Biorational Market 2024 : Size, Growth Rate, Business Module, Product Scope, Regional Analysis And Expansions 2033

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Overview and Scope
Biorational refers to the idea that effective insect pest control can be achieved with synthetic or natural substances that are low in toxicity to nontarget creatures (such as humans, animals, and natural enemies) and the environment. Biorationals are products, such as biopesticides and non-pesticides, that can be used to manage crop stress, improve plant physiology, limit root growth, manage post-harvest, or act as an alternate control agent to conventional pesticides and antimicrobials.

Sizing and Forecast
The biorational market size has grown rapidly in recent years. It will grow from $3.9 billion in 2023 to $4.56 billion in 2024 at a compound annual growth rate (CAGR) of 17.0%.  The  growth in the historic period can be attributed to increased awareness about environmental concerns , the negative impacts of chemical pesticides , eco-friendly agricultural practices.

The biorational market size is expected to see rapid growth in the next few years. It will grow to $8.37 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%.  The growth in the forecast period can be attributed to regulatory support, the push for organic farming, the desire to reduce chemical residues in food. Major trends in the forecast period include advancements in research, increasing adoption of integrated pest management (ipm) strategies, technological advancements, improved formulations.

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Segmentation & Regional Insights
The biorational market covered in this report is segmented –

1) By Product Type: Botanicals, Semiochemicals, Other Product Types
2) By Formulation: Liquid, Dry
3) By Crop Type: Cereals and Grains, Fruits and Vegetables, Other Crop Types
4) By Application: Agriculture, Aquaculture, Structural Pest Control, Other Applications

North America was the largest region in the biorational market in 2023. The regions covered in the biorational market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Increasing adoption of integrated pest management is driving the demand for biorational products going forward. Integrated Pest Management is a system of managing pests that has been designed to be sustainable. Integrated pest management involves using the best combination of cultural, biological, and chemical measures for particular circumstances, including plant biotechnology as appropriate. The use of biorational products for the management of insect pests has grown intensively, which has increased its popularity. The Government of India has adopted integrated pest management (IPM) as the main plank of plant protection in the Crop Production Programme. For instance, according to the Government of India Ministry of Agriculture and Farmers Welfare, in 2021, crop yield has been increased from 6.72–40.14% in rice and 22.7–26.63% in cotton in integrated pest management fields when compared to non-integrated pest management fields. Therefore, the increasing adoption of integrated pest management will drive the growth of the biorational market.

Key Industry Players
Major companies operating in the biorational market report are Isagro S. p. A., Summit Chemical Company, Gowan Company LLC, BASF SE, Suterra LLC, McLaughlin Gormley King Company, Marrone Bio Innovations Inc., Biological Control Products LLC, Russell IPM Ltd., Valent BioSciences LLC, Sumitomo Chemical Company Limited, Certis USA LLC, BioWorks Inc., Koppert Biological Systems B. V., Vestaron Corporation, Andermatt Group AG, AgBiTech Pty Ltd., e-nema GmbH, Novozymes A/S, Nufarm Limited, OHP Inc., Sipcam Agro USA Inc., Verdera Oy, STK Bio-ag Technologies, Cedar Chemicals LLC, Pherobank BV, Exosect Ltd., Shin-Etsu Chemical Co. Ltd., AgriSense-BCS Ltd.

The biorational market report table of contents includes:

1. Executive Summary
2. Biorational Market Characteristics
3. Biorational Market Trends And Strategies
4. Biorational Market – Macro Economic Scenario
5. Global Biorational Market Size and Growth
31. Global Biorational Market Competitive Benchmarking
32. Global Biorational Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Biorational Market
34. Biorational Market Future Outlook and Potential Analysis
35. Appendix

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