India Agrochemicals Market- Trend Analysis & Forecasts
Description
India Agrochemicals Market Overview:
India’s agrochemicals industry is one of the largest globally, valued at US$ ** billion in 2024, with exports accounting for nearly 50% of total output. The sector plays a crucial role in supporting India’s 280 million tonnes of annual food grain production and extensive horticultural output. Driven by a mix of domestic consumption and global demand, India has become the second-largest pesticide exporter after China, supplying to over 130 countries. Growth is led by rising demand for crop protection in cereals, pulses, and cash crops such as cotton and soybean, while formulation and contract manufacturing hubs in Gujarat, Maharashtra, and Andhra Pradesh continue to expand capacity.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the India agrochemicals market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
Demand is propelled by the push for higher yields, intensification of cultivation, and wider adoption of modern practices such as mechanization, drip irrigation, and GM seeds. Government support—ranging from fertilizer subsidies to promotion of bio-based inputs and precision agriculture—adds momentum. Digital and tech-led solutions, including drone spraying and AI-driven advisory, are boosting input efficiency and opening export opportunities for Indian manufacturers.
Market Restraints & Challenges
Growth is tempered by stringent environmental regulations, scrutiny of chemical pesticides, and the spread of counterfeit or substandard products that erode farmer trust. Input cost volatility and supply-chain disruptions periodically pressure margins, while fragmented landholdings slow adoption of advanced solutions. The rising shift toward organic farming also caps the pace of synthetic agrochemical demand in select segments.
Market Segmentation
Crop protection chemicals dominate the industry with over 70% market share, comprising insecticides, herbicides, and fungicides. Insecticides remain the largest sub-segment, mainly driven by rice and cotton crops, while herbicides are the fastest-growing due to expanding adoption in non-traditional crops such as maize and soybean. Bio-based agrochemicals, though accounting for less than 10-12% share, are expected to grow at CAGR above 12%, driven by organic farming trends and export compliance needs. On the user side, cereals, pulses, and plantation crops contribute a major share of demand, while horticulture and vegetables are emerging as high-value growth areas.
Competitive Landscape
The market is moderately consolidated with major players including UPL, PI Industries, Rallis India, Bayer CropScience, Dhanuka Agritech, and Syngenta India. UPL remains the largest domestic player with a strong global footprint, while PI Industries and Dhanuka focus on specialty formulations and partnerships with multinational R&D firms. New entrants are expanding in biopesticides, and contract manufacturing for global majors is creating backward integration in intermediates. Mergers and acquisitions, capacity expansions in Dahej and Ankleshwar, and innovation in green chemistry formulations are reshaping competitiveness.
Outlook
Through 2032, India is poised to consolidate its role as a global agrochemical hub as sustainability, precision farming, and export growth converge. Bio-based agrochemicals, nano-pesticides, and microencapsulation are set to scale, supported by policy incentives and agritech adoption. With food-security needs rising and digital tools improving input use, long-term growth looks resilient—contingent on tightening quality control, strengthening supply chains, and aligning with evolving environmental standards.
Scope of the Report:
• Historical Years: 2018-2023
• Base Year: 2024
• Forecast Period: 2025-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Category (Crop Protection, Plant Nutrition, and PGRs)
Crop Protection (Pesticides)
By Nature (Synthetic Chemicals and Biologicals)
By Type (Insecticides, Herbicides, Fungicides, and Others)
Plant Nutrition Products (Fertilizers)
By Type (Inorganic Fertilizers and Organic Fertilizers)
Inorganic Fertilizers (Straight, Complex, and Specialty Fertilizers (WSF, CRF & SRF, and Micronutrient Fertilizers))
Organic Fertilizers & Biologicals-based Fertilizers (Biofertilizers & Biostimulants)
Plant Growth Regulators (Auxins, Cytokinins, Gibberellins, and Others)
• Companies Profiled: The market players include, BASF India, Bayer CropScience, Best Agrolife Ltd., Bharat Group, Biostadt India Limited., Chambal Fertilisers and Chemicals Ltd., Coromandel International, Corteva Agriscience, Crystal Crop Protection, Deepak Fertilisers and Petrochemicals Corporation, Dhanuka Agritech, Excel Industries Ltd., Gharda Chemicals, Gujarat State Fertilizers & Chemicals Ltd (GSFC), Heramba Industries, Indian Farmers Fertiliser Cooperative Limited, Indofil Industries, Insecticides India Ltd. Krishak Bharati Cooperative Limited (KRIBHCO), Krishi Rasayan, Meghmani Organics, NACL Industries, Nagarjuna Fertilizers and Chemicals Ltd., National Fertiliser Ltd., PI Industries, Rallis India Ltd, Rashtriya Chemicals & Fertilizers Limited (RCF), Safex Chemicals, Sharda Cropchem, SML Group, Sumitomo Chemical India, Syngenta India Ltd., Tagros Chemicals, T. Stanes & Company Limited, UPL Limited, Zuari Agro Chem, and Others.
