Forecast: Export of Insecticides from India

In 2023, the export of insecticides from India stood at 83.912 million kilograms. Over the last two years, the export volumes showed a modest growth of around 2% each year: 2.14% in 2022 and 2.06% in 2023. The compound annual growth rate (CAGR) for the last five years (2018-2023) was 1.43%, indicating a steady but slow increase.

Looking ahead, the forecasted data from 2024 to 2028 predicts continual growth in exports, reaching 91.87 million kilograms by 2028. This reflects a 7.36% growth over five years and a forecasted CAGR of 1.43%.

Future trends to watch for:

  • Technological advancements in agriculture and pest control methods.
  • Regulatory changes both domestically and internationally impacting insecticide exports.
  • Market demand fluctuations due to climate change and pest behavior shifts.
  • Potential trade agreements or tariffs influencing export dynamics.

Top Countries about Insecticide