Global Botanical Pesticides Market - 2023-2030
Global Botanical Pesticides Market reached US$ 569.7 million in 2022 and is expected to reach US$ 1,127.0 million by 2030, growing with a CAGR of 8.9% during the forecast period 2023-2030.
The global botanical pesticide market has witnessed significant growth and transformations over the years. Farmers are highly adopting these botanical pesticides are they are derived from plants, they are commonly known as natural insecticides. Hence, such factors can help in driving the global botanical pesticides market.
Furthermore, as the demand for these products is rising, manufacturing companies are focusing on this product with a wide range of applications. For instance, in December 2022, STK bio–ag technologies launched STK Yardenbotanical-based fungicide, a mixture of Tea Tree Oil (TTO) and Fludioxonil. The product has been approved in Turkey for citrus as post-harvest protection from rot disease, such as Penicillium spp., in tomatoes for the controlling of Botrytis Cinerea. Hence, such products can help in increasing market growth.
The botanical fungicide accounts for the maximum share of the global market, similarly the Asia-Pacific region remains the dominant force in the global botanical pesticides market. As the demand for organic products is high in this region, also the government in this region provides some initiatives that can help in increasing the market growth.
Dynamics
Rising Interest in Organic Agricultural Products
Farmers and consumers are highly adopting organic agriculture products, which significantly help in driving the global botanical pesticides market. As they are organic and natural pesticides that are derived from plants and minerals, that have naturally occurring defensive properties. Also, they do not release toxins as they decompose. Hence, such factors can help in increasing the market growth.
Furthermore, manufacturers are highly investing in this product. For instance, in March 2020, Idai Nature and Oroagri reached an agreement to commercialize Orocide in Spain and Portugal. It is a phytosanitary biocontrol product obtained from orange oil with both fungicide and insecticide activity that combat pests and diseases such as powdery mildew, mites, or whiteflies efficiently and sustainably. Hence, such products can help in increasing market growth.
Stringent Government Regulations on Chemical Pesticides
The government has imposed some regulations on chemical pesticides and insecticides to reduce their toxicity for humans and animals. For instance, The government of India has imposed the Insecticide Act of 1968 governs the import, manufacture, sale, transportation, distribution, and use of pesticides to reduce the risk of harm to people or animals, as well as other related issues.
Furthermore, these regulations can help in increasing the demand for botanical pesticides, as they are considered organic pesticides as they are derived from plants and other minerals, they are easily biodegradable and considered to be safe for humans and animals. Hence, such factors can help in increasing the market growth.
High Product Cost
The high product cost of botanical pesticides is indeed a significant restraint for the botanical pesticides market. The extraction of active compounds from plant sources can be a labor-intensive process and also requires special equipment which can contribute to higher production costs. Specialized equipment and skilled labor are often required for efficient extraction.
Segment Analysis
The global botanical pesticides market is segmented based on type, active substance, crop type, source, form, distribution channel, mode of application, application, and region.
Increase in Demand for Effective Pest Management
The fungicide can be used in a wide range of crops, as they are derived from natural plant sources, easily biodegradable than many synthetic, helps in effectively controlling fungal diseases in plants, also often leave lower residues on crops. Also, the use of these fungicides an integrated disease management strategy can help reduce the development of resistance in fungal populations.
Furthermore, as the demand for these products is increasing among consumers, manufacturers are launching innovative products in their portfolios, to expand their market sizes. For instance, in May 2020, Summit Agro USA announced Regev, is the first hybrid fungicide for US agriculture. Regev contains tea tree oil and difenoconazole to offer growers of a variety of crops effective disease control while reducing chemical usage and enhancing plant growth and yield. Hence, such products can help in increasing the popularity of these botanical pesticides.
Geographical Penetration
Organic Farming, and Government Initiatives
Asia-Pacific has been a dominant force in the global botanical pesticide market and its significant growth. As organic farming and production are high in this region, farmers are highly adopting these botanical pesticides, as they are derived from plants, they show fewer residues on the crops which makes them a safer option for both farmers and consumers.
