Allied Market Research

Botanical Pesticides Market - Global Opportunity Analysis and Industry Forecast, 2017-2023

Pesticides are compounds used to manage fields to prevent formation of pests after the harvesting process. Botanical pesticides are naturally occurring chemicals extracted from plants known to have insecticidal properties.


Portland, OR -- (SBWIRE) -- 09/05/2017 -- As majority of the synthetic pesticide chemicals cause environmental hazards, botanical pesticides are being deployed as essential alternatives for pest management. Botanical pesticides are considered as an essential component of the crop protection market. These substances have witnessed high demand among farmers owing to increase in need for environmentally sustainable agrochemicals and rise in Integrated Pest Management (IPM) practices.

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The market is witnessing strong demand as botanical pesticides are used to avoid natural pollination. Development of organic farming in developed and developing countries, and surge in consumption of herbal and Ayurvedic medicine are expected to drive market growth. In addition, the use of botanical pesticides as a sustainable alternative in conventional pest control products is expected to boost the market growth. The market is expected to witness growth in North America and Europe owing to rise in awareness among farmers about the benefits of botanical pesticides and concern over the consumer demand for safe food. Furthermore, increased promotion by environmentalists and growth in regulations over internationally traded foods further enhances marketing and utilization of sustainable pesticides. However, the presence of regulatory barriers and availability of competitive & cost-effective pesticidal products are expected to hinder the growth.

The botanical pesticides market is segmented on the basis of type, active substance, crop type, and geography. Based on type, it is divided into insecticides, fungicides, and herbicides. The active substances studied in this report are nicotine, pyrethrin, rotenone, matrine, and azadirachtin. On the basis of application, the market is classified into hospitals, ambulatory surgical centers, diagnostic centers, and others (clinics and nursing centers). The crop type segment includes vegetables & fruits, oilseeds & pulses, and turfs & ornamentals. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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