New Delhi, Dec. 1 -- Buoyed by higher exports, India's agrochemical industry is set to consolidate its revenues with a likely 6-7% growth this fiscal year, Crisil Ratings said in report on Monday. A revival in global demand and the gradual clearing of excess stocks across key markets have perked up exports in the sector, the report said. After a 3% decline in FY24, revenues were up 5-6% in FY25, as per Crisil.

Domestic sales, however, remain subdued due to a prolonged monsoon that weighed on kharif season offtake, delayed field readiness for the next crop and also led to product returns, the report said.

India's agrochemical market is dominated by insecticides (41% share in FY24), followed by herbicides (22%), fungicides (21%), plant gr...