Biorationals Market - Global Industry Analysis

Biorationals Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6778 Status : Upcoming

Description

Global Biorationals Market: Overview

Biorationals are kinds of insecticides that function against the targeted pest and are non-toxic to natural animals. They are largely employed in gardens, forestry, and agriculture. They possess high specificity and are also known as organic pesticides for biopesticides. These products offer a large number of advantages to farmers, particularly for early control and detection of pests.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Biorationals Market: Growth Factors

The growing implementation of innovative pest management solutions is likely to steer the growth of the global biorational market during the forecast period. However, the ill effects of synthetic pesticides, especially on good organisms in farm products, are likely to create several lucrative growth opportunities in the market. In addition, huge residue content is left on vegetables in cereals, which in turn also affects human health by impairing the endocrine system. As a result, a large number of laws are being framed on the number of residue levels used for pest control agents. Also, many traditional pesticides are withdrawn due to the implementation of such acts in several regions. The advent of eco-control products poses minor risks and is also expected to open plenty of opportunities for organizations to improve their research and development investments during the forecast period. The growing adoption of integrated pest management solutions in the modern-day world will also widen the scope of biorationals. Furthermore, the disruptive consumer trends regarding organic and natural crop pest management products will further fuel the market growth exponentially. Biorational products are highly adopted across aquaculture, public health, forestry, structural pest control, and agricultural applications. The ongoing technological advancements in the field of biorational pesticides offering negligible MRL risks are highly grabbing attention. Also, these pesticides have gained wide acceptance from local farmers and large farm owners; thereby, it is expected to accentuate the demand for biorational exponentially over the forecasted years. According to reports from the United Nations, the world population is likely to reach 8.2 billion by the end of 2030, and thereby the demand for agricultural commodities is likely to grow to 2X over the forecast period. Therefore, several sustainable solutions are being adopted to address the surging problem of food security. All these aforementioned factors are likely to promulgate the growth of the global biorationals market over the forecasted period.

Global Biorationals Market: Segmentation

The global biorationals market can be segmented into crop, product, and region.

By crop, the market can be segmented into oilseeds & fiber, fruits & vegetables, cereals & grains, and others. The fruits & vegetable segment accounts for the largest share in the global biorationals market due to the surging concerns regarding insects like coleopterous on the berry, pome, and citrus fruits. The cereals & grains segment is also likely to grow significantly due to the high prevalence of bug diseases. Also, the growing issues over the prevalence of aphids are significantly compelling the producers to use biocontrol agents like semiochemicals or pheromone traps for better insect control. The presence of high content of active ingredients along with cases of degradation of metabolites on cereal and vegetables are posing a much negative impact on human health, and therefore, there is a huge need for eco-control products that offer minimum MRL risk.

By product, the market can be segmented into semiochemicals and botanicals. The semiochemicals segment dominates the global biorationals market due to the growing adoption of quality control techniques along with efficient monitoring in the agriculture sector. However, the botanicals segment is likely to register a significant growth rate over the forecasted period due to the growing trend of natural plant products as insecticides.

Global Biorationals Market: Regional analysis

North America accounts for the largest share in the global biorationals market due to the growing strict regulations against the usage of synthetic pesticides in the region. Also, the growing agri-business initiatives adopted by farming enterprises and food processes to overcome the issues of food security are further posing a huge demand for biorationals in the region. The surging food industrialization, particularly in Canada and US, are likely to increase the investments for improving the crop yield with less damage to the environment.

Asia Pacific is expected to witness a significant growth rate over the forecasted period due to the growing demand for high-quality organic commodities from growing economies like China, India, and Mexico. Also, the growing demand for food owing to the increasing population has induced the producers to adopt sustainable solutions to improve productivity and lower the losses incurred due to pests.

Global Biorationals Market: Competitive Players

Some of the significant players in the global biorationals market are Summit Chemical, Gowan Company, LLC, Isagro Spa, Inora, BASF SE. Bayer AG, Koppert BV, McLaughlin Gormley King, Rentokil Initial Plc, Agralan Ltd., Russell IPM Ltd., and Suterra, LLC.

Global Biorationals Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The growing implementation of innovative pest management solutions is likely to steer the growth of the global bio rational market during the forecast period. However, the ill effects of synthetic pesticides, especially on good organisms in farm products, are likely to create several lucrative growth opportunities in the market. In addition, huge residue content is left on vegetables in cereals, which in turn also affects human health by impairing the endocrine system.

Some of the significant players in the global biorationals market are Summit Chemical, Gowan Company, LLC, Isagro Spa, Inora, BASF SE. Bayer AG, Koppert BV, McLaughlin Gormley King, Rentokil Initial Plc, Agralan Ltd., Russell IPM Ltd., and Suterra, LLC.

North America accounts for the largest share in the global biorationals market due to the growing strict regulations against the usage of synthetic pesticides in the region. Also, the growing agri-business initiatives adopted by farming enterprises and food processes to overcome the issues of food security are further posing a huge demand for biorationals in the region.

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