India Biopesticide Market is Forecasted to Register Sales Volume of 47 thousand Tonnes by 2024: Ken Research
- Indian government has projected to double the real income of farmers till 2022-2023 through major sources of growth operating within the agriculture sector
- The market share of PIP is expected to have a significant increase from FY'2019 to FY'2024
GURUGRAM, India, July 16, 2019 /PRNewswire/ -- Government Initiatives: Government of India has been trying to increase the income of farmers through major sources of growth operating within the agriculture sector such as improvement in productivity, using of resources efficiently or by saving in cost of production, increasing intensity of crops and diversification towards high value crops. With the improvement and enhancement of farmer's income in the country, it is anticipated that it will lead to increasing demand for bio-pesticides in the country as rising use of biopesticides will lead to improvement in the production of crops coupled with using the resources efficiently.
Future trends for PIP: Genetically modified plants are expected to gain wide acceptance owing to their better adaptability in varying environmental stimuli and tolerance to a wide range of pests. With better regulatory practices in light of toxicity and safety of GM crops, PIP's are expected to have better acceptability in upcoming years. Moreover, GM crops in addition to being tolerant to different pests can be engineered to have specific nutritional content whose deficiency leads to disorders, owing to which GM crops are expected to gain momentum in forthcoming years.
Growth in Domestic Biopesticides Market: The growth in biopesticides market has been largely impelled by increased demand for biopesticides that has been observed in the backdrop of augmenting environment concerns as caused by the continued and excessive usage of the synthetic chemical pesticides. This excessive usage has in turn reported significant injuries to humans and various non target animals. There has been a considerable degradation in the quality of the soil as witnessed on account of the heavy use of these pesticides. A major growth area for bio pesticides is likely to witness under the area of seed treatments and soil amendments. Fungicidal and bio fungicidal seed treatments are used to control soil borne fungal pathogens that cause seed rots, damping-off, root rot and seedling blights.
Analysts at Ken Research in their latest publication "India Biopesticides Market Outlook to 2024 - Government Impetus to Improve Soil Health Further Supported by Flexible Registration Process Expected to Pose Healthy Growth" believe the market is expected to register a positive CAGR of 10.3% in terms of sales during the forecast period FY'2018-FY'2024.
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'2024E
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
Key Topics Covered in the Report
- India Biopesticides Market Overview and Genesis, 2013-2018
- Comparative Analysis of India Biopesticides Market with Global Market
- Value Chain Analysis of India Biopesticides Market
- India Biopesticides Market Size, FY'2013-FY'2019(P)
- India Biopesticide Market Segmentation, FY'2013-FY'2019(P)
- Growth Drivers and Restraints for India Biopesticides Market
- Average Price of Key Biopesticides
- Snapshot on India Bioherbicides Market
- Snapshot on Liquid Formulation of Biopesticides
- Decision Making Process Used by Farmers Before Purchasing Biopesticide
- Government Policies and Regulations in Biopesticides Market in India
- Competitive Scenario of Major Players in India Biopesticides Market, FY' 2018
- Company Profiles of Major Companies in India Biopesticides Market, 2018
- India Biopesticides Market Future Outlook and Projections, FY'2019-FY'2024E
- Analyst Recommendations for India Biopesticides Market
For more information on the research report, refer to below link:
Other Related Reports:
The report provides a comprehensive analysis of the pesticides market in India. The report covers various aspects such as market size of India pesticides market, segmentation on the basis of type of pesticides, crops, industry structure i.e. organized and unorganized, regional consumption, import and indigenous pesticides and others. The report also covers market in different aspects such as market size, segmentation of market on the basis of generic and patented pesticides, import and export of pesticides in the market. The report will help industry consultants, pesticide producing companies, suppliers and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future. The market comprises of large companies such as UPL, Syngenta, Bayer Crop Science, Insecticides India Limited and others which posses a large product portfolio of pesticides products. The industry has grown at a rapid pace of ~% over the period FY'2010-FY'2015 and reached INR ~ billion in FY'2015 on account of remarkably rising population and inflating agricultural commodity prices. Rising awareness among the farmers related to the benefits of using certified/ quality pesticides has led to an increase in the demand for pesticides over the past few years. This has resulted in an increasing willingness among the farmers to pay higher price for quality pesticides leading to enhancement in productivity.
Ken Research announced its latest publication on "China Complex (NPK) Fertilizer Market Outlook to 2022 - Expected Replacement from Straight Chemical Fertilizers To Complex Fertilizers" which provides a comprehensive analysis of the complex fertilizer market in China. The report covers aspects such as complex fertilizer market by its key segments including market size, consumption of complex fertilizers by product form, product type, application by crops, by regions and by grades. The publication also includes detailed analysis of complex fertilizer market, trade scenario, competitive landscape, detailed profiles on major players and trend and developments. Future analysis of China complex fertilizer market with estimated production and consumption projections has also been discussed along with analyst recommendations.
The market research report provides a comprehensive analysis of the complex fertilizer market in India. The report covers aspects such as complex fertilizer market by its key segments including market size, consumption of complex fertilizers by product form, product type, application by crops, and by grades. The publication also includes detailed analysis of complex fertilizer market, trade scenario, competitive landscape, detailed profiles on major players and trend and developments. Future analysis of India complex fertilizer market with estimated production and consumption projections has also been discussed along with analyst recommendations.
The report provides a comprehensive analysis of the crop protection market in South Africa. The report focuses on overall market size, market segmentation by type of pesticides (Herbicides, Insecticides, Fungicides, Biopesticides and others), by type of herbicides (Glyphosate, Methotrexate and Triazine), by type of insecticides (Pyrethroids and Abamectin), by type of fungicides (Triazole, Azoxystrobin and Carbendazim), by type of product (generic and patented), by form of pesticide (Liquid, Granules and Powder), by type of crops (Cereal, Fruits and Vegetable crops), by type of cereal crops (Corn, Wheat and Barley, Canola, Soybean, Sunflower and others), by type of vegetable crops (Potato, Tomato and others) and by market structure (organized and unorganized sector). The report also covers the overall competitive landscape; government's role and regulations, decision making process used by farmers before purchasing crop protection products, trends and developments and issues and challenges in the crop protection market. The report concludes with market projections for future for the market described above highlighting the major opportunities and cautions for South Africa crop protection market.
Contact Us:
Ankur Gupta, Head Marketing
Ken Research Private Limited
Ankur@kenresearch.com
+91-9015378249
LOGO: https://mma.prnewswire.com/media/661352/Ken_Research_Logo.jpg
Share this article