Fusarium Proliferatum Sales India, Registered Biopesticide India, Development Biopesticide India

India Biopesticides Market Research Report to 2024: Ken Research

How India Biopesticides Market is positioned?

Indian Biopesticides Market is a house to more than 500 biopesticides that are duly registered by the Central Insecticides Board (CIB), but quality control is a major problem in most of these products. Extensive research on biopesticides in national laboratories and State Agricultural Universities has clearly demonstrated the efficacy of biopesticides for management of pests and diseases. Owing to this, their demand at the state and the national level has increased considerably.

In terms of value, India Biopesticides market generated gross revenue of INR ~ million in FY’2013. The market has attained speedy growth over the period of six years from FY’2013 to FY’2019(P). The potential benefits of using biopesticides in agriculture and public health programs are considerable. This has tremendously escalated the consumption for biopesticides in the country over the years resulting in a double digit CAGR growth. The biopesticides market in India is concentrated among few major players operating in the organized space. In the organized market, about ten major companies accounted for majority of the entire organized biopesticides market in the country during FY’2018

India Biopesticides Market Segmentation

By Origin

In FY’2019(P) the revenue generated through Microbial pesticides consist of a microorganism (e.g., a bacterium, fungus, virus or protozoan) as the active ingredient collectively contributed to a majority of the proportion in the overall Biopesticides market. On the other hand botanical/biochemical and PIP was observed to capture the remaining volume share in the FY’2019(P).

By India Biofungicides Market Segmentation

With improved seed vigor and introduction of systematic disease resistance, the demand for this fungal symbiont has remained high and rendered a majority share in the Indian Biofungicides market in FY’2019. Fusarium Proliferatum contributed to the smallest share in terms of revenue generated.

By India Bioinsecticides Market Segmentation

During FY’2019, Bacillus Thuringiensis Variant Kurstaki contributed to a majority of the bioinsecticides  sold in India. Due to its high effectiveness and quicker results, it is preferred over any other bioinsecticide present in the Indian market and thus, contributed the highest share of in the Indian Bioinsecticide market in FY’2019.

By Organized and Unorganized Market

The country’s biopesticides market is highly fragmented with several number of small scale players operating in the space. During FY’2019, the unorganized sector constituted a significant share in the overall biopesticides market in the country.

By Crops

The application of biopesticides is spread across several crops in agriculture. However the share of cereals, pulses and oilseeds was recorded the highest, and has commanded a major portion of the overall bio-pesticide consumption in India during FY’2019.  Flower, spices and tea constituted the smallest market share in terms of revenue generated.

By Imported and Indigenous Biopesticides

In India, the demand for indigenous biopesticides has dominated the overall biopesticides market during FY’2019(P). On the other hand, imported biopesticides which mainly includes Bacillus, semi chemicals and others have accounted for the rest of the market.

Competitive Landscape in India Biopesticides Market

In the organized biopesticides market, about ten major companies accounted for majority of the entire organized biopesticides market in the country during FY’2018. The main reason behind this have been attributed to the sustained R&D procedures carried out by these companies coupled with their profound distribution channel spread across several regions in the country The Organized market constitutes of the organized players. The Major companies in the market are EID Parry, T Stanes, Fortune Biotech, Excel Crop Care, International Panaacea Ltd, Biotech International, Kan Biosys, PCI, PJ Margo, Prathibha Biotech and Zytex Biotech. Price, quality and distribution network are some of the critical parameters on the basis of which companies compete in the organized segment.

India Biopesticides Market Future Outlook and Projections

It is anticipated that the biopesticides market in India will continue to grow in the coming years. Projections for the future suggest that the overall market is likely to showcase a vibrant growth in terms of revenue in FY’2023E. This growth performance has been primarily anticipated on account of growing environmental awareness and education spreading amongst the Indian farmer fraternity as stimulated by combined efforts laid by both private and public authorities. The CAGR during this period is expected to be around ~% during the forecast period FY’2019E-FY’2024E.

Key Segments Covered

Origin

Microbial

Biochemical Biopesticides

PIPS

Biofungicides Market

Trichoderma Viride and Harzianum,

Pseudomonas Fluorescens,

Bacillus Subtilis/ Pumilus,

Ampelomyces Quisqualis,

Fusarium Proliferatum

Bioinsecticides Market

Bacillus Thuringiensis Variant Kurstaki

Beauveria Bassiana

Verticillium Lecanii

Metarhizium anisopliae

Paecilomyces lilacinus

Others

Bioinsecticides Market

Bacillus Thuringiensis Variant Kurstaki

Beauveria Bassiana

Verticillium Lecanii

Metarhizium anisopliae

Paecilomyces lilacinus

Others

Market Structure

Organized

Unorganized

Crops

Cereals, pulses, oilseeds

Vegetables and fruits

Cash crops

Flowers, spices and tea

By procurement

Indigenous

Imported

Key Target Audience

Biopesticides Companies (emerging and already established)

Biopesticides Distributor

Regulatory Agencies

Microbial Manufacturers

Biochemical/Botanical Manufacturers

Agrochemical Companies

Time Period Captured in the Report:

Historical Period – FY’2013-FY’2018

Forecast Period – FY’2019-FY’2024

Companies Covered:

Eid Parry

T Stanes

Fortune Biotech

Excel Crop care

International Panaacea limited

Biotech International Limited (BIL)

Kan biosys

Pest control India (PCI)

P J Margo

Prathibha Biotech

Camson Biotech

Zytex

For more information on the research report, refer to below link:

India Biopesticides Market Outlook to 2024

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