According to Acumen Research & Consulting, the Global Organic Pesticides Market size was worth USD 226.3 Billion in 2021 and is projected to be worth around USD 631.4 Billion by 2030, growing at a CAGR of 12.3% in the coming years
Organic Pesticides Market Overview
Organic pesticides are made from natural sources and are less toxic to humans, animals, and the environment than synthetic pesticides. Because organic pesticides do not contain harmful chemicals that can harm soil, they can aid in the maintenance or improvement of soil health. Organic pesticides have no negative effects on beneficial insects or other organisms, so they can contribute to increased biodiversity in the ecosystem. Furthermore, organic pesticides are less likely to induce pest resistance, implying that they will be more effective over time.
Growing awareness of the advantages of organic farming, such as improved soil health, biodiversity, and ecosystem services, is opening up significant growth opportunities for the organic pesticides market value. Furthermore, technological advancements are enabling the development of new and more potent organic pesticides, which is aiding the market growth.
Organic Pesticides Market Statistics
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Organic Pesticides Market Dynamics
Global warming and climate change is a key concern that has shifted growers' focus toward organic raw materials and end products. Climate change and global warming are affecting crop yields and farmers are more likely to adopt organic farming practices to mitigate the effects of climate change and to increase the resilience of their farms. This factor is primarily driving the global organic pesticides market share.
Consumers are becoming more conscious of the environmental impact of their purchasing decisions, and are increasingly choosing natural and eco-friendly products, including organic pesticides. This factor is again propelling the industry growth and is expected to do so in the forthcoming years.
However, climate and weather, as well as limited shelf life, are some of the factors that may limit the market growth. Climate and weather can reduce the effectiveness of organic pesticides in certain conditions. In addition to that, organic pesticides have a shorter shelf life than synthetic pesticides, making them less convenient to use for farmers.
Significant Demand in On-Farm Application Escalates the Organic Pesticides Market Size
The rising cost of synthetic pesticides, which can be a significant expense for farmers, is one of the main reasons for the growing demand for on-farm organic pesticides. In addition, farmers are becoming more aware of the negative environmental impact of synthetic pesticides and are looking for more sustainable alternatives.
On-farm organic pesticides can also assist farmers in reducing their reliance on chemical inputs and increasing self-sufficiency, which can be advantageous for small-scale farmers or farmers in developing countries. Furthermore, rising government support and restrictions for organic farming, such as subsidies and financial assistance, as well as the growing trend of organic farming, is driving demand for on-farm organic pesticides.
Organic Pesticides Market Segmentation
The global organic pesticides market is categorized into product type, crop type, application, and geography.
Organic Pesticides Market Share
According to the organic pesticides market forecast, the natural product type sub-segment is expected to dominate the market from 2022 to 2030. However, the synthetic product type sub-segment is anticipated to witness a moderate growth rate in the forthcoming years.
Based on crop type, the arable sub-segment gathered the maximum revenue in 2021. On the other hand, the permanent crop type will witness a noteworthy CAGR throughout the forecast timeframe.
According to the organic pesticides industry analysis, the on-farm sub-segment is gaining significant prominence, whereas seed treatment and after-harvest are growing gradually in the current scenario.
Organic Pesticides Market Regional Outlook
North America dominated the market in terms of share in 2021, and the region is expected to grow at the fastest rate in the coming year from 2022 to 2030. Growing health concerns, a vegan population, tighter regulations, and an increase in demand for organic food products will drive up demand for organic pesticides. The United States Environmental Protection Agency (EPA) and the Food Quality Protection Act (FQPA), for example, have mandated that all pesticides used on crops in the country meet stringent safety standards.
Additionally, the organic pesticide market in Europe is being driven by rising demand for organic products, stringent regulations, and increased awareness of the benefits of organic farming. The European Union is the region's largest contributor to market growth.
Furthermore, due to the presence of many agricultural countries such as China, India, Japan, Thailand, Vietnam, Bangladesh, and Myanmar, the Asia-Pacific region is expected to experience the fastest growth rate.
Organic Pesticides Market Players
Some prominent organic pesticides companies covered in the industry are Andermatt Biocontrol Ag, Bayer Cropscience, Arysta Lifescience, Dow Agrosciences, Parry America, Certis USA L.L.C., Mark Organic, Dupont, Monsanto, and Sikko Industry Ltd.
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Mr. Frank Wilson
Acumen Research and Consulting