India 2,4-D Herbicide Market- Trend Analysis & Forecast to 2030
India 2,4-D herbicide market valued at USD ** million and consumption volume reached ** thousand tonnes in 2023. The India 2,4-D (2,4-Dichlorophenoxyacetic acid) market is witnessing substantial growth due to...
| Report ID: AGI-034 | 132 Pages | Status: Upcoming |
India 2,4-D Herbicide Market- Trend Analysis & Forecast to 2030
India 2,4-D herbicide market valued at USD ** million and consumption volume reached ** thousand tonnes in 2023. The India 2,4-D (2,4-Dichlorophenoxyacetic acid) market is witnessing substantial growth due to increased adoption in the agriculture sector. Driven by the rising need for crop protection chemicals, the market is projected to grow significantly by 2030. Demand is influenced by factors such as increasing agricultural activities, herbicide usage, and advancements in agrochemical technologies. Competitive pressures and supply chain challenges may affect growth in the coming years.
Primary Areas/ Elements of Research & Analysis The report provides comprehensive and valuable insights into the supply and demand dynamics of the India 2,4-D herbicide market. Below are the variables considered and analyzed in the report:
■ Analysis of the India 2,4-D herbicide market with respect to supply-demand, growth trends, and trade (export & import) patterns The report sections furnish numerous data points contributing to the better understanding of the India 2,4-D herbicide market dynamics and future outlook. |
Market/ Product Overview
2,4-D is one of the most commonly used herbicides in India, primarily for its effectiveness in controlling broadleaf weeds in cereal crops, sugarcane, rice, and wheat. With India's focus on enhancing agricultural productivity, the demand for 2,4-D has risen due to its cost-effectiveness and proven results in weed control. The market growth is further supported by favorable government policies promoting the use of crop protection chemicals to ensure food security. The herbicide market in India is also witnessing technological advancements, such as the development of novel formulations to improve the efficiency and sustainability of crop production.
Crop Protection Chemicals Production and Consumption Trend in India
The production and consumption of crop protection chemicals in India have shown a steady increase due to expanding agricultural practices and the need for efficient pest management solutions. India is becoming one of the major producers of these chemicals, with a focus on herbicides like 2,4-D. This trend is driven by the increasing awareness of the benefits of using crop protection chemicals to boost agricultural yield.
The rising population in India necessitates an increase in food production, which in turn boosts the demand for crop protection chemicals. Additionally, the prevalence of pests and diseases, coupled with the need for efficient agricultural practices, drives farmers to adopt these chemicals. Government initiatives aimed at modernizing agricultural practices and promoting sustainable farming also play a significant role in fueling the demand for herbicides and other crop protection solutions in the Indian market.
India 2,4-D Production & Demand Trend
The demand for 2,4-D in India has been consistently increasing, aligning with the country's focus on improving agricultural productivity. Production capabilities in India are also expanding, with several domestic manufacturers enhancing their output to meet both local and international needs. The growing trend in demand is also attributed to its widespread use in controlling weeds in a variety of crops, making it a staple in the Indian agricultural chemical market.
India total 2,4-D herbicide production stood at 41.96 thousand tonnes and valued at USD ** million in 2022-23.
India 2,4-D Herbicide Market Growth Factors
The growth of the 2,4-D market in India is largely driven by the expanding agricultural sector, which continues to be the backbone of the economy. The increasing awareness about the importance of crop protection to maximize yields has led to a higher adoption of herbicides like 2,4-D. Technological advancements in herbicide formulations and the availability of high-performance variants also contribute to market expansion. The rise in disposable income among farmers and the introduction of government subsidies for agricultural chemicals further stimulate the demand for these products in India.
India 2,4-D Herbicide Market Restraints & Challenges
Despite the growing demand, the India 2,4-D market faces several challenges, including stringent regulations on the use of chemicals in agriculture. Environmental concerns regarding the long-term effects of herbicides on soil health and biodiversity also pose significant hurdles. Additionally, the presence of counterfeit and substandard products in the market undermines the growth potential, as these products can lead to crop damage and reduce farmer trust in herbicides. Fluctuating raw material prices and supply chain disruptions are other factors that can limit market expansion.
India 2,4-D Herbicide Supply/Value Chain Bottlenecks/ Challenges
The supply chain of 2,4-D in India is often disrupted by factors such as inconsistent raw material availability and logistical challenges. Import restrictions on certain chemical components and the dependence on global supply chains for raw materials create bottlenecks in production. Additionally, inadequate infrastructure for the distribution and storage of chemical products further complicates the supply chain. These issues collectively impact the timely availability of 2,4-D to end-users, affecting the overall market dynamics..
India Trend of 2,4-D Demand & End-Use Crops
The demand for 2,4-D in India is predominantly driven by its application in major crops like rice, wheat, maize, and sugarcane. As these crops are staple foods in the country, the need for effective weed control remains high. The trend of increasing herbicide usage is linked to the objective of maximizing yield and ensuring food security. Farmers are increasingly adopting 2,4-D due to its reliability and cost-effectiveness in protecting crops from invasive weed species.
India 2,4-D Trade (Export & Import) Trend
India has emerged as a significant player in the global trade of 2,4-D, both as an exporter and importer. The country imports raw materials required for its production while also exporting finished products to other agricultural markets. Export trends are showing a positive growth trajectory as Indian manufacturers focus on expanding their reach in international markets. However, fluctuating global demand, trade regulations, and tariff policies are factors that influence the import-export dynamics of 2,4-D in India.
In 2023-24, India exported 32.03 thousand tonnes of 2,4-Dichlorophenoxy Acetic Acid and its esters, valued at US$ 57.75 million. Brazil and the USA were the largest importers of 2,4-D from India, together making up 56% of India's total 2,4-D exports. Other major importers include Ethiopia, Argentina, Australia, and Thailand.
India 2,4-D Herbicide Market Competitive Analysis
The competitive landscape of the 2,4-D market in India is characterized by the presence of both multinational corporations and domestic manufacturers. Companies are actively engaging in research and development to create innovative formulations that cater to the evolving needs of the agricultural sector. Strategic partnerships, mergers, and acquisitions are common strategies adopted by key players to strengthen their market position. Price competitiveness and the quality of products are major factors determining the success of companies in this sector.
List of Key Companies in India 2,4-D Herbicide Market (Manufacturers/Suppliers/ Exporters),
■ UPL Limited
■ Gharda Chemicals
■ Excel Crop Care Limited
■ Crystal Crop Protection
■ Atul Ltd.
■ Aimco Pesticides Ltd.
■ Dhanuka Agritech Ltd.
■ Meghmani Organics Ltd.
■ Adama
■ Bayer CropScience
■ Nagarjuna Agrichem Limited
■ Sharda Cropchem Ltd.
■ Corteva Agriscience
■ Sumitomo Chemical India Ltd.
Future Outlook
The future of the India 2,4-D market looks promising, with anticipated growth driven by technological advancements in herbicide formulations and increased agricultural activities. The focus on sustainable farming and government initiatives to modernize agricultural practices are expected to create new opportunities. However, addressing supply chain challenges and regulatory issues will be crucial for sustaining market growth in the long term. The emphasis on developing eco-friendly herbicide alternatives may also influence the market dynamics.
Report Coverage
India 2,4-D herbicide market report covers historical market data from 2015-2023 and projections to 2030. The report also includes supply & demand and trade (import-export) market analysis. The decision matrix analysis helped in identifying the barriers and their implications on the value chain and different factors of relative significance to the India 2,4-D herbicide market are diligently tracked and their impact closely monitored for short, medium, and long-term market cycles. The report's contents cover an analysis of the aspects involved in the 2,4-D herbicide market such as the parent market, the evolution of the industry, innovative technologies in the manufacturing process, supply chain, and profiling of key companies.
