Product Code: ETC4599985 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India biopesticides market import shipment exhibited a significant decline with a CAGR of -53.5% from 2020 to 2024. However, there was a notable rebound with a growth rate of 9.4% between 2023 and 2024. The market experienced a period of contraction followed by a recent uptick, indicating signs of stabilization and potential recovery.
The India biopesticides market has experienced notable growth as eco-friendly and sustainable pest management solutions become more popular in agriculture. Biopesticides are products derived from natural sources, such as microorganisms and plant extracts, that can control pests and diseases in crops. India farmers are increasingly turning to biopesticides as an alternative to chemical pesticides, as they seek to reduce the environmental impact of farming and ensure food safety. Government policies and initiatives that promote eco-friendly and organic farming practices have further boosted the growth of the biopesticides market in India. The market offers a variety of biopesticide products tailored to different crop protection needs.
The India Biopesticides market is experiencing robust growth driven by multiple factors. A significant driver is the increasing awareness of the harmful effects of chemical pesticides on human health and the environment. This awareness has led to a shift towards more sustainable and eco-friendly pest management solutions, such as biopesticides. Government policies and regulations promoting the use of biopesticides have further accelerated market growth. Additionally, the demand for organic produce and sustainable farming practices has created a substantial market for biopesticides. The availability of a wide range of biopesticide products, including microbial pesticides and botanical extracts, also contributes to the market`s expansion.
The India biopesticides market confronts challenges associated with the limited spectrum of action of biopesticides. Ensuring that biopesticides effectively control a wide range of pests and diseases is essential. Educating farmers about the proper timing and application methods for biopesticides is also important. Overcoming the perception that chemical pesticides are more potent and immediate can be a hurdle in this market. Regulatory approvals and labeling standards for biopesticides are also important challenges.
The India biopesticides market faced challenges during the COVID-19 pandemic, primarily due to disruptions in the supply chain and distribution channels. Lockdowns and restrictions affected the availability of biopesticides for farmers, leading to delays in their adoption. Additionally, the economic impact of the pandemic influenced farmers` budget constraints, affecting their willingness to invest in biopesticides. However, the crisis highlighted the importance of reducing chemical pesticide usage and promoting sustainable pest management practices, which may drive long-term interest in biopesticides. As the situation stabilizes, the market is expected to recover, with a growing emphasis on eco-friendly and sustainable pest control strategies.
Prominent players in the India biopesticides market include Dow AgroSciences, Novozymes, Monsanto (now part of Bayer), and Syngenta.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Biopesticides Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Biopesticides Market Revenues & Volume, 2021 & 2031F |
3.3 India Biopesticides Market - Industry Life Cycle |
3.4 India Biopesticides Market - Porter's Five Forces |
3.5 India Biopesticides Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Biopesticides Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 India Biopesticides Market Revenues & Volume Share, By Formulation, 2021 & 2031F |
4 India Biopesticides Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for organic food products in India |
4.2.2 Growing awareness about environmental sustainability and the harmful effects of chemical pesticides |
4.2.3 Government initiatives promoting the adoption of biopesticides in agriculture |
4.3 Market Restraints |
4.3.1 Limited awareness and knowledge about the effectiveness of biopesticides compared to chemical pesticides |
4.3.2 High initial costs associated with biopesticides |
4.3.3 Lack of availability and accessibility of a wide range of biopesticide products in the market |
5 India Biopesticides Market Trends |
6 India Biopesticides Market, By Types |
6.1 India Biopesticides Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Biopesticides Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Biopesticides Market Revenues & Volume, By Bioinsecticides, 2021-2031F |
6.1.4 India Biopesticides Market Revenues & Volume, By Biofungicides, 2021-2031F |
6.1.5 India Biopesticides Market Revenues & Volume, By Bionematicides, 2021-2031F |
6.1.6 India Biopesticides Market Revenues & Volume, By Bioherbicides, 2021-2031F |
6.2 India Biopesticides Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 India Biopesticides Market Revenues & Volume, By Microbials, 2021-2031F |
6.2.3 India Biopesticides Market Revenues & Volume, By Biochemicals, 2021-2031F |
6.2.4 India Biopesticides Market Revenues & Volume, By Beneficial Insects, 2021-2031F |
6.3 India Biopesticides Market, By Formulation |
6.3.1 Overview and Analysis |
6.3.2 India Biopesticides Market Revenues & Volume, By Dry, 2021-2031F |
6.3.3 India Biopesticides Market Revenues & Volume, By Liquid, 2021-2031F |
7 India Biopesticides Market Import-Export Trade Statistics |
7.1 India Biopesticides Market Export to Major Countries |
7.2 India Biopesticides Market Imports from Major Countries |
8 India Biopesticides Market Key Performance Indicators |
8.1 Adoption rate of biopesticides by Indian farmers |
8.2 Number of research and development activities focused on improving biopesticide efficacy |
8.3 Percentage of agricultural land in India using biopesticides as a primary pest management strategy |
9 India Biopesticides Market - Opportunity Assessment |
9.1 India Biopesticides Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Biopesticides Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 India Biopesticides Market Opportunity Assessment, By Formulation, 2021 & 2031F |
10 India Biopesticides Market - Competitive Landscape |
10.1 India Biopesticides Market Revenue Share, By Companies, 2024 |
10.2 India Biopesticides Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |