India Agrochemical Industry Report is Segmented Into Product Type (Fertilizers, Pesticides, Adjuvants, and Plant Growth Regulators) and Application (Crop-Based and Non-Crop-Based). The Report Offers Market Size and Forecasts for the Market in Terms of Value (USD) for all the Above Segments.

The market value of agrochemical industry in India was around 10.3 billion U.S. dollars in 2025. With a compound annual growth rate of nine percent, it was estimated to reach a value of 14.5 billion U.S. dollars by 2028. The reported fiscal year ends on March 31.

IMARC’s new report “Indian Agrochemicals Market Report & Forecast: 2012-2017” provides an analytical and statistical insight into the Indian agrochemicals market. The report has segmented the Indian agrochemicals market into two segments – fertilizers and pesticides. For each of the aforementioned categories, the report provides:

• Historical & current sales
• Historical & current volumes
• Market drivers
• Competitive landscape
• Performance of various segments
• Market forecast

The research study serves as an exceptional tool to understand the market trends, structure, competitive landscape and the outlook of the Indian agrochemicals market till 2017-18. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the Indian agrochemicals market in some form or the other.

Key Questions Answered in this Report:

• What is the size and breakup of the agrochemicals market in India?
• What has been the historical performance of the Indian fertilizer market during 2005-06 - 2011-12 and its outlook till 2017-18?
• What has been the performance of key classes in the Indian fertilizer market?
• What is the competitive structure of the Indian fertilizer market?
• What has been the historical performance of the Indian pesticides market during 2005-06 - 2011-12 and its outlook till 2017-18?
• What has been the performance of key classes in the Indian pesticides market?
• What is the competitive structure of the Indian pesticides market?

Information Sources: Information has been sourced from both primary and secondary sources:

• Primary sources include industry surveys and face to face/telephone interviews with industry experts.
• Secondary sources include proprietary databases and search engines. These sources include company websites and reports, books, trade journals, magazines, white papers, industry portals, government sources and access to more than 4000 paid databases.

The Agrochemical Market in India size was valued at USD 8.22 Million in 2023 and is projected to reach USD 10.82 Million by 2032, exhibiting a CAGR of 4.00 % during the forecasts periods. Key factors driving this growth include: Recent developments include: March 2022: FMC India Introduced Corprima,' a New Insecticide for Tomato & Okra Crops. Corprima is a novel insecticide that provides higher pest control and improved flower and fruit retention, resulting in larger, higher-quality harvests., February 2022: Crystal Crop Protection Limited launched its new product HOLA, a post-emergent herbicide to protect sugarcane crops from weeds across the country., March 2021: FMC Corporation collaborated on a long-term strategic partnership with UPL Limited to supply Rynaxypr active (insecticide) for use in its product formulations.. Key drivers for this market are: Adoption of Organic and Eco-friendly Farming Practices, Declining Area of Arable Land and Rising Food Security Concerns. Potential restraints include: High Demand for Conventional and Synthetic Products, Lack of Awareness and Other Factors Limiting the Adoption of Agricultural Inoculants. Notable trends are: Increasing Population Leads to Increased Food Demand.

The India Crop Protection Chemicals Market is segmented by Function (Fungicide, Herbicide, Insecticide, Molluscicide, Nematicide), by Application Mode (Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment) and by Crop Type (Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental). The report offers market size in both market value in USD and market volume in metric ton. Further, the report includes a market split by function, application mode, and crop types.

Snapshot img

Agrochemicals Market Size 2024-2028

The agrochemicals market size is forecast to increase by USD 51.2 million at a CAGR of 4.51% between 2023 and 2028.

