IMARC Group, a leading market research company, has recently releases report titled “India Agrochemicals Market Report by Type (Fertilizers, Pesticides, Adjuvants, Plant Growth Regulators), Application (Cereals, Oilseeds, Fruits and Vegetables, and Others), and Region 2024-2032”. India agrochemicals market size reached US$ 7.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.50% during 2024-2032.
The rising demand to enhance agricultural productivity and ensure food security for the escalating population is one of the factors responsible for the growth of the India agrochemicals market. Additionally, the need for agrochemicals is catalyzing as there is a high requirement to maximize crop yields and improve the quality of agricultural produce, which is fueling the market. Besides this, the support by government authorities for the agricultural sector, through subsidies and initiatives such as the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the National Food Security Mission (NFSM), further propels the adoption of agrochemicals among farmers. Moreover, the increasing shift towards high-value crops like fruits and vegetables, which require intensive care, is driving the use of specialized agrochemicals.
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India Agrochemicals Market:
Technological advancements and the development of sustainable agrochemical solutions are significant drivers in the India agrochemicals market. In addition to this, the rising awareness of environmental sustainability and the adverse effects of traditional chemical pesticides are also fostering the demand for bio-based and organic agrochemicals, which are acting as another growth-inducing factor. Furthermore, companies are increasingly investing in research and development to introduce eco-friendly products that minimize environmental impact and comply with regulatory standards, thereby escalating the market. In line with this, the growing adoption of precision agriculture techniques that utilize data analytics, satellite imagery, and GPS technology is optimizing the application of agrochemicals, reducing waste, and enhancing productivity, which is anticipated to drive the India agrochemicals market over the forecasted period.
India Agrochemicals Market Segmentation:
Type Insights:
- Fertilizers
- Pesticides
- Adjuvants
- Plant
Application Insights:
- Cereals
- Oilseeds
- Fruits and Vegetables
- Others
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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