India Biopesticides Market Demand, Report 2022-2028

1. India Biopesticides Market, By Product- Industry Size, Share, Growth, Opportunity and Forecast, 2022-2028

2. India Biopesticides Market - Industry Trends & Forecast Report 2028 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the India Biopesticides Market was worth USD 88.2 million in the year 2021. The market is projected to grow at a CAGR of 11.7%, earning revenues of around USD 191.58 million by 2028. The India Biopesticides Market is booming because of the expanding Indian agriculture sector. Moreover, the market for biopesticides is predicted to grow as an eco-friendly alternative to hazardous chemical pesticide sales rise. Moreover, growing interest in crop protection and increased demand for organic and biological goods could fuel business expansion. 

3. Growth Drivers  Use of Biopesticides Growing The Government of India has banned approximately 18 active chemical ingredients, including ammonium sulphamate, azinphos-ethyl, and dicrotophos, which are widely used throughout the nation to control plant pests, in 2019 due to rising environmental concerns and a household awareness of food safety issues. The export market for agricultural commodities from India is likely to be impacted by the restriction on pesticides in developed countries, which could result in a subsequent ban on pesticides in the nation in the years to come. As an illustration, the export of rice from India to European nations fell by 40% in 2018 as samples of the rice did not match the required minimum residue level for the continent. These elements are increasing the country's use of biopesticides.

4. Restraints  Limited Production of Biopesticides Meanwhile, the rise in demand for biopesticides as a result of national and state initiatives has resulted in "stimulating the marketing of spurious biopesticides that are undermining the respectability of the biotechnology sector," according to the report. Also, one of the constraints in India is the limited production of biopesticides, with only 14 biopesticide formulations registered under the 1968 Insecticide Act, which primarily catalogs the criteria for determining pesticide bio-safety. The high cost of biopesticide registration in India, as well as the lengthy process involved, deter companies from investing in biological pesticide research and development. All these factors hinder the growth of the India Brake Pad Market

5. Impact of COVID-19 Due to supply chain hiccups during the COVID-19 epidemic, this market was impacted. Due to manufacturing and shipping constraints brought on by the alarming increase in COVID-19 cases, there were major supply chain disruptions and delivery delays. Stock shortages may also impair sales and inhibit the development of the industry. To stop the spread of viruses and balance costs, producers instead use lower capacity, automated manufacturing methods, part-time shifts, and enhanced sanitization. However, the market, on the other hand, is improving and is likely to return to normal as the government's assistance grows. During the forecast period (2022-2028), the market is expected to rise due to the quickest recovery rates in some regions. Which in turn anticipated to surge in the demand for biopesticides.  

6. By Region The India Biopesticides Market is divided into four regions: North India, West India, East India, and South India. The highest demand for biopesticides was observed in West India, particularly Maharashtra, followed by the South region, which saw higher consumer demand for biopesticides in India's total biopesticides market. Moreover, many farmers and producers in India are looking for more cost-effective, environmentally friendly, and superior agricultural production options. The market is expected to be driven by rising technological innovation, increasing investments, and efforts to promote biopesticides. Furthermore, the rising adoption of organic farming and eco-friendly alternatives to hazardous chemical pesticides will drive the India Biopesticides Market during the forecast period.

7. Competitive Landscape The leading market players in the India Biopesticides Market are Biotech International Limited, Tagros Chemical India Pvt. Ltd, Koppert Biological Systems India Pvt. Ltd., Nav Agro Pvt. Ltd, Kilpest India Ltd, Ajay Bio-Tech (India) Ltd, SomPhytopharma (India) Limited, Sumitomo International, International Panaacea Limited, and other prominent players.

8. Recent Development In 2019, Bioworks Inc. signed a long-term partnership agreement with NACL Industries Ltd for marketing Bioworks Inc.'s biological products, including biopesticides, in India and South Asia. Sample Copy of the report : https://www.blueweaveconsulting.com/report/india-biopesticides-market/report-sample

9. Key Players Biotech International Limited, Tagros Chemical India Pvt. Ltd, Koppert Biological Systems India Pvt. Ltd., Nav Agro Pvt. Ltd, Kilpest India Ltd, Ajay Bio-Tech (India) Ltd, SomPhytopharma (India) limited, Sumitomo International, International Panaacea Limited, and other prominent players

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