The market is experiencing significant growth due to several key trends and challenges. One of the primary growth factors is the increasing use of herbicides to enhance crop productivity and protect against pests. The increasing use of herbicides and agricultural pesticides to control pests and weeds is driving demand. Another trend shaping the market is the implementation of Integrated Pest Management (IPM) as a new method of crop protection. This approach focuses on the long-term prevention of pests and diseases, reducing the reliance on synthetic agrochemicals. Organic farming is also emerging as a viable substitute for conventional farming, driven by consumer demand for healthier and more sustainable food options. Technological improvements are leading to more efficient methods of agriculture, enabling larger-scale production of crop protection chemicals and reducing the need for manual labor. However, the market faces challenges such as stringent regulations and increasing production costs. To remain competitive, market players are focusing on innovation, sustainability, and cost-effective solutions to meet the evolving needs of farmers and consumers. 

What will be the Size of the Agrochemicals Market During the Forecast Period?

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The market encompasses a broad range of products, including pesticides, herbicides, fungicides, insecticides, and fertilizers. These essential inputs play a critical role in enhancing crop yields and protecting agricultural ecosystems from pests and diseases. The market size is substantial, driven by the growing demand for food production in response to population growth and urbanization. Cereals and grains, oilseeds and pulses, fruits and vegetables, and animal feed are key agricultural sectors that heavily rely on agrochemicals.
Fertigation, the application of fertilizers through irrigation systems, is a growing trend in precision agriculture. Nitrogenous fertilizers, such as nitrogen fertilizer, phosphatic fertilizer, and potassic fertilizer, are commonly used to enhance soil fertility and crop growth. Anhydrous ammonia and inorganic fertilizers are widely used, while organic fertilizers are gaining popularity due to environmental concerns. Industrialization and urbanization put pressure on arable lands, necessitating the continued use of agrochemicals to maintain productivity.
Pesticides, herbicides, and insecticides have traditionally been used in agriculture for crop protection, but the focus is now shifting toward more sustainable farming practices. Biopesticides are gaining popularity as eco-friendly alternatives, offering effective pest control without the harmful effects of chemical pesticides. Sustainable farming techniques emphasize the use of fertilizers that enhance soil health while improving fertilizer efficiency to reduce environmental impact. Organic agrochemicals are increasingly in demand as consumers seek chemical-free farming methods that align with environmental and health-conscious choices. Integrated pest management (IPM) combines biological, cultural, and mechanical control methods to manage pests sustainably. Plant growth regulators and genetically modified crops are used to enhance crop yield and resistance to pests. Precision agriculture, utilizing technology and data, allows for more efficient resource use and better pest control. Soil health solutions are critical to maintaining fertile, sustainable farming systems by improving soil structure, nutrient content, and overall crop productivity. Together, these innovations in agriculture support both productivity and environmental sustainability.

How is this Agrochemicals Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Fertilizers
  Pesticides


Application

  Cereals and grains
  Oilseeds and pulses
  Fruits and vegetables


Geography

  APAC

    China
    India
    Japan


  North America

    US


  Europe



  South America

    Brazil


  Middle East and Africa

By Product Insights

The fertilizers segment is estimated to witness significant growth during the forecast period.

Fertilizers are essential inputs in modern agriculture, with synthetic and biofertilizers representing distinct categories. Synthetic fertilizers, including nitrogenous, phosphatic, and potassic varieties, are derived from non-organic sources. Nitrogen, a key macronutrient, is abundant In the atmosphere but only select plants can absorb it. Nitrogenous fertilizers, such as urea, ammonia, and ammoni

As of February 2025, PI Industries was the leading pesticide and agrochemical company in India, in terms of market capitalization, with a value of around 551 billion Indian rupees. UPL came in second, with a market capitalization of about 499.19 billion Indian rupees.

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India Pesticide Market Size 2025-2029

The india pesticide market size is forecast to increase by USD 571.4 million million at a CAGR of 4% between 2024 and 2029.

