Question
Which segment dominated India’s agrochemical market in
FY24?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.
The term depletion is used in relation to
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