The sales of agricultural pesticides in India have shown fluctuating trends over the past decade, with a notable growth since the early 2010s. In 2023, the volume stood at 64.72 thousand metric tons. Yearly variations reveal that the sales hit a peak growth of 23.34% in 2014, followed by slower growth rates and occasional declines in subsequent years. The last two years show modest growth, with the value rising by 1.55% in 2023. The compound annual growth rate (CAGR) over the last five years is 1.64%. Forecasts predict a steady increase, with a 5-year CAGR of 1.11% and a total growth rate of 5.69% by 2028.
Future trends to watch for include the impact of environmental regulations on pesticide usage, potential shifts towards organic farming practices, and advancements in pesticide technology driving more efficient usage. Additionally, changes in crop patterns due to climate change and government policies supporting sustainable agricultural practices could significantly influence pesticide sales in the coming years.