India Agrochemicals Market Research Report: Forecast (2026-2030)

Market Insights & Analysis: India Agrochemicals Market (2026-30):

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.

Moreover, labor shortages in the country are transforming the control of weeds (undesirable plants) due to manual weeding being labor-intensive, i.e., 8-10 hours of labor per acre. This, including power weeders lacking versatility and labor unavailability, is increasing the demand for herbicides in the country, where farmers are increasingly using pre-emergent and early post-emergent sprays. For instance, domestic firms such as Dhanuka Agritech and Crystal Crop Protection are acquiring rights to new herbicides and developing formulations tailored to rice and wheat, thereby prompting players to innovate in multi-target formulations.

Furthermore, market growth is driven by the high consumption of fertilizers in the country, which will reach 339 lakh tonnes by 2030 (≈165 kg per ha), as projected by the NITI Aayog. Also, the demand for pesticides is projected to rise to 79,233 tonnes, even after accounting for natural farming initiatives and micro-irrigation. Additionally, the variability in climate, which includes erratic rainfall and extreme temperature events, causes losses in farm revenue from 6–12 % for major crops in the country, thereby increasing the need for crop protection chemicals and nutrient management products to stabilize the yields. Therefore, these factors together are ensuring the market growth in the country over the forecast period.

India Agrochemicals Market Scope:

India Agrochemicals Market Driver:

Agricultural Intensification & Climate Related Pest Pressure – Even though the country is the world’s fourth largest agrochemical producer, the use of pesticides is low at 0.5 kg/ha and accounts for only 3.57% of global consumption. However, the government’s support for high-yielding crop varieties through minimum support prices has led to the high adoption of chemical fertilizers and pesticides of more than 78%. Also, cultivation has been intensified due to the country’s high growing population and increasing inclination of diets towards high-value crops. This, including the high pest pressures from climate change and diversification of crops into cotton and vegetables, which require intensive pest management, is driving the demand for pesticides in the country.

Moreover, the country’s warm temperatures and erratic rainfall patterns allow pests to survive longer and expand into new areas, thereby increasing the demand and application of agrochemicals in cultivation. Additionally, socio‑economic factors such as limited awareness of integrated pest management (IPM) and policy incentives that favor synthetic pesticides are also reinforcing their demand. This is also encouraging players to expand their distribution networks and develop products that are adaptive to climate and invest in farmer education, thereby driving the market growth in the country over the forecast period.

India Agrochemicals Market Opportunity:

Shift Toward Bio‑Inputs & Natural Farming – Government support for farmers through policy incentives, such as the National Mission on Natural Farming, launched in 2024, aims to promote chemical-free farming among 10 million farmers and to establish 10,000 bio-input resource centers with funding of around USD279.4 million. This is because biopesticides only account for roughly 9% of the country’s pesticide use, where synthetics still dominate the market. Also, the Agriculture Infrastructure Fund is offering low-interest financing for bio-stimulant production units and precision‑agriculture technologies such as drones, sensors, and remote sensing, thereby making it easier for players to diversify into bio-fertilizers, microbial pesticides, and plant-based extracts. Additionally, bio-inputs in agriculture are increasing due to the high consumer demand for residue-free produce and export markets adopting strict residue norms. This is opportunistic for players who invest early in research and development (R&D), expand their manufacturing capacity and farmer training for bio-pesticides, thereby differentiating their portfolios and mitigating regulatory risks associated with synthetic products in the country.

India Agrochemicals Market Challenge:

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.

India Agrochemicals Market Trend:

Adoption of Digital Technologies – There is increasing adoption of digital technologies, precision agriculture, and AI (artificial intelligence) enabled pest surveillance. For instance, agritech startups in the country are combining IoT (Internet of Things) sensors, remote sensing, and micro‑controllers to monitor the moisture, temperature, and dissolved oxygen in soil, while drone companies such as Marut Drones have drones that utilize AI to identify pest-prone areas and perform targeted pesticide spraying, thereby reducing input costs and harmful exposure. Similarly, there is increasing adoption of machine learning systems such as Plantix and Wadhwani AI that analyze images to provide early pest/disease/weed detection and treatment recommendations. Additionally, the country’s Digital Agriculture Mission has launched a National Pest Surveillance System (NPSS) that uses AI and geospatial data to provide district-level pest forecasts and real-time advisories and alerts. All these enable the precise application of agrochemicals, thereby driving their demand in the country over the forecast period.

India Agrochemicals Market (2026-30): Segmentation Analysis

The India Agrochemicals Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2026–2030 at the national level. Based on the analysis, the market has been further classified as:

Based on Type:

• Fertilizers
• Pesticides
• Plant Growth Regulators (PGRs)
• Others

Out of these, fertilizers hold the largest market share of around 55%. This lead is driven by the high applicability of fertilizers across all cropping systems compared to pesticides or PGRs, which are used conditionally, for instance, when there is high pest pressure or in specific crops. Also, there is increasing adoption of fertilizers among small and marginal farmers due to government subsidy, making them more affordable, as deficiency in nutrients such as Nitrogen, phosphorus, and potassium (NPK) directly limits the yield of crops. This is increasing the demand for fertilizers by farmers who increasingly see them as essential rather than optional in the country.

Moreover, market lead is due to farmers increasingly bringing additional land under multiple cropping or expanding the irrigated acreage. For instance, irrigated agriculture occupies roughly half of India’s gross cropped area (GCA) but consumes about 70% of total fertilizer use. Additionally, high-yielding varieties (HYVs) of staples or commercial crops require high nutrient inputs per hectare, thereby driving the demand for fertilizers in the country and ensuring their market dominance in this growing & flourishing industry.

Based on Crop Type:

• Cereals and Grains
• Fruits and Vegetables
• Oilseeds and Pulses
• Plantation Crops
• Others

Among these, cereals and grains dominate the market with a share of nearly 47%. This is because they account for the vast majority of sown area, such as rice, wheat, and maize, in the country. This, combined with them requiring sustained application of fertilizer and pesticide to meet the yield targets and protect them from pests, is driving the revenue growth of this segment. The government is also supporting their cultivation through a minimum support price for wheat and rice, which is stabilizing farmer incomes and encouraging the continued use of chemical inputs in the country. For instance, in 2018–19, two-thirds of the consumption of fertilizer was applied to food grains, with 35% going to rice and 17.6% to wheat. Additionally, due to cereals and grains being the leading market segment, there is an increasing need for major players such as UPL and Syngenta to prioritize chemical formulations that are optimized for their cultivation, to achieve economies of scale and high margins. Therefore, these factors are driving the market lead of this segment in the country.

Top India Agrochemicals Market Companies: Players, Analysis & Future Outlook

The leading agrochemicals players in the Indian Industry include 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.

India Agrochemicals Ingredients Industry Recent Development:

• 2024: FMC Corporation, a leading agricultural sciences company, announced the launch of three cutting-edge crop protection solutions in India. The new herbicides and fungicides complement FMC’s current robust portfolio of insecticides and reaffirm the company's commitment to meeting the evolving needs of Indian farmers with science and innovation-driven crop solutions.
• 2024: Corteva Agriscience announced the launch of Salibro™ nematicide in India. This innovative product, powered by Reklemel™ active, provides farmers with a targeted and environmentally friendly solution to protect their crops from damaging nematodes while preserving soil health.

Gain a Competitive Edge with Our India Agrochemicals Market Report

1. India Agrochemicals Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. India Agrochemicals Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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