🧪 India’s Agrochemical Sector: Key Updates — Aug 1, 2025 🇮🇳
India’s agrochemical industry is seeing strong growth backed by rising demand, expanding exports, and a shift toward sustainability:
• Market Size: Valued at around USD 3.2 billion in 2024, projected to reach USD 4.8 billion by 2034, with steady domestic consumption and R&D focus.
• Exports Boom: Agrochemical exports touched USD 5.5 billion in FY 2022–23, generating a trade surplus of nearly ₹29,000 crore.
• Growth Outlook: Industry expected to reach USD 14.5 billion by FY 2027–28, with herbicides leading demand, especially in non-food crops.
• Green Push: Sector plans to adopt 11 GW renewable capacity by 2030 with over $7 billion investment into green hydrogen and energy efficiency.
• Policy Support: Recent budget proposals include GST rationalisation, customs duty cuts, improved R&D access, and expectations of a PLI scheme to boost domestic manufacturing.
Why this matters:
✅ Export strength despite global slowdown
✅ Strong government and budget support
✅ Shift toward greener, more sustainable inputs
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