Biorational Market

Biorational Market Size & Growth (2022 - 2027):

Biorational Market was worth USD 4.1 billion in 2021 and estimated to be growing at a CAGR of 21.71%, to reach USD 10.9 billion by 2026.

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. 

Market Drivers:

The implementation of the pest management system is expected to drive the market during the forecast period. The pesticides which are currently available in the market are synthetic-based and cause harm to the crop produce. 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 Many conventional pesticides are bring withdrawn from the market which is driving the growth of the biorational market.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.

BIORATIONAL MARKET REPORT COVERAGE:

Market Segmentation:

Biorational Market – By Product:

• Botanical products

• Microbial pesticides
• Semiochemicals
• Other biorational products

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.

Biorational Market – By Crop Type:

• grains& oilseeds
• fruits& vegetables
• other crops

The fruits and vegetable 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.

Biorational Market – By Method of Propagation:

• foliar spray
• seed treatment
• soil treatment
• others

Biorational Market – By Region:

• North America
• Europe
• Asia Pacific
• Rest of the World

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.

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.