The global biorational market size is expected to reach USD 7.39 billion in 2024 and reach USD 19.73 billion by 2029, growing at a CAGR of 21.71% from 2024 to 2029.
Biorationals are essentially insecticides that are effective against the target but are not very harmful to natural enemies. These products are generally derived from natural sources such as plant extracts, insect pathogens, etc. The bio-rational products are widely used in structural pest control, agriculture, public health, forestry, turf, aquaculture, and home and garden. The use of environmental pest control technologies helps the end-users to achieve agriculture sustainability and it maximizes the quality of crops.
The implementation of the pest management system is expected to drive the market during the forecast period. The pesticides that are currently available in the market are synthetic-based and cause harm to the crop produced. As a result, there is an increased need for biobased products. The chemical residue left out on crops can prove to be harmful by impairing the endocrine system of the body. Many conventional pesticides are being withdrawn from the market, which is driving the growth of the biorational market. There also has been a rise in the demand for organic food products which in turn fuels the growth of the market. There was an increased awareness among people regarding the hazardous effects of chemical pesticides. However, people are still not aware of the biorational products and their usage which might be a hindrance to the growth of the market.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2029 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2029 |
|
CAGR |
21.71% |
|
Segments Covered |
By Product, Crop Type, Method of Propagation, And Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
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 |
Semiochemicals are dominating the market in the product type segment. Increasing adoption of efficient monitoring and quality control techniques in the agricultural industry has attributed to market growth.
The fruits and vegetables segment accounts for the largest share in the crop type segment. The cereals & grains segment is characterized by a high frequency of bug diseases and subsequent economic losses.
The Biorational market was dominated by North America followed by Europe. Asia Pacific region is expected to have a high CAGR, with China dominating the market in that region.
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.
By Product
By Crop Type
By Method of Propagation
By Region
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region