The India biopesticides market size was USD 64.73 million in 2021. The market is expected to grow from USD 69.62 million in 2022 to USD 130.37 million by 2029, exhibiting a CAGR of 9.38% during the forecast period. Consumers' rising demand for organic and biological products and the rising focus on crop protection may boost industry growth. Fortune Business Insights™ presents this information in its report titled “India Biopesticides Market, 2022-2029.”
Biopesticides are derived from natural materials such as minerals, plants, and animals. They are highly organic and boost crop quality. The rising demand for organic and biological products from consumers is expected to boost the product adoption. Furthermore, the rising demand for organic foods and the increasing consumption of healthy foods may foster the adoption of pesticides. Additionally, the rising focus on crop protection may boost the India biopesticides market share in the coming years.
COVID-19 Impact
Supply Chain Disruptions to Hinder Market Progress
This market is expected to be affected during the COVID-19 pandemic due to disruptions in the supply chain. The alarming surge in COVID-19 cases led to restrictions on manufacturing and transportation, thereby creating severe supply chain disruptions and delivery delays. Further, stock shortages may hinder sales and impede the industry progress. However, manufacturers adopt reduced capacities, automated production techniques, part-time shifts, and advanced sanitization to avoid virus spread and balance costs. This factor may boost market progress during the pandemic.
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