Global Biorational Market Price 2024, Forecast To 2033
15 Feb, 2024
The biorational market has experienced rapid growth, ascending from $3.9 billion in 2023 to $4.56 billion in 2024, showcasing a compound annual growth rate (CAGR) of 17.0%. This growth is linked to increased awareness of environmental concerns, the adverse effects of chemical pesticides, and a shift toward eco-friendly agricultural practices. Forecasts suggest continued expansion to $8.37 billion in 2028, fueled by regulatory support, the push for organic farming, and a desire to minimize chemical residues in food. Noteworthy trends include advancements in research, increased adoption of integrated pest management (IPM) strategies, and improved formulations.
Global Biorational Market Key Driver
The increasing adoption of integrated pest management is driving the demand for biorational products. Integrated pest management, emphasizing sustainable and environmentally friendly pest control methods, has gained popularity. The adoption of biorational products, which include biological pesticides and other eco-friendly solutions, supports effective pest management.
Get A Free Sample Of The Global Biorational Market ReportGlobal Biorational Market Segments
The biorational market covered in this report is segmented –
1) By Product Type: Botanicals, Semiochemicals, Other Product Types
2) By Formulation: Liquid, Dry
3) By Crop Type: Cereals and Grains, Fruits and Vegetables, Other Crop Types
4) By Application: Agriculture, Aquaculture, Structural Pest Control, Other Applications
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North Americawas the largest region in the biorational market in 2023. The regions covered in the biorational market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Biorational Industry Players
Isagro S. p. A.; Summit Chemical Company; Gowan Company LLC; BASF SE; Suterra LLC; McLaughlin Gormley King Company; Marrone Bio Innovations Inc.; Biological Control Products LLC; Russell IPM Ltd.; Valent BioSciences LLC; Sumitomo Chemical Company Limited; Certis USA LLC; BioWorks Inc.; Koppert Biological Systems B. V.; Vestaron Corporation; Andermatt Group AG; AgBiTech Pty Ltd.; e-nema GmbH; Novozymes A/S; Nufarm Limited; OHP Inc.; Sipcam Agro USA Inc.; Verdera Oy; STK Bio-ag Technologies; Cedar Chemicals LLC; Pherobank BV; Exosect Ltd.; Shin-Etsu Chemical Co. Ltd.; AgriSense-BCS Ltd.
Get The Full Global Biorational Market Report
Biorational Market Overview
Biorational refers to the idea that effective insect pest control can be achieved with synthetic or natural substances that are low in toxicity to nontarget creatures (such as humans, animals, and natural enemies) and the environment. Biorationals are products, such as biopesticides and non-pesticides, that can be used to manage crop stress, improve plant physiology, limit root growth, manage post-harvest, or act as an alternate control agent to conventional pesticides and antimicrobials.
Biorational Global Market Report 2023 provides data on the global biorational market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The biorational market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.