India Agrochemicals Market Size, Growth & Trends 2025-2034

The India agrochemicals market has witnessed significant growth, reaching a market value of approximately USD 3.23 billion in 2024. This growth trajectory is expected to continue, driven by various factors such as increasing food demand, government support, and technological advancements in agricultural practices. With the country’s population projected to hit 1.5 billion by 2030, the need for enhanced agricultural productivity has never been more critical. In this blog, we will explore the India agrochemicals market in detail, including its size, trends, growth drivers, market analysis, forecast, and competitor landscape.

India Agrochemicals Market Overview

The agrochemical industry in India encompasses products such as pesticides, herbicides, fungicides, and fertilizers that are vital to improving agricultural productivity. The industry plays a crucial role in protecting crops from pests and diseases, enhancing soil fertility, and ensuring higher yields. As agriculture remains the backbone of the Indian economy, agrochemicals are indispensable for meeting the growing demand for food.

With the agricultural sector experiencing a shift towards more efficient, high-tech solutions, the agrochemical market in India is adapting to meet the challenges of modern farming practices. The increasing population, changing weather patterns, and the push for sustainable farming are driving innovation in the sector, making it a dynamic and rapidly evolving market.

India Agrochemicals Market Size

The India agrochemicals market reached a value of around USD 3.23 billion in 2024. This growth is primarily attributed to the increasing demand for food crops due to the rising population and the country’s reliance on agricultural exports. Additionally, the growing adoption of agrochemical products across diverse crops like cereals, pulses, oilseeds, fruits, and vegetables is contributing to market expansion.

The market is expected to continue its growth trajectory, with an estimated compound annual growth rate (CAGR) of 4.10% during the forecast period from 2025 to 2034. By 2034, the market is projected to reach a value of approximately USD 4.83 billion, driven by rising demand for agrochemical solutions and technological advancements in farming practices.

India Agrochemicals Market Trends

Several key trends are shaping the agrochemicals market in India:

Adoption of Precision Farming: With technological advancements, precision farming has gained popularity. This technique allows farmers to apply agrochemicals more efficiently, reducing wastage and enhancing crop yields.

Biological Agrochemicals: There is a growing demand for organic and bio-based agrochemicals as consumers become more environmentally conscious and demand sustainable farming practices.

Rising Demand for Herbicides and Fungicides: As the demand for crop protection increases, herbicides and fungicides are experiencing a surge in demand, especially in the context of pest-resistant crops and disease outbreaks.

Government Initiatives: The Indian government has introduced several policies and subsidies to promote the use of agrochemicals. These initiatives aim to ensure food security and provide financial support to farmers, driving market growth.

Get a Free Sample Report with Table of Contents

India Agrochemicals Market Segmentation

Type
Pesticide
Fertiliser

Nature
Synthetic
Bio-based

Application
Cereal and Grains
Oilseeds and Pulses
Fruits and Vegetables
Turf and Ornamentals

India Agrochemicals Market Growth

The agrochemicals market in India is poised for steady growth, driven by factors such as population growth, increasing agricultural exports, and government support. The country’s agricultural sector requires continuous innovation and improvement to meet the demands of its growing population. The rise in global demand for high-quality agricultural products is also providing opportunities for Indian agrochemical companies to expand their presence in international markets.

In addition, the introduction of modern farming techniques, such as the use of drones for pesticide spraying and soil health monitoring, is further boosting the growth of the agrochemical market. Farmers are increasingly adopting these technologies to improve efficiency and productivity, creating a positive environment for the growth of agrochemical products.

India Agrochemicals Market Analysis

The India agrochemicals market is highly fragmented, with both domestic and international players competing for market share. The industry is driven by the demand for crop protection solutions and fertilizers that enhance agricultural productivity. The competitive landscape is shaped by major players such as Sumitomo Chemical Co., Ltd, Corteva Agriscience AG, Tata Chemicals Ltd., Dhanuka Agritech Limited, and Meghmani Organics Limited.

Market players are focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their position in the market. Furthermore, collaborations with government agencies and agricultural organizations are playing a significant role in expanding market reach and improving the accessibility of agrochemical products.

India Agrochemicals Market Forecast

The India agrochemicals market is expected to grow at a CAGR of 4.10% from 2025 to 2034, reaching a value of USD 4.83 billion by 2034. This growth will be fueled by the increasing demand for food, the adoption of sustainable farming practices, and technological innovations. Additionally, India’s status as a net exporter of agrochemicals will continue to contribute to the market’s expansion, especially with the rising global demand for herbicides and fungicides.

The focus on developing more efficient agrochemical formulations, coupled with the introduction of precision farming techniques, is expected to further enhance the overall productivity of the sector. The continued investment in research and development (R&D) to improve crop protection solutions will also drive growth during the forecast period.

Competitor Analysis

Several key players dominate the India agrochemicals market, including:

Sumitomo Chemical Co., Ltd: A global leader in the agrochemical industry, Sumitomo Chemical is known for its wide range of crop protection products, including herbicides, fungicides, and insecticides. The company has a strong presence in India and is focused on expanding its portfolio of sustainable agricultural solutions.

Corteva Agriscience AG: Corteva Agriscience is a leading player in the global agrochemicals market, providing innovative solutions for crop protection and seed treatments. The company has been actively investing in the Indian market and expanding its product offerings to cater to the needs of Indian farmers.

Tata Chemicals Ltd.: As a prominent Indian player, Tata Chemicals has a strong presence in the fertilizer and crop protection segment. The company’s focus on research and development helps it offer effective and sustainable agrochemical solutions.

Dhanuka Agritech Limited: Dhanuka Agritech is a well-established player in the Indian agrochemical market, specializing in crop protection products such as pesticides and fungicides. The company’s products are designed to meet the diverse needs of Indian farmers.

Meghmani Organics Limited: Known for its wide range of agrochemicals, Meghmani Organics has been catering to both domestic and international markets. The company is focused on expanding its product portfolio and strengthening its position in the Indian agrochemicals market.

Others: Several other players are active in the Indian agrochemicals market, contributing to the industry’s competitive landscape.