Sector Snapshot · Fertilizers & Agrochemicals

India's Agrochemical Exports Nearly Triple in a Decade

A fast-read primer on India's fertilizers and agrochemicals sector — the backdrop against which we benchmark every company's cost structure in this category.

US$3.3 bn

Agrochemical exports, FY25

Global rank as agrochemical exporter

India's rank as food grain producer globally

Rs 1,62,671 cr

Agriculture budget allocation, 2026

25.25%

CAGR of organic products demand, 2022-27

Exports and Budget Support Are Both Climbing

Agrochemical exports have nearly tripled in a decade, backed by a fast-growing agriculture budget.

Agrochemical Exports (US$ billion)

FY15 → FY25

$1.3bn

FY15

$3.3bn

FY25

Dept. of Agriculture Budget (Rs crore)

2013-14 → 2025-26

Rs21,933cr

2013-14

Rs1,27,290cr

2025-26

What's Pushing the Sector Forward

Global scale, rising demand, and consistent budgetary support all point the same direction.

Global Standing

3rd-largest agrochemical exporter, per ACFI and Deloitte
2nd-largest producer of food grains, fruits & vegetables

Growing Demand

Organic products demand to grow at 25.25% CAGR, 2022-27

Policy Support

Agriculture budget up more than 5x since 2013-14
PM Dhan-Dhaanya Krishi Yojana: Rs24,000cr for 1.7cr farmers

Recent Developments

A sample of the industry-wide and policy moves shaping the sector through early 2026.

→ India's agrochemical exports nearly tripled to US$3.3 billion in FY25, from US$1.3 billion in FY15.
→ India is the world's 2nd-largest producer of food grains, fruits and vegetables, and 2nd-largest sugar exporter.
→ India's turmeric export target stands at Rs 8,549 crore by 2030, backed by a 58-66% global market share.
→ The EU approved 102 additional fishery establishments, taking total EU-approved Indian seafood export units to 604.
→ India's per capita income is projected to grow nearly 50% to US$4,000 by FY30, from US$2,680 in FY25.
→ NITI Aayog projects the agriculture sector will sustain 4% growth over the next decade.

Companies We Benchmark in This Sector

Listed Indian Fertilizers & Agrochemicals companies in tDoBe's cost-benchmarking coverage.

Coromandel International

FACT

UPL

PI Industries

Sumitomo Chemical

Bayer Crop Science

Chambal Fertilisers

Paradeep Phosphates

Sharda Cropchem

RCF

GSFC

NACL Industries

Dhanuka Agritech

Rallis India

National Fertilizer

Bhagiradha Chemicals

GSP Crop Science

Bharat Rasayan

See How These Companies Compare on Cost

The numbers above set the stage. Our Report translates it into a company-by-company cost benchmark — down to the category — so you can see exactly where a business sits against its peers.

Explore the Fertilizers & Agrochemicals Report