Publishing: May 2021 | Report Code: CM11798 | Available Format: PDF
Organic Pesticides Market Overview
Organic pesticides are natural or plant-derived agents, which are used for pest control. These pesticides serve as an alternative to the toxic chemical pesticides, which have adverse effects on plant and human health.
On the basis of type, the global organic pesticides market has been categorized into microbial, botanical, mineral, and others. Microbial pesticides are produced from microbial agents, such as bacteria, fungi, algae, viruses or protozoans, while botanical pesticides are derived from plants, such as azadirachta indica (neem), rotenone, and sabadilla. Mineral pesticides include sulfur and lime–sulfur, while the others category comprises biochemical pesticides and vegetable oil.
Geographically, the organic pesticides market has been categorized into North America, Europe, Latin America (LATAM), Asia-Pacific (APAC), and Middle East & Africa (MEA). There are stringent regulations regarding the usage of chemical-based pesticides in North America. Under the Food Quality Protection Act (FQPA), the U.S. Environmental Protection Agency (EPA) has mandated that all pesticides used on crops in the country meet its stringent safety standards. Owing to such stringent regulations in the region, the adoption of organic pesticides is likely to witness a fast-paced growth in the coming years.
Organic pesticides Market Dynamics
With the increasing awareness about the harmful effects of chemical pesticides on plant and human health, the demand for organic pesticides has witnessed an increase in the recent past. Hence, with the shift in the preference from chemical-based pesticides, the demand for organic pesticides is likely to increase, owing to the latter’s non-toxic nature. Such factors are expected to provide a boost to the organic pesticides market during the forecast period (2020–2030).
Although organic pesticides are bio-based and do not have as adverse effect as that of chemical-based pesticides, they do not offer the same level of crop protection, as provided by chemical pesticides. In addition, these are costlier than chemical pesticides, owing to which farmers would likely not prefer shifting to organic pesticides. Moreover, organic pesticides have a low concentration of nutrients, which may affect the yield, as well as increase the cost of producing the crops. Such factors are expected to hinder the organic pesticides market growth to a certain extent during the forecast period.
The market for organic pesticides holds a strong potential for growth, particularly in the European region. This is attributable to the stringent environmental regulations in the European Union (EU) regarding the usage of chemical pesticides. For instance, in December 2019, the EU implemented a ban on the usage of brain-damaging insecticides. The Union voted to ban the neurotoxic insecticides, chlorpyrifos and chlorpyrifos-methyl, beginning February 1, 2020. This, in turn, is expected to serve as an opportunity for the organic pesticides market during the forecast period.
Organic pesticides Market Competitive Landscape
Some of the leading players in the global organic pesticides market are Andermatt Biocontrol AG, Bayer AG, BioWorks Inc., Certis USA L.L.C., Corteva Inc., Parry America Inc., Koppert Biological Systems, Sikko Industries Ltd., and Som Phytopharma (India) Ltd.
Segmentation of the Global Organic Pesticides Market
The research offers market size of the global organic pesticides market for the period 2014–2030.
Market Segmentation by Type
Market Segmentation by Geography
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