Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.12 Billion | USD 17.34 Billion | 10.4% | 2023 |
The global biorational pesticides market size was evaluated at $7.12 billion in 2023 and is slated to hit $17.34 billion by the end of 2032 with a CAGR of nearly 10.4% between 2024 and 2032.
Biorational pesticides are referred to as the class of pesticides of natural origin with their use having no negative impacts on the climate. Reportedly, biorational pesticides include synthetic materials, botanicals, minerals, and microbials. Moreover, botanicals are plant-based materials such as ryania, rotenone, sabadilla, and pyrethrum. A few of the biorational pesticides also include minimally processed kaolin clay, iron phosphate, and insecticidal soap.
Escalating demand for natural pesticides to augment the global market expansion by 2032
The banning of chemical pesticides owing to their negative impact on soil as well as the environment is projected to spur the global biorational pesticides market expansion. Escalating demand for residue-free organic crops is predicted to prop up the expansion of the global market. A prominent increase in population across the globe, swift urbanization, and high crop yield are anticipated to embellish the expansion of the market globally.
Low availability of effective farming amenities can restrict the expansion of the global industry over 2024-2032
Lack of availability of basic farming infrastructure along with the low shelf lifespan of the products can put brakes on the global biorational pesticides industry expansion in the coming years.
Huge consumer preference for organic food can create new growth facets for the global market over forecast period
Growing customer shift towards an organic diet and rise in the consciousness among people about the clean environment will open new avenues of growth for the global biorational pesticides market. Additionally, biorational pesticides are natural products and are utilized in organic farming activities. This, in turn, will generate new facets of expansion for the global market.
Low effect of products on pest eradication can impede the global industry surge over the assessment period
With the product having restricted effectiveness in efficiently managing pests, the global biorational pesticides industry is likely to face a huge challenge in the upcoming years.
The global biorational pesticides market is divided into source, type, mode of application, and region.
In source terms, the biorational pesticides market across the globe is bifurcated into botanical, non-organic, and microbial segments. Additionally, the botanical segment, which acquired nearly 50% of the global market earnings in 2023, is expected to record the highest annual rate of growth in the analysis timeline. The expansion of the segment in the next eight years can be due to the huge demand for biorational pesticides from microbial for effective pest management, nursery management, crop control, and greenhouse management.
Based on the type, the global biorational pesticides industry is divided into biorational herbicides, biorational insecticides, biorational fungicides, and biorational nematicides segments. Moreover, the biorational insecticides segment, which gathered approximately 55% of the global industry proceeds in 2023, is set to make major contributions toward the global industry revenue over the expected timeline. The growth of the segment in the forecasting years can be attributed to the effectiveness of the product in controlling pests without causing harm to crops. Apparently, the product is composed of natural components and hence is in huge demand in recent years.
On the basis of mode of application, the global biorational pesticides market is sectored into trunk injection, foliar spray, and soil treatment segments. Furthermore, the foliar spray segment, which gathered nearly 59% of the global market earnings in 2023, is predicted to make major contributions towards the global industry size in the upcoming years. The growth of the segment in the ensuing years can be attributed to a large number of benefits offered by this mode of application in pest control. Apart from this, foliar spray helps herbs & plants in absorb biorational pesticides rapidly through leaves and offers protection against foliage-related plant diseases.
Report Attributes | Report Details |
---|---|
Report Name | Biorational Pesticides Market |
Market Size in 2023 | USD 7.12 Billion |
Market Forecast in 2032 | USD 17.34 Billion |
Growth Rate | CAGR of 10.4% |
Number of Pages | 223 |
Key Companies Covered | Gowan Company, Bayer AG, Navagro, Syngenta AG, Monsanto Company, BASF SE, Prisms India Private Limited, DowDuPont, Valent BioSciences LLC, McLaughlin Gormley King Company, ISAGRO S.p.A., Koppert B.V., Marrone Bio Innovations, Suterra, Russell IPM Ltd, Agralan Ltd, Rentokil Initial plc, Summit Chemical Inc., Godrej Agrovet Limited, Safsorganic., and others. |
Segments Covered | By Source, By Type, By Mode of Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to maintain its leadership status in the global market in the forecasting years
North America, which accounted for nearly three-fourths of the global biorational pesticides market earnings in 2023, is expected to establish dominance in the global market in the years ahead. In addition to this, the regional market expansion in the coming eight years can be subject to escalating awareness about natural pesticides among the farmers. The growing trend of consuming organic products in countries such as the U.S. and Canada is anticipated to spearhead the growth of the market in the region.
Asia-Pacific biorational pesticides industry is slated to register the highest gains in the next eight years. The rapid progression of the industry in the APAC zone can be subject to the presence of key manufacturers in countries such as China, Japan, India, South Korea, and Indonesia. Moreover, the easy availability of a workforce at lesser wages and cost-effective raw materials will enlarge the scope of the industry growth in the region.
In the first quarter of 2023, Valent BioSciences LLC, a U.S.-based biorational product, acquired FBSciences Holdings Inc., a key firm delivering plant health systems. Furthermore, the acquisition of the firm will improve the position of Valent along with expanding its presence in the bio-stimulants sector.
The global biorational pesticides market profiles key players such as:
Safsorganic.
By Source
By Type
By Mode of Application
FrequentlyAsked Questions
Biorational pesticides are referred to as class of pesticides of natural origin with their use having no negative impacts on the climate.
The global biorational pesticides market growth over forecast period can be owing to banning of chemical pesticides owing to its negative impact on soil as well as environment.
According to a study, the global biorational pesticides industry size was $7.12 billion in 2023 and is projected to reach $17.34 billion by the end of 2032.
The global biorational pesticides market is anticipated to record a CAGR of nearly 10.4% from 2024 to 2032.
The Asia-Pacific biorational pesticides industry is set to register the fastest CAGR over the forecasting timeline owing to presence of key manufacturers in the countries such as China, Japan, India, South Korea, and Indonesia. Moreover, easy availability of workforce at lesser wages and cost-effective raw materials will enlarge the scope of the industry growth in the region.
The global biorational pesticides market is led by players such as Gowan Company, Bayer AG, Navagro, Syngenta AG, Monsanto Company, BASF SE, Prisms India Private Limited, DowDuPont, Valent BioSciences LLC, McLaughlin Gormley King Company, ISAGRO S.p.A., Koppert B.V., Marrone Bio Innovations, Suterra, Russell IPM Ltd, Agralan Ltd, Rentokil Initial plc, Summit Chemical, Inc., Godrej Agrovet Limited, and Safsorganic.
The global biorational pesticides market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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