Ken Research announced its latest publication on “India Biopesticides Market Outlook 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:
- -Market Size by Revenue, Consumption
- -Market Segmentation by
- oOrganizational Structure
- oImported 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
Bacillus Thuringinsis variant Kurstaki
Companies Covered in the Report
Pest Control India
International Panaacea Ltd.
Ankur Gupta, Head Marketing & CommunicationsAnkur@kenresearch.com
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