are applied to the agricultural field to control weeds after emergence (germination) of seeds or seedlings. |
| Active Ingredients | Active ingredients are the chemicals in pesticide products that kill, control, or repel pests. |
| United States Department of Agriculture (USDA) | The Department of Agriculture provides leadership on food, agriculture, natural resources, and related issues. |
| Weed Science Society of America (WSSA) | The WSSA, a non-profit professional society, promotes research, education, and extension outreach activities related to weeds. |
| Suspension concentrate | Suspension concentrate (SC) is one of the formulations of crop protection chemicals with solid active ingredients dispersed in water. |
| Wettable powder | A wettable powder (WP) is a powder formulation that forms a suspension when mixed with water prior to spraying. |
| Emulsifiable concentrate | Emulsifiable concentrate (EC) is a concentrated liquid formulation of pesticide that needs to be diluted with water to create a spray solution. |
| Plant-parasitic nematodes | Parasitic Nematodes feed on the roots of crops, causing damage to the roots. These damages allow for easy plant infestation by soil-borne pathogens, which results in crop or yield loss. |
| Australian Weeds Strategy (AWS) | The Australian Weeds Strategy, owned by the Environment and Invasives Committee, provides national guidance on weed management. |
| Weed Science Society of Japan (WSSJ) | WSSJ aims to contribute to the prevention of weed damage and the utilization of weed value by providing the chance for research presentation and information exchange. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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