DUBLIN, May 26, 2015 /PRNewswire/ -- Research and Markets(http://www.researchandmarkets.com/research/mwj9gr/indian) has announced the addition of the "Indian Biopesticides Market - Growth, Trends and Forecasts (2015-2020)" company profile to their offering.
Demand for biopesticides in India is forecast to exhibit high growth in terms of both volume and value, estimated at respective compounded annual rates of 18.3% and 19% over the 2015-2020 period
The significance of biopesticides in the Indian agricultural scenario and corresponding rural development has been stressed, with a particular emphasis on integrated pest management (IPM) systems. However, the domestic market has been plagued by factors hindering the potential growth of biopesticides, such as non-availability and continuing disappearance of mixed/multiple cropping that adversely affects demand for biopesticides. Despite these limitations, the Indian market for biopesticides has been on a growth trajectory as a consequence of massive research infrastructure and constructive public support and policies.In addition, decreasing arable land per person in India, which is recorded as 0.6Kg/ha is a growing concern, with arable land per person decreasing by 0.1 hectares per person.
Other key drivers in the market are increasing consumer demand for organic products thus encouraging organic farming practices and governments promoting bio control products. The market however is mainly constrained by the grower's low awareness on the use of bio control agents and availability of the products. Also low shelf life of products results in farmer's frequent application of Biopesticides thus resulting in increased costs.
Segmentation of this report includes futher segmentation of Biopesticides to include Bioherbicides, Bioinsecticides, biofungicides and other Biopesticides. Based on application the market gives a share of pesticides used on Crop based applications like grains & Cereals, Oilseeds, Fruits and vegetable and Non crop application on Turf & Ornamental grass. In terms of region, India along with China is set to outpace other markets in Asia-Pacific by posting faster CAGRs.
Some of the players profiled in this market are Bayer cropscience, BASF, Emery Oleochemicals, ISagro Spa, Ishihara Sangyo Kaisha,Ltd , Sri Biotech Laboratories India, Ltd among others.
Key Topics Covered:
2. KEY FINDINGS OF THE STUDY
3. MARKET OVERVIEW
4. MARKET DYNAMICS
5. MARKET SEGMENTATION
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SOURCE Research and Markets