Best Agrolife Ltd Announces Launch of New Insecticide ‘Nemagen’
19 June 2024, New Delhi: Best Agrolife Ltd has received the 9(3) Formulation Indigenous Manufacture (FIM) registration for an under-patent formulation. The company is gearing up to launch this product in July under the brand name ‘Nemagen’.
In recent years, lepidopteran pests have expanded their host range and developed resistance to existing pesticides. Consequently, these pests have caused 30-50% crop damage and substantial economic losses, highlighting an urgent need for advanced insecticide solutions.
Nemagen, a highly effective broad-spectrum insecticide, is formulated with a unique technical combination of Chlorantraniliprole, Novaluron, and Emamectin Benzoate. This combination offers exceptional control over a wide array of pests, particularly targeting lepidopteran pests such as shoot and fruit borers, and also proving effective against Coleoptera and Diptera pests.
With the expansion of lepidopteran pests causing significant crop damage, Nemagen addresses a critical need in the agricultural market, promising substantial demand. The market size for this segment is approximately ₹6300cr and Best Agrolife will capture a share of ₹500cr out of it in the first two years. Its versatility allows for application at various stages of crop growth, making it suitable for use on vegetables, field crops, fruit crops, and pulses.
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