Neem-based Pesticides Market Growth to Surge Owing to Increasing Adoption by End-use Applications

Pesticides are chemical or biological agents that are used for killing pests. The most commonly used pesticides include herbicides to kill weeds, fungicides to control mildew and fungi, and rodenticides for killing rodents. Neem-based pesticide is a bio pesticide that contains azadirachtin as an active ingredient, which is effective for more than 600 species of insects. Neem-based pesticide is a natural product that is 100% bio-degradable and environment friendly.

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Market Outlook

Global neem-based pesticides market is expected to witness significant growth over the forecast period, owing to growing awareness about the benefits of neem as a natural pesticide. Furthermore, demand for neem products such as neem cake, neem oil, and neem-based products is increasing tremendously from agriculture industry.

On the basis of application, the global neem-based pesticides market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, commercial crops, and others. In 2018, commercial crops accounted for the largest market share in terms of revenue. Commercial crops includes coffee, cotton, sugarcane, spices, tea, cocoa, and others. Increasing production of commercial crops including coffee is expected to upsurge demand for bio-based and neem pesticides over the forecast period.

Asia Pacific accounted for the largest market share in terms of revenue in 2018. Increasing population, rising food demand, and growing cash crops production in the countries such as China, Indonesia, and India is expected to drive demand for neem-based pesticides over the forecast period.

Key Players

Major companies operating in the global neem-based pesticides market include The National Fertiliser Limited, Agrilife, Ozone Biotech, Parry America Inc., Bayer AG, China National Agrochemical Co., Ltd., DowDuPont Inc., Syngenta International AG, Neem India Products Pvt. Ltd., Jaivik Crop Care LLP, Sumitomo Chemical Co., Ltd., BASF SE, and GreeNeem Agri Pvt Ltd.

Market Taxonomy

On the basis of application, the global neem-based pesticides market is segmented into:

Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Commercial Crops
Others

On the basis of form, the global neem-based pesticides market is segmented into:

Dry
Liquid

On the basis of distribution channel, the global neem-based pesticides market is segmented into:

Direct
Indirect

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