Indiaโs agrochemical exports hit USD 3.3 billion in FY25, nearly tripling from USD 1.3 billion in FY15 โ positioning us behind only China and the U.S. in this domain. This milestone reflects not just export growth, but the rising strength of Indiaโs agricultural input ecosystem. Key highlights: โข The domestic agrochemical market is valued ~ โน69,000 crore for FY24, with export and domestic formulation nearly balanced (51% vs 49%) โข Insecticides, herbicides, and fungicides dominate segments, while biostimulants & seed treatment show emerging promise โข Eight major crops (rice, cotton, wheat, soybean, chillies, grapes, sugarcane, gram) contribute ~65% of the domestic market demand โข Leading states: Maharashtra & Goa; Andhra Pradesh & Telangana; Madhya Pradesh, Karnataka, UP/ Uttarakhand, Tamil Nadu & Kerala; Gujarat contributing ~5% To sustain momentum, the Agro-Chemicals Federation of India (ACFI) has proposed:
1. A Production-Linked Incentive (PLI) scheme for the agrochemical sector 2. Tax holidays to reduce import dependency for key molecules 3. Strengthened public-private collaboration in R&D 4. Support to MSMEs in manufacturing and innovation โธป
๐ What this means for India and the world โข Reduced dependence on imports for critical agrochemical inputs โข Opportunity for India to become a global manufacturing hub โข Increased R&D & innovation, especially in sustainable chemistry โข Growth potential for MSMEs and decentralized production I believe this development underscores how strategic policy support, innovation, and collaboration can transform an industry.
As India charts this trajectory, itโs a call to stakeholders โ government, industry, academia โ to double down on enabling ecosystems. Letโs drive Indiaโs agrochemical future together! ๐ฑ
