The import of insecticides to India is projected to grow steadily from 2024 to 2028. For 2024, the import value is forecasted to be $432.12 million, increasing year-on-year to $473.89 million by 2028. These figures indicate a consistent upward trend with variations in the range of 2.4% to 2.22% annually. The compound annual growth rate (CAGR) over these five years is approximately 2.35%.
Future trends to watch for:
- Evolving regulations and environmental policies affecting import volumes and values.
- Technological advancements in pest control potentially influencing demand for certain insecticides.
- Shifts in agricultural practices and crop patterns possibly altering market needs.