- Domestic market valued ~₹69,000 cr (FY24), with exports and domestic formulation nearly balanced (51% vs 49%)
- Key segments: insecticides, herbicides, fungicides; emerging segments: biostimulants & seed treatment
- 8 major crops (rice, cotton, wheat, soybean, chillies, grapes, sugarcane, gram) account for ~65% of demand
- Leading states: Maharashtra, Goa, Andhra Pradesh & Telangana, Madhya Pradesh, Karnataka, UP/Uttarakhand, Tamil Nadu, Kerala, Gujarat (~5%)
ACFI’s proposed initiatives:
- PLI scheme for agrochemical manufacturing
- Tax incentives to reduce import dependence
- Stronger public-private R&D collaboration
- Support for MSMEs in innovation & production
Why it matters:
- Reduces reliance on imports for critical inputs
- Positions India as a global manufacturing hub
- Encourages R&D & sustainable chemistry innovation
- Boosts MSME growth and decentralized production
This is a pivotal moment for India’s agrochemical sector — a call for government, industry, and academia to collaborate and drive innovation for a stronger, self-reliant future. 🌱
