In fiscal year 2022, the pesticide production volume amounted to 299 thousand metric tons across India. The chemical industry in the country is highly diversified. With a coverage of over thousands of products, the south Asian country was one of the leading producers of chemicals in the world.
Pesticide industry in India
The pesticide industry in India is a billion-dollar industry. There were investments of over 70 billion Indian rupees just in the financial year 2019. To enhance agricultural production and meet the food requirement of its growing population, the use of pesticides has been on a rise in the country. To increase the average crop yield per hectare, there was a rise in the per capita consumption of pesticides in India. From financial year 2014, there was a positive annual growth rate in the production volume of pesticides in the country.
Leading pesticide companies in the country
Bayer CropScience Limited was among the leading players for pesticides in India. It was operational from 2002 and had a wide product portfolio suitable for a variety of crops. Some other top players included Tata Group subsidiary Rallies India Limited along with NACL Industries Limited, UPL Limited, and Bharat Rasayan Limited. Based on market capitalization, Rallies was one of the leading companies as of 2020.
Volume of pesticides produced across India from financial year 2015 to 2022
(in 1,000 metric tons)
India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.
Data from previous reports has also been used.
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DCP (India). (March 23, 2023). Volume of pesticides produced across India from financial year 2015 to 2022 (in 1,000 metric tons) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/726938/india-pesticides-production-volume/
DCP (India). "Volume of pesticides produced across India from financial year 2015 to 2022 (in 1,000 metric tons)." Chart. March 23, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/726938/india-pesticides-production-volume/
DCP (India). (2023). Volume of pesticides produced across India from financial year 2015 to 2022 (in 1,000 metric tons). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/726938/india-pesticides-production-volume/
DCP (India). "Volume of Pesticides Produced across India from Financial Year 2015 to 2022 (in 1,000 Metric Tons)." Statista, Statista Inc., 23 Mar 2023, https://www.statista.com/statistics/726938/india-pesticides-production-volume/
DCP (India), Volume of pesticides produced across India from financial year 2015 to 2022 (in 1,000 metric tons) Statista, https://www.statista.com/statistics/726938/india-pesticides-production-volume/ (last visited July 22, 2024)
Volume of pesticides produced across India from financial year 2015 to 2022 (in 1,000 metric tons) [Graph], DCP (India), March 23, 2023. [Online]. Available: https://www.statista.com/statistics/726938/india-pesticides-production-volume/