Global Organic Pesticides Market

Global Organic Pesticides Market

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The Global Organic Pesticides market accounted for $115,171.2 million in 2017 and is
expected to reach $441,401.57 million by 2026 growing at a CAGR of 16.1% during
the forecast period. Organic pesticides include natural and synthetic pesticides, which
are used in accordance with the US Department of Agriculture’s Organic Foods
Production Act (OFPA). The demand for organic pesticides is rising as compared to
chemical pesticides due to their beneficial properties such as environmental
sustainability and increasing soil fertility in the long term. The promotion of organic
farming by various government authorities and associations and high demand for
organic products are driving the growth of the organic pesticides market. Increasing
adoption of organic farming practices in developing and emerging economies have
created opportunities for organic pesticide manufacturers. However, stringent
regulations for organic farming and high cost of organic pesticides are expected to
restrain the growth of the market during the review period.
Market Dynamics
The global organic pesticides market is expected to witness significant growth during
the forecast period. The demand for organic food & beverages and personal care,
nutraceutical, and pharmaceutical products is growing, which, in turn, is increasing the
adoption of organic farming. Consumers are willing to pay a premium price for healthy
food products. This is propelling the adoption of organic farming to meet the rising
demand. Growing inclination of farmers toward organic farming owing to the abovementioned factors has contributed to the growth of the market. However, the widespread
adoption of conventional farming practices is a major challenge inhibiting the adoption
of organic farming and organic pesticides. The global organic pesticides market has
been segmented on the basis of type, crop type, mode of application, and region.
Global Organic Pesticides Market Share, by Crop Type

Based on type, the market has been divided into natural and synthetic. The natural
segment dominated the market in 2018 and is estimated to expand at the highest CAGR.
Natural organic pesticides comprise bioinsecticides, biofungicides, bioherbicides, neem
oil, and others obtained from natural sources.
By crop type, the organic pesticides market is classified as cereals and grains, oilseed
and pulses, fruits and vegetables, and others. The fruits and vegetables segment
accounted for the largest market share of 50.32% in 2018 and is projected to expand at
the highest CAGR during the forecast period. Increase in the demand for organic fruits
and vegetables drives the growth of this segment.
In terms of mode of application, the market has been segregated into foliar, soil
treatment, seed treatment, and others. The foliar segment accounted for the largest
market share in 2018. However, the seed treatment segment is anticipated to expand at
the highest CAGR.
50.32%
fruits & vegetables
cereals & grains
oilseeds & pulses
others
Global Organic Pesticides Market Share, by Region, 2018 (%)

North America dominated the organic pesticides market and accounted for a share
of 36.05% in 2018. The US accounted for the largest share of the market in the region.
Rapidly growing vegan population and rising demand for organic food products have
significantly contributed to the growth of the market. The market in Asia-Pacific is
projected to register the highest CAGR during the forecast period. The rising adoption
of organic farming due to high demand for organic food and increasing concerns
regarding the use of harmful pesticides are propelling the growth of the organic
pesticides market in Asia-Pacific. China, India, and Australia & New Zealand are major
countries contributing to the growth of the market in the region.
https://www.marketresearchfuture.com/reports/organic-pesticides-market-6729

https://www.researchandmarkets.com/reports/5143690/organic-pesticide-market-by-product-natural#rela0-4744876

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