India’s pesticides and agrochemicals sector is made of agrochemical suppliers, chemical manufacturers, and fertilizer suppliers. India is the fourth largest producer of agrochemicals in the world and holds 12th rank in the list of exporters. the 12th rank in the list of exporters. With an increased Compounded Annual Growth Rate (CAGR) of 4.6% to 4.08%, the current pesticide market size in India is expected to reach ₹342.3 billion by 2028 from around ₹229.4 billion in 2022. India’s four main countries of export are the USA, China, Japan and Brazil. The total amount of exports is expected to grow at 8-10% by 2025.
The agrochemical sector is currently facing a crucial turning point. The agrochemical sector faces challenges such as a slowdown in the global economy, increased competition from China, and below-average monsoons that affect rabi sowing. Stakeholders are pushing for the development of novel compounds and methods to meet changing needs in a sustainable manner.
In 2023, there was a 1.8% decrease in the Gross Value Added (GVA) in agriculture due to harsh weather. While the current channel inventory may slow down the sector’s growth, the industry expects farm-level consumption to remain stable and drive the rationalization of excessive inventories.
List of Top 5 Pesticides & Agrochemicals in India (BSE) based on Net Sales.
| Company Name | Net Sales (Rs. cr) |
| UPL | 18,783.00 |
| BASF | 13,644.77 |
| PI Industries | 6,270.40 |
| Bayer CropScien | 5,139.70 |
| SUMITOMO | 3,510.97 |
Source: BSE, India, last updated 04 March, 2024
This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:
Reference:
1. Anjaria, P., & Vaghela, S. (2024). Toxicity of agrochemicals: Impact on environment and human health. Journal of Toxicological Studies, 2(1).
2. Lee, M. The slow and structural violence of agrochemicals: use, management, and regulation in South Africa. AFRICAN PERSPECTIVES ON AGROECOLOGY, 197.
3. Shamim, A., Neelam, K., Kamaal, S., Ali, A., & Ahmad, M. (2024). Removal of pesticide pollutants from aqueous waste utilizing nanomaterials via photocatalytic process: a review. International Journal of Environmental Science and Technology, 21(4), 4653-4684.
4. Biggi, G. (2024). Geographical and Industrial Dynamics of Chemical Inventions: The Case of Persistent Organic Pollutants. In Industrial Dynamics and Firm Strategies in the Agrochemical Industry (pp. 1-18). Cham: Springer Nature Switzerland.
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