Asia Pacific Biorational Market

Asia Pacific Biorational Market Size, Growth, Trends and Forecast:

Asia Pacific Biorational Market was worth USD 0.81 billion in 2021 and estimated to be growing at a CAGR of 22.3%, to reach USD 2.12 billion by 2026.

Biorationals are biological based insecticides which cause minimum harm to crops and insects. These products are widely used in structural pest control, agriculture, public health, forestry, turf, aquaculture, and home and garden. Use of environmental pest control technologies helps the end users to achieve agriculture sustainability and it maximizes the quality of crops.

Asia Pacific Biorational Market Drivers: 

Increasing demand for the low-priced and high-quality organic commodities from India and China has urged the crop producers to enhance the productivity and minimize losses associated with pests. This has urged various agro-producers to adopt biorationals that enhance the crop yield, thereby boosting the market. Many conventional pesticides are bring withdrawn from the market due to their harmful effects which in turn is driving the growth of the biorational market. There has been a rise in the demand for organic food products which in turn fuels the growth of the market. However, people are still not aware about the biorational products and their usage which might be a hindrance to the growth of the market.

Asia Pacific Biorational Market Segmentation:

Asia Pacific Biorational Market - By Product:

• Botanical products

• Microbial pesticides
• Semi chemicals
• Other bio rational products

Asia Pacific Biorational Market - By Crop Type:

• Grains& oil seeds
• Fruits& vegetables
• Other crops

Asia Pacific Biorational Market - By Method of Propagation:

• Foliar Spray
• Seed Treatment
• Soil Treatment
• Others

Geographical Analysis:

On the basis of geography, the market is analysed under various regions namely

• India
• China
• Japan
• Australia
• South Korea

Asia Pacific region is expected to register the highest CAGR. Biorational demand in Asia Pacific is characterized by slow growth, mainly due to high demand for the low price and efficient synthetic pesticides. India and China are dominating the market in this region.

Key Players:

Some of the key players dominating the market are Koppert B.V., Marrone Bio Innovations, Monsanto Company, The Dow Chemical Company, and Gowan Company LLC, Valent U.S.A. Corporation, Russell IPM limited, Agralan limited, Monsanto Company, Gowan company LLC, Suttera, Syngenta, BASF SE, Isagro S.P.A, and Bayer AG.