·
Future Growth of
India Biopesticides Market is expected to be led by the growth in
bioinsecticides segment and the liquid formulations of biopesticides
·
The market
leader, Pest Control India is expected to maintain focus on intensive R&D
and technological innovations in the bio control field to compete with other
players in the industry
Ken Research announced its latest publication on “India Biopesticides MarketOutlook to 2020” which provides a comprehensive analysis of the biofungicides
and bioinsecticides in India. The report covers various aspects such as market
size of India Biopesticides Market, segmentation on the basis of origin,
application, organizational structure and crops. The report is useful for biopesticides
manufacturers, wholesalers of biopesticides, retail chains and new players
venturing into the market. The report extensively covers qualitative framework
of biopesticides market such as growth drivers, growth restraints and
government regulations. It also covers the macroeconomic factors which have a
direct bearing on the market alleged with future outlook of the Industry.
Bio-pesticides typically
affect only the target pest and closely related organisms, in contrast to broad
spectrum, conventional pesticides that may affect organisms as different as
birds, insects, and mammals. The Biopesticides market in India has witnessed a
growth in recent years on account of governmental support, integrated pest
management programme and rising demand for organic products fueled by growing
health awareness among people. Trichoderma is a type of fungi which is
typically introduced in large numbers in almost all kinds of agricultural soils
and decaying wood. It is a multifunctional fungal plant symbiont and is useful
in enhancing the growth and productivity of plants and curing various plant
diseases. With improved seed vigor and introduction of systematic disease
resistance, the demand for this fungal symbiont has remained high and rendered
a 52.5% share in the Indian bio-fungicides market in FY’2015.
The surge in growth has majorly
originated from growth in demand for Trichoderma Viride and Bacillus
Thuringinsis in the Biopesticides
market. The growth in this segment has been largely led by factors such as flexible
registration process, efforts by the government to promote biotechnology and
increasing demand for organic food products. The Biopesticides market in India comprises
of large companies such as Pest Control India which posses a large product
portfolio of biological plant protection products. The India Biopesticides Market
revenues have grown remarkably at a CAGR of ~% from 2010- 2015.
According to the research
report, the India Biopesticides Market will grow at a considerable CAGR rate
thus exceeding INR 16 billion by FY’2020 due to the booming organic food
industry in India.
“While rising disposable
incomes, expanding population and changing consumer preferences will result in
increased spending on biopesticides in India, rising food inflation and the gradual
disappearance of mixed cropping are few of the major challenges which will
affect the growth of this industry in the future”, according to the Research Associate,
Ken Research.
Key Topics Covered in the Report:
Biopesticides
-
Market Size by
Revenue, Consumption
-
Market
Segmentation by
Origin
Application
Organizational
Structure
Crops
Imported and
Indigenous Biopesticides
-
Consumption by
Regions and States
-
Growth Drivers
and Restraints
-
Governmental
Policies and Regulations
-
Competition
and Market Share
-
Future Outlook
-
Macro Economic
Parameters
Key Products Mentioned in the Report
Trichoderma Viride
Bacillus Thuringinsis
variant Kurstaki
Pseudomonas Fluorescens
Trichoderma Harzianum
Bacillus subtilis
Ampelomyces quisqualis
Fusarium proliferatum
Beauveria Bassiana
Metarrhizium Anisopliae
Verticillium Lecanii
Companies Covered in the Report
Pest Control India
International Panaacea
Ltd.
T Stanes
Biotech International
PJ Margo
Related
Reports:
India Pesticides Industry Analysis to 2018 - Led
by Advent of Technologically Advanced Biopesticides
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
