Global Biorationals Market, By Product (Insecticides, Fungicides, Nematicides), Source (Botanical, Microbial, Non-Organic), Formulation (Liquid, Dry), Application (Foliar Spray, Soil Treatment, Trunk Injection), Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The biorationals market is expected to witness market growth at a rate of approximately 6.10% in the forecast period of 2021 to 2028 and is expected to reach USD 10.37 billion by 2028. Data Bridge Market Research report on biorationals market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growing use of bio-based products as an alternative to synthetic pesticides is escalating the growth of biorationals market.
Biorationals refer to insecticides that are utilized for prevent from pest which are less environmental impact. These insecticides are produced with the help of natural sources including plant extracts and pathogens through biological methods which are highly utilized in structural pest control, public health, forestry, turf, aquaculture, agriculture and home and garden. To gain agriculture sustainability and enhance the quality of crops through environmental pest control technologies is used. Numerous regions are adopting eco-friendly solutions in agriculture industry.
The rise in the implementation of innovative pest management and the increase in concerns regarding synthetic pesticides on the useful organisms in farm products act as the major factors driving the growth of biorationals market. The increasing issue with high content of residues left on cereals and vegetables causing health problems in consumers such as endocrine system impairment in human bodies due to synthetic pesticide and the implementation of regulations associated with the use of pesticides accelerate the biorationals market growth. The restriction on several conventional pesticides in the market, minor risk of residue level and increasing research and development activities influence the biorationals market. The rise in the popularity of bio-based pesticides owning to its efficient pest resistance management, high acceptance rate among farmers and increasing demand for products including pheromones, repellents, neem extracts and essential oils also propels the biorationals market. Additionally, the change in consumer preference towards organic foods, promotion by government organizations, heavy crop loss due to pest attacks, rising concern towards food security, use of sustainable strategies and the evolution of farming practices and technology positively affect the biorationals market. Furthermore, surge in investment in agricultural activities and market potential in developing countries extends profitable opportunities to the biorationals market players in the forecast period of 2021 to 2028.
On the other hand, limited product availability and low shelf life of biorational pesticides are the factors are expected to obstruct the biorationals market growth. Lack of basic agricultural infrastructure is projected to challenge the biorationals market in the forecast period of 2021-2028.
This biorationals market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on biorationals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Biorationals Market Scope and Market Size
The biorationals market on the basis of product, source, formulation, application and crop type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the biorationals market is segmented into insecticides, fungicides and nematicides.
- On the basis of source, the biorationals market is segmented into botanical, microbial and non-organic.
- On the basis of formulation, the biorationals market is segmented into liquid and dry.
- On the basis of application, the biorationals market is segmented into foliar spray, soil treatment and trunk injection.
- On the basis of crop type, the biorationals market is segmented into fruits and vegetables, cereals and grains and oilseeds and pulses.
Global Biorationals Market Country Level Analysis
The biorationals market is analyzed and market size, volume information is provided by country, product, source, formulation, application and crop type as referenced above.
The countries covered in the global biorationals market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the biorationals market due to the stringent regulations against synthetic pesticides, adoption of agri-business initiatives by food processors and farming enterprises, minimal environmental impact, industrialization and increase in investments for enhancing crop yield rates. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the presence of organic producers and stringent regulatory norms in the region.
The country section of the biorationals market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Biorationals Market Share Analysis
The biorationals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to biorationals market.
The major players covered in the biorationals market report are Koppert Biological Systems, Bayer AG, Isagro, Gowan Company, Summit Chemical, Inc., Suterra, Russell IPM, Agralan Ltd, BASF SE, Rentokil Initial plc, McLaughlin Gormley King Company, INORA, Syngenta Group, DowDuPont, Valent BioSciences LLC, Marrone Bio Innovations among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.