Organic Pesticides Market Competition | Size, Value Demand and Forecast
Research Reports
Jan 15, 2021
Market Overview
Organic Pesticides consist of natural and synthetic pesticides that are used for increasing the soil fertility and for environmental sustainability. It is mostly used during the cultivation of organic food and other related agricultural crops. These pesticides are used in accordance with the US Department of Agriculture’s Organic Foods Production Act. The promotion and endorsement of organic farming via various government authorities and organizations is due to the beneficial properties of organic pesticides that take into consideration the food safety issues and other parameters.
The organic pesticides are being adopted increasingly in the emerging economies and it has created opportunities for the manufactures. There is a high demand for organic food and beverages, personal care products, nutraceutical and pharmaceutical products that are growing and are increasing the adoption of organic farming. The consumers are ready to invest in premium healthy food products that are propelling the growth of the organic pesticides market.
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Industry News
Andermatt Biocontrol, a Swiss based company, has taken over 22% of the shareholding stakes in Agricheck SRL, an Argentinian company that is the leading provider of biological solutions. Both the companies are working on strengthening the collaboration and enabling them to invest in the development of a strong portfolio for providing biological solutions to its customers.
Key Players
The prominent players in the Global Organic Pesticides Market include Andermatt Biocontrol AG (Switzerland), Parry America, Inc. (US), Certis USA L.L.C. (US), Futureco Bioscience SA (Spain), Nufarm (Australia), Bayer AG (Germany), BASF SE (Germany), Sikko Industries Ltd. (India), Vision Mark Biotech (India), and UPL LIMITED (India). The international players are expanding their presence worldwide through strategic product launches, partnerships, mergers & acquisitions, and expansions.
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Regional Analysis
As per the market report, North America dominates the Covid-19 Analysis on Organic Pesticides Market and it accounts for a share of 36.05% in the year 2018. The US accounts for the largest share with the rapid growth in vegan population and the rising demand for organic food products that is also contributing to the growth of the organic pesticides market. The Asia-Pacific market is projected to register the highest CAGR for the forecast period. The rise in the adoption of organic farming and the increasing concerns regarding the use of harmful pesticides in some developing economies is propelling the growth of the global organic pesticides market.
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