Report Overview

India Biopesticides Market - Industry Trends & Forecast Report 2028

India Biopesticides Market was worth USD 88.2 million in 2021 and is further projected to reach USD 191.58 million by the year 2028, exhibiting a CAGR of 11.7% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the rapidly growing preferences for high-quality organic food. Also, rising demand for biopesticides by farmers, since it grows faster than conventional chemical pesticides. Moreover, the excess use of chemical products in agriculture contaminates the soil and is harmful to human health. To reduce all these risks and pollution problems, eco-friendly biopesticides are rapidly growing in India. Additionally, the vast agricultural diversity and arable land in India are expected to provide significant growth opportunities for biopesticides market participants. Furthermore, market participants are spending on research and development to offer creative solutions and enhance the quality of the product. All these factors propel the growth of the India Biopesticides Market during the forecast period (2022-2028).

Biopesticides - Overview

Biopesticides, an abbreviation for 'biological pesticides,' are pest management interventions that work through predatory, parasitic, or chemical relationships. Historically, the term has been associated with biological pest control - and, by extension, the manipulation of living organisms. Moreover, they are derived from organisms such as plants, bacteria, other microbes, fungi, nematodes, and so on. They are frequently important components of integrated pest management (IPM) programs and have received considerable practical attention as alternatives to synthetic chemical plant protection products (PPPs). Furthermore, biopesticides are biodegradable and renewable alternatives that can be cost-effective for practical use. This approach to pest control is widely used in organic farming systems.

India Biopesticides Market Forecast and Trends

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.

Strong Demand for Eco-friendly Alternatives to Chemical Pesticides

The high demand for the product from Indian farmers is due to increased awareness of the benefits of biopesticides. Concerns about the harmful effects of standard pesticides and chemical residues may drive the product's adoption. Moreover, rising government investments to increase product adoption is expected to drive market development. Furthermore, manufacturers work with governments and academic institutions to develop novel biopesticide products. This collaboration could help the companies increase their sales and expand their market reach. These factors may drive the growth of the India biopesticides market during the forecast period (2022-2028).

Expanding Organic Farming in India

The biopesticide market in India is expected to expand due to an increase in demand for organic farming, which involves the use of various biopesticides to prevent pests and insects in crops such as wheat, rice, and fruits. According to the Research Institute of Organic Agriculture, the area under organic farming in the country will be 2.7 million hectares in 2020, with a 16 percent increase from 2019 to 2020. Organic farming has expanded as a result of government initiatives such as the Paramparagat Krishi Vikas Yojana (PKVY), the Mission Organic Value Chain Development for the North Eastern Region (MOVCDNER), and the National Programme of Organic Production (NPOP). The World of Organic Agriculture predicts that by 2020, India is expected to lead the world in organic with about 50% of its agricultural area being utilized for this type of farming.

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

Impact of COVID-19 on India Biopesticides Market

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.  

India Biopesticides Market - By Product

Based on the product, the India Biopesticides Market is segmented into Bioinsecticides, Bioherbicides, Bio fungicides, and Others. Among these, Bio fungicides account for the largest share in the India Biopesticides Market. This is because of the widespread availability and massive consumption of bio fungicides. On the market, the product is available in 250 different formulations. Also, bio fungicides improve plant root development and drought resistance. In India, there are several bio fungicides available, one of which is Trichoderma viride, which is widely used to control fungal diseases. All these factors propel the growth of the India Biopesticides Market during a forecast period (2022-2028).

India Biopesticides Market – By Source

Based on the source, the India Biopesticides Market is segmented into Microbial, Plant, and Biochemical. Among these, the microbial segment holds the largest market share owing to microbial pesticides being extremely effective. These biopesticides are environmentally friendly and long-lasting, resulting in improved crop protection strategies in Indian agriculture. The development of new technologies and investments in the research of new species have expanded the range of microbial biopesticide products. All these factors boost the growth of the India Biopesticides Market during the forecast period (2022-2028).

