Biorational Pesticides Global Market Report 2024

Biorational pesticides represent a category of pest control solutions derived from natural sources. These products are designed to target specific pests while minimizing adverse effects on non-target organisms and the environment. They are recognized for their eco-friendliness and sustainability compared to conventional chemical pesticides.

The primary types of biorational pesticides include biorational insecticides, biorational fungicides, biorational nematicides, and other variations. Biorational insecticides, for instance, are formulated specifically to manage insect pests by targeting and disrupting their life cycles or physiological processes. These pesticides are sourced from botanical, microbial, and non-organic origins. They find application across various crops such as fruits, vegetables, cereals, grains, oilseeds, and pulses, available in both liquid and dry formulations. Various modes of application include foliar spray, soil treatment, trunk injection, and other application methods.

The biorational pesticides market research report is one of a series of new reports from The Business Research Company that provides biorational pesticides market statistics, including biorational pesticides industry global market size, regional shares, competitors with a biorational pesticides market share, detailed biorational pesticides market segments, market trends and opportunities, and any further data you may need to thrive in the biorational pesticides industry. This biorational pesticides market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The biorational pesticides market size has grown rapidly in recent years. It will grow from $5.91 billion in 2023 to $6.75 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth observed during the historic period can be attributed to several factors, including an increased demand for organic agriculture, the implementation of stringent regulations on chemical pesticides, heightened consumer awareness and preference for eco-friendly products, and efforts towards managing resistance in pest control strategies. These elements collectively contributed to the rise and development of biorational pesticides as a more sustainable alternative within the pest control industry.

The biorational pesticides market size is expected to see rapid growth in the next few years. It will grow to $10.96 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The anticipated growth in the forecast period is influenced by various factors, including the expansion of sustainable farming practices, increased adoption of biopesticides as effective crop protection solutions, ongoing research and development in bio-based technologies, a global shift towards more environmentally friendly agricultural practices, and the growing adoption of integrated pest management strategies. Key trends expected in this period encompass the application of precision agriculture techniques, a resurgence of integrated pest management (IPM) approaches, regulatory support and encouragement for the use of biorational pesticides, continued emphasis on research and development initiatives, and the rising awareness and preference among consumers for environmentally friendly and sustainable agricultural products.

The anticipated growth in the demand for residue-free organic crops is set to drive the expansion of the biorational pesticides market. Residue-free organic crops refer to agricultural products cultivated through organic farming practices, avoiding the use of synthetic pesticides, herbicides, fungicides, or other chemicals that leave residues. In organic farming, biorational pesticides play a crucial role in preventing soil contamination and controlling specific insects, weeds, and nematodes. The U.S. Department of Agriculture reported a notable increase in total organic goods sales, reaching $11.2 billion in 2021, with a 13% rise from 2019. The number of certified organic farms also saw a 5% increase, reaching 17,445 in 2021. This surge in demand for residue-free organic crops is a key driver behind the growth of the biorational pesticides market, reflecting the growing preference for sustainable and organic agricultural practices.

The biorational pesticides market is expected to experience growth driven by increasing environmental concerns. Environmental concerns encompass a wide range of issues, including the depletion of natural resources, pollution, climate change, and other factors that pose threats to ecosystems and human well-being. Biorational pesticides address these environmental concerns by offering sustainable and eco-friendly alternatives to conventional pesticides, contributing to environmentally conscious agricultural practices. Earth.org reported that the United States emitted approximately 67 million tons of carbon dioxide in 2021, ranking as the world's second-largest emitter. Growing environmental concerns worldwide are leading to a heightened demand for biorational pesticides, as they offer effective pest control while minimizing environmental impact.

A key trend gaining traction in the biorational pesticides market is product innovation. Major companies in the market are actively introducing new products to enhance their market positions. An example is Sumitomo Chemical India Ltd., an India-based manufacturer of household insecticides, which launched three registered products in India-Danitol NXT, Pyclome, and Sumi Blue Diamond-in July 2022. These new insecticides and biorational portfolio additions aim to address emerging pest concerns in paddy, cotton, and brinjal cultivation. Sumi Blue Diamond, a unique formulation and the first Plant Growth Regulator in the granule category approved by the Central Insecticide Board (CIB), benefits paddy growers by improving crop growth and increasing production. Pyclome, a combination of two established chemicals, offers superior pest control for cotton and brinjal crops. Danitol NXT, an innovative EW (Emulsion-in-water) formulation, provides safe and effective pest control for Indian rice farmers. This focus on product innovation demonstrates the commitment of major players to stay competitive and cater to evolving market demands.

Major players in the biorational pesticides market are directing their focus towards the development of advanced products, with a notable example being extended-release pouches designed for the pre-hatch and standing water control of mosquito larvae. Extended-release pouches are pharmaceutical dosage forms crafted to release a drug gradually over an extended period, ensuring sustained therapeutic effects and reducing the need for frequent administration. Valent BioSciences, a leading biorational product company based in the United States, exemplified this focus by launching MetaLarv XRP in May 2021. This product, featuring Triple Release Technology, offers immediate and sustained control of mosquito larvae in catch basins and storm drains. The extended-release pouch formulation provides 90-100 days of residual control, addressing challenging environments and maximizing operational efficiency and flexibility in application. This innovation represents a significant advancement in the biorational pesticides market, showcasing the industry's commitment to delivering effective and sustainable pest control solutions.

In January 2023, Valent BioSciences LLC, a US-based company specializing in biorational products, completed the acquisition of FBSciences Holdings Inc. The undisclosed investment in FBSciences Holdings Inc. has bolstered Valent's standing as a global frontrunner in biorational solutions, enlarging its footprint in the biostimulants market, broadening its product portfolio, fostering innovation, and furthering sustainable agricultural practices. FBSciences Holdings Inc., also based in the US, specializes in the research, development, and commercialization of biostimulants and biopesticides.

Major companies operating in the biorational pesticides market report are BASF SE, Dow Inc., Bayer Aktiengesellschaft, Syngenta International AG, Corteva Inc, Monsanto Company, UPL Limited, FMC Corporation, Rentokil Initial plc, Nufram Ltd., CAMSON Bio Technologies Pvt Ltd., Kemin Industries Inc., PI Industries Limited, Gowan Company Inc., Koppert Biological Systems B.V., Certis USA LLC, Suterra Inc., Valent BioSciences LLC, Russell IPM Ltd., Terramera Inc., Andermatt Biocontrol AG, Vestaron Corporation, Marrone Bio Innovations Inc., Bionema Limited, Cropex Pvt. Ltd., ISAGRO Societa Agricola per Azioni, AgroPy (UK) Ltd.

North America was the largest region in the biorational pesticides market in 2023. The regions covered in the biorational pesticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the biorational pesticides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The biorational pesticides market consists of sales of microbial pesticides, biochemical pesticides, plant-incorporated protectants, semi chemicals, and biological control agents. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Biorational Pesticides Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on biorational pesticides market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for biorational pesticides ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The biorational pesticides market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Biorational Insecticides; Biorational Fungicides; Biorational Nematicides; Other Types
• 2) By Source: Botanical; Microbial; Non-Organic; Other Sources
• 3) By Crop Type: Fruits And Vegetables; Cereals And Grains; Oilseeds And Pulses; Other Crop Types
• 4) By Formulation: Liquid; Dry
• 5) By Mode of Application: Foliar Spray; Soil Treatment; Trunk Injection; Other Modes of Application
• Companies Mentioned: BASF SE; Dow Inc.; Bayer Aktiengesellschaft; Syngenta International AG; Corteva Inc
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.