India Agrochemicals Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

India Agrochemicals Market Share

Market Analysis by Type

Fertilisers are used across a wide range of crops, including rice, cereals, grains, and tubers, to meet the growing demand for nutritious food in India. As per India agrochemicals market report, nitrogenous fertilisers are expected to grow at a CAGR of 4.9% between 2024 and 2032 in the fertilisers segment, as nitrogen is a vital macronutrient required for crop growth and development.

On the other hand, pesticides segment includes insecticides, herbicides, and fungicides. Herbicides and fungicides are expected to grow at a CAGR of 4.7% and 4.2% between 2024 and 2032. The increasing use of herbicides is a notable driver for the growth of this segment, as farmers seek to manage weeds more effectively. Additionally, there is a growing demand for insecticides, particularly for the cultivation of staple crops like cereals and grains. 

Potassium-based fertilisers are also seeing increased demand, as they help increase protein content in plants. The low cost and better efficiency of potassium chloride compared to traditional fertilisers are major factors contributing to the growth of the fertilisers segment, thus contributing to the agrochemicals market share in India.

Market Analysis by Nature

Synthetic agrochemicals, including pesticides and fertilisers, continue to dominate the landscape. For instance, the government's recent registration of 335 molecules in the agrochemical sector underscores a strong regulatory framework that supports innovation and this market segment’s expansion. Recent trends show a notable increase in the use of herbicides and fungicides as farmers seek effective solutions to combat pests and diseases, particularly considering rising labour costs.

On the other hand, biobased agrochemicals are gaining traction as sustainable alternatives to traditional synthetic products. This segment includes bio-pesticides and bio-fertilisers, which are increasingly being adopted due to environmental concerns and regulatory pressures promoting organic farming practices. Initiatives by companies like BASF and Syngenta are focused on developing biobased solutions that align with eco-friendly farming methods. Furthermore, government programs aimed at educating farmers about the benefits of biobased products highlight the shift towards more sustainable agricultural practices. 

Market Analysis by Application

The Indian agrochemicals market is segmented into various categories, including grains and cereals, pulses and oilseeds, fruits and vegetables, and turfs and ornamentals. In the grains and cereals segment, the demand for agrochemicals is primarily driven by the need to enhance productivity amid increasing food security concerns. For instance, paddy cultivation, which consumes about 26-28% of agrochemicals in India, has seen the introduction of products like Bayer's "Safi" herbicide to combat weeds effectively. The government's initiatives to promote self-sufficiency in food grain production have led to increased use of fertilisers such as Urea and DAP (Diammonium Phosphate) to boost crop yields.

The government has also been promoting the cultivation of oilseeds to reduce import dependency, resulting in a rising demand for herbicides tailoured for these crops. For example, the use of Glyphosate has become essential for managing weeds in soybean cultivation. Additionally, the National Mission on Oilseeds and Oil Palm aims to increase domestic production through improved agricultural practices and inputs, leading to pulses and oilseeds segment’s growth.

In the fruits and vegetables category, India ranks as the second-largest producer globally, accounting for nearly 90% of total horticulture production. This segment is witnessing a surge in demand for fungicides such as Tricyclazole, commonly used in rice cultivation to control blast disease. Notably, India leads in producing several horticultural crops like mangoes, bananas, and potatoes, which also drives the need for effective crop protection solutions.  Additionally, the government's commitment to enhancing agricultural productivity through initiatives like Krishi Vigyan Kendras supports the adoption of advanced agrochemical solutions across all segments. 

India Agrochemicals Market Report Snapshots

India Agrochemicals Market Size

India Agrochemicals Market Growth

India Agrochemicals Market Trends

India Agrochemicals Market Share

India Agrochemicals Manufacturers

India Agrochemicals Market Regional Analysis