Agrochemical

Agrochemical, Any chemical used in agriculture, including chemical fertilizers, herbicides, and insecticides. Most are mixtures of two or more chemicals; active ingredients provide the desired effects, and inert ingredients stabilize or preserve the active ingredients or aid in application. Together with other technological advances, including tractors, mechanical harvesters, and irrigation pumps, agrochemicals have increased the per-acre productivity of regions such as the Great Plains by 200–300% since the 1930s. Their long-term effects on the environment and the stability of agricultural systems that use them are hotly debated.

The agrochemicals industry has been evolving over the past many decades where the diversity and intensity of change in terms of the number of active ingredients, level of product innovation, regulatory regime, and product efficacy has been staggering.

The India agrochemicals market size reached a value of almost USD 6 billion in the year 2022. The market is further expected to grow at a CAGR of 8.5% between 2023 and 2028 to reach a value of almost USD 9.82 billion by 2028.

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