Please note: It will take 8-10 business days to deliver the report upon receipt the order.
India’s agrochemicals industry is one of the largest globally, valued at US$ ** billion in 2024, with exports accounting for nearly 50% of total output. The sector plays a crucial role in supporting India’s 280 million tonnes of annual food grain production and extensive horticultural output. Driven by a mix of domestic consumption and global demand, India has become the second-largest pesticide exporter after China, supplying to over 130 countries. Growth is led by rising demand for crop protection in cereals, pulses, and cash crops such as cotton and soybean, while formulation and contract manufacturing hubs in Gujarat, Maharashtra, and Andhra Pradesh continue to expand capacity.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the India agrochemicals market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
Demand is propelled by the push for higher yields, intensification of cultivation, and wider adoption of modern practices such as mechanization, drip irrigation, and GM seeds. Government support—ranging from fertilizer subsidies to promotion of bio-based inputs and precision agriculture—adds momentum. Digital and tech-led solutions, including drone spraying and AI-driven advisory, are boosting input efficiency and opening export opportunities for Indian manufacturers.
Market Restraints & Challenges
Growth is tempered by stringent environmental regulations, scrutiny of chemical pesticides, and the spread of counterfeit or substandard products that erode farmer trust. Input cost volatility and supply-chain disruptions periodically pressure margins, while fragmented landholdings slow adoption of advanced solutions. The rising shift toward organic farming also caps the pace of synthetic agrochemical demand in select segments.
Market Segmentation
Crop protection chemicals dominate the industry with over 70% market share, comprising insecticides, herbicides, and fungicides. Insecticides remain the largest sub-segment, mainly driven by rice and cotton crops, while herbicides are the fastest-growing due to expanding adoption in non-traditional crops such as maize and soybean. Bio-based agrochemicals, though accounting for less than 10-12% share, are expected to grow at CAGR above 12%, driven by organic farming trends and export compliance needs. On the user side, cereals, pulses, and plantation crops contribute a major share of demand, while horticulture and vegetables are emerging as high-value growth areas.
Competitive Landscape
The market is moderately consolidated with major players including UPL, PI Industries, Rallis India, Bayer CropScience, Dhanuka Agritech, and Syngenta India. UPL remains the largest domestic player with a strong global footprint, while PI Industries and Dhanuka focus on specialty formulations and partnerships with multinational R&D firms. New entrants are expanding in biopesticides, and contract manufacturing for global majors is creating backward integration in intermediates. Mergers and acquisitions, capacity expansions in Dahej and Ankleshwar, and innovation in green chemistry formulations are reshaping competitiveness.
Outlook
Through 2032, India is poised to consolidate its role as a global agrochemical hub as sustainability, precision farming, and export growth converge. Bio-based agrochemicals, nano-pesticides, and microencapsulation are set to scale, supported by policy incentives and agritech adoption. With food-security needs rising and digital tools improving input use, long-term growth looks resilient—contingent on tightening quality control, strengthening supply chains, and aligning with evolving environmental standards.
Scope of the Report:
• Historical Years: 2018-2023
• Base Year: 2024
• Forecast Period: 2025-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Category (Crop Protection, Plant Nutrition, and PGRs)
Crop Protection (Pesticides)
By Nature (Synthetic Chemicals and Biologicals)
By Type (Insecticides, Herbicides, Fungicides, and Others)
Plant Nutrition Products (Fertilizers)
By Type (Inorganic Fertilizers and Organic Fertilizers)
Inorganic Fertilizers (Straight, Complex, and Specialty Fertilizers (WSF, CRF & SRF, and Micronutrient Fertilizers))
Organic Fertilizers & Biologicals-based Fertilizers (Biofertilizers & Biostimulants)
Plant Growth Regulators (Auxins, Cytokinins, Gibberellins, and Others)
• Companies Profiled: The market players include, BASF India, Bayer CropScience, Best Agrolife Ltd., Bharat Group, Biostadt India Limited., Chambal Fertilisers and Chemicals Ltd., Coromandel International, Corteva Agriscience, Crystal Crop Protection, Deepak Fertilisers and Petrochemicals Corporation, Dhanuka Agritech, Excel Industries Ltd., Gharda Chemicals, Gujarat State Fertilizers & Chemicals Ltd (GSFC), Heramba Industries, Indian Farmers Fertiliser Cooperative Limited, Indofil Industries, Insecticides India Ltd. Krishak Bharati Cooperative Limited (KRIBHCO), Krishi Rasayan, Meghmani Organics, NACL Industries, Nagarjuna Fertilizers and Chemicals Ltd., National Fertiliser Ltd., PI Industries, Rallis India Ltd, Rashtriya Chemicals & Fertilizers Limited (RCF), Safex Chemicals, Sharda Cropchem, SML Group, Sumitomo Chemical India, Syngenta India Ltd., Tagros Chemicals, T. Stanes & Company Limited, UPL Limited, Zuari Agro Chem, and Others.
Please note: It will take 8-10 business days to deliver the report upon receipt the order.
