Punjab Chemicals Business Overview
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INDIAN AGROCHEMICALS
INDUSTRY OVERVIEW
India is the fourth largest producer and the fifth largest exporter of agrochemicals in the world
The Indian agrochemicals market (at USD 9.2 bil or ~15% share of the global agrochemicals
market worth USD 62.5 bil) is the largest sub-segment of the specialty chemicals industry
and posted a 10% CAGR over CY14-19
In 2019 India exported pesticides worth USD 3.4 bil (9.4% of global exports)
Production of agrochemicals has grown at a CAGR of ~5% in last 5 years
The average per-hectare consumption of agrochemicals in India is about one-tenth of the US and
the UK, and one-twentieth of Japan and China. This has a potential to grow multi fold over the
next decade
India imports over 50% of its agrochemical raw materials. Under the Make In India &
Atmanirbhar programs, the aim is to reduce imports by manufacturing more locally
The export of agrochemicals in FY20 was valued at around 22,000 crore, accounting for
approximately 1% of the total exports. This has a potential to grow to 35,000 crore by 2025
PUNJAB CHEMICALS
AND CROP PROTECTION LTD.
ISO 9001:2015 & ISO 14001:2015 Certified Company
Source: FICCI, PWCView entire presentation