India Agrochemicals Market Size & Outlook, 2023-2030
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India agrochemicals market highlights
- The India agrochemicals market generated a revenue of USD 33,169.2 million in 2023 and is expected to reach USD 51,291.0 million by 2030.
- The India market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, fertilizers was the largest revenue generating product in 2023.
- Crop Protection Chemicals is the most lucrative product segment registering the fastest growth during the forecast period.
Agrochemicals market data book summary
| Market revenue in 2023 | USD 33,169.2 million |
| Market revenue in 2030 | USD 51,291.0 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Fertilizers |
| Fastest growing segment | Crop Protection Chemicals |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fertilizers, Crop Protection Chemicals, Plant Growth Regulators, Other Products |
| Key market players worldwide | Clariant AG, Basf SE, Huntsman Corp, Bayer AG, Dow Inc, Solvay SA, Nufarm Ltd, Evonik Industries AG, Croda International PLC, Helena Laboratories, Ashland Inc, FMC Corp, ADAMA Agricultural Solutions, Stepan Co |
Other key industry trends
- In terms of revenue, India accounted for 12.2% of the global agrochemicals market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China agrochemicals market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 51,291.0 million by 2030.
Fertilizers was the largest segment with a revenue share of 94.09% in 2023. Horizon Databook has segmented the India agrochemicals market based on fertilizers, crop protection chemicals, plant growth regulators, other products covering the revenue growth of each sub-segment from 2018 to 2030.
India accounted for a share of 27.3% in the Asia Pacific agrochemicals market in terms of volume. India is the second largest consumer of agrochemicals in Asia Pacific after China. The country’s majority of the population rely on agricultural sector.
According to the Organization for Economic Co-operation and Development (OECD) and FAO, India is the fourth-largest producer of agrochemicals in the world after U.S., China, and Japan. The region’s per capita income is majorly dependent on the agricultural sector.
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Agrochemicals Market Scope
Agrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ADAMA Agricultural Solutions | View profile | 1001-5000 | Tel Aviv, Tel Aviv, Israel, Asia | http://www.adama.com/en |
| Stepan Co | View profile | 2453 | 1101 Skokie Boulevard, Suite 500, Northbrook, IL, United States, 60062 | https://www.stepan.com |
| Helena Laboratories | View profile | 501-1000 | Beaumont, Texas, United States, North America | https://www.helena.com/ |
| Nufarm Ltd | View profile | 3059 | 103-105 Pipe Road, Laverton North, Melbourne, VIC, Australia, 3026 | https://www.nufarm.com |
| Croda International PLC | View profile | 5852 | Cowick Hall, Snaith, Goole, East Yorkshire, United Kingdom, DN14 9AA | https://www.croda.com |
| Clariant AG | View profile | 10481 | Rothausstrasse 61, Muttenz, Switzerland, 4132 | http://www.clariant.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| Ashland Inc | View profile | 3800 | 8145 Blazer Drive, Wilmington, DE, United States, 19808 | http://www.ashland.com |
| Bayer AG | View profile | 99723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | https://www.bayer.com |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| FMC Corp | View profile | 6600 | 2929 Walnut Street, Philadelphia, PA, United States, 19104 | https://www.fmc.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
India agrochemicals market size, by product, 2018-2030 (US$M)
India Agrochemicals Market Outlook Share, 2023 & 2030 (US$M)
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