Table of Contents
185 Pages
- 1. Executive Summary
- 2. 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. Product/ Market Overview
- 3.1. Agriculture and Agrochemicals Use Trend
- 3.2. India Agrochemicals Industry & Key Product Categories
- 3.3. Production Process, Raw Materials, Standard Forms, and Packaging
- 3.4. India Agrochemicals Self-sufficiency Analysis
- 3.5. Regulatory Analysis
- 4. India: Country Profile
- 5. India Agrochemicals Market Growth Factors Analysis
- 5.1. Drivers and Restraints Analysis
- 5.2. Challenges and Opportunities Analysis
- 5.3. India Agrochemicals Industry SWOT Analysis
- 5.4. India Agrochemicals PESTEL Analysis
- 5.5. India Agrochemicals Market Porter's Five Forces analysis
- 6. India Agrochemicals Market: Supply-Demand Analysis
- 6.1. Agrochemicals Production Trend
- 6.2. Agrochemicals Demand Trend
- 6.3. Agrochemicals Supply Chain Analysis
- 6.4. Agrochemicals Product Variants
- 7. Agrochemicals Market: Segmentation Analysis
- 7.1. Agrochemicals Market, by Category
- 7.1.1. Crop Protection
- 7.1.2. Plant Nutrition
- 7.1.3. PGRs
- 7.2. Crop Protection Chemical Products (Pesticides)
- 7.2.1. By Nature
- 7.2.1.1. Synthetic Chemicals
- 7.2.1.2. Biologicals
- 7.2.2. By Type
- 7.2.2.1. Insecticides
- 7.2.2.2. Herbicides
- 7.2.2.3. Fungicides
- 7.2.2.4. Others
- 7.3. Plant Nutrition Products (Fertilizers)
- 7.3.1. By Nature
- 7.3.1.1. Inorganic Fertilizers
- 7.3.1.2. Organic Fertilizers
- 7.3.2. By Type
- 7.3.2.1. Straight & Complex Fertilizers
- 7.3.2.2. Specialty Fertilizers
- 7.3.2.2.1. Water-soluble Fertilizers (WSF)
- 7.3.2.2.2. CRF & SRF
- 7.3.2.2.3. Micronutrient Fertilizers
- 7.3.2.3. Organic Fertilizers
- 7.3.2.3.1. Organic Mineral Fertilizers
- 7.3.2.3.2. Biologicals-based Fertilizers
- 8. Agrochemicals Market: Trade (Export & Import) Analysis
- 8.1. Agrochemicals Export Trend Analysis
- 8.2. Agrochemicals Import Trend Analysis
- 9. Agrochemicals Market: Price Trend Analysis
- 9.1. Domestic Price Trend
- 9.2. Trade Price Trend
- 9.3. Price Events Analysis
- 10. Competitive Analysis
- 10.1. Agrochemicals Market Mapping
- 10.1.1. List of Key Countries Exporting Agrochemicals to India
- 10.1.2. List of Key Companies Exporting & Importing Agrochemicals from/to India
- 10.1.3. India Agrochemicals Market Share Analysis
- 10.2. Company Profiles
- 10.2.1. BASF India
- 10.2.2. Bayer CropScience
- 10.2.3. Bharat Group
- 10.2.4. Biostadt India Limited.
- 10.2.5. Chambal Fertilisers and Chemicals Ltd.
- 10.2.6. Coromandel International
- 10.2.7. Corteva Agriscience
- 10.2.8. Crystal Crop Protection
- 10.2.9. Deepak Fertilisers and Petrochemicals Corporation
- 10.2.10. Dhanuka Agritech
- 10.2.11. Excel Industries Ltd
- 10.2.12. Gharda Chemicals
- 10.2.13. Gujarat State Fertilizers & Chemicals Ltd (GSFC)
- 10.2.14. Heramba Industries
- 10.2.15. Indian Farmers Fertiliser Cooperative Limited
- 10.2.16. Indofil Industries
- 10.2.17. Insecticides India Ltd.
- 10.2.18. Krishak Bharati Cooperative Limited (KRIBHCO)
- 10.2.19. Krishi Rasayan
- 10.2.20. Meghmani Organics
- 10.2.21. NACL Industries
- 10.2.22. Nagarjuna Fertilizers and Chemicals Ltd.
- 10.2.23. National Fertiliser Ltd.
- 10.2.24. PI Industries
- 10.2.25. Rallis India Ltd
- 10.2.26. Rashtriya Chemicals & Fertilizers Limited (RCF)
- 10.2.27. Safex Chemicals
- 10.2.28. Sharda Cropchem
- 10.2.29. SML Group
- 10.2.30. Sumitomo Chemical India
- 10.2.31. Syngenta India Ltd.
- 10.2.32. Tagros Chemicals
- 10.2.33. T. Stanes & Company Limited
- 10.2.34. UPL Limited
- 10.2.35. Zuari Agro Chem
- 11. Conclusion
- 12. Appendix
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