Global Organochlorine Pesticides Market Size (2024 - 2030)

As of 2023, the Global Organochlorine Pesticides Market was valued at USD 341.09 Million, with a forecasted growth to USD 499.48 Million by 2030. The market is anticipated to grow at a CAGR of 5.6% during the forecast period spanning from 2024 to 2030.

Industry Overview

The organochlorine (OC) insecticides, a type of synthetic pesticides, are extensively utilized worldwide. These belong to a subset of chlorinated hydrocarbon derivatives, widely used in agriculture and the chemical sector. Notable for their high toxicity, slow degradation, and bioaccumulation tendencies, these substances have seen increased use despite many being prohibited in developed nations. This highlights the prevalent misuse of these substances, which, despite being designed for targeted organism toxicity, often harm non-target species.

Pesticides, a category of chemicals aimed at eliminating insects, weeds, fungi, bacteria, and other undesirable organisms, are referred to by various names such as insecticide, fungicide, bactericide, herbicide, or rodenticide. While most pesticides have broad-spectrum effects, some target specific pests or pathogens. These chemicals are primarily designed to disrupt the physiological processes of the target organism, leading to dysfunction and reduced vitality. Pesticide residues pose significant contamination risks to soil, water, and other environmental components, perpetually threatening the coexistence of plant and animal populations within ecosystems.

Impact of COVID-19 on the Industry

The global COVID-19 outbreak, originating in Wuhan, China, has had widespread repercussions on millions of lives, including economic downturns in various sectors due to reduced business activities. The World Bank estimates a 5% decline in global GDP due to COVID-19. Consequently, all market segments, including the biopesticides market, have been significantly impacted, disrupting both supply and demand.

This market disruption has led to notable shifts in consumer behavior across several sectors, with the increased adoption of biopesticides in agricultural practices standing out. The primary driver of this shift among consumers and food producers is the perception that bio-pesticides offer a healthier alternative for soil, devoid of the harmful chemicals present in traditional pesticides, which have adverse effects on both human health and the environment.

The agricultural sector emerged as one of the industries least affected, if not entirely unaffected, by the COVID-19 pandemic. As agricultural activities were deemed essential, they continued largely uninterrupted during statewide lockdowns. To meet the global food demand, the agricultural sector worldwide had to maintain its operations. Although the pandemic had minimal negative effects on pesticide demand, global travel and trade restrictions impacted the production and supply chains, resulting in a marginal 2.5% decline in the market.

Market Drivers

The decline in cultivable land due to increasing deforestation and urbanization is a significant driver of market growth.

Counteracting the reduction in arable land due to rising urbanization and deforestation is crucial for boosting agricultural output. Utilizing crop protection chemicals is one strategy to achieve this objective. Advancements in innovative technologies enhance crop yields and longevity. Genetic modification extends the lifespan of organisms and increases food production. The trend towards utilizing newly developed and innovative crop varieties from laboratories is on the rise to enhance output.

The rising demand for agrochemicals is another factor propelling market growth.

Genetically engineered crops require agrochemicals such as insecticides for pest management and optimal yield maintenance. Consequently, the global agrochemicals market is expected to witness significant growth opportunities in the coming years, owing to the development of efficient technologies to enhance crop production and quality on cultivable land.

Market Restraints

Concerns regarding health and environmental impacts pose challenges to market growth.

Pesticides are employed on crops to mitigate pest infestations and increase agricultural output. However, the use of advanced pesticides can have negative immediate and long-term effects on ecosystems due to pests adapting to these chemicals. Stringent governmental regulations restrict the use of hazardous chemicals in pesticide manufacturing. Environmental advocacy groups often cite these concerns to advocate against the use of such compounds. Over the forecasted period, it is anticipated that strict governmental regulations, including pollution control measures and the Clean Air Act, will reduce the demand for agrochemicals.

Global Organochlorine Pesticides Market - By Product Categories

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

In 2021, a robust 10.1% annual growth is expected in revenue from the bio-pesticides segment. Predictions indicate a 4.1% increase in demand for conventional chemicals between 2020 and 2021, contributing to an overall 4.8% growth in the pesticide market for 2021. The global community is witnessing a rapid rise in awareness regarding environmental degradation. To combat this issue, various regional governmental and environmental regulatory bodies are imposing stringent regulations. This growing consciousness is motivating consumers to transition towards environmentally friendly products, thereby fostering an anticipated swift rise in demand for bio-pesticides throughout the forecasted period of 2022–2030.

Global Organochlorine Pesticides Market - By End-User Categories

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

The agricultural sector predominantly employs pesticides to safeguard crops against detrimental insects, fungi, weeds, and other organisms. It is estimated that approximately 32% of the insecticides produced worldwide will be used for row crops. The escalating global population is expected to drive an increased demand for food and agricultural products, subsequently propelling pesticide consumption within the agricultural sector.

Global Organochlorine Pesticides Market - By Geographical Regions

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

China is poised to be among the leading nations in global pesticide demand. Projections suggest that China will account for approximately 44% of the worldwide revenue from pesticide sales in 2021. With a staggering population of around 1.4 billion, China stands as the most populous country globally. The nation's substantial demand for food and other agricultural commodities is driven by its vast population. In response to the rising demand, farmers in China are implementing diverse strategies to enhance output and meet the nation's food requirements.

Local manufacturers are leveraging the pro-industry initiatives of the government. Conversely, residents of industrialized nations such as North America and Europe are subjected to a plethora of stringent regulations. This global enforcement of regulations is fostering the growth of manufacturers within China, consequently bolstering the country's capacity for pesticide production.

Global Organochlorine Pesticides Market - Major 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. AndermattBiocontol AG
10. BASF SE
11. SomPhytopharma India Ltd
12. Varsha Bio science & Technology
13. Syngenta AG
14. Koppert Biological Systems
15. BioWorks Inc.
16. Valent Bio science corp

Recent Developments in the Global Organochlorine Pesticides Market:

Merger & Acquisition:

• In 2020, Syngenta Seeds completed the acquisition of Sensako, a South African seed business specializing in cereals, aiming to solidify its dominant position in the wheat market.

Merger & Acquisition:

• In 2019, UPL Ltd acquired ArystaLifeScience (Arysta) from Platform Specialty Products for over US$ 4.2 billion, further strengthening its position as a leading provider of agricultural solutions.