The India biopesticides market size was USD 64.73 million in 2021. The market is expected to grow from USD 69.62 million in 2022 to USD 130.37 million by 2029, exhibiting a CAGR of 9.38% during the forecast period. Consumers' rising demand for organic and biological products and the rising focus on crop protection may boost industry growth. Fortune Business Insights™ presents this information in its report titled “India Biopesticides Market, 2022-2029.”
Biopesticides are derived from natural materials such as minerals, plants, and animals. They are highly organic and boost crop quality. The rising demand for organic and biological products from consumers is expected to boost the product adoption. Furthermore, the rising demand for organic foods and the increasing consumption of healthy foods may foster the adoption of pesticides. Additionally, the rising focus on crop protection may boost the India biopesticides market share in the coming years.
COVID-19 Impact
Supply Chain Disruptions to Hinder Market Progress
This market is expected to be affected during the COVID-19 pandemic due to disruptions in the supply chain. The alarming surge in COVID-19 cases led to restrictions on manufacturing and transportation, thereby creating severe supply chain disruptions and delivery delays. Further, stock shortages may hinder sales and impede the industry progress. However, manufacturers adopt reduced capacities, automated production techniques, part-time shifts, and advanced sanitization to avoid virus spread and balance costs. This factor may boost market progress during the pandemic.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/india-biopesticides-market-106498
Segments
Type, Source, Mode of Application, and Crop Type are Studied
By type, the market is segmented into bioinsecticides, biofungicides, bionemicides, and others. As per source, it is bifurcated into microbial and biochemical. Based on mode of application, it is categorized into foliar application, seed treatment, and soil treatment. On the basis of crop type, it is divided into fruits & vegetables, oilseeds, cereals, and others.
List of Key Players Profiled in the Report
Stanes & Company Limited (Coimbatore)
Coromandel International (Hyderabad)
Tagros Chemicals India Ltd. (Chennai)
Ajay Bio-tech (India) Ltd. (Pune)
Som Phytopharma (India) Limited (Hyderabad)
International Panaacea Limited (Gurgaon)
Biotech International Limited (Delhi)
Sumitomo International Co. Ltd. (Delhi)
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
The India biopesticides market size was USD 64.73 million in 2021. The market is expected to grow from USD 69.62 million in 2022 to USD 130.37 million by 2029, exhibiting a CAGR of 9.38% during the forecast period. Consumers' rising demand for organic and biological products and the rising focus on crop protection may boost industry growth. Fortune Business Insights™ presents this information in its report titled “India Biopesticides Market, 2022-2029.”
Biopesticides are derived from natural materials such as minerals, plants, and animals. They are highly organic and boost crop quality. The rising demand for organic and biological products from consumers is expected to boost the product adoption. Furthermore, the rising demand for organic foods and the increasing consumption of healthy foods may foster the adoption of pesticides. Additionally, the rising focus on crop protection may boost the India biopesticides market share in the coming years.
COVID-19 Impact
Supply Chain Disruptions to Hinder Market Progress
This market is expected to be affected during the COVID-19 pandemic due to disruptions in the supply chain. The alarming surge in COVID-19 cases led to restrictions on manufacturing and transportation, thereby creating severe supply chain disruptions and delivery delays. Further, stock shortages may hinder sales and impede the industry progress. However, manufacturers adopt reduced capacities, automated production techniques, part-time shifts, and advanced sanitization to avoid virus spread and balance costs. This factor may boost market progress during the pandemic.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/india-biopesticides-market-106498
Segments
Type, Source, Mode of Application, and Crop Type are Studied
By type, the market is segmented into bioinsecticides, biofungicides, bionemicides, and others. As per source, it is bifurcated into microbial and biochemical. Based on mode of application, it is categorized into foliar application, seed treatment, and soil treatment. On the basis of crop type, it is divided into fruits & vegetables, oilseeds, cereals, and others.
List of Key Players Profiled in the Report
Stanes & Company Limited (Coimbatore)
Coromandel International (Hyderabad)
Tagros Chemicals India Ltd. (Chennai)
Ajay Bio-tech (India) Ltd. (Pune)
Som Phytopharma (India) Limited (Hyderabad)
International Panaacea Limited (Gurgaon)
Biotech International Limited (Delhi)
Sumitomo International Co. Ltd. (Delhi)
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.