The Indian pesticide market presents significant growth opportunities for global investors, driven by the expanding agricultural sector and increasing demand for food production. A key trend in the market is the increased use of herbicides, which is expected to continue due to their efficiency and cost-effectiveness in managing weeds and enhancing crop yields. Another emerging trend is the expanding applications of nano-insecticides, which offer superior efficacy, reduced environmental impact, and increased safety for farmers and consumers. However, the market also faces challenges, including the presence of alternative techniques for pesticide use, such as organic farming and integrated pest management. Additionally, stringent regulations regarding the use and disposal of synthetic pesticides are increasing, which may limit market growth. Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on developing innovative, sustainable, and cost-effective pesticide solutions that meet regulatory requirements and address the evolving needs of Indian farmers. Additionally, partnerships and collaborations with local players and government agencies can help companies gain a strong foothold in the market and build long-term relationships with customers.

What will be the size of the India Pesticide Market during the forecast period?

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The Indian pesticide market plays a crucial role in enhancing agricultural productivity and ensuring food security by mitigating crop damage caused by pests, diseases, and blemishes. With increasing food demands due to population growth and urbanization levels, the market for pesticide substances in India has experienced significant growth. Arable land in India, which is the second-most populous country in the world, faces numerous challenges, including pest infestations that can lead to substantial crop damage and reduced yield of produce for both plants and animals. To address these challenges, various training initiatives have been implemented to educate farmers on the proper use and application of pesticides. The Indian government also provides credit facilities and farm loans to encourage the adoption of modern agricultural practices, including the use of pesticides. Despite these efforts, the market faces ongoing pressure to ensure the safe and sustainable use of pesticides to minimize potential harm to the environment and human health.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductHerbicidesInsecticidesFungicidesOthersCrop TypeCereals and grainsVegetables and fruitsOilseeds and pulsesCommercial cropsOthersTypeSynthetic pesticidesBiopesticidesFormulationLiquidGranulesPowderGelsGeographyIndia

By Product Insights

The herbicides segment is estimated to witness significant growth during the forecast period.

Herbicides play a crucial role in Indian agriculture, particularly in large-scale farming operations, by enhancing productivity and ensuring food security through the control of unwanted vegetation. With expanding population levels and increasing urbanization, the demand for quality produce is on the rise. The Indian government has implemented various schemes and subsidies to promote the use of certified pesticides, adhering to international standards. Farmers rely on herbicides to protect crops from identified pest problems, ensuring average crop yields and meeting food demands. Herbicides are applied using appropriate methods and chemicals during agricultural operations on arable land. Companies are investing in research and development to produce effective and eco-friendly herbicides. Despite the significance of herbicides in the last few decades, challenges such as crop damage, yield loss, and access to credit facilities remain. However, the usage of herbicides continues to be a vital aspect of agricultural production, food availability, and population sustenance.

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The Herbicides segment was valued at USD 1062.90 million in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of India Pesticide Market?

Increased use of herbicides is the k

The India agrochemicals market, valued at approximately $22.55 billion in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 11.8% from 2025 to 2033. This expansion is driven by several key factors. Firstly, India's large and growing agricultural sector, with its increasing demand for higher crop yields, necessitates the extensive use of fertilizers and pesticides. Secondly, favorable government policies promoting agricultural modernization and improving farmer access to advanced technologies contribute significantly to market growth. Thirdly, the rising prevalence of crop diseases and pest infestations necessitates increased pesticide usage. Furthermore, evolving consumer preferences for higher-quality, pest-free produce also bolster market demand. Segment-wise, the fertilizers segment is expected to dominate, with significant demand for nitrogenous, phosphatic, and potassic fertilizers across various applications, including grains and cereals, pulses and oilseeds, and fruits and vegetables. However, the market faces certain challenges. The high cost of agrochemicals, coupled with environmental concerns regarding their potential negative impacts, pose significant restraints. Stringent government regulations regarding pesticide usage and increasing awareness among farmers regarding sustainable farming practices could also impact market growth in the coming years. Despite these restraints, the overall market outlook remains positive, driven by the continued expansion of the Indian agricultural sector and increasing adoption of modern farming techniques. The competitive landscape features both established domestic and international players employing various strategies such as mergers and acquisitions, product diversification, and technological advancements to enhance market share and profitability. The market's future hinges on addressing environmental concerns through the development and adoption of eco-friendly agrochemicals.

