Covid-19 Analysis On Organic Pesticides Market Research, Competitor Strategy, Industry Trends

By Author: Nikhil khadilkar
Total Articles: 431
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Market Overview

The Global Organic Pesticides Market is expected to register a CAGR of 7.6% and reach USD 8,217.0 Million by 2025. The market includes pesticides used during the cultivation of organic food. 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.

Market Dynamics

The Global Covid-19 Analysis on 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 above-mentioned ...
... factors has contributed to the growth of the market.

Segmentation

The global organic pesticides market has been segmented on the basis of type, crop type, mode of application, and region.

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.

Regional Analysis

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.

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Impact of Covid-19 Outbreak on Organic Pesticides Market

The Covid-19 pandemic has impacted the agricultural supply chain as many countries are under lockdown and have sealed their borders to curb the spread of the virus. As the global economy struggles with the pandemic situation, its impact on the global trade and supply chain is growing owing to the rapid weakening of global investment flows. Strict containment measures imposed by governments of various countries and preventive measures to control the impact of the outbreak have led to a significant restriction in transportation, driving a knock-on effect globally. This trend is expected to continue owing to the uncertainty in the global market and measures to address the supply/demand imbalance.

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