Potassium Soap Insecticides Market To Reach $16.4 Million By 2030

Potassium Soap Insecticides Market Growth & Trends

The global potassium soap insecticides market size is expected to reach USD 16.4 million by 2030, according to a new study by Grand View Research, Inc. The market is expected to grow at a CAGR of 8.8% from 2023 to 2030. Potassium soap insecticides are derived from the potassium salts of fatty acids. They are commonly used in pest control for their ability to effectively target and control soft-bodied insects. They function by breaking down the protective waxy layer on the surface of insects. This layer helps prevent excessive water loss and acts as a barrier against external threats. When the soap comes into contact with the pests, it disrupts this protective layer, causing dehydration and ultimately leading to their demise.

As the emphasis on sustainable and eco-conscious agricultural approaches continues, organic farming is expected to witness a considerable surge. Potassium soap insecticides are natural and cause minimal environmental harm, and as a result, are approved for use in organic farming. As more farmers shift toward organic practices, the demand for pest control solutions compatible with organic standards, such as potassium soap insecticides, is on the rise.

According to a report published by FiBL and IFOAM, in 2021, global organic agricultural management spanned a total of 76.4 million hectares, representing approximately 1.6% of the total farmland. Organic farmland experienced a 1.7% growth in 2021. Oceania led the world in terms of organic agricultural land, with a substantial 36.0 million hectares, followed closely by Europe, which accounted for 17.8 million hectares. Latin America featured 9.9 million hectares, while Asia had 6.5 million hectares dedicated to organic farming. North America contributed 3.5 million hectares, and Africa comprised 2.7 million hectares of organic agricultural land. Thus, the growing organic farming us anticipated to further drive the product demand.

Furthermore, meeting stringent regulatory requirements and safety standards can be a significant challenge for the market. Manufacturers must invest in research and testing to ensure their products meet regulatory criteria and changes can require costly adjustments.

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Potassium Soap Insecticides Market Report Highlights

• Potassium soap insecticides have low toxicity to humans, animals, and beneficial insects. They are considered safer alternatives to synthetic pesticides, which can have harmful effects on non-target organisms and the environment. This makes them a preferred choice, especially in organic farming and gardening.

• Outdoor gardening emerged as the fastest growing type segment with a CAGR of 9.4% from 2023 to 2030. This growth is attributed to the fact that potassium soap insecticides is an organic product that does not negatively affect plants or other organisms that are not harmful to them.

• Ornamental trees emerged as the fastest growing crop type segment with a CAGR of 9.4% from 2023 to 2030. The growth can be attributed to the susceptibility of ornamental trees to a wide range of soft-bodied insect pests including aphids, scales, mealybugs, and spider mites. Potassium soap insecticides are highly effective against these pests by disrupting their cell membranes and causing them to dehydrate.

• North America is anticipated to witness the fastest CAGR of 9.3% from 2023 to 2030. This growth is attributed to the growing organic farming trends in the region.

• The future growth of the product looks promising on account of its natural origin, low toxicity to humans, and hazardous effects on pests. Consumer and regulatory pressures are driving a shift toward more sustainable agricultural practices. Bio-insecticides, like potassium soap insecticides, align with this trend as they are considered eco-friendly and have a lower impact on non-target organisms and the environment compared to chemical pesticides.

Potassium Soap Insecticides Market Segmentation

Grand View Research has segmented the global potassium soap insecticides market based on application, crop type, and region:

Potassium Soap Insecticides Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Horticulture

• Indoor Gardening

• Outdoor Gardening

• Field Crops

Potassium Soap Insecticides Crop Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Fruits and Vegetables

• Small Trees & Shrubs

• Ornamental Trees

• Oilseeds

• Herbs & Spices

Potassium Soap Insecticides Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

  • Brazil

  • Argentina

  • Colombia

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players in the Potassium Soap Insecticides Market

• BONIDE Products LLC

• CoraxBioner Co.

• Certis USA L.L.C.

• Ecoworm Limited

• Kao Corporation

• OHP, Inc. (AMVAC Chemical Corporation)

• PROMISOL S.A.

• SPAA SRL

• W. Neudorff GmbH

• Vellsam Materias Bioactivas S.L.

• Victorian Chemical Company Pty Ltd.