Biopesticides: Bioinsecticides, Biofungicides and Bionematicides are Rapidly Growing Market Segments and are Expected to Boost the Demand for Bio Pesticides in Future

Description:

Biopesticides have usuallyno known function in photosynthesis, growth or other basic aspects of plantphysiology. Instead, they are active against biological pests. Many chemical compoundshave been identified that are produced by plants to protect them from pests.These materials are biodegradable and renewable alternatives, which can beeconomical for practical use.

India biopesticides marketis dominated by various unorganized players due to the expensive registrationprocess. However, the market is also characterized by the presence of severallarge, organized players such as Pest Control India and International PanaaceaLtd.

Major demand forbiopesticides came from cotton, Paddy crops, cereals, pulses and oilseeds asIndia is the largest consumer of pulses in the world and the second largestproducer of cereals which include wheat, paddy, maize, millets and others. Asnext generation pesticides, biopesticides are gaining popularity in India. Dueto presence of higher pesticides residues in food crops, specifically on grainsand increasing pest resistance, developed countries are posing strictregulations on use of some synthetic pesticides, which will affect the use ofsynthetic pesticides and will promote the use of biopesticides in the region.

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