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    Question

    Which segment dominated India’s agrochemical market in

    FY24?
    A Herbicides – 22% Correct Answer Incorrect Answer
    B Fungicides – 21% Correct Answer Incorrect Answer
    C Insecticides – 41% Correct Answer Incorrect Answer
    D Biopesticides – 9% Correct Answer Incorrect Answer
    E Growth Regulators – 7% Correct Answer Incorrect Answer

    Solution

    The insecticide segment held the largest share of India’s agrochemical market at 41% in FY24, followed by herbicides (22%) and fungicides (21%). While herbicides registered the fastest growth at a 10% CAGR between FY21–FY24, insecticides continue to dominate demand due to India’s crop patterns, especially rice and cotton.

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