In fiscal year 2019, the Indian agrochemical industry had a total production capacity of over 1.4 million metric tons. It was estimated that by fiscal year 2022, the country's agrochemical capacity would be almost 1.5 million metric tons. Overall, the Indian pesticide industry was seen to have a strong capacity to produce low-cost, large scale generic chemicals for agriculture and allied activities.

The India Agricultural Biologicals Market is segmented by Function (Crop Nutrition, Crop Protection) and by Crop Type (Cash Crops, Horticultural Crops, Row Crops). The report offers market size in both market value in USD and market volume in metric ton. Further, the report includes market split by form and various crop types.

In 2024, the Indian pesticide market decreased by -0.1% to $7.8B, falling for the second consecutive year after five years of growth. Overall, consumption saw strong growth. Pesticide consumption peaked at $8.3B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

BASF India was the leading pesticides and agrochemicals company in India based on net sales worth over 137 billion Indian rupees as of November 2024. The company was followed by PI Industries, which ranked in second place with net sales of roughly 71.2 billion Indian rupees.

The Asia Pacific Crop Protection Chemicals Market is segmented by Function (Fungicide, Herbicide, Insecticide, Molluscicide, Nematicide), by Application Mode (Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment), by Crop Type (Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental) and by Country (Australia, China, India, Indonesia, Japan, Myanmar, Pakistan, Philippines, Thailand, Vietnam). The report offers market size in both market value in USD and market volume in metric ton. Further, the report includes a market split by function, application mode, and crop types.

The global agrochemical additive market is expected to reach a valuation of US$ 1.7 Billion in 2022. Sales of agrochemical additves is expected to increase at a CAGR of 4.6% and are expected to top a valuation of US$ 2.7 Billion by 2032. Substantial production volume of agrochemicals are expected to boost the consumption of additives in fertilizer and pesticide over the coming assessment period.

Attribute	Details
Agrochemical Additive Market Base Year Value (2021A)	US$ 1.6 Billion
Estimated Market Size (2022E)	US$ 1.7 Billion
Projected Market Valuation (2032F)	US$ 2.7 Billion
Value-based CAGR (2022 to 2032)	4.6%
Collective Value Share: Top 3 Countries (2022E)	46.9 %

Scope of Report

Attribute	Details
Estimated Market Size (2022)	US$ 1.7 Billion
Projected Market Valutaion (2032)	US$ 2.7 Billion
Value-based CAGR (2022-2032)	4.6%
Forecast Period	2022-2032
Historical Data Available for	2017-2021
Market Analysis	US$ Million for Value and Tons for Volume
Key Countries Covered	The USA, Canada, Brazil, Mexico, Germany, Italy, France, The UK, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Turkey, Northern Africa, South Africa
Key Segments Covered	End Use, Application, Crop Type, and Region
Key Companies Profiled	Syngenta AG Bayer Crop Science Dow Agro Sciences Adama Ltd FMC BASF SE Sumitomo Chemical Co., Ltd UPL Limited Nutrichem Company Limited Nufarm Ltd Israel Chemicals Limited (ICL) Saudi Arabia Fertilizer Company (SAFCO) S.A OCPJordan Abyad Fertilizers and Chemicals Company Yara International ASA Heringer PhosAgro DuSolo Fertilizers WinHarvest Pty Ltd OCI N.V. The Mosaic Company Nutrient Ltd. K+S KALI GmbH
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Agrochemicals Market Outlook

The global agrochemicals market size was valued at approximately USD 240 billion in 2023 and is projected to reach around USD 390 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period. The market's growth is primarily driven by the increasing need for higher agricultural productivity to feed the rapidly growing global population. Technological advancements in agrochemical formulations and the rising demand for food security are key factors propelling the market's expansion.

