Global Biorationals Market Report and Forecast 2024-2032

Global Biorationals Market Outlook

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.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

North America and Asia Pacific to be Significant Regional Markets for Biorationals

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.

Market Segmentations

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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:

• Botanicals
• Semiochemicals
• Others

Based on crop type, the market is divided into:

• Cereals and Grains
• Fruits and Vegetables
• Others

The various types of biorationals are:

• Pesticides
• Insecticides
• Fungicides
• Nematicides
• Herbicides
• Plant Growth Regulators
• Others

By formulation, the market is segmented into:

• Liquid
• Dry

The various modes of applications are:

• Foliar Spray
• Soil Treatment
• Trunk Injection
• Others

The end-uses of the market are:

• Forestry
• Agriculture
• Public Health
• Aquaculture
• Others

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The regional markets for the biorationals industry can be divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

Growing Adoption of Innovative Pest Management Augmenting the Market Growth

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.

Key Players in the Global Biorationals Market

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:

• Suterra LLC
• Russell IPM Ltd.
• McLaughlin Gormley King Company
• BASF SE
• Gowan Crop Protection Limited
• Summit Chemical Co.
• Others

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.

Key Highlights of the Report

Biorationals Market Report Snapshots

Biorationals Market Size

Biorationals Market Growth

Biorationals Companies