New Delhi, June 22 -- India's agrochemicals industry remains resilient and is projected to grow to USD 14.5 billion by 2027-28, with a CAGR of 9 per cent, despite global headwinds, according to a report by Rubix Data Sciences -- a leading provider of risk management and monitoring solutions.

CAGR is Compound Annual Growth Rate.

According to the report, India's agrochemical industry is valued at USD 11.2 billion in 2024-25, having grown 8.7 per cent year-on-year despite a challenging global environment.

Exports saw a sharp 22 per cent decline in 2023-24, driven by global inventory destocking, aggressive price competition from China, and weak demand in major markets.

As global supply chains stabilise and agricultural activity rebounds, ...