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The organic pesticides market share is expected to increase to USD 4.48 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.02%.
This organic pesticides market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers organic pesticides market segmentations by crop type (arable and permanent) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The organic pesticides market report also offers information on several market vendors, including Andermatt Group AG, BASF SE, Bayer AG, Futureco Bioscience SA, Mitsui and Co. Ltd., Nufarm Ltd., Sarasota Green Group LLC, Sikko Industries Ltd., Spectrum Brands Holdings Inc., UPL Ltd., and Vision Mark Biotech among others.
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The growing interest in organic products is notably driving the organic pesticides market growth, although factors such as organic crops harmful to other animals may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the organic pesticides industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Organic Pesticides Market Driver
The growing interest in organic products is one of the factors driving the organic pesticides market growth. Fundamentally, organic crops and crop-based foods contain a high level of antioxidants, such as polyphenolics, of 19%-68%, besides lower concentrations of cadmium (Cd) and a lower incidence of pesticide residues than non-organically or conventionally grown crops. Meanwhile, these antioxidants reduce the risk of chronic diseases, including neurodegenerative and cardiovascular diseases and certain types of cancers among people who consume organically produced. At the same time, there are low levels of toxic metals and minerals found in organic crops. Such factors have increased the interest of consumers in organic products and thereby driving the organic pesticides market growth.
Key Organic Pesticides Market Trend
New product launches is one of the key organic pesticide market trends fueling the market growth. The demand for organic pesticides is growing among farmers to reduce crop damage due to pest attacks. Pest attacks are one of the major factors that lead to the loss of agricultural crops. This has encouraged many market vendors to expand their product portfolios by launching new variants of organic pesticides. For instance, in October 2021, Corteva, Inc. launched a new organic insecticide called Entrust Organic for the Australian market to ensure sustainable agricultural production. The product not only has organic certification but also offers a favorable environmental profile and selectivity to key beneficial insects. Such new product launches will fuel the organic pesticides market growth during the forecast period.
Key Organic Pesticides Market Challenge
Organic crops harmful to other animals is one of the factors impeding the organic pesticides market growth. Though organic pesticides are considered to be non-toxic to people. However, they may be very toxic to animals or insects. Some organic pesticides may be toxic to beneficial insects, such as honeybees, if they are combined with other substances, such as combining pyrethrins with rotenone. Therefore, many farmers prefer the rotation of cover crops. Moreover, a balanced relationship between agricultural hosts and predators supports farming, while the use of composted manure allows farmers to maintain the fertility of the soil. Such factors will hinder the adoption of organic pesticides during the forecast period.
This organic pesticides market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the organic pesticides market encompasses successful business strategies deployed by the key vendors. The organic pesticides market is fragmented and the vendors are deploying growth strategies such as product quality, reliability, delivery cycle time, and geographical presence to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The organic pesticides market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Crop Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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