India Biopesticides Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

The Indian biopesticides market is projected to witness a CAGR of 7.3% during the forecast period.

The COVID-19 pandemic impacted the whole process, from biopesticide production to consumption. The pandemic resulted in the restriction of movement, a decline in the demand from farmers, and the closure of production facilities. The industry also suffered severe labor shortages due to repeated lockdowns that affected the production and trade movements. The decline in business for a few initial months in 2020, coupled with lower demand from a few major markets, has put pressure on the profitability of biopesticides manufacturers and vendors.

Increasing awareness about food safety, organic farming, and government subsidies are major factors driving the market for biopesticides in India. According to Fibl Statistics, the area under organic cultivation in India was 1.8 million ha in 2017, which increased to 2.1 million ha in 2019.

In 2019, the Indian biopesticides market was dominated by bioinsecticides. It is projected to remain the same during the forecast period. Wheat, cotton, and rice are the major crops cultivated in the country. The sales of bioinsecticides related to these crops are expected to increase more than other crop-based products.

India Biopesticides Market Trends

Increasing Area Under Organic Cultivation

The increasing adoption rate of organic cultivation in India is a major driver for biopesticides in the country. According to the Research Institute of Organic Agriculture, the area under organic cultivation in India was 1.8 million ha in 2016, which increased to 2.7 million ha in 2020. According to the Government of India, the area under organic farming covered across the country under the Paramparagat Krishi Vikas Yojana (PKVY), Mission Organic Value Chain Development for North Eastern Region (MOVCDNER), and National Programme of Organic Production (NPOP) schemes is 23.02 lakh ha.

Increasing Usage of Biopesticides

With the increasing food safety awareness among the households, coupled with rising environmental issues, in 2019, the Government of India has banned around 18 active chemical ingredients, including ammonium sulphamate, azinphos-ethyl, and dicrotophos, which are widely used across the country to control plant pests. The ban on pesticides in developed nations is also likely to affect the Indian agricultural commodity export market, leading to a further ban on pesticides in the country in the coming years. For instance, rice export from India to European countries plunged by 40% in 2018, as rice samples failed to meet the minimum residue level in the European region. Such factors are likely to boost the usage of biopesticides in the country.

India Biopesticides Market Competitor Analysis

India's biopesticides market is highly fragmented. Biowrks Inc., Sumitomo Chemical India Pvt. Ltd, Koppert Biological Systems India Pvt. Ltd, Nav Agro Pvt. Ltd, and Kilpest India Ltd are some of the active players in the market. Partnerships, product launches, mergers and acquisitions, and R&D investments are some of the most adopted strategies by active players in the market.

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• The market estimate (ME) sheet in Excel format
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