Scope of the Report
| Report Attributes | Details |
|---|---|
| Historical Years | 2015–2022 |
| Base Year | 2023 |
| Forecast Period | 2024–2030 |
| Units | Value (US$ Million) and Volume (Thousand Tonnes) |
| Report Coverage | Production, Consumption, Export, and Import |
| Segments Covered |
|
| Geographies Covered | India |
| Companies Profiled | The market players include, UPL Limited, Gharda Chemicals, Excel Crop Care Limited, Crystal Crop Protection, Atul Ltd., Aimco Pesticides Ltd., Dhanuka Agritech Ltd., Meghmani Organics Ltd., Adama, Bayer CropScience, Indofil Industries Limited, Nagarjuna Agrichem Limited, Sharda Cropchem Ltd., Corteva Agriscience, Sumitomo Chemical India Ltd., and Others. |
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Related Reports
■ Brazil 2,4-D Herbicide Market – Trend Analysis & Forecast to 2030
■ USA 2,4-D Herbicide Market – Trend Analysis & Forecast to 2030
■ U.K. 2,4-D Herbicide Market – Trend Analysis & Forecast to 2030
■ South Africa 2,4-D Herbicide Market – Trend Analysis & Forecast to 2030
■ Argentina 2,4-D Herbicide Market – Trend Analysis & Forecast to 2030
India 2,4-D Herbicides Market – Supply & Demand, Trade, and Competitive Landscape Analysis
