India Insecticide Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.78 Billion |
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Market Size (2029) | USD 2.15 Billion |
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Largest Share by Application Mode | Foliar |
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CAGR (2024 - 2029) | 3.91 % |
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Fastest Growing by Application Mode | Seed Treatment |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
India Insecticide Market Analysis
The India Insecticide Market size is estimated at 1.78 billion USD in 2024, and is expected to reach 2.15 billion USD by 2029, growing at a CAGR of 3.91% during the forecast period (2024-2029).
1.78 Billion
Market Size in 2024 (USD)
2.15 Billion
Market Size in 2029 (USD)
3.24 %
CAGR (2017-2023)
3.91 %
CAGR (2024-2029)
Largest Segment by Application Mode
57.61 %
value share, Foliar, 2023
Foliar mode effectively controls insects, aphids, pink borers, armyworms, rice weevils, beetles, rice moths, and other insect pests in various crops, growing the market for foliar.
Largest Segment by Crop Type
44.66 %
value share, Grains & Cereals, 2023
These crops are vulnerable to various insect pests such as stem borers, leaf folders, and weevils, causing severe economic loss and necessitating insecticide application.
Fastest-Growing Segment by Crop Type
4.12 %
Projected CAGR, Commercial Crops, 2024-2029
Commercial crops are economically important, and insecticides protect against pests such as aphids, borers, and other insects, ensuring higher yields and profitability.
Leading Market Player 1
14.97 %
market share, FMC Corporation, 2022
FMC Corp concentrates on its market growth with the expanding product portfolio by adding new products like Talstar Plus and Corprima to provide effective solutions.
Leading Market Player 2
8.87 %
market share, Sumitomo Chemical Co. Ltd, 2022
Sumitomo Chemicals invests more in extending its product portfolio by adding new innovative insecticide products for various crop types, resulting in growing its market share.
The foliar application mode is a common and effective way of applying insecticides for preventive and curative methods
- In India, insecticides are applied through various modes to control insects in agricultural practices. Farmers can achieve cost savings by choosing a suitable application method covering specific areas and minimizing wastage. This increased efficiency leads to optimized insecticide usage and reduced input costs for farmers.
- The dominant mode of insecticide application in agricultural practices is foliar application, which accounted for 57.5% of the insecticide application segment in 2022. This method is predominantly used in grains and cereals cultivation, which holds the largest market share at 44.6%. The popularity of foliar treatment insecticides can be attributed to their rapid effectiveness in controlling insect infestations, making them crucial for efficient pest management.
- Seed treatment is the second most prevalent application method, accounting for a market share of 16.9% in the segment. This is primarily because farmers have acknowledged the significance of safeguarding seeds and seedlings from insect pests to ensure optimal crop establishment, maximize yield, and reduce insecticide usage in future growth stages.
- From 2019 to 2021, the application mode market demonstrated a projected increase with a CAGR of 2.2%. Farmers' preference for a specific application mode depends on the target insect, crop type, insect stage, and equipment availability. The growing global population and the resulting higher demand for food have led to a necessity to enhance agricultural productivity. As a result, the application mode segment is expected to witness a CAGR of 3.8% during the forecast period.
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India Insecticide Market Trends
The rising need to protect the crops from harmful insects and improve production may fuel the consumption of insecticides during the forecast period
- India has a diverse range of agro-climatic conditions, which can contribute to the prevalence of various insects. Insects such as stink bugs, loopers, armyworms, aphids, and whiteflies can cause major crop losses if not successfully handled. To protect crops from such insects, farmers are resorting to increased insecticide use. The consumption of insecticides in India per hectare experienced an increase of 0.5% from 2021 to 2022. Insecticide usage per capita in India increased to boost the average agricultural output per hectare.
- The consumption of insecticides in India per hectare in 2022 accounted for 151.9 g/ha. This is attributed to the cultivation of a wide range of crops, including staple food grains, like rice and wheat, and cash crops, like cotton, sugarcane, and vegetables. It is critical to protect these crops against insects to maintain yields.