India Biopesticides Market - By Mode of Application

Based on mode of application, the India Biopesticides Market is segmented into Foliar Application, Seed Treatment, and Soil Treatment. The Foliar Application segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). This is because it is simple to use and more effective than soil application due to its even distribution. Furthermore, the foliar spray is the most effective way to treat nutrient deficiencies and boost plant growth. This influences the Foliar Application segment to dominate the market share, in turn, driving the growth of the India Biopesticides Market during the forecast period (2022-2028).

India Biopesticides Market – 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.

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, Som Phytopharma (India) Limited, Sumitomo International, International Panaacea Limited, and other prominent players.

The India Biopesticides Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

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.

Scope of the Report

By Product

• Bioinsecticides
• Bioherbicides
• Biofungicides
• Others

By Source

• Microbial
• Plant
• Biochemical

By Mode Of Application

• Foliar Application
• Seed Treatment
• Soil Treatment

By Crop Type

• Cereals
• Oilseeds
• Fruits & Vegetables
• Others

By Region

• North India
• South India
• East India
• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents
   5. Assumption & Limitation
3. Executive Summary
4. India Biopesticides Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. India Biopesticides Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
         1. Bioinsecticides
         2. Bioherbicides
         3. Biofungicides
         4. Others
      2. By Source
         1. Microbial
         2. Plant
         3. Biochemical
      3. By Mode Of Application
         1. Foliar Application
         2. Seed Treatment
         3. Soil Treatment
      4. By Crop Type
         1. Cereals
         2. Oilseeds
         3. Fruits & Vegetables
         4. Others
      5. By Region
         1. North India
         2. South India
         3. East India
         4. West India
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership.)
7. Impact of Covid-19 on India Biopesticides Market Industry
8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
   1. Biotech International Limited
   2. Tagros Chemical India Pvt. Ltd
   3. Koppert Biological Systems India Pvt. Ltd.
   4. Nav Agro Pvt. Ltd
   5. Kilpest India Ltd
   6. Ajay Bio-Tech (India) Ltd
   7. Som Phytopharma (India) limited
   8. Sumitomo International
   9. International Panaacea Limited
   10. Other prominent players
9. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        India Biopesticides Market Segmentation

Figure 2        India Biopesticides Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        India Biopesticides Market Size, By Value (USD Million), 2018-2028

Figure 5        India Biopesticides Market Share, By Product, By Value, 2018-2028

Figure 6        India Biopesticides Market Share, By Source, By Value, 2018-2028

Figure 7        India Biopesticides Market Share, By Mode Of Application, By Value, 2018-2028

Figure 8        India Biopesticides Market Share, By Crop Type, By Value, 2018-2028

Figure 10       India Biopesticides Market Share, By Region, By Value, 2018-2028

List of Tables

Table 1         India Biopesticides Market Size, By Product, By Value, 2018-2028

Table 2         India Biopesticides Market Size, By Source, By Value, 2018-2028

Table 3         India Biopesticides Market Size, By Mode Of Application, By Value, 2018-2028

Table 4         India Biopesticides Market Size, By Crop Type, By Value, 2018-2028

Table 5         India Biopesticides Market Size, By Region, By Value, 2018-2028

Table 6         Biotech International Limited Company Overview

Table 7         Biotech International Limited Financial Overview

Table 8         Tagros Chemical India Pvt. Ltd Company Overview

Table 9         Tagros Chemical India Pvt. Ltd Financial Overview

Table 10        Koppert Biological Systems India Pvt. Ltd Company Overview

Table 11        Koppert Biological Systems India Pvt. Ltd Financial Overview

Table 12        Nav Agro Pvt. Ltd Company Overview

Table 13        Nav Agro Pvt. Ltd Financial Overview

Table 14        Kilpest India Ltd Company Overview

Table 15        Kilpest India Ltd Financial Overview

Table 16        Ajay Bio-Tech (India) Ltd Company Overview

Table 17        Ajay Bio-Tech (India) Ltd Financial Overview

Table 18        Som Phytopharma (India) limited Company Overview

Table 19        Som Phytopharma (India) limited Financial Overview

Table 20        Sumitomo International Company Overview

Table 21        Sumitomo International Financial Overview

Table 22        International Panaacea Limited Company Overview

Table 23        International Panaacea Limited Financial Overview