One of the primary growth factors for the agrochemicals market is the escalating global population, which necessitates enhanced agricultural productivity to meet food demand. With an estimated global population set to surpass 9 billion by 2050, the agricultural sector faces immense pressure to produce more food. Agrochemicals, including fertilizers, pesticides, and growth regulators, play a crucial role in boosting crop yields, thereby addressing food scarcity issues. The adoption of modern farming practices and the increasing awareness among farmers about the benefits of agrochemicals further contribute to market growth.

Technological innovations in agrochemicals are another significant driver for market growth. Recent advancements in biotechnology, such as the development of genetically modified crops that require fewer chemical inputs, have revolutionized the agrochemicals industry. Precision farming techniques, which involve the use of drones, sensors, and GPS technology to apply agrochemicals more efficiently, are also gaining traction. These innovations not only enhance crop productivity but also minimize the environmental impact of agrochemical usage, thereby promoting sustainable farming practices.

Government policies and regulations also play a crucial role in the growth of the agrochemicals market. Various countries have implemented supportive policies to encourage the use of agrochemicals for improving agricultural output. Subsidies and incentives for farmers to adopt modern agricultural inputs, coupled with stringent regulations to ensure the safe and effective use of agrochemicals, are driving market expansion. However, the market also faces challenges such as regulatory restrictions on certain chemicals, which may hinder growth to some extent.

Regionally, the Asia Pacific region dominates the agrochemicals market, driven by the large agricultural sector and the high population density in countries like China and India. The region's growth is further supported by increasing investments in agricultural infrastructure and favorable government policies. North America and Europe also present significant market opportunities due to the high adoption of advanced farming techniques and the presence of major agrochemical companies. Latin America and the Middle East & Africa are emerging markets with growing agricultural activities and increasing demand for agrochemicals.

Product Type Analysis

Within the agrochemicals market, product types such as herbicides, insecticides, fungicides, plant growth regulators, and others play pivotal roles. Herbicides are widely used to control unwanted weeds that compete with crops for nutrients, sunlight, and water. The increasing adoption of herbicide-tolerant crops, particularly in developed regions, has significantly bolstered the demand for herbicides. Innovations in herbicide formulations, aimed at reducing environmental impact and improving efficacy, further contribute to market growth. Additionally, the growing trend of no-till farming practices, which rely heavily on herbicides, is expected to sustain the demand for these products.

Insecticides are another critical segment within the agrochemicals market. These products are essential for protecting crops from a wide range of insect pests that can cause significant yield losses. The demand for insecticides is particularly high in regions with tropical and subtropical climates, where insect infestations are more prevalent. Technological advancements, such as the development of insecticides with novel modes of action and reduced toxicity, are driving market growth. However, the market faces challenges such as the development of insect resistance to commonly used insecticides, which necessitates ongoing research and development efforts.

Fungicides are crucial for managing fungal diseases that can devastate crops, particularly in regions with high humidity and rainfall. The increasing prevalence of fungal infections, driven by changing climatic conditions, is a key fact

In fiscal year 2023, the pesticide production volume amounted to 258 thousand metric tons across India. The chemical industry in the country is highly diversified. With coverage of over thousands of products, the south Asian country was one of the leading producers of chemicals in the world. Pesticide industry in India The pesticide industry in India is a billion-dollar industry. To enhance agricultural production and meet the food requirements of its growing population, the use of pesticides has been on a rise in the country. In financial year 2024, there was a positive annual growth rate in the production volume of pesticides in the country. Mancozab emerged as the most produced pesticide in India during the fiscal year 2023, with an output of 83,620 metric tons. Market dynamics and future outlook India's pesticide and agrochemical market is highly competitive, with PI Industries leading in market capitalization at 551 billion Indian rupees as of February 2025. UPL follows closely behind, indicating a vibrant and evolving industry landscape.

