Botanical Pesticides Market

Date: 2016-05

Botanical pesticides are natural extracts derived from various parts of plants and are used to combat various pests like insects and weeds. Botanical pesticides segment is a part of broader biological crop protection market. These substances are gaining prominence in the modern agriculture with increasing need for environmentally sustainable agrochemicals and rise in Integrated Pest Management (IPM) practices. Botanical pesticides are target specific and are less harmful to non-target pests. The botanical pesticides market is set to grow at a CAGR of XX% and is projected to reach $XXm by 2021.

Mounting concern on natural pollinators propels the use of these pesticides. In addition, expanding organic farming in the developed nations fuels the biological means of pest control. Only few pesticides like Neem and Pyrethrum have well established presence. Lack of wide array of commercialized products and related cost-effective production processes subdue the market growth. The industry is working towards standardizing the products. Growth of microbials and natural enemies markets subdues the expansion of botanical pesticides.

The botanical pesticides market has been analyzed with respect to different parameters such as demand, supply, end-users and providers of botanical pesticides. This market is categorized on the basis of type, active substance and crop type. On the basis of type botanical pesticides can be used as insecticides, herbicides and fungicides. Compounds such as azardirachtin, matrine, pyrethrines, rotenone & nicotine extracted from various plants are used for combating insects and other pests. Segmentation by crop type includes vegetables & fruits, oilseeds & pulses, cereals & grains and turf & ornamentals.

The market is also presented from the perspective of different geographic regions and they key countries in each region. North America and Europe have been the dominant end users due to the growing inclination towards organic farming and strengthening IPM practices in agricultural community.

Key market players include:
BASF SE (Germany)
Bayer CropScience (Switzerland)
DOW Chemical Company (Brazil)
Monsanto Company (U.S.)
Isagro SPA (Italy).

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