The global Organic Pesticides market size was US$ 166.1 billion in 2021. The global organic pesticides market is forecast to grow to US$ 598.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 12.1% during the forecast period from 2022 to 2030.
Factors Influencing the Market
The global agriculture sector is witnessing increasing government support in order to cater to the food demands of the growing population. As a result, it will primarily fuel the growth of the global organic pesticides market during the forecast period.
Rising awareness related to the adverse impact of synthetic pesticides on health is expected to surge the demand for organic pesticides in the coming years. Furthermore, growing research and development activities related to organic pesticides will also contribute to the market growth during the study period.
Upsurging demand for organic food products will drive the demand for organic pesticides. On the contrary, the high cost associated with the production of organic pesticides may limit the growth of the overall market during the forecast period.
Growing investments and strategies by industry players will benefit the global organic pesticides market during the forecast period. For instance, Orkin acquired Organic Pest Management Inc. in 2019, intending to expand its product portfolio. Moreover, this strategy will also strengthen the presence of Orkin in the organic pesticide business. Thus, such strategies will escalate the growth of the organic pesticides market throughout the analysis period.
COVID-19 Impact Analysis
The manufacturing of organic pesticides became challenging due to the work of the pandemic. Governments of various countries imposed strict regulations as a result of this global health emergency. As a result, manufacturing companies experienced a shortage of raw materials and labour. Thus, it declined the growth of the organic pesticides market. However, agriculture activities such as urban farming increased drastically. In addition, a sudden consciousness toward health increased the demand for organic pesticides.
Regional Analysis
North America is forecast to hold the highest share in the global organic pesticides market. It is majorly due to the stringent regulations restricting the use of synthetic pesticides. Furthermore, increasing demand for organic products and sustainable agriculture practices will contribute to the growth of the global organic pesticides market during the study period. The market for organic pesticides will also experience various growth opportunities due to the emergence of modern techniques driving the high adoption of organic pesticides in the region.
Competitors in the Market
Mark Organics
Andermatt Biocontrol AG
Parry America, Inc.
Certis U.S.A. L.L.C.
Future Bioscience S.A.
Nufarm
Bayer AG
BASF SE
Sikko Industries Ltd
Vision Mark Biotech
UPL LIMITED
Other Prominent Players
Market Segmentation
The global organic pesticides market segmentation focuses on Type, Crop, Mode of Application, and Region.
By Type
Natural
Synthetic
By Crop Type
Permanent
Arable
By Mode of Application
Seed Treatment
On-Farm
After Harvest
By Regional Outlook
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America