India’s Agrochemical Industry: Projected Expansion and Financial Implications Part 1

Expected Growth in Agrochemical Companies (2025) Market Expansion The Indian agrochemical market is projected to grow at a CAGR of 6.4% from 2024 to 2030. Expected to reach USD 51.29 billion by 2030, up from USD 33.17 billion in 2023. Source: Grand View Research Global Growth The global agrochemical industry is estimated to grow at a CAGR of 11.8% from 2025 to 2029, adding approximately USD 16.84 billion in market value. Source: Technavio Report Growth Drivers Increasing demand for food production due to population growth. Rising herbicide usage to enhance crop yields. Technological advancements in pesticides, fertilizers, and bio-agrochemicals. Government support and subsidies promoting agricultural development.