Overview and Scope
Biorational pesticides are a category of pest control products derived from natural sources to target specific pests while minimizing harm to non-target organisms and the environment. These pesticides are considered more environmentally friendly and sustainable than conventional chemical pesticides.
Sizing and Forecast
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.
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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
North America was the largest region in the biorational pesticides market in 2023. The regions covered in the biorational pesticides 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
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.
Key Industry Players
Major companies operating in the biorational pesticides market report are BASF SE, Dow Inc., Bayer Aktiengesellschaft, Syngenta International AG, Corteva Inc, Monsanto Company, UPL Limited, FMC Corporation, Rentokil Initial plc, Nufram Ltd., CAMSON Bio Technologies Pvt Ltd., Kemin Industries Inc., PI Industries Limited, Gowan Company Inc., Koppert Biological Systems B.V., Certis USA LLC, Suterra Inc., Valent BioSciences LLC, Russell IPM Ltd., Terramera Inc., Andermatt Biocontrol AG, Vestaron Corporation, Marrone Bio Innovations Inc., Bionema Limited, Cropex Pvt. Ltd., ISAGRO Società Agricola per Azioni, AgroPy (UK) Ltd.
The biorational pesticides market report table of contents includes:
1. Executive Summary
2. Biorational Pesticides Characteristics
3. Biorational Pesticides Trends And Strategies
4. Biorational Pesticides – Macro Economic Scenario
5. Global Biorational Pesticides Size and Growth
…..
32. Global Biorational Pesticides Competitive Benchmarking
33. Global Biorational Pesticides Competitive Dashboard
34. Key Mergers And Acquisitions In The Biorational Pesticides
35. Biorational Pesticides Future Outlook and Potential Analysis
36. Appendix
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