Consumer concerns on food safety and society awareness of chemical contaminants in the environment have increased in the past few years. As a consequence, more restrictions in the use of chemical products have been imposed at national and international levels. Pesticides are widely used for the control of weeds, diseases, and pests of cultivated plants all over the world, mainly since after Second World War, with the discovery of some organic compounds with good insecticide or herbicide activity. A pesticide is any substance or mixture of substances, natural or synthetic, formulated to control or repel any pest that competes with humans for food, destroys property, and spreads disease. The term pest includes insects, weeds, mammals, and microbes, among others. Pesticides are usually chemical substances, although they can be sometimes biological agents such as virus or bacteria.
India analytical instrument market stood at around $ 2 billion in 2017 and is projected to grow at a CAGR of over 11% to surpass $ 3.7 billion by 2023. Stringent environmental policies of Central Pollution Control Board such as ‘Zero Liquid Discharge’, which has further led to investments in river cleaning projects like “Namami Ganga” and “Clean Yamuna Project” are expected to fuel growth in India analytical instrument market in the coming years.
The significance of pesticides has been rising over the last few decades catalyzed by the requirement to enhance the overall agricultural production and the need to safeguard adequate food availability for the continuously growing population in the country. In India, pests and diseases, on an average eat away around 20-25% of the total food produced. The Indian pesticides market was worth INR 181 Billion in 2017. The market is further projected to reach INR 292.9 Billion by 2023, at a CAGR of 8.3% during 2018-2023. Pesticides are substances or a mixture of substances intended for preventing, destroying, repelling or mitigating any pest. Pesticides represent the last input in an agricultural operation and are applied for preventing the spoilage of crops from pests such as insects, fungi, weeds, etc., thereby increasing the agricultural productivity.
Few Indian major players are as under:
· Anton Paar India Pvt. Ltd.
· Arbro Pharmaceuticals Pvt. Ltd.
· Chennai Mettex Lab Pvt. Ltd.
· Choksi Laboratories Ltd.
· Edward Food Research & Analysis Centre Ltd.
· Envirocare Labs Pvt. Ltd.
