Future of India Agrochemicals Market: Key Dynamics, Size & Share Analysis

The India Agrochemicals Market size is valued at around USD 8.22 billion in 2025 and is expected to reach USD 11.76 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.43% during the forecast period, i.e., 2026-30. The market growth is driven by the need to secure food for the growing high population, manage pest pressures, and modernize farming practices in the country. This is particularly important due to the increasing climate change and resource pressures, which are creating uncertainties in the yields, with yield losses from insects, diseases, weeds, and rodents ranging from 15-25%, valued at USD10.1-15.7 billion annually. This is increasing the demand for agrochemicals such as insecticides, fungicides, and herbicides by farmers to protect their crops.

Top Challenges Impacting the India Agrochemicals Market Growth

High Dependence on Imports – The country is highly dependent on imported feedstock, which created a trade deficit of around USD31 billion in 2023. This is due to infrastructure bottlenecks, inadequate common-user facilities, inefficient logistics, low research and development (R&D) intensity, and funding constraints in the country, which are undermining the domestic manufacturing competitiveness and restricting innovation and technology partnerships in the country. It is also leaving players vulnerable to competition from foreign suppliers and price volatility. For instance, while exports will recover in the FY-2026, historically low realizations and pricing pressures from competitively priced Chinese products will continue to hinder revenue growth and keep operating margins below pre-pandemic levels. Additionally, this is compelling players to prioritize working capital management and limit their capital expenditure, thereby delaying capacity expansion and new product development. Therefore, the dependence on imports is hindering investments and preventing the industry’s ability to capture domestic and export growth opportunities in the country.

Understanding the Core Segments in the India Agrochemicals Market

India Agrochemicals Market Size, Share & Industry Trends AnalysisBy Type (Fertilizers, Pesticides, Plant Growth Regulators (PGRs), Others), By Crop Type (Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses, Plantation Crops, Others), By Formulation (Liquid, Granular, Powder, Others), By End-User (Individual or Smallholder Farmers, Commercial or Corporate Farms, Cooperatives and Farmer Producer Organizations (FPOs), Government and Institutional Users,) and others.

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Geographical Analysis of the India Agrochemicals Market

• North
• East
• South
• West
• Central

Who Dominates the India Agrochemicals Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d

• ADAMA India Pvt. Ltd.
• BASF India
• Bayer CropScience India
• Corteva Agriscience India
• Dhanuka Agritech Ltd.
• FMC India (FMC Corporation)
• Gharda Chemicals Ltd.
• Godrej Agrovet Ltd.
• Insecticides (India) Ltd.
• PI Industries Ltd.
• Rallis India Ltd.
• Sumitomo Chemical India
• Syngenta India
• Tagros Chemicals (Arqivo subsidiary)
• UPL Ltd. and others.

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