The global pesticides market has grown at a compound annual rate of 4.3% to $67 billion in 2020 from $57 billion in 2016. It is expected to grow1.6-1.8% through 2024 and reach about $71-$72 billion.<\/p>\n\n\n\n
India ranks fourth in the world in agrochemicals production and 13th<\/sup> in pesticides exports globally. The country\u2019s pesticides output increased at 4.5% annually from 214 thousand tonnes in 2016-17 to 255 thousand tonnes in 2020-21. It is estimated that pesticides output would grow 3.5-4.0% by 2023-24.<\/p>\n\n\n\n Dharmaj Crop Guard Limited recently filed a draft red herring prospectus for an initial public offering, to raise \u20b9<\/strong>300 crores. The issue consists of an offering of equity shares worth up to \u20b9<\/strong>216 crores, with a face value of \u20b9<\/strong>10 each, and an offer for sale of up to 14.83 lakh shares by existing shareholders.<\/p>\n\n\n\n The company plans to use \u20b9104.9 crores from the net proceeds towards setting up a manufacturing facility at Saykha Bharuch, Gujarat. In also intends to use \u20b945 crores to fund working capital requirements in 2023. Around \u20b910 crores will be used for the repayment and prepayment of loans, and the remaining amount for general corporate purposes.<\/p>\n\n\n\n Dharmaj Corp is an agrochemical company engaged in the manufacturing, distribution, and marketing of a wide range of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulators, micro fertilizers and antibiotics, targeting B2C and B2B customers.<\/p>\n\n\n\n The Ahmedabad-based company sells its products in granule, powder and liquid forms. The products are exported to more than 20 countries in Latin America, East Africa, the Middle East and Far East Asia. Additionally, the company manufactures and sells general insect\/pest-control formulations.<\/p>\n\n\n\n Dharmaj Corp\u2019s competitors mainly include national players such as Bharat Rasayan Limited, India Pesticides Limited, Heranba Industries Limited, Punjab Chemicals, Crop Protection Limited and Rallis India Limited.<\/p>\n\n\n\n For the fiscal year ended in 2021, Dharmaj Corp had total revenue of \u20b9<\/strong>303 crores, compared to $199 crores in the previous year. The company reported a net profit of \u20b9209 crores for the year, compared to \u20b9107 crores in 2020.<\/p>\n\n\n\n Being an agrochemical company, the most important determinant of the company\u2019s sales is the volume of crops planted. The crops are typically sensitive to weather conditions like rain, draught, floods and cyclone, which would influence the company\u2019s business in regions where its products are used.<\/p>\n","protected":false},"excerpt":{"rendered":" The global pesticides market has grown at a compound annual rate of 4.3% to $67 billion in 2020 from $57 billion in 2016. It is expected to grow1.6-1.8% through 2024 and reach about $71-$72 billion. India ranks fourth in the world in agrochemicals production and 13th in pesticides exports globally. The country\u2019s pesticides output increased […]<\/p>\n","protected":false},"author":1738,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9931,5748,10444],"tags":[9932,8880,8248,2132],"class_list":["post-128249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agricultural-products","category-ipo","category-others","tag-agricultural-products","tag-agriculture","tag-ipo","tag-manufacturing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":128099,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-sresta-natural-bioproducts-plans-public-listing-of-its-shares\/","url_meta":{"origin":128249,"position":0},"title":"IPO Alert: Sresta Natural Bioproducts plans public listing of its shares","author":"Nishad","date":"March 3, 2022","format":false,"excerpt":"The global organic food market expanded to $135 billion in 2020 from $89 billion around five years ago. The share of organic foods in the total food market grew from 2% to 2.3% during that period. The organic food market is expected to grow at 9.4% through 2025, reaching a\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":125059,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-uma-exports-prepares-to-get-listed-on-the-stock-exchange\/","url_meta":{"origin":128249,"position":1},"title":"IPO Alert: Uma Exports prepares to get listed on the stock exchange","author":"Nishadkishore","date":"October 21, 2021","format":false,"excerpt":"Agriculture is the primary source of livelihood for about 58% of India\u2019s population. As per a survey, food grain production in the country totalled 296.65 million tonnes in 2020, up by 11.44 million tonnes compared to 2019. India is among the 15 leading exporters of agricultural products in the world.\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124737,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-awl-files-papers-to-raise-%e2%82%b94500-cr\/","url_meta":{"origin":128249,"position":2},"title":"IPO Alert: AWL files papers to raise \u20b94,500 cr","author":"Nishadkishore","date":"August 11, 2021","format":false,"excerpt":"The size of the Indian packaged food retail market was about \u20b96 trillion in fiscal 2020, which contributed about 15% to the entire food and grocery segment. It is estimated that the edible oil retail market was around \u20b91.79 trillion in FY 2020 and is expected to grow at a\u2026","rel":"","context":"In "Consumer"","block_context":{"text":"Consumer","link":"https:\/\/alphastreet.com\/india\/category\/consumer-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":127947,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-all-you-need-to-know-about-course5-intelligences-upcoming-ipo\/","url_meta":{"origin":128249,"position":3},"title":"IPO Alert: All you need to know about Course5 Intelligence\u2019s upcoming IPO","author":"Nishad","date":"February 24, 2022","format":false,"excerpt":"IPO Alert: All you need to know about Course5 Intelligence\u2019s upcoming IPO Data & Analytics is one of the fastest-growing segments of digital spending. The market for data & analytics was estimated at $174 billion in 2020 and is expected to grow at a compound annual rate of 17.6% to\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":127009,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-rainbow-childrens-medicare-limited-files-for-initial-public-offering\/","url_meta":{"origin":128249,"position":4},"title":"IPO Alert: Rainbow Children\u2019s Medicare Limited files for initial public offering","author":"Nishad","date":"February 3, 2022","format":false,"excerpt":"The estimated size of the hospital market in India was \u20b94,270 billion in the fiscal year 2020, representing an annual growth of 13% since 2016. The country\u2019s maternity care market has seen a growth of 8% between the financial years 2016 and 2020. It is expected to grow by 7-8%\u2026","rel":"","context":"In "Health Care"","block_context":{"text":"Health Care","link":"https:\/\/alphastreet.com\/india\/category\/healthcare-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":151223,"url":"https:\/\/alphastreet.com\/india\/punjab-chemicals-10-rise-in-profits\/","url_meta":{"origin":128249,"position":5},"title":"Punjab Chemicals & Crop Protection Ltd Q1FY24; 10% rise in Profits","author":"Karan_Singh","date":"August 4, 2023","format":false,"excerpt":"Started in 1975 as Punjab United Pesticides & Chemicals Limited (PUPCL) has now evolved as Punjab Chemicals and Crop Protection Limited (Punjab Chemicals), uniting all its divisions \u2013 Agro-technicals, Pharmaceuticals, Intermediates, Chemicals & International Trading, under one roof. The business of the Company is Performance Chemicals, which includes Agro Chemicals,\u2026","rel":"","context":"In "Agricultural Products"","block_context":{"text":"Agricultural Products","link":"https:\/\/alphastreet.com\/india\/category\/agricultural-products\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-184.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-184.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-184.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-184.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-184.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-184.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1738"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=128249"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128249\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/124093"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=128249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=128249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=128249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Agrochemicals Market<\/h2>\n\n\n\n
Key Numbers<\/h2>\n\n\n\n