Best Agrolife to launch new insecticide for resistant pests in July
Jun 19, 2024 15:17
Best Agrolife Ltd announces the launch of Nemagen, a patented insecticide formulation targeting resistant pests causing crop damage. The product, containing a unique blend of active ingredients, will be launched in July and is expected to capture a significant share of the Rs 6,300 crore market...
New Delhi, Jun 19 (PTI) Specialty agrochemical maker Best Agrolife Ltd on Wednesday said it has received regulatory approval for a new patented insecticide formulation called Nemagen to target resistant pests causing major crop damage.
The company is planning to launch the product in July
Lepidopteran pests like borers have expanded their host range and developed resistance to existing insecticides, resulting in 30-50 per cent crop losses, the Gurugram-based firm said in a statement.
Nemagen contains a combination of active ingredients chlorantraniliprole, novaluron and emamectin benzoate to provide broad-spectrum control of lepidopteran, coleoptera and diptera pests affecting vegetables, grains, fruits and pulses.
Best Agrolife estimates the market size for products targeting lepidopteran pests at around Rs 6,300 crore, of which it expects to capture an 8 per cent share worth Rs 500 crore in the first two years after the launch.
The low-toxicity formulation aligns with global trends towards environmentally sustainable agricultural practices, the company said.
Nemagen will be the latest addition to Best Agrolife's portfolio of proprietary agrochemical products like Warden Extra, Orisulam and Tricolor as the company bets on innovations to drive future revenue growth.
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