16 December2024, New Delhi: Best Agrolife has been granted a synergistic patent for its ternary pesticide formulation that integrates Spiromesifen, Hexythiazox, and Abamectin. This product is designed to address mite infestations in cotton, chilli and tea plantations, a persistent issue that threatens crop productivity and quality.
This formulation is effective against multiple pests, delivering unparalleled efficacy in combating various mites, as well as sucking pests like whiteflies. These pests are among the most destructive to crops and vegetables including brinjal, okra, and tomato.
Mites pose a severe challenge to tea farmers, leading to crop losses ranging from 17% to 46%. The patented formulation offers a holistic approach to managing mite infestations by targeting mites across ovicidal, nymphal, and adult stages. This multi-action mechanism ensures efficient pest control, contributing to healthier crops and improved yields for high value plantations.
India, the second-largest producer of tea globally and the largest consumer, accounts for 30% of the world’s tea consumption. In 2022, tea cultivation in India spanned approximately 6.19 lakh hectares. The tea segment in India is valued at around ₹20,000 crores annually, and pest management is a critical component of this market. Mites constitute a major challenge for Tea estates.
The new product addresses a critical need, offering farmers a powerful solution to protect their crops in regions where these pests are most prevalent. States Tamil Nadu and Andhra Pradesh, Gujarat, Maharashtra, and Punjab, Assam and West Bengal, are expected to benefit from the introduction of this product.
The new formulation has the potential to cater to a significant share of this market, especially given the increasing demand for specialized crop protection solutions. Initial estimates suggest a market size of ₹200–₹300 crores for targeted pest management products in high value crops, offering a sustained growth opportunity for Best Agrolife Ltd. Initial sale estimates in the first year of introduction are estimated to be around ₹15 to ₹30 crores.
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