About The Industry

There are 30,000 species of harmful weeds, 3,000 species of deadly nematodes, 10,000 species of plant-eating insects and numerous dangerous fungus against which the crops have to fight for their survival. These harmful weeds, insects and fungi are commonly referred as pests. A study revealed that globally an average of 35 percent of the potential crop yield is lost to pests and diseases. Another study showed the loss of food production due to diseases, insects and weeds. Crop protection (CP) products commonly known as pesticides or agrochemicals are used to control the harmful pests. There are different categories of pesticides like insecticides for controlling insects, herbicides for managing weeds, fungicides for protecting the plants from various diseases. Besides controlling the deadly pests, some CP products have crop enhancement (CE) properties that enhance crops' vigour and improve flower and fruits settings ability, resulting in more yields. These chemistries also help the grains or fruits to become shinier and bolder and eventually facilitate the farmers to obtain better market price for their produces. Consumption of pesticides globally is about two million tonnes per year, according to a report. Of the amount, Europe alone consumes 45 percent, the US 25 percent and the rest of the world the remaining 30 percent. As for the types, Herbicides account for 48 percent of total pesticides appliedglobally, followed by insecticides at 30 percent and fungicides at 18 percent. China is the largest pesticide-consuming country in the world, followed by the US and Argentina. Statistics show that China also leads the table in per hectare pesticide usage with around 14.82 kg, followed by Japan at 11.85 kg. Pesticide consumption in per hectare of land in some of the other developed countries is: France 3.9 kg, Germany 3.8 kg, the UK 2.93 kg, Canada 1.45 kg, and the US 2.42 kg. In Bangladesh, it is about 1.86 kg. Total pesticide consumption in 2016 was about 35,000 tonnes, of which 14,000 tonnes were the active ingredients, according to data from the Bangladesh Crop Protection Association (BCPA). The CP industry is playing a critical role in the country's agriculture sector in terms of enhancing food production and thus contributing to the overall economy. The present market value of the industry is about $250 million. In the last ten years, the industry has experienced nearly 10 percent cumulative annual growth. It is expected to grow at a similar pace, if not better, since the country needs to boost its agriculture productivity to ensure food security for its increasing population. At present, there are about 350 companies working in the sector, employing roughly 25,000. Approximately 50,000 dealers across the country are involved in selling pesticides. Despite its significant contribution to the country's agriculture, the industry often fails to get due recognition; rather, wrong perceptions exist about pesticides in the minds of many. Sometimes, preservatives like formalin or chemicals like carbide are mixed up with agrochemicals. In agro-based industry, seeds are also sold in local market. Moreover, micronutrients fertilizer helps to increase productivity of the crops. But, the industry is highly regulated and governed by law of the land. Integrated Pest Management (IPM) is a well-recognized scientific means recommended by scientists and competent authorities to handle pest problems. It does endorse the usage of chemicals or pesticides along with other ways and means. Growers should be adequately trained on the safety measures to be taken during pesticide application to avoid any adverse impact. Another acute challenge for the sector is the counterfeit and adulterated products. Farmers often get cheated with fake chemicals. This is a highly technical sector that requires sound knowledge. To ensure judicious use of pesticide, there is no alternate to imparting the knowledge across the value chain, from the dealers to the farmers.

About the Issuer

Incorporation Incorporated as Private Limited Company on January 11, 2003 & vide reg. no. C-48102(86)/03
Converted Public Limited Company August 03, 2019
Commencement of Commercial Operation January 11,2003
Dhaka Liaison Office House # 36, (3rd Floor), Road # 02, Dhanmondi, Dhaka-1205
Registered Office Plot No: B-04, BSCIC Industrial Area, Kalampur, Dhamrai, Dhaka
Factory Plot No: B-04, B-03, S-7 & 8. A-08, A-07, B-13, BSCIC Industrial Area, Kalampur, Dhamrai, Dhaka
Nature of Business The principal activities of the company are manufacturing and marketing of agro products in the categories of insecticide, pesticide & certified seeds which are sold in local market.
Back ground of the Company The company namely “Mamun Agro Products Ltd.” was incorporated on January 11, 2003 vide registration no. C-48102(86)/03 as a private limited company in Bangladesh under the Companies Act, 1994 and converted as a public limited company vide EGM dated August 03, 2019.
Back to Top
Back to Top