- India has a total of 173 invasive species, including 47 invasive agricultural ecosystem species, 23 of which are insects. These invasive insects contribute to the need for increased pesticide use. Furthermore, the development of insect resistance to certain insecticides is a rising problem. Insects can evolve and develop resistance to the effects of particular pesticides over time, making them less effective. To achieve the necessary degree of pest control, larger application rates or more frequent usage of insecticides are required, increasing the consumption of insecticide.
- India aims to boost agricultural output to meet rising food demand. Insecticides serve an important role in increasing agricultural yields by protecting plants from pests that might disrupt output. The necessity to fulfill the population's food requirements drives the reliance on pesticides.
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The growing demand for insecticides owing to the increasing pest attack and crop losses.
- Cypermethrin is a synthetic pyrethroid used to control flea beetles, boxelder bugs, cockroaches, termites, ladybugs, scorpions, and yellow jackets. It was priced at USD 21.0 thousand in 2022. In India, cypermethrin is registered by CIBRC for use in eight specified crops, such as cabbage, wheat, cotton, rice, sugarcane, brinjal, sunflower, and okra.
- Imidacloprid is a neonicotinoid, which is a class of neuroactive insecticides. It can be used as a spray for the control of sucking and other insects, such as thrips, aphids, jassids, brown plant hoppers, and white-backed plant hoppers, in different crops, like cotton, paddy, sugarcane, mango, groundnut, grapes, chilies, and tomato, in India. In 2022, imidacloprid was priced at USD 17.1 thousand in India.
- Malathion is an organophosphate insecticide, which was valued at USD 12.5 thousand in 2022. It is used to control aphids, thrips, mites, scales, borers, worms, leaf miners, fleas, grasshoppers, bugs, and maggots. As per guidelines of CIBRC, malathion is permitted to be used only in sorghum, pea, soybean, castor, sunflower, bhindi, brinjal, cauliflower, radish, turnip, tomato, apple, mango, and grape crops.
- According to the Government of India statistics, about 15 to 25% of crops are lost due to pests every year. Indian farmers' major concern is safeguarding their crops from pests. For instance, according to the Indian Institute of Vegetable Research, tomato farmers across the country lose up to 65% of their yields to fruit borers every year. The infestation of the pest leads to flower dropping and poor plant health, resulting in poor quality fruiting, thus adversely impacting crop yields. All these factors will influence the demand for insecticides, which will further affect their prices.
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India Insecticide Industry Overview
The India Insecticide Market is fragmented, with the top five companies occupying 36.15%. The major players in this market are ADAMA Agricultural Solutions Ltd, FMC Corporation, PI Industries, Sumitomo Chemical Co. Ltd and UPL Limited (sorted alphabetically).
India Insecticide Market Leaders
ADAMA Agricultural Solutions Ltd
FMC Corporation
PI Industries
Sumitomo Chemical Co. Ltd
UPL Limited
Other important companies include BASF SE, Bayer AG, Corteva Agriscience, Gharda Chemicals Ltd, Syngenta Group.
*Disclaimer: Major Players sorted in alphabetical order.
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India Insecticide 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.
- September 2022: FMC launched Talstar Plus Insecticide to protect Indian farmers of groundnut, cotton, and sugarcane crops from sucking and chewing pests.
- September 2022: FMC India launched Corprima, an insecticide that combines the company's Rynaxypyr insect control technology to provide crop protection against fruit borers, a major problem for Indian farmers.
