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India Agrochemicals Market Share, Size, Growth, Analysis, Forecast: By Type: Pesticide, Fertiliser; By Nature: Synthetic, Bio-based; By Crop Application: Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Turf and Ornamentals, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
India Agrochemicals Market Outlook
The India agrochemicals market size reached a value of almost USD 6 billion in the year 2023. The market is further expected to grow at a CAGR of 8.5% between 2024 and 2032 to reach a value of almost USD 9.82 billion by 2032.
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The India agrochemicals market is a significant region, contributing to the growth of the Asia Pacific agrochemicals market. The Asia Pacific region is growing at the fastest rate on a global basis due to the enormous consumption of pesticides and fertilizers for farming activities. This is a result of adopting modern and advanced farming practices in the region.
The Asia Pacific region gives domestic as well as international companies a place to grow within the region. After the revival of the economy and the stabilization of regional currency rates, the farmers are now focusing on investing in these crop-protecting and growth-boosting chemicals. India, along with China and Japan, exhibits the largest agrochemical markets of the Asia Pacific region. At present, China is dominating the market with its developing agricultural sector, in confluence with the need for its growing population. Globally, the country is the largest producer as well as the largest consumer of fertilizers.
Market Segmentation
Agrochemicals or agrichemicals is a contraction of agricultural chemical. It is a chemical product that is used in agriculture to increase the output from the land. In various cases, agrichemical refers to pesticides, including fungicides, insecticides, herbicides, and nematicides.
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Based on type, the market is segmented into:
- Pesticide
- Herbicides
- Insecticides
- Fungicides
- Fertiliser
- Nitrogenous
- Phosphatic
- Potassic
By nature, the market is divided into:
- Synthetic
- Bio-based
On the basis of crop application, the market is divided into:
- Grains and Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Turf and Ornamentals
- Others
Based on region, the market is segmented into:
- North Region
- East and Central Region
- West Region
- South Region
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Market Analysis
The India agrochemicals market is driven by the rising population within the country, which has led to maintaining sufficiency in agricultural practices, further boosting the use of Indian agrochemical products for farming activities. The industry is positively influenced by the Indianization of the agrochemical industry, which has fuelled the sales of agrochemical products. Other factors affecting the growth of India agrochemical industry include an increase in the population growth, rising need for food production, and economic growth.
As the demand for food products is increasing, the landmass available for agriculture is gradually decreasing due to the heightened effect of urbanisation, which is providing an impetus for the farmers to use different agrochemicals to increase land productivity and maintain soil health. The positive trend and the integrating farming practices in the country are expected to propel the industry growth rate of agrochemicals in India within the forecast period. However, the market may find hindrance due to low awareness of the benefits of agrochemicals among the farming community, and their low acceptance of the modern-day farming practices.
The report gives a detailed analysis of the key players in the agrochemicals industry in India, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Nature |
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| Breakup by Crop Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Agrochemicals Market Overview
8.1 Key Industry Highlights
8.2 Global Agrochemicals Historical Market (2018-2023)
8.3 Global Agrochemicals Market Forecast (2024-2032)
8.4 Global Agrochemicals Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 India Agrochemicals Market Overview
9.1 Key Industry Highlights
9.2 India Agrochemicals Historical Market (2018-2023)
9.3 India Agrochemicals Market Forecast (2024-2032)
10 India Agrochemicals Market by Type
10.1 Pesticide
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Herbicides
10.1.3.2 Insecticides
10.1.3.3 Fungicides
10.2 Fertiliser
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Nitrogenous
10.2.3.2 Phosphatic
10.2.3.3 Potassic
11 India Agrochemicals Market by Nature
11.1 Synthetic
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Bio-based
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 India Agrochemicals Market by Crop Application
12.1 Grains and Cereals
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Pulses and Oilseeds
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Fruits and Vegetables
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Turf and Ornamentals
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 India Agrochemicals Market by Region
13.1 North Region
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 East and Central Region
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 West Region
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Region
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 UPL Ltd
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Bayer AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Syngenta
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 BASF SE
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 PI Industries Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Sumitomo Chemical Co., Ltd
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Dhanuka Agritech Limited
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Meghmani Organics Ltd
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Tata Chemicals Ltd
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Coromandel International Limited
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Agrochemicals Market: Key Industry Highlights, 2018 and 2032
2. India Agrochemicals Market: Key Industry Highlights, 2018 and 2032
3. India Agrochemicals Historical Market: Breakup by Type (USD Million), 2018-2023
4. India Agrochemicals Market Forecast: Breakup by Type (USD Million), 2024-2032
5. India Agrochemicals Historical Market: Breakup by Nature (USD Million), 2018-2023
6. India Agrochemicals Market Forecast: Breakup by Nature (USD Million), 2024-2032
7. India Agrochemicals Historical Market: Breakup by Crop Application (USD Million), 2018-2023
8. India Agrochemicals Market Forecast: Breakup by Crop Application (USD Million), 2024-2032
9. India Agrochemicals Historical Market: Breakup by Region (USD Million), 2018-2023
10. India Agrochemicals Market Forecast: Breakup by Region (USD Million), 2024-2032
11. India Agrochemicals Market Structure
Key Questions Answered in the Report
In 2023, the India agrochemicals market attained a value of nearly USD 6 billion.
The market is projected to grow at a CAGR of 8.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD USD 9.82 billion by 2032.
The major drivers of the industry, such as growing population, regional economic growth, increased government initiatives to assist farmers, and create awareness among them regarding modern agricultural practices, and rapid technological advancements are expected to aid the industry growth.
The key guiding the growth of the industry in India include increasing investment in the protection of crops, and the development of integrated farming practices and their growing acceptance among the farmers in the region.
Analyst Review
The India agrochemicals market attained a value of USD 6 billion in the year 2023, driven by technological advancements and growing awareness regarding modern farm practices. Aided by the utilisation of integrated farming practices, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8.5%. The agrochemicals market is projected to reach USD 9.82 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
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