Despite a 22% dip in FY24 exports due to global headwinds, India’s agrochemicals industry is projected to reach USD 14.5 billion by 2027-28, growing at a 9% CAGR. Herbicides are driving export growth, with Japan emerging as a key buyer. Manufacturers are adapting through cost efficiency and diversification, fueling a steady recovery.
Agrochem market may hit $14.5 bn by FY28; herbicide exports jump; sector set for 9% CAGR: Report
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