The market size of the opportunity in the Indian agro-chemical industry is substantial, with estimates indicating a significant economic potential. According to a report by Research and Markets, the Indian agro-chemical market was valued at approximately US$4.9 billion in 2020. Considering the growth trajectory of the agricultural sector and increasing demand for agro-chemicals, this market is projected to expand further in the coming years. Additionally, the government’s initiatives to boost agricultural productivity and promote sustainable farming practices contribute to the overall market growth.
As such, the market size presents a lucrative opportunity for companies operating in the agro-chemical sector, with vast potential for revenue generation and market penetration. (Source: Research and Markets – “India Agro-chemicals Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)”)
