THE RISE OF AGROCHEMICAL INDUSTRY India

A PATHWAY TO GLOBAL LEADERSHIP

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The Indian agrochemical industry is set for a strong revival, fuelled by supportive government policies, favourable macroeconomic conditions, and structural improvements in agriculture.

India’s agrochemical industry is experiencing a surge of optimism, fuelled by a promising monsoon season and robust market performance, positioning it as a cornerstone of the nation’s agricultural and economic growth. The sector, valued at USD 8.53 billion in 2025, is on track to reach USD 10.38 billion by 2030 at a 4 per cent CAGR, while some projections estimating USD 14.5 billion by FY 2028 at a 9 per cent CAGR.

Recent stock market trends underscore this momentum, with companies like Dharmaj Crop Guard soaring 36.45 per cent and Astec LifeSciences gaining 34.74 per cent over the past month ending June 27, driven by expectations of increased agrochemical and fertilizer consumption due to favourable monsoon conditions in 2025.

Other key players, including Deepak Fertilisers, Insecticides India, India Pesticides, and others like Khaitan Chemicals have also seen price soaring in lower teens. This clearly reflects investor's confidence in the sector’s growth potential.

As India’s fourth-largest agrochemical industry globally strengthens its position, this article explores its current landscape, key growth drivers, challenges, and the pivotal roles of leading companies like UPL, PI Industries, Sharda Cropchem, India Pesticides, Coromandel International, Dhanuka Agritech, and Sumitomo Chemical India.

The Backbone of Indian Agriculture