Pesticide holds an important position in the Indian chemical as well as agrochemical industry. Here in this article, we put a list of 15 profitable pesticide formulation business ideas for your ready reference.
Pesticides cater to a wide range of products. Additionally, different types of pesticides molecules are available for different purposes. The list of advantages includes crop protection, seed sterilization, grain storage protection, etc.
However, in India, pesticides are essential ingredients in agriculture. So there is a huge market demand for pesticides. And the demand for these items is increasing rapidly.
Pesticide manufacturing is a very large-scale operation with a lot of infrastructure and capital investment. We don’t recommend technical grade manufacturing for new entrepreneurs. However, on small scale, you can go for the pesticide formulation business
Things to Consider before Starting Pesticide Business
- First of all, do some market research. Talk to the farmers. Identify what items are the most popular in the market. And then figure out the molecules.
- It is advisable to start with at least 2 to 3 items to get better profitability of the unit.
- Next, apply for CIBRC (Central Insecticide Board & Registration Committee) registration for the selected molecules.
- You will need to apply in the right process to get permission.
- After getting the permission, contact the state Plant Protection Officers.
- Establish the factory premises with a laboratory. This is mandatory.
- Apply for the NOC from the Pollution Control Board. You have to take both ‘Consent to Establish’ and ‘Consent to Operate’ from the board.
- Apply for the commercial electricity, Trade License, and GST.
- Select the name of the products and register with Trademark
- Finally, procure the pesticide technical (raw Material) from the reliable source and start operation.
Here we put some of the major considerations for starting the business. However, there are a lot of other considerations that need to be handled carefully. In starting the operation, it is advisable to take expert’s advice for smooth starting and running the business.
List Of 15 Profitable Pesticide Formulation Business Ideas
Acephate is a versatile organophosphate insecticide with both contact and systemic action. It is particularly effective on severe infestations of sucking and chewing insects of tobacco, sugarcane, cotton, chilies, vegetables, fruits, and cereals.
Acetamiprid is a traditional and popular pesticide in India. The product has also domestic usage against bed bugs. The product has great popularity in the cotton field. It is an Insecticide belonging to the modern Neonicotinoid group of Insecticides.
Alphamethrin is a great item against the lepidopteran and sucking pest. The product is very popular among farmers. It comes in liquid form. It is a synthetic pyrethroid and has the capability of a quick knockdown effect.
Atrazine is effective in controlling the annual grasses and broad-leaved Weeds in Maize, Sugarcane, Sorghum, Coffee, Grape Vine, Oil Palm, Banana, Pineapple, and Guava. The commercial form of this item is wettable powder.
#5. Cartap Hydrochloride G
This item is effective for controlling Stem Borer, Leaf Folder, and Whorl Maggot of Rice. Additionally, the product has great demand in the market. Furthermore, you can offer the product with different formulations and percentages.
Chlorpyriphos is one of the highest-selling pesticides in our country. Additionally, the item is effective for controlling of different pests and insects. The list includes Fruit Borers, Stem Borers, and Leaf Eating Caterpillars in the Crops like Cotton, Pulses, Oilseeds, Rice, etc.
#7. Copper Oxychloride
Copper Oxychloride is one of the highest-selling fungicides in India. However, the product has the maximum demand in the winter season. Additionally, the product is effective in controlling diseases on the field, garden, and Plantation Crops.
Cypermethrin is a traditional item in the Indian pesticide industry. However, the item is effective in different formulations and percentages. Moreover, you have to select the molecules according to the present market demand.
Dimethoate is highly effective in controlling the sucking and caterpillar pests. Additionally, the product is highly compatible with other insecticides and fungicides.
Glyphosate is an effective weedicide worldwide. It is used to kill weeds, especially annual broadleaf weeds and grasses that compete with crops.
This is a very effective fungicide for chilies and potatoes. It controls the diseases in both preventive and curative action. However, you have to select the most popular formulation percentage of this product.
Mancozeb comes with the fungicide group. Also, it is a popular item among the farmers of paddy, wheat, chillis, and other field crops.
This is another popular weedicide in the Indian market. Farmers hugely apply this item to paddy after the transplantation.
#14. Sulphur 80WP
The product is effective in controlling powdery mildew of apple, grapes, cowpea, moong, urad, pea, chilies, okra, mango, and citrus; tikka leaf spot of groundnut and rust of pea crop.
Tricyclazole is another effective fungicide for several crops. Additionally, it effectively controls paddy both leaf blast & neck blast disease in all stages.
The pesticide industry in India is growing and almost every year we find upgraded molecules and formulations. So you must have an R&D department in your company. Additionally, you must concentrate on distribution, marketing, and sales promotion to get success in the pesticide business.
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Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.