Free with this Report
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 Insecticide 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. Gharda Chemicals Ltd
4.4.7. PI Industries
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:
- INSECTICIDE CONSUMPTION PER HECTARE, GRAMS, INDIA, 2017 - 2022
- Figure 2:
- ACTIVE INGREDIENT PRICE PER METRIC TON, USD, INDIA, 2017 - 2022
- Figure 3:
- INSECTICIDE VOLUME METRIC TON, INDIA, 2017 - 2029
- Figure 4:
- INSECTICIDE VALUE USD, INDIA, 2017 - 2029
- Figure 5:
- INSECTICIDE MARKET BY APPLICATION MODE, METRIC TON, INDIA, 2017 - 2029
- Figure 6:
- INSECTICIDE MARKET BY APPLICATION MODE, USD, INDIA, 2017 - 2029
- Figure 7:
- VALUE SHARE OF INSECTICIDE BY APPLICATION MODE, %, INDIA, 2017 VS 2023 VS 2029
- Figure 8:
- VOLUME SHARE OF INSECTICIDE 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:
- INSECTICIDE MARKET BY CROP TYPE, METRIC TON, INDIA, 2017 - 2029
- Figure 25:
- INSECTICIDE MARKET BY CROP TYPE, USD, INDIA, 2017 - 2029
- Figure 26:
- VALUE SHARE OF INSECTICIDE BY CROP TYPE, %, INDIA, 2017 VS 2023 VS 2029
- Figure 27:
- VOLUME SHARE OF INSECTICIDE BY CROP TYPE, %, INDIA, 2017 VS 2023 VS 2029
- Figure 28:
- INSECTICIDE CONSUMED BY COMMERCIAL CROPS, METRIC TON, INDIA, 2017 - 2029
- Figure 29:
- INSECTICIDE CONSUMED BY COMMERCIAL CROPS, USD, INDIA, 2017 - 2029
- Figure 30:
- VALUE SHARE OF COMMERCIAL CROPS BY APPLICATION MODE, %, INDIA, 2022 VS 2029
- Figure 31:
- INSECTICIDE CONSUMED BY FRUITS & VEGETABLES, METRIC TON, INDIA, 2017 - 2029
- Figure 32:
- INSECTICIDE CONSUMED BY FRUITS & VEGETABLES, USD, INDIA, 2017 - 2029
- Figure 33:
- VALUE SHARE OF FRUITS & VEGETABLES BY APPLICATION MODE, %, INDIA, 2022 VS 2029
- Figure 34:
- INSECTICIDE CONSUMED BY GRAINS & CEREALS, METRIC TON, INDIA, 2017 - 2029
- Figure 35:
- INSECTICIDE CONSUMED BY GRAINS & CEREALS, USD, INDIA, 2017 - 2029
- Figure 36:
- VALUE SHARE OF GRAINS & CEREALS BY APPLICATION MODE, %, INDIA, 2022 VS 2029
- Figure 37:
- INSECTICIDE CONSUMED BY PULSES & OILSEEDS, METRIC TON, INDIA, 2017 - 2029
- Figure 38:
- INSECTICIDE CONSUMED BY PULSES & OILSEEDS, USD, INDIA, 2017 - 2029
- Figure 39:
- VALUE SHARE OF PULSES & OILSEEDS BY APPLICATION MODE, %, INDIA, 2022 VS 2029
- Figure 40:
- INSECTICIDE CONSUMED BY TURF & ORNAMENTAL, METRIC TON, INDIA, 2017 - 2029
- Figure 41:
- INSECTICIDE 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 Insecticide 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.
- In India, insecticides are applied through various modes to control insects in agricultural practices. Farmers can achieve cost savings by choosing a suitable application method covering specific areas and minimizing wastage. This increased efficiency leads to optimized insecticide usage and reduced input costs for farmers.
- The dominant mode of insecticide application in agricultural practices is foliar application, which accounted for 57.5% of the insecticide application segment in 2022. This method is predominantly used in grains and cereals cultivation, which holds the largest market share at 44.6%. The popularity of foliar treatment insecticides can be attributed to their rapid effectiveness in controlling insect infestations, making them crucial for efficient pest management.
- Seed treatment is the second most prevalent application method, accounting for a market share of 16.9% in the segment. This is primarily because farmers have acknowledged the significance of safeguarding seeds and seedlings from insect pests to ensure optimal crop establishment, maximize yield, and reduce insecticide usage in future growth stages.
- From 2019 to 2021, the application mode market demonstrated a projected increase with a CAGR of 2.2%. Farmers' preference for a specific application mode depends on the target insect, crop type, insect stage, and equipment availability. The growing global population and the resulting higher demand for food have led to a necessity to enhance agricultural productivity. As a result, the application mode segment is expected to witness a CAGR of 3.8% 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 - Insecticides are chemicals used to control or prevent insects 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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