Product Code: ETC048904 | Publication Date: Aug 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Herbicides Market registered a growth of 11.06% in value shipments in 2022 as compared to 2021 and an increase of 12.86% CAGR in 2022 over a period of 2017. In Herbicides Market India is becoming less competitive as HHI index in 2022 was 2592 while in 2017 it was 1688. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Herbicides Market.
The India herbicide market is expected to reach US$ 2,988.4 million in 2026 from US$ 1,843.6 million by 2020 growing at a compound annual growth rate (CAGR) of 7.7% during the forecast period (2020-2026). The increased demand for food grain production and rising cultivation costs are some of the factors that are driving the growth of this market in India. The high adoption rate of modern agriculture practices such as zero tillage and no-tillage operations have led to an increase in crop yields which further supports the demand for herbicides.
Growing Food Grain Production: In recent years, there has been an increasing trend in food grain production due to increased awareness about balanced diets among consumers along with government initiatives towards agricultural development such as Zero Budget Natural Farming (ZBNF), Pradhan Mantri Fasal Bima Yojana (PMFBY), etc., This has resulted in an increase in the consumption of chemicals like herbicides used for weed control which is boosting the market growth. Rising Cultivation Costs: Agriculture is one of India largest sectors accounting for over 10 percentof GDP and more than half its workforce employed directly or indirectlyin it; however, labour costshave risen up significantly owing to periodic hikes necessitated by minimum wages rulesand various other government measures aimed at improving farmer welfare causingan upward pressure on cultivation costs thereby fuellingthe demandfor efficient solutions such asherbicides which provide better returns from crops while saving time and money required otherwise for manual weeding activities thus propellingthe Indian Herbicides Market growth during the forecast period(2020-2026).
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Herbicides Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Herbicides Market Revenues & Volume, 2020 & 2030F |
3.3 India Herbicides Market - Industry Life Cycle |
3.4 India Herbicides Market - Porter's Five Forces |
3.5 India Herbicides Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 India Herbicides Market Revenues & Volume Share, By Mode of Action, 2020 & 2030F |
3.7 India Herbicides Market Revenues & Volume Share, By Crop Type, 2020 & 2030F |
4 India Herbicides Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Herbicides Market Trends |
6 India Herbicides Market, By Types |
6.1 India Herbicides Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Herbicides Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 India Herbicides Market Revenues & Volume, By Glyphosate, 2020-2030F |
6.1.4 India Herbicides Market Revenues & Volume, By 2, 4-D, 2020-2030F |
6.1.5 India Herbicides Market Revenues & Volume, By Diquat, 2020-2030F |
6.1.6 India Herbicides Market Revenues & Volume, By Others, 2020-2030F |
6.2 India Herbicides Market, By Mode of Action |
6.2.1 Overview and Analysis |
6.2.2 India Herbicides Market Revenues & Volume, By Non-Selective, 2020-2030F |
6.2.3 India Herbicides Market Revenues & Volume, By Selective, 2020-2030F |
6.3 India Herbicides Market, By Crop Type |
6.3.1 Overview and Analysis |
6.3.2 India Herbicides Market Revenues & Volume, By Cereals & Grains, 2020-2030F |
6.3.3 India Herbicides Market Revenues & Volume, By Oilseeds & Pulses, 2020-2030F |
6.3.4 India Herbicides Market Revenues & Volume, By Fruits & Vegetables, 2020-2030F |
6.3.5 India Herbicides Market Revenues & Volume, By Others, 2020-2030F |
7 India Herbicides Market Import-Export Trade Statistics |
7.1 India Herbicides Market Export to Major Countries |
7.2 India Herbicides Market Imports from Major Countries |
8 India Herbicides Market Key Performance Indicators |
9 India Herbicides Market - Opportunity Assessment |
9.1 India Herbicides Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 India Herbicides Market Opportunity Assessment, By Mode of Action, 2020 & 2030F |
9.3 India Herbicides Market Opportunity Assessment, By Crop Type, 2020 & 2030F |
10 India Herbicides Market - Competitive Landscape |
10.1 India Herbicides Market Revenue Share, By Companies, 2023 |
10.2 India Herbicides Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |