ID: MRFR/AGR/5266-CR | September 2019 | Region: Global | 140 pages
Global Organic Pesticides Market is estimated to acquire a market value of USD 8,217.0 Million while expanding at a CAGR of 7.6% by 2025, evaluates Market Research Future (MRFR).
The strict measures taken during the COVID-19 period have brought a significant impact on the organic pesticides industry. The trade barriers have brought a negative impact on the market, thereby posing a significant challenge for organic pesticide manufacturers. However, various agriculture-based countries are focusing on the production and distribution of fertilizers that can mitigate losses incurred during the pandemic period. The outbreak of COVID-19 brought a major impact on the procurement of raw material, pricing, manpower availability, and supply chain and logistics.
Growing Awareness of Adverse Impact of Synthetic Pesticides to Boost the Market
The increasing awareness about the adverse impact of synthetic pesticides on agriculture is expected to be a significant factor that can drive the market during the forecast period. The growing research and development and the rising awareness about the benefits of organic pesticides are other salient factors that can augment the market in the forecast period. Various policies implemented by the government of several countries are expected to be an essential factor that significantly aids the market expansion. Also, the rising inclination of farmers towards the application of organic farming due to its benefits is predicted to aid in the market expansion.
Growing Interest of Investors to Offer Significant Opportunities for Market Expansion
The growing public-funded programs and increasing investors for funding research of organic pesticides are salient factors that can pose significant opportunities for the market expansion during the projection time.
High Cost of Product to Hinder the Market
The high expenses associated with organic farming are estimated to be a significant factor that can grow the market during the forecast period. Besides, the reluctance to adopt the modern farming method among farmers is another salient cause that is expected to hamper the market growth.
Lack of Practical Experience for Organic Pesticides to Pose a Significant Challenge
The limited evidence and lack of practical experience for organic pesticides are expected to be a significant factor that is likely to pose a challenge that may hamper the market growth during the review period.
MRFR asserts that the global organic pesticides market can experience significant growth while expanding at a CAGR of 7.6% during the forecast period. The expansion of the market can be attributed to the growing awareness about the benefits of pesticides.
By Crop Type
In the crop type segment of the global organic pesticides market, the fruits and vegetable segment is anticipated to expand at the highest CAGR during the review time. The segment had also acquired the largest market share of 50.32% in 2018. The expansion of the segment can be attributed to the increasing demand for organic fruits and vegetables.
In the type segment of the global organic pesticides market, the natural segment is expected to acquire the highest CAGR during the forecast period. The segment also dominated the market in 2018.
In the application segment of the global organic pesticides market, the foliar segment had acquired the largest market share in 2018. However, the seed treatment segment is anticipated to expand at the highest CAGR during the forecast period.
APAC to Record the Highest CAGR During the Forecast Period
APAC is anticipated to record the highest CAGR during the forecast period. The increasing demand for organic pesticides owing to its benefit is expected to be a significant factor that can drive the market during assessment tenure. The growth-centric nation such as; India, China, Australia, and Japan are projected to make a notable contribution in augmenting the market in the region. Besides, the government of the growth-centric nations is taking several initiatives to enhance the adoption of organic pesticides, which is expected to create various opportunities in the market for pesticide manufacturers.
North America to Account for the Largest Market Share
North America is expected to acquire the largest market share during the forecast period. The expansion of the regional market can be attributed to the growing awareness about the benefits of organic pesticides. The increasing adoption of organic pesticides due to the emergence of modern techniques is anticipated to be another significant factor in the regional market during projection tenure. Among all, the U.S. is expected to acquire the largest market share during the review period.
Europe to Procure Significant Market Share
Europe is expected to procure a significant market share during the forecast period. The expansion of the regional market can be attributed to the growing awareness about the benefits of organic pesticides.
The majority of players are adopting various strategies like collaborations, mergers, acquisitions, and more to gain the upper hand in the market while also focusing on expanding their consumer base. The growing launch of new products and the number of new players entering the market will make the market more competitive. The renowned players in the market are focusing on modernized pesticide manufacturing technologies to cater to the growing demand, which will accelerate the market competition.
List of Key Companies Covered in the Report
January 2021- As per the report by the German Federal Officer for Consumer Protection and Food Safety (B.V.L.), Germany and Denmark have recorded low pesticide residue findings on food. The result was based on 20,283 food samples as a part of official controls in 2019.
January 2021- Driscoll has harvested the first blueberries grown by the farm in the process of converting to organic practices. The blueberries are free from pesticides, additive-free and non-GMO.
Primary challenges, barriers, and drivers that affect the growth of the global organic pesticides market along with key segments along with regions and the top vendors are listed in the MRFR report. The report also comprises the impact of the COVID-19 outbreak. The report consists of market segmentation along with the latest business scenario covering the market size, overview, and other crucial parameters of the market. Besides, the well-known vendors and the top strategies followed by them to stay competitive in the industry have also been highlighted in the report.
Global Organic Pesticides Market, By Type
Global Organic Pesticides Market, By Crop Type
Global Organic Pesticides Market, By Application
Frequently Asked Questions (FAQ) :
Organic Pesticides Market is expected to reach USD 8.2 billion by 2025.
Organic Pesticides Market is expected to exhibit a strong 7.6% CAGR over the forecast period from 2019 to 2025.
Growing awareness about the adverse effects of chemical-based pesticides is the major driver for the Organic Pesticides Market.
North America dominates the Global Organic Pesticides Market.
Leading players in the Organic Pesticides Market include Andermatt Biocontrol, Bayer, and Nufarm, among others.