Global Organochlorine Pesticides Market Size (2024 - 2030)

In 2023, the Global Organochlorine Pesticides Market was valued at USD 341.09 Million and is projected to reach a market size of USD 499.48 Million by 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 5.6%

Industry Overview

Synthetic pesticides known as organochlorine (OC) insecticides are widely utilized across the world. They are a subclass of chlorinated hydrocarbon derivatives, which find extensive use in both agriculture and the chemical sector. High toxicity, slow breakdown, and bioaccumulation are all characteristics of these substances. Although many of the OC-related substances were outlawed in developed nations, their use has increased anyway. This specifically refers to the widespread practice of abusing these substances. Even though pesticides were developed with the idea of target organism toxicity, their use frequently hurts non-target species.  

Pesticides are a class of chemicals used to kill insects, weeds, fungi, bacteria, and other undesirable organisms. The terms insecticide, fungicide, bactericide, herbicide, or rodenticide are commonly used to describe them. The majority of pesticides may kill a range of weeds and pests, while some are targeted at certain pathogens or pests. The majority of these substances are made to disrupt the physiological processes of the intended organism, which results in malfunction and decreased vitality. Pesticide residues have the potential to significantly contaminate soil, water, and other environmental elements. The coexistence of the ecosystem's plant and animal populations may always be threatened by this phenomenon.

Impact of Covid-19 on the Industry

Millions of people's quality of life have been impacted by the COVID-19 outbreak, which expanded across nations after beginning in Wuhan, China. Additionally, the pandemic has caused economic deterioration in several areas as a result of a lack of corporate activity. For instance, the World Bank estimates that COVID-19 will cause a 5% drop in the world GDP. The pandemic has thus had a significant impact on all market segments and industries, impeding supply and demand in some markets, such as the market for biopesticides.

Major shifts in consumer consumption behavior have been observed across several sectors as a result of this market disruption. The rising use of various biopesticides in farming practices is one shift that sticks out in these unstable times. The primary source of these shifts among customers and food product makers is the perception that bio-pesticides are healthier for the soil since they lack the dangerous chemicals found in chemical pesticides, which affect both people and the environment.One of the businesses affected least by the new coronavirus outbreak, or not at all, was the agricultural sector. Because agricultural operations were considered critical activity, they continued largely unaffected by statewide lockdowns. To meet the enormous worldwide demand for food, the agricultural sector had to keep running its activities all over the world. The pandemic scenario had a very small negative influence on the demand for pesticides. However, the global travel and trade restrictions imposed influenced the production and supply of raw resources. As a result of supply chain interruptions, the market globally experienced a little decline of 2.5%.

Market Drivers

Increasing deforestation and urbanization directly contribute to a decline in the cultivable area will drive the market growth

It is crucial to increase agricultural output because rising urbanization and deforestation directly contribute to a reduction in arable land. Using crop protection chemicals is one approach to do this. Crop output and longevity are both increased by developments in new and inventive technology. For this, food production is increased and organisms' lifespans are extended by genetic alteration. The use of novel and inventive crop species that have been developed in laboratories is on the rise as a trend to boost output.

Rising demand for agrochemicals will propel the market growth

Additionally, crops require agrochemicals like insecticides to manage pests and maintain optimal yields. Pesticides are increasingly in demand because of genetically engineered crops. Therefore, over the upcoming years, the global agrochemicals market is anticipated to experience considerable growth opportunities due to the development of novel and efficient technologies to improve crop production with better quality on cultivable land.

Market Restraints

Concern over health & environmental effects will challenge the market growth

Pesticides are applied to crops to prevent pest infestations and boost agricultural output. More sophisticated pesticides are being employed, which have a negative immediate and long-term impact on the ecosystem due to pests' adaptation to agrochemicals. Thus, the use of dangerous chemicals in the manufacture of pesticides is restricted by strong governmental laws. Environmental concerns have been used as justification by several environmental protection organizations to argue against the usage of such compounds. Over the projected period, it is anticipated that strict government regulations, such as pollution control and the Clean Air Act, will reduce demand for agrochemicals.

ORGANOCHLORINE PESTICIDES MARKET REPORT COVERAGE:

This research report on the global organochlorine pesticides market has been segmented and sub-segmented based on, type, application, and Geography & region.

Global Organochlorine Pesticides Market- By Product

• Conventional Chemicals
  • Herbicides
  • Fungicides
  • Insecticides
• Bio-pesticides
  • Bio Control Agents
  • Plant-Incorporated Protectants

In 2021, revenue from the bio-pesticides segment is anticipated to expand at a strong 10.1% annual rate. Between 2020 and 2021, demand for conventional chemicals is predicted to rise by 4.1 percent, resulting in combined pesticide market growth of 4.8 percent in 2021. Globally, awareness of environmental deterioration is rapidly increasing. To stop environmental degradation, several regional governmental and environmental regulatory organizations are enforcing strict regulations. Growing awareness is encouraging consumers to switch to eco-friendly goods. Because of this, it is anticipated that demand for bio-pesticides would increase quickly over the projected period of 2022–2030.

Global Organochlorine Pesticides Market- By End-User

• Row Crops
• Fruits & Vegetables
• Turfs & Ornamentals
• Horticulture
• Other Crop Types

The agriculture sector uses pesticides most frequently to safeguard crops against damaging insects, fungi, weeds, and other organisms. Row crops are anticipated to use about 32% of the insecticides generated worldwide. Population growth will likely result in increased demand for food and agricultural products, which will drive up pesticide consumption in the agriculture sector.

Global Organochlorine Pesticides Market- By Geography & Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

China is anticipated to rank among the top nations for pesticide demand worldwide. In 2021, it is predicted that China will contribute about 44% of the global revenue from pesticide sales. With approximately 1.4 billion people, China has the largest population in the world. The nation has a huge demand for food and other agricultural goods because of its large population. Farmers in the country are using a variety of techniques to boost output and meet the nation's food needs in order to meet the growing demand.

Local manufacturers take advantage of the government's pro-industry initiatives. On the other hand, those who live in industrialised nations like North America and Europe are subject to a number of onerous restrictions. The implementation of such restrictions globally is encouraging manufacturers to grow in China, increasing China's capacity for pesticide production.

Global Organochlorine Pesticides Market- By Companies

1. Bayer Crop Science AG
2. Marrone Bio Invention
3. Adama Agricultural Solutions
4. Certis USA LLC
5. Dow Inc.
6. Monsanto
7. Isagro SPA
8. Camson Bio-Technology Ltd
9. Andermatt Biocontol AG
10. BASF SE
11. Som Phytopharma India Ltd
12. Varsha Bio science & Technology
13. Syngenta AG
14. Koppert Biological Systems
15. BioWorks Inc.
16. Valent Bio science corp

NOTABLE HAPPENINGS IN THE GLOBAL ORGANOCHLORINE PESTICIDES MARKET IN THE RECENT PAST:

• Merger & Acquisition: - In 2020, To secure a dominant position in the wheat market, Syngenta Seeds finalised the acquisition of Sensako, a South African seed business that specialised in cereals.
• Merger & Acquisition: - In 2019, For over US$ 4.2 billion, UPL Ltd purchased Arysta LifeScience (Arysta) from Platform Specialty Products. The company's standing as a leading leader in agricultural solutions will be further strengthened as a result.