Bharatbook added a new report on “Indian Pesticides Industry” which gives the Demand and in-depth analysis on Indian Pesticides Industry.
Agriculture is the backbone of the Indian economy. Ensuring food security for more than 1.21 bn Indian populations 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. http://www.bharatbook.com/detail.asp?id=53019&rt=Indian-Pesticides-Industry.html
The production of Indian pesticides industry has almost remained stable at 82000-85,000 MT during FY10. In value terms, the size of the Indian pesticide industry was estimated at Rs.180 bn for 2010, including exports of Rs.100 bn.
Per hectare consumption of pesticide is low in India at 600 grams when compared to the world average of 3000 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 52% of the total pesticide consumption in FY10. Rice is the highest pesticides consuming crop in India forming 19.8% of the total pesticides consumption followed by cotton. Andhra Pradesh is the highest pesticides consuming state (22%) followed by Maharashtra & Punjab.
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 55.56% of total industry revenues in FY10 and have grown at a Compounded Annual Growth Rate (CAGR) of 37.59% from FY06 to FY10.
For more information kindly visit : http://www.bharatbook.com/detail.asp?id=53019&rt=Indian-Pesticides-Industry.html
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