One of the articles published on the CCFI portal reports achievements in the field of agrochemistry in India. Today, India ranks fourth in the production volume of agrochemicals and second in pesticide exports. In 2022, India surpassed the USA in agrochemical exports, taking second place in the world with exports totaling $5.5 billion, second only to China with export volume of $11.1 billion. This is a significant milestone within the "Make in India" strategy. All major members of the Crop Care Federation of India (CCFI) are investing significant amounts in direct agrochemical production, catering not only to domestic demand but also exporting to over 150 countries worldwide.
Furthermore, the situation in China, with restrictions on raw material production, provides India with new opportunities to attract investments to its agrochemical sector. Thanks to the innovative capabilities of the Indian industry, India can quickly introduce competitive agrochemical products meeting global standards to the market.
Generic pesticides play a key role in the global market, accounting for 93% of total sales volume, while patented pesticides make up only 7%. The main reason for this is that many new chemicals do not match the cost of cultivation or are not acceptable to farmers. The total agrochemical market size is estimated at $75.5 billion, where generics constitute $70.2 billion and patented agrochemicals make up $5.3 billion.
Generic herbicides represent the largest share of sales among the top 20 active substances, followed by generic fungicides and insecticides. India exports its agrochemicals to many countries, contributing significantly to the country's economy and earning valuable foreign exchange.
CCFI has recommended the government to take measures to limit the import of ready-to-use pesticide formulations, suggesting applying customs duties on technical and imported formulations.
Indian agrochemical industry maintains a high quality level, as evidenced by its exports to over 150 countries worldwide. India also stands out for its low consumption of plant protection chemicals compared to other countries. The quality of Indian plant-based products is monitored through a modern tracking system, ensuring product safety and minimizing pesticide residues.
In conclusion, with government support and investments in production, the Indian agrochemical industry aims to double its exports in the next five years, despite import growth and global challenges in the sector. This demonstrates India's strong position in the global agrochemical market and its commitment to further development and growth.