Organic Pesticide Market Growth Focusing on Trends , Innovations during the Period Until 2031

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Organic Pesticide: Introduction

• Organic pesticides are naturally occurring substances that are used to control diseases and pests in plants. Organic pesticides are free from chemicals and are derived from natural sources such as minerals and botanicals. Herbicides, insecticides, fungicides, etc. are collectively known as pesticides.
• Organic pesticides are used to kill or inactivate target pests such as plant pathogens, insects, fungus, and nematodes that can cause damage to the yield and quality of crops. Organic pesticides are ideal alternatives to synthetic pesticides, as they are biodegradable, and thus cause less damage to the environment.

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Key Drivers and Restraints of Global Organic Pesticide Market

• Rise in organic farming is one of the important drivers of the organic pesticide market. Awareness about health is increasing among consumers. This is driving the preference for healthy and natural food products. In turn, this is anticipated to propel the demand for organic pesticides during the forecast period.
• Demand for organic products is rising across the globe. This is boosting the demand for organic farming. Therefore, demand for organic pesticides is estimated to increase as it offers crop protection.
• Governments of countries across various regions of the world are promoting organic farming. This is anticipated to fuel the organic pesticide market.
• High investment associated with organic farming is estimated to be a significant factor that can hamper the market during the forecast period. Besides this, reluctance to adopt modern farming methods among farmers is likely to hamper the adversely affect the market in the near future.

Organic Pesticide: Crop Type Segment

• Based on crop type, the organic pesticide market can be segmented into cereals & grams, oilseeds & pulses, fruits & vegetables, and others
• The fruits & vegetables segment dominates the market, as consumers are increasingly preferring organic food owing its positive health effects

COVID-19 Impact on Organic Pesticide Market

• On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
• Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
• Decrease in industrial activities due to the pandemic has been adversely impacting the global organic pesticide market

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Asia Pacific Dominates Organic Pesticide Market

• In terms of region, the global organic pesticide market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• The market in Asia Pacific is anticipated to expand at a fast paced CAGR during the forecast period. India, China, Australia, and Japan are projected to make notable contributions to the market in the region in the near future. Government of various countries in Asia Pacific are taking initiatives to enhance the adoption of organic pesticides. This is expected to create various opportunities for pesticide manufacturers in the region.
• Europe is expected to account for key share of the global market during the forecast period. Expansion of the market in the region can be ascribed to the growth in awareness about the benefits of organic pesticides.