Press release
Botanical Pesticides Market Growth, Dynamics, and Geographical Analysis 2024-2031
Botanical Pesticides Market-Overview
Rise in Organic Agricultural Products Adoption
Farmers and consumers increasingly favor organic agricultural products, propelling the botanical pesticides market. Derived from plants and minerals, these natural pesticides offer eco-friendly alternatives.
Moreover, significant investments from manufacturers contribute to market expansion. For instance, Idai Nature and Oroagri's collaboration introduced Orocide, a phytosanitary biocontrol product with fungicidal and insecticidal properties.
Stringent Government Regulations on Chemical Pesticides
Government regulations worldwide, such as India's Insecticide Act of 1968, aim to minimize the toxicity of chemical pesticides. This fosters a shift towards botanical pesticides, recognized for their organic origin and biodegradability, ensuring safety for humans and animals.
High Product Cost Challenges
The botanical pesticides market faces hurdles due to high production costs. The labor-intensive extraction process and specialized equipment contribute to
elevated expenses, hindering widespread adoption.
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Segmentation Analysis:
Type-based Segmentation
Fungicides Dominating Market Share: Botanical fungicides lead the market, favored for their organic nature and efficacy in controlling fungal diseases.
Active Substance Variation
Plant-derived Actives: Botanical pesticides derive their effectiveness from natural plant sources, ensuring minimal residues on crops.
Geographical Analysis: Penetration in Asia-Pacific
Asia-Pacific emerges as a pivotal market for botanical pesticides, driven by the surge in organic farming practices. Government initiatives, such as India's ParamparagatKrishiVikasYojana, further bolster adoption rates.
Competitive Landscape
Leading players shaping the botanical pesticides market include BioWorks, Inc., Sumitomo Chemical India ltd, Arysta Life Science Corporation, and BASF SE among others.
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Indonesia Amino Acid Fertilizer Market: https://datamintelligence.com/research-
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Agricultural Chelates Market: https://datamintelligence.com/research-report/agricultural-chelates-market
Crop Protection Chemicals Market: https://datamintelligence.com/research-report/crop-protection-chemicals-market
Adjuvants Market: https://datamintelligence.com/research-report/adjuvants-market
Seed Coating Materials Market: https://datamintelligence.com/research-report/seed-coating-materials-market
Agricultural Fumigants Market: https://datamintelligence.com/research-report/agricultural-fumigants-market
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