Furthermore, the demand for organic farming is increasing, for instance, according to the National Programme for Organic Production (Npop) of 2022-23, the organic cultivation area of India is 1764677.15 Ha, and the production of organic products in India is 2664679.54 MT. Hence, the boosting demand for organic products can help in increasing the market for botanical pesticides.
Additionally, the government in this region also provides some schemes to help the farmers adopt these botanical pesticides and to promote the bio-pesticides and fertilizers market. For instance, the government of India has provided a ParamparagatKrishiVikasYojana (PKVY), assistance of Rs. 50,000 per hectare for 3 years is provided, out of which 31,000 INR (62%) is given to the farmers directly through DBT, for inputs (bio-fertilizers, bio-pesticides, vermicompost, botanical extracts, and others) production/ procurement, post-harvest management, and others.
Competitive Landscape
The major global players in the market include BioWorks, Inc., Sumitomo Chemical India ltd, Arysta Life Science Corporation, Koppert, BASF SE, Certis USA L.L.C, Volkschem Crop Science Pvt. Ltd, Gowan Company, L.L.C, Rallis India Limited, and T.Stanes and Company Limited.
COVID-19 Impact Analysis
By Type
• Herbicides
• Insecticides
• Fungicides
• Others
By Active substance
• Nicotine
• Pyrethrin
• Rotenone
• Matrine
• Azadirachtin
• Others
By Crop Type
• Vegetables and fruits
• Oilseeds and pulses
• Turfs and ornamentals
• Others
By Source
• Pyrethrum
• Rotenone
• Limonene and Linalool
• Neem
• Sabadilla
• Nicotine
• Karanj
• Mahua
• Sweet flag
• Others
By Form
• Powder
• Spray
• Liquid
By Distribution Channel
• Hypermarkets/Supermarkets
• Specialty Stores
• Others
By Mode of Application
• Foliar Spray
• Soil Treatment
• Trunk Injection
By Application
• Agriculture
• Viticulture
• Horticulture
• Others
By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• In March 2021, Botanical Solution Inc. (BSI) and Syngenta reached an agreement to commercialize BSI's, first product in Peru and Mexico. The two companies have already commercialized successfully the product in Chile under the trade name BotriStop.This innovative product is based on the extract of Quillaia saponaria Molina, a plant native to Chile.
• In March 2022, MGK, a subsidiary of Sumitomo Chemical Company, announced the purchase of the DeBug, brand of neem products from Agro Logistic Systems, Inc. The DeBug products are an excellent addition to MGK's current botanical portfolio, which includes its legacy brands, Pyganic and EverGreen.
Why Purchase the Report?
• To visualize the global botanical pesticides market segmentation based on type, active substance, crop type, source, form, distribution channel, mode of application, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of botanical pesticides market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global botanical pesticides market report would provide approximately 101 tables, 120 figures, and 186 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Type
- 3.2. Snippet by Active substance
- 3.3. Snippet by Crop Type
- 3.4. Snippet by Source
- 3.5. Snippet by Form
- 3.6. Snippet by Distribution Channel
- 3.7. Snippet by Mode of Application
- 3.8. Snippet by Application
- 3.9. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Rising Interest in Organic Agricultural Products
- 4.1.1.2. Stringent Government Regulations on Chemical Pesticides
- 4.1.2. Restraints
- 4.1.2.1. High Product Cost
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Herbicides*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Insecticides
- 7.4. Fungicides
- 7.5. Others
- 8. By Active substance
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Active substance
- 8.1.2. Market Attractiveness Index, By Active substance
- 8.2. Nicotine*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Pyrethrin
- 8.4. Rotenone
- 8.5. Matrine
- 8.6. Azadirachtin
- 8.7. Others
- 9. By Crop Type
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 9.1.2. Market Attractiveness Index, By Crop Type
- 9.2. Vegetables and fruits*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Oilseeds and pulses
- 9.4. Turfs and ornamentals
- 9.5. Others
- 10. By Source
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 10.1.2. Market Attractiveness Index, By Source
- 10.2. Pyrethrum*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Rotenone
- 10.4. Limonene and Linalool
- 10.5. Neem
- 10.6. Sabadilla
- 10.7. Nicotine
- 10.8. Karanj
- 10.9. Mahua
- 10.10. Sweet flag
- 10.11. Others
- 11. By Form
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.1.2. Market Attractiveness Index, By Form
- 11.2. Powder*
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 11.3. Spray
- 11.4. Liquid
- 12. By Distribution Channel
- 12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.1.2. Market Attractiveness Index, By Distribution Channel
- 12.2. Hypermarkets/Supermarkets*
- 12.2.1. Introduction
