Ken Research: India Biopesticides Market Outlook to 2020 - Trichoderma and Bacillus Thuringiensis (BT) Biopesticides to Lead the Future Growth

• 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 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:

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:

China Crop Protection Market Outlook to 2018 - Increasing Government Support for Bio Pesticides to Drives Revenues

China Soil Treatment Market Outlook to 2019 - Expansion of Branded Players and Agrochemical Formulates to Drive Growth

India Pesticides Industry Analysis to 2018 - Led by Advent of Technologically Advanced Biopesticides