The Biorational Pesticides Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Biorational Pesticides Global Market Report 2024, The biorational pesticides market size has grown rapidly in recent years. It will grow from $5.91 billion in 2023 to $6.75 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to growth in demand for organic agriculture, stringent regulations on chemical pesticides, consumer awareness and preference, resistance management in pest control.
The biorational pesticides market size is expected to see rapid growth in the next few years. It will grow to $10.96 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to expansion of sustainable farming, biopesticides as crop protection solutions, research and development in bio-based technologies, global shift towards green agriculture, integrated pest management adoption. Major trends in the forecast period include precision agriculture application, resurgence of integrated pest management (ipm), regulatory support for biorationals, research and development focus, consumer awareness and preference.
The increasing demand for residue-free organic crops is expected to propel the growth of the biorational pesticides market going forward. Residue-free organic crops refer to agricultural products grown using organic farming without residues from synthetic pesticides, herbicides, fungicides, or other chemicals. In organic farming, biorational pesticides prevent fluoroacetamide and other chemicals from contaminating the soil and control certain insects, weeds, and nematodes. For instance, in December 2022, according to the U.S. Department of Agriculture, a US-based federal executive department, the total sales of organic goods were $11.2 billion in 2021, up $1.28 billion (13%) from 2019. Further, in 2021, there were 17,445 certified organic farms, which indicates a 5% rise from 2019. Therefore, the increasing demand for residue-free organic crops is driving the growth of the home biorational pesticides market.
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The biorational pesticides market covered in this report is segmented –
1) By Type: Biorational Insecticides, Biorational Fungicides, Biorational Nematicides, Other Types
2) By Source: Botanical, Microbial, Non-Organic, Other Sources
3) By Crop Type: Fruits And Vegetables, Cereals And Grains, Oilseeds And Pulses, Other Crop Types
4) By Formulation: Liquid, Dry
5) By Mode of Application: Foliar Spray, Soil Treatment, Trunk Injection, Other Modes of Application
Product innovations are a key trend gaining popularity in the biorational pesticides market. Major companies operating in the biorational pesticides market are focused on introducing new products to sustain their position in the market. For instance, in July 2022, Sumitomo Chemical India Ltd., an India-based manufacturer of household insecticides, launched three unique registered products in India: Danitol NXT, Pyclome, and Sumi Blue Diamond. These new insecticides and biorational portfolio launches will relieve farmers from emerging pest concerns in the paddy cotton and brinjal sown areas. Sumi Blue Diamond, a trademarked product with a unique formulation, will benefit paddy growers by improving crop growth and increasing production. Sumi Blue Diamond is the first Plant Growth regulator in the granule category to receive approval from the Central Insecticide Board (CIB). Pyclome is a combination of two unique, well-established chemicals with various mechanisms of action that offer superior control throughout the spectrum of pests. Cotton and brinjal crops are registered for Pyclome. In the insecticide market, Danitol NXT is a safe and innovative EW (Emulsion-in-water) formulation for Indian rice farmers.
The biorational pesticides market report table of contents includes:
1. Executive Summary
2. Biorational Pesticides Market Characteristics
3. Biorational Pesticides Market Trends And Strategies
4. Biorational Pesticides Market – Macro Economic Scenario
5. Global Biorational Pesticides Market Size and Growth
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26. South America Biorational Pesticides Market
27. Brazil Biorational Pesticides Market
28. Middle East Biorational Pesticides Market
29. Africa Biorational Pesticides Market
30. Biorational Pesticides Market Competitive Landscape And Company Profiles
Top Major Players:
- BASF SE
- Dow Inc
- Bayer Aktiengesellschaft
- Syngenta International AG
- Corteva Inc
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