India Agrochemicals Market Value, Trends, and Forecast for 2025-2034

According to the report by Expert Market Research (EMR), the India agrochemicals market size reached a value of USD 3.23 billion in 2024. Aided by rising demand for effective pest control and nutrient management, increased awareness about the importance of sustainable agriculture, and government initiatives to support farmers in adopting modern farming practices the market is projected to further grow at a CAGR of 4.1% between 2025 and 2034, reaching almost USD 4.83 billion by 2034.

Agrochemicals, encompassing fertilizers, pesticides, herbicides, and other crop protection chemicals, play an integral role in enhancing agricultural productivity. The Indian agricultural sector is pivotal for the nation's economy, providing livelihood to a significant proportion of the population. Hence, ensuring optimal crop yields and minimizing post-harvest losses are key goals. The growth in this market is propelled by the intensification of agriculture practices, improved irrigation facilities, and the adoption of efficient agrochemical products.

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The India agrochemicals market growth is driven by population growth and food security. India's population of over 1.4 billion places significant pressure on the agricultural sector to meet growing food demand. Agrochemicals are vital for maximizing crop yield per hectare, ensuring a sufficient food supply. Rising incomes and changing dietary habits, which include increased consumption of fruits, vegetables, and proteins, are driving demand for diverse crops. Agrochemicals help farmers efficiently produce a wider range of high-quality produce to meet this demand.

Technological advancements also influence the agrochemicals market in India. Precision agriculture uses satellite imagery, drones, and sensors to apply fertilizers and pesticides precisely, reducing waste and environmental impact. Genetic engineering creates pest- and disease-resistant crops that need specialized agrochemicals. Formulation improvements, like controlled-release fertilizers and less toxic pesticides, enhance sustainability while providing effective crop protection.

Government plays a crucial role in contributing to the India agrochemicals market share. Government initiatives support Indian farmers by enhancing agricultural productivity. Fertilizer subsidies enable financially constrained farmers to access essential soil nutrients. The Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) provides irrigation solutions to complement fertilizers and pesticides for optimal growth. The National Mission for Sustainable Agriculture (NMSA) promotes organic farming and integrated pest management, fostering a balanced approach to agrochemicals. Meanwhile, the Soil Health Card Scheme educates farmers about soil composition, helping them make informed nutrient application decisions.

As per the India agrochemicals market outlook, the biopesticides and biofertilizers market is expanding rapidly, complementing traditional agrochemicals, especially in organic farming. Research into beneficial microorganisms and plant extracts is driving innovation, resulting in new, novel formulations. Also, Indian agrochemical companies are expanding into new markets across Africa, Latin America, and Southeast Asia, where agriculture is growing. Securing global quality certifications helps them meet international standards and widen their market reach.

According to the India agrochemicals market analysis, digital agriculture is gaining traction with direct-to-farmer platforms connecting farmers to manufacturers for better pricing and guidance on agrochemical use. Big data and analytics provide predictive insights, enabling precise agrochemical application to boost productivity and minimize environmental impact.

The market is positioned for growth, supported by a confluence of demographic shifts, technological advancements, and supportive government policies. While challenges such as regulatory hurdles and the threat of counterfeit products remain, innovation and the rise of sustainable agricultural practices will shape future market dynamics. As farmers transition towards modern farming methods, the demand for efficient and high-quality agrochemicals will continue to drive the market forward.

Market Segmentation

The market can be divided based on type, nature, application, and region.

Market Breakup by Type

Pesticide
Herbicides
Insecticides
Fungicides
Others
Fertiliser
Nitrogenous
Phosphatic
Potassic
Others

Market Breakup by Nature

Synthetic
Bio

Market Breakup by Application

Grains and Cereals
Corn
Wheat
Rice
Others
Pulses and Oilseeds
Soybean
Sunflower
Others
Fruits and Vegetables
Apple
Cucumber
Grapes
Tomato
Others
Turf and Ornamentals

Market Breakup by Region

North India
East and Central India
West India
South India

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Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India agrochemicals market. Some of the major players explored in the report by Expert Market Research are as follows:

UPL Ltd
Bayer AG
Syngenta Crop Protection AG
BASF SE
PI Industries Limited
Sumitomo Chemical Co., Ltd
Corteva Agriscience AG
Dhanuka Agritech Limited
Meghmani Organics Ltd
Tata Chemicals Ltd
Coromandel International Limited
Others

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