- 12.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 12.3. Specialty Stores
- 12.4. Others
- 13. By Mode of Application
- 13.1. Introduction
- 13.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
- 13.1.2. Market Attractiveness Index, By Mode of Application
- 13.2. Foliar Spray*
- 13.2.1. Introduction
- 13.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 13.3. Soil Treatment
- 13.4. Trunk Injection
- 14. By Application
- 14.1. Introduction
- 14.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 14.1.2. Market Attractiveness Index, By Application
- 14.2. Agriculture*
- 14.2.1. Introduction
- 14.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 14.3. Viticulture
- 14.4. Horticulture
- 14.5. Others
- 15. By Region
- 15.1. Introduction
- 15.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 15.1.2. Market Attractiveness Index, By Region
- 15.2. North America
- 15.2.1. Introduction
- 15.2.2. Key Region-Specific Dynamics
- 15.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 15.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Active substance
- 15.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 15.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 15.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 15.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 15.2.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
- 15.2.10. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 15.2.11. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 15.2.11.1. U.S.
- 15.2.11.2. Canada
- 15.2.11.3. Mexico
- 15.3. Europe
- 15.3.1. Introduction
- 15.3.2. Key Region-Specific Dynamics
- 15.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 15.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Active substance
- 15.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 15.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 15.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 15.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 15.3.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
- 15.3.10. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 15.3.11. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 15.3.11.1. Germany
- 15.3.11.2. UK
- 15.3.11.3. France
- 15.3.11.4. Italy
- 15.3.11.5. Russia
- 15.3.11.6. Rest of Europe
- 15.4. South America
- 15.4.1. Introduction
- 15.4.2. Key Region-Specific Dynamics
- 15.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 15.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Active substance
- 15.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 15.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 15.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 15.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 15.4.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
- 15.4.10. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 15.4.11. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 15.4.11.1. Brazil
- 15.4.11.2. Argentina
- 15.4.11.3. Rest of South America
- 15.5. Asia-Pacific
- 15.5.1. Introduction
- 15.5.2. Key Region-Specific Dynamics
- 15.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 15.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Active substance
- 15.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 15.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 15.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 15.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 15.5.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
- 15.5.10. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 15.5.11. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 15.5.11.1. China
- 15.5.11.2. India
- 15.5.11.3. Japan
- 15.5.11.4. Australia
- 15.5.11.5. Rest of Asia-Pacific
- 15.6. Middle East and Africa
- 15.6.1. Introduction
- 15.6.2. Key Region-Specific Dynamics
- 15.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 15.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Active substance
- 15.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 15.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 15.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 15.6.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 15.6.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
- 15.6.10. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 16. Competitive Landscape
- 16.1. Competitive Scenario
- 16.2. Market Positioning/Share Analysis
- 16.3. Mergers and Acquisitions Analysis
- 17. Company Profiles
- 17.1. BioWorks, Inc.*
- 17.1.1. Company Overview
- 17.1.2. Product Portfolio and Description
- 17.1.3. Financial Overview
- 17.1.4. Key Developments
- 17.2. Sumitomo Chemical India ltd.
- 17.3. Arysta LifeScience Corporation
- 17.4. Koppert
- 17.5. BASF SE
- 17.6. Certis USA L.L.C.
- 17.7. Volkschem Crop Science Pvt. Ltd.
- 17.8. Gowan Company, L.L.C.
- 17.9. Rallis India Limited.
- 17.10. T.Stanes and Company Limited
- LIST NOT EXHAUSTIVE
- 18. Appendix
- 18.1. About Us and Services
- 18.2. Contact Us
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