1. Executive Summary2. Introduction
2.1. Objectives & Scope of the Study
2.2. Definitions & Economic Importance
2.3. Research Methodology
2.4. Factors and Decision Matrix Analysis
2.5. Limitations & Challenges
3.1. Production Process, Raw Materials, Standard Forms, and Packaging
3.2. 2,4-D Herbicides Application Areas
3.3. Regulatory Analysis: 2,4-D Herbicides Manufacturing in India
5. Global & India Chemicals Industry: An Overview
6. Global 2,4-D Herbicides Market: An Overview
7. India 2,4-D Herbicides Market: Growth Factors Analysis
7.1. Agriculture Crop Cultivation & Agrochemicals Consumption Trend
7.2. Drivers and Restraints Analysis
7.3. Challenges and Opportunities Analysis
7.4. India 2,4-D Herbicides SWOT Analysis
7.5. India 2,4-D Herbicides Market PESTEL Analysis
7.6. India 2,4-D Herbicides Market Porter's Five Forces analysis
8.1. Installed Capacity Trend Analysis
8.2. Production Trend Analysis
9.1. India 2,4-D Herbicides Trade Analysis (Exports)
9.2. India 2,4-D Herbicides Trade Analysis (Imports)
9.3. Top 10 Import Origins of 2,4-D Herbicides (Value & Volume)
9.4. Top 10 Export Destinations 2,4-D Herbicides (Value & Volume)
10.1. India Domestic Demand for 2,4-D Herbicides
10.2. India 2,4-D Herbicides Supply and Demand Analysis
10.3. India: 2,4-D Herbicides Supply Chain Analysis
11.1. India 2,4-D Herbicides Price Events & Price Drivers Analysis
11.2. Global Vs. India 2,4-D Herbicides Price Trend
12.1. India 2,4-D Herbicides Market Share Analysis
12.1.1. List of Key Countries Exporting 2,4-D Herbicides to India
12.1.2. List of Key Companies Exporting & Importing 2,4-D Herbicides from/to India
12.2. Key Company Profiles (Includes both Manufacturers and Formulated Products Suppliers)
12.2.1. UPL Limited
12.2.2. Gharda Chemicals
12.2.3. Excel Crop Care Limited
12.2.4. Crystal Crop Protection
12.2.5. Atul Ltd.
12.2.6. Aimco Pesticides Ltd.
12.2.7. Dhanuka Agritech Ltd.
12.2.8. Meghmani Organics Ltd.
12.2.9. Adama
12.2.10. Bayer CropScience
12.2.11. Indofil Industries Limited
12.2.12. Nagarjuna Agrichem Limited
12.2.13. Sharda Cropchem Ltd.
12.2.14. Corteva Agriscience
12.2.15. Sumitomo Chemical India Ltd.
14. Appendix
Table 1: India’s Export-Import Trends for Merchandise Goods in FY 2023
Table 2: Global Top 15 Chemical Companies in 2023
Table 3: India 2,4-D Herbicide Installed Capacity, Production, and Capacity Utilization
Table 4: India Key Players 2,4-D Herbicide Production
Table 5: India 2,4-D Herbicide Market Size, Production (volume)
Table 6: India 2,4-D Herbicide Market Size, Production (Values)
Table 7: India 2,4-D Herbicide Market Size, by Crop
Table 8: India 2,4-D Herbicide Export Trend
Table 9: India 2,4-D Herbicide Import Trend
Table 10: India 2,4-D Herbicide Export Destinations by Volume (in %share)
Table 11: Top 10 Companies Exporting 2,4-D Herbicide from India
Table 12: Top 10 Companies Exporting 2,4-D Herbicide from India
Table 13: Top 5 Companies Importing 2,4-D Herbicide from India
Table 14: Top 5 Companies Importing 2,4-D Herbicide from India (by Value)
Table 15: India 2,4-D Herbicide Supply and Demand Analysis, Volume in Thousand Tonnes
Table 16: India 2,4-D Herbicide Price Trend
Table 17: List of Companies in 2,4-D Herbicide Industry
Figure 1: India 2,4-D Herbicide Market: Key Statistics (Production Capacity, Production, Demand, and Trade)
Figure 2: India Population Dynamics
Figure 3: Index of Industrial Production of Manufacturing of Chemicals and Chemical Products
Figure 4: India: GDP Annual Growth & Exchange Rate Trend
Figure 5: FDI Inflow into India
Figure 6: Foreign Exchange Reserves Trend
Figure 7: India’s Export Import Trends for Merchandise Goods in FY 2023
Figure 8: Global Chemical Market Size (2015 to 2025)
Figure 9: Global Top 15 Chemical Companies, %share by Value in 2023
Figure 10: India Chemical Market Size (2015 to 2025)
Figure 11: Global 2,4-D Herbicide Production Trend (Value & Volume)
Figure 12: Global 2,4-D Herbicide Production Trend (2015 to 2025)
Figure 13: India 2,4-D Herbicide Installed Capacity Trend, Volume
Figure 14: India 2,4-D Herbicide Production Trend, Volume
Figure 15: India 2,4-D Herbicide Installed Capacity & Production Trend, by Volume (Tonnes)
Figure 16: India Share in Global 2,4-D Herbicide Trade Market, Value (US$ Million)
Figure 17: India 2,4-D Herbicide Export Trend, Value & Volume
Figure 18: India 2,4-D Herbicide Export Destinations Share (by Value)
Figure 19: India 2,4-D Herbicide Export Destinations Share (by Volume)
Figure 20: India 2,4-D Herbicide Import, Value & Volume
Figure 21: India 2,4-D Herbicide Import, Value & Volume
Figure 22: India 2,4-D Herbicide Import Origins Share (by Value)
Figure 23: India 2,4-D Herbicide Import Origins Share (by Volume)
Figure 24: India 2,4-D Herbicide Trade Analysis, by Value & Volume, Indexed
Figure 25: Top 10 Companies Exporting 2,4-D Herbicide from India
Figure 26: Top 10 Companies Exporting 2,4-D Herbicide from India
Figure 27: Top 10 Companies Importing 2,4-D Herbicide from India
Figure 28: Top 10 Companies Exporting 2,4-D Herbicide from India
Figure 29: India 2,4-D Herbicide Domestic Demand Market Share, by Value, by Crop Type (2023)
Figure 30: India 2,4-D Herbicide Domestic Demand Trend (Thousand Tonnes)
Figure 31: India 2,4-D Herbicide Price Trend, Annual Average Prices
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