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.
- 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. Neem is considered as natural source of nutrients and phyto-chemicals and find its major application in organic farming.
- Major challenge faced by agriculture sector is to increase crop yield, in order to meet the requirements from rising population, without damaging the environment. Thus, neem-based pesticides are used as better alternative to synthetic pesticides. Therefore, growing adoption of bio-based pesticides is expected to boost demand for neem-based pesticides over the forecast period.
- 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. For instance, according to the International Coffee Organization, world coffee production in 2018-19 was 3.7%, higher than 2017-18 pegged at 168.8 million bags. This is expected to fuel growth of the neem-based pesticides market 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. For instance, according to the Food and Agriculture Organization of the United Nations, India is the second largest populous country with the population of 1.27 billion. The total food grain production in India was pegged at 275 million tons (MT) during 2017-18.
- Moreover, increasing environment concerns associated with the excessive use of synthetic chemical pesticides along with continuous degradation in the quality of soil is expected to boost demand for neem-based and other bio pesticides. This scenario is further expected to generate higher revenue for neem-based pesticides in Asia Pacific.
- High cost of neem-based pesticides in comparison to synthetic pesticides is expected to hamper growth of the neem-based pesticides market over the forecast period.
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.
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
On the basis of form, the global neem-based pesticides market is segmented into:
On the basis of distribution channel, the global neem-based pesticides market is segmented into:
On the basis of region, the global neem-based pesticides market is segmented into:
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East
- Rest of Middle East
- North Africa
- Central Africa
- South Africa