Press Release: April 01, 2020
The Global Organic Pesticides Market is expected to register a CAGR of 7.6% and reach USD 8,217.0 Million by 2025. Organic farming is a method of crop cultivation that prohibits the use of chemical pesticides, fertilizers, genetically modified organisms, antibiotics, and growth promotors, among others. Organic pesticides are crop protection products which are used during organic farming to control crop losses due to pest attacks. These are natural and synthetic pesticides that need to be used in accordance with the guidelines provided by the US Department of Agriculture’s Organic Foods Production Act (OFPA).
High consumer preference for organic food is increasing organic farming, and thus the use fueling the use of organic pesticides. Governments in various countries are promoting organic farming and taking various initiatives for the same. The growing environmental concerns and rising demand for sustainable food production are major factors influencing the adoption of organic farming and the use of organic pesticides. However, farmers are inclined toward conventional farming for high yield and immediate output, which is a major factor challenging the organic pesticides manufacturers.
The Global Organic Pesticides Industry has been segmented on the basis of type, crop type, mode of application, and region.
Based on type, the market has been bifurcated into natural and synthetic. The natural segment accounted for a larger market share in 2018. The rise in safety concerns regarding the use of pesticides is fueling the adoption of natural organic pesticides, which are considered safe. Therefore, the segment is anticipated to expand at a faster growth rate during the forecast period.
In terms of crop type, the global organic pesticides market has been categorized as cereals and grains, oilseed and pulses, fruits and vegetables, and others. Fruits and vegetables is expected to remain the largest and the fastest-growing segment of the market during the forecast period. Heavy losses for fruit and vegetable farmers and growers due to pests attacks have increased the use of organic pesticides. The increase in the demand for and cultivation of organic fruits and vegetables drives the growth of this segment.
Based on mode of application, the market has been classified as foliar, soil treatment, seeds treatment, and others. The foliar segment is expected to dominate the market as foliar reduces the costs associated with labor owing to the ease in application and helps save time. Seed treatment helps prevent wastage of injured and diseased seed, as they can be used after proper treatment. Therefore, the segment is expected to register the highest CAGR of 7.8% during the forecast period.
Market Research Future recognizes Andermatt Biocontrol AG (Switzerland), Parry America, Inc. (US), Certis USA L.L.C. (US), Futureco Bioscience SA (Spain), Nufarm (Australia), Bayer AG (Germany), BASF SE (Germany), Sikko Industries Ltd. (India), Vision Mark Biotech (India), and UPL LIMITED (India) as the key players in the global organic pesticides market.
By region, the global organic pesticides market has been segregated into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, North America dominated the global market, accounting for the largest share in 2018. The rise in demand for organic food and food products has increased the need for biopesticides. This, in turn, fuels the growth of the organic pesticides market. However, the market in Asia-Pacific is expected to register the highest CAGR of 7.9% during the assessment period.
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