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:
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Research
Ankur
Gupta, Head Marketing & Communications
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