Botanical pesticides are these natural extracts that are derived from various parts of plants and are usually used to combat various pests like insects and weeds. The botanical pesticide segment is actually part of the broader biological crop protection market. These pesticides are gaining prominence in modern agriculture with an increase in the need for environmentally sustainable agrochemicals and also a rise in Integrated Pest Management (IPM) practices. Botanical pesticides are target specific and are less harmful to non-target pests. Botanical pesticides are those naturally occurring chemicals that are extracted from minerals or plants, which helps to protect crops and organic food production from insects.
MARKET DYNAMICS
The botanical pesticide market is now witnessing strong demand as these pesticides are used to avoid natural pollination. The rise in the development of organic farming in developed and developing countries and a surge in the consumption of herbal and Ayurvedic medicine are expected to drive market growth. Botanical pesticides are now being used as a sustainable alternative in conventional pest control products, which is expected to boost market growth. As there is an increase in awareness among the farmers about the advantages of botanical pesticides and also the concern over consumer demand for the safe product is going to drive the botanical pesticide market. Furthermore, there has been an increased promotion by environmentalists, and growth in regulations over internationally traded foods further enhances the marketing and utilization of sustainable pesticides. However, the presence of regulatory barriers and the availability of competitive & cost-effective pesticidal products are expected to hinder the growth.
MARKET SCOPE
The "Global Botanical Pesticides Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the botanical pesticides market with detailed market segmentation by type, active substance, crop type and geography. The global botanical pesticides market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading botanical pesticides market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global botanical pesticides market is segmented on the basis of type, active substance and crop type. On the basis of type the market is segmented into insecticides, herbicides, fungicides and others. On the basis of active substance the market is segmented into nicotine, pyrethrin, rotenone, matrine, and azadirachtin. On the basis of crop type the market is segmented into vegetables & fruits, oilseeds & pulses, and turfs & ornamentals.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the botanical pesticides market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The botanical pesticides market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting botanical pesticides market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive sPEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting botanical pesticides market in these regions.
MARKET PLAYERS
The reports cover key developments in the botanical pesticides market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from botanical pesticides market are anticipated to lucrative growth opportunities in the future with the rising demand for botanical pesticides in the global market. Below mentioned is the list of few companies engaged in the botanical pesticides market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the botanical pesticides market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Isagro SPA
- BioWorks Inc
- Sumitomo Chemical Co., Ltd.
- Arysta Lifescience Limited
- Koppert B.V.
- Bayer AG
- BASF SE
- The Dow Chemical Company
- Certis U.S.A. LLC
- Volkschem Crop Science Pvt. Ltd.
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