Biorational Pesticides Market

Biorational Pesticides Market Size & Growth (2022 - 2027):

The global biorational pesticide market was worth USD 2.75 billion in 2021 and is predicted to grow at a CAGR of 12.8% starting in 2021, reaching $ 590 billion by 2026. Growing concerns about food safety have led farmers to explore new green methods to replace or complement current chemical-based practices. The use of biorational pesticides has become a promising alternative to chemical pesticides.

Biorational pesticides refer to pesticides that have materials that are not toxic to humans and that have low side effects in the environment. They are organic pesticides or biopesticides that are cheap, safe and healthy products. These pesticides are beneficial to farmers and growers as they help in early detection and control of pests and are therefore widely employed in the forestry, gardening and agricultural sectors.

Impact of COVID-19 on Biorational Pesticides Market:

There is no doubt that, in addition to its impact on public health, Coronavirus and the blockade that took place from March 2020 in an attempt to contain its spread have had a significant economic impact that affected all sectors of the economy. The agricultural markets are not an exception. Despite the fact that food is a commodity that, in principle, is not subject to movement restrictions, food markets have been significantly affected by the spread of the new coronavirus disease. The impact was manifested in the form of supply and call shocks. On the supply side, along the value chain, there are labor and logistical limitations. All these factors have implications for the quantities of goods reaching the wholesale markets that feed the retail outlets and the prices at which the trade takes place.

Recent Developments in the Biorational Pesticides Market:

Sumitomo Chemical introduces a latest organization in the United States, to boost next-generation business utilizing synthetic biology. In recent years, the industrial application of synthetic biology has come a long way, supported by rapid technological advancements through the fusion of biotechnology and digital.

Biorational Pesticides Market Trends:

As with any disease management program, the right timing and application are essential to ensure effectiveness. Biorational pesticides may not work as fast as some synthetic chemical pesticides. However, these pesticides are generally less toxic to the user and are gentle on non-target organisms, making them desirable and long-lasting tools for disease management.

Drivers and Restraints of Biorational Pesticides Market:

Drivers:

The growing call for organic crops without residues and the escalating use of conventional technology that is environmentally sustainable are the main factors driving the market for biorational pesticides. The expansion of the agricultural sector and the escalating use of integrated pest management are accelerating the biorational pesticides market. The initiatives taken by the government to promote the use of biorational pesticides due to their non-toxic properties and low environmental impact, and the growing adoption of the product as it contributes to the management of plant biotic stress and the development of outbreaks influence the global biorational pesticide market. The biorational pesticides business is predicted to grow due to the reaction of organic fruits, vegetables and crops.

The area dedicated to organic farming is supposed to increase due to the escalating call for organic food. The expansion of organic foods indicates that there are great opportunities for the development of the biopesticide market worldwide. The biorational pesticides market has seen significant expansion due to factors such as the shift of consumers to organic food and large crop losses due to pest attacks. Advances in agricultural practices and technology are helping drive the expansion of the global biorational pesticides market.

Restraints:

On the other hand, the limited availability of the products in the market and the short shelf life of these pesticides are the factors that are likely to hamper the expansion of the biorational pesticides market.

Opportunities in the Biorational Pesticides Market:

Concerns about the toxicity of chemical pesticides that cause soil leaching and disruption of the environmental food pyramid and growing awareness of environmental issues among consumers are also driving the biorational pesticides market. Additionally, consumer preference for organic food, innovations in agricultural practices and technology, significant crop losses due to pest attacks, and call for high-quality food are positively impacting the market. In addition, escalated investments in agricultural activities and high market potential in developing countries offer profitable opportunities for players in the biorational pesticide market during the foreseen period 2022 - 2027.

The growing call for pesticides ecological aspects of the agricultural sector is an important factor in the expansion of the world market. Also, a favorable regulatory framework for biorational pesticides is another expansion factor in the industry. Furthermore, escalated investment in agricultural activities, coupled with growing call for organic food, is likely to create lucrative opportunities for major manufacturers of biorational pesticides in the worldwide market during the foreseen period.

Challenges in the Biorational Pesticides Market:

The lack of basic infrastructure is likely to challenge the biorational pesticides market during the outlook period 2022 - 2027.

BIORATIONAL PESTICIDES MARKET REPORT COVERAGE:

Biorational Pesticides Market Segmentation:

Biorational Pesticides Market By Source:

• Botanical
• Microbial
• Inorganic

Microbial pesticides are biological control agents that act on plants in the form of the body itself or the substance it produces. They offer higher selectivity and no toxicity. The microbial segment is expected to experience substantial expansion during the forecast period. The market is driven by the high call for organic food and the rise of modern agricultural activities such as hydroponics, rotational crops, agroforestry practices.

Biorational Pesticides Market By Application:

• Foliar Spray
• Soil Treatment
• Trunk Injection

Biorational Pesticides Market Regional Analysis:

The Biorational Pesticides Market Report includes the segmentation of Regions:

North America 
Europe 
Asia Pacific
Latin America 
Middle East & Africa 

North America accounted for the largest share for biorational pesticides market in 2020, due to escalated call for biorational pesticides in countries such as the United States and Canada. However, Asia Pacific is foreseen to be the fastest growing market during the conjecture period due to augmented awareness and increased production of organic fruits and vegetables. Asia Pacific is estimated to experience the fastest CAGR during the foreseen period 2022 - 2027 due to expansion in awareness and escalated production of organic fruits and vegetables. The rise of modern agricultural practices in countries like India and China is likely to drive call for biorational pesticides in this area. Escalating call for food and modern agricultural activities such as hydroponics, rotary crops and agroforestry practices.

The market for biorational pesticides in Latin America is escalating consumer preference for organic products and rising consumer awareness about the harmful effects of synthetic pesticides on human health. This will stimulate call for biorational pesticides during the forecast period. Africa is projected to show a moderate expansion rate compared to other regions. This is due to the lack of technological advancement and the bad economy. The North American market for biorational pesticides represents the largest revenue share in the worldwide market for biorational pesticides and is determined to maintain its dominance over the envisioned period. The biorational pesticides market in Europe represents the second highest percentage of revenue and is calculated to experience significant expansion over the next few years. The Asia Pacific market is anticipated to experience the fastest expansion with a considerable growth rate over the projection period.

Biorational Pesticides Market Key Players:

The major players covered in the global biorational pesticides market report are Bayer AG, Syngenta AG, Monsanto Company, BASF SE, DowDuPont, Valent BioSciences LLC, ISAGRO S.p.A., Koppert B.V., Marrone Bio Innovations, Russell IPM Ltd, Gowan Company, Suterra, Agralan Ltd, Rentokil Initial plc, McLaughlin Gormley King Company, Summit Chemical, Inc, Prisms India Private Limited, Godrej Agrovet Limited, Navagro, Safsorganic and others.