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Historical Year
Forecast Year
The global biorationals market reached a value of about USD 2.49 billion in 2023. The industry is further expected to grow at a CAGR of about 11.50% in the forecast period of 2024-2032 to reach a value of around USD 6.62 billion by 2032.
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North America dominated the global biorationals industry. A stringent regulatory framework against synthetic pesticides is contributing tremendously toward product penetration in the region. Food processors are adopting various agri-business initiatives and farming enterprises to address growing concerns regarding food security. Ongoing industrialisation of the food system, particularly in the United States and Canada, minimal environmental impact, and an increase in investments for enhancing crop yield rates are anticipated to drive investments for enhancing crop yield rates with minimal environmental impact.
The Asia Pacific region is expected to witness significant growth during the forecast period because of the presence of organic producers and stringent regulatory norms in the region. The rise in modern agricultural practices in countries such as India and China is expected to boost the demand for biorational pesticides. Rising demand for low priced and high-quality organic commodities from India, China, and Mexico has forced crop producers to enhance their productivity and minimise losses associated with pests. This has resulted in several agro producers to utilise biorationals that improve crop yield, hence gaining a competitive edge over other entities in the market.
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Insecticides known as biorationals are efficient against the target pest while being less toxic to natural adversaries. Natural sources, such as plant extracts and pathogens, are used to make these goods. Structure pest control, agriculture, public health, forestry, turf, aquaculture, and home and garden are the applications for biorational products. Further, biorational goods are often created using both natural and biological techniques.
The various sources are as follows:
Based on crop type, the market is divided into:
The various types of biorationals are:
By formulation, the market is segmented into:
The various modes of applications are:
The end-uses of the market are:
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The regional markets for the biorationals industry can be divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Over the forecast period, increased adoption of integrated pest management is likely to drive industry growth. The harmful effects of synthetic pesticides on beneficial species in farming and terrestrial ecosystems have created plenty of opportunities for bio-based products. The factors that propel the market growth of biorationals include high demand for bio-based products as a substitute to synthetic pesticides, increasing concern toward food safety with the help of supportable strategies, developing farming technology and practices, and advancement by government administrations. The growing demand for residue-free organic crops, and the increased use of environmentally friendly conventional technology, are driving this sector. Also, harmful synthetic pesticides sprayed on vegetables could disrupt the human body's endocrine system, thereby boosting the demand for the global biorationals market. In addition, deviating consumer trends toward natural and organic crop stress management products act as another augmenting factor for market growth. A surge in investment in agricultural activities and market potential in developing countries extends profitable opportunities to the key players in the forecast period.
The report gives a detailed analysis of the following key players in the global biorationals industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Crop Type |
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| Breakup by Type |
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| Breakup by Formulation |
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| Breakup by Mode of Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Price Analysis |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global biorationals market attained a value of nearly USD 2.49 billion.
The market is projected to grow at a CAGR of 11.50% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 6.62 billion by 2032.
The major drivers of the market include the industrialisation of the food system, rise in modern agricultural practices, increasing concern toward food safety, developing farming technology and practices, advancement by government administrations, growing demand for residue-free organic crops, increased use of environmentally friendly conventional technology and surge in investment in agricultural activities.
The increased adoption of integrated pest management and high demand for bio-based products are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various sources are botanicals and semiochemicals, among others.
Based on crop type, the market is divided into cereals and grains, fruits and vegetables, among others.
The various types of biorationals are pesticides, herbicides, and plant growth regulators, among others. Pesticides are further divided into insecticides, fungicides, and nematicides.
By formulation, the market is segmented into liquid and dry.
The various modes of applications are foliar spray, soil treatment, and trunk injection, among others.
The end-uses of the market are forestry, agriculture, public health, and aquaculture, among others.
The major players in the industry are Suterra LLC, Russell IPM Ltd., McLaughlin Gormley King Company, BASF SE, Gowan Crop Protection Limited, and Summit Chemical Co., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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