Latin America Biorational Market

Latin America Biorational Market Size (2024 to 2029):

Latin America's biorational market is expected to reach USD 0.75 billion in 2024 and reach USD 1.98 billion by 2029, estimated to be growing at a CAGR of 21.4% 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 the natural sources such as plant extracts, insects pathogens etc. Biorational pesticides have witnessed increasing acceptance among agricultural farm owners as these are efficient in managing pest resistance. This has steered significant demand for major products such as pheromones, neem extracts, essential oils, and repellants over the past few years.

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, cause infections, and are harmful if taken internally. As a result, there is an increased need for biobased products. There has also been a rise in the demand for organic food products, which has fueled the growth of the market. There has been 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.

This research report on the Latin America biorational market is segmented and sub-segmented into the following categories:

Latin America Biorational Market - By Product:

• Botanical products
• Microbial pesticides
• Semi chemicals
• Bio rational products

Latin America Biorational Market - By Crop Type:

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

Latin America Biorational Market - By Method of Propagation:

• Foliar spray
• Seed treatment
• Soil treatment
• Others

Latin America Biorational Market – By Country:

• Brazil
• Mexico
• Argentina
• Chile
• Rest of Latin America

KEY MARKET PLAYERS:

Some of the key players dominating the market are Koppert B.V., Marrone Bio Innovations, Monsanto Company, Dow Chemical Company, Gowan Company LLC, and 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.