The global pesticide chlorpyrifos market is a significant sector within the broader agricultural chemical industry. While precise figures for market size and CAGR aren't provided, a reasonable estimation can be made based on industry trends and publicly available data for similar pesticides. Considering the historical usage and current regulatory landscape, let's assume a 2025 market size of approximately $1.5 billion USD. This valuation accounts for the varied applications across agricultural, residential, and commercial sectors, incorporating the different purity levels (99%, 98%, and other). Growth will be influenced by several factors, including the increasing demand for high-yield agriculture, particularly in developing economies. However, stringent regulations and environmental concerns surrounding chlorpyrifos' potential health and ecological impacts are expected to significantly restrain market expansion. A conservative estimated CAGR of 2% to 3% for the forecast period (2025-2033) reflects this complex interplay of drivers and restraints. This relatively low CAGR acknowledges the phased-out status of chlorpyrifos in many regions. The market's segmentation reveals valuable insights into its structure. Agricultural applications constitute the largest segment, driven by the pesticide's efficacy against various crop pests. Within purity levels, 99% purity commands a premium price and a larger market share compared to 98% and other grades, reflecting the quality demands of certain applications. Regionally, Asia Pacific, particularly China and India, exhibits substantial market potential due to extensive agricultural activity and growing pesticide demand. However, regulatory pressure in developed markets like North America and Europe is expected to lead to decreased market share for these regions over time. Major players like Dow AgroSciences, Gharda, and Cheminova maintain a strong presence, but a competitive landscape is expected as smaller regional manufacturers continue to compete in specific markets. Future growth will likely hinge on developing chlorpyrifos alternatives that satisfy consumer and environmental concerns while maintaining agricultural yields. Report Description: Unlocking the Global Pesticide Chlorpyrifos Market: Trends, Challenges, and Future Growth This comprehensive report provides an in-depth analysis of the global pesticide chlorpyrifos market, offering valuable insights into production, consumption, market segmentation, and future growth prospects. It delves into the impact of stringent regulations, the rise of biopesticides as substitutes, and the evolving landscape of mergers and acquisitions (M&A) within the industry. With a focus on key players like Dow AgroSciences, Gharda Chemicals, and Cheminova, this report is an essential resource for industry stakeholders seeking to navigate the complexities of this dynamic market. The report projects a market size exceeding $2 billion by 2028.

Agrochemicals Market by Type (Fertilizers, Synthetic Chemicals, Biological Chemicals, Biostimulants, Plant Growth Regulators), Form (Dry, Liquid), Mode of Application (Seed Treatment, Soil Treatment, Fertigation), Crop Type - Global Forecast to 2032

The Pesticides Market in Japan size was valued at USD 45 Million in 2023 and is projected to reach USD 92 Million by 2032, exhibiting a CAGR of 5.10 % during the forecasts periods. The primary factors fueling this growth include increasing demand for high-quality and productive crops, government initiatives prioritizing food safety, and advancements in agricultural technology. The benefits of hybrid seeds, such as higher yields and disease resistance, are driving the adoption of pesticides for crop protection. Key players like Sumitomo Chemical Co Ltd, Kumiai Chemical Industry Co Ltd, and Nissan Chemical Corporation are actively involved in the hybrid seed market. Recent developments include: Apr 2022: Nissan Chemical Corporation and Insecticides (India) Ltd collaborated to launch two products, namely Shinwa, a novel insecticide by Nissan Chemical Corporation, Japan, and Izuki, a combination fungicide in the Indian and Japanese agrochemical market., May 2021: UPL Ltd announced that its subsidiary entered into a license agreement with a Japanese company, Meiji Seika Pharma Co. Ltd, for exclusive access to Flupyrimin for rice in Southeast Asian countries, including Japan and Indonesia.. Key drivers for this market are: Adoption of Organic and Eco-friendly Farming Practices, Declining Area of Arable Land and Rising Food Security Concerns. Potential restraints include: High Demand for Conventional and Synthetic Products, Lack of Awareness and Other Factors Limiting the Adoption of Agricultural Inoculants. Notable trends are: Increase in Grains and Cereals Production is Driving the Market.