Biorational Pesticides Market Size, Outlook, Industry Analysis and Share, Growth, Trends, Strategies, forecast year2028
Global Biorational Pesticides Market Overview:
Biorational pesticides are materials which causes minimal to
zero harm to humans, animals, and the surrounding environment. These pesticides
can contain organisms or formulations derived from biological entities. The
global biorational pesticides market report by Market Research Future (MRFR)
contains insights on growth enablers, opportunities, restraints, and challenges
to be faced by the industry for the period of 2021 to 2028 (forecast period).
The outbreak of the COVID-19 virus and its impact on the production and supply
process has also been explained in detail.
Research analyses that the
Biorational Pesticides Market Size is growing with the CAGR of
4.49% in the forecast period of 2021 to 2028 and is expected to reach USD
555.97 billion by 2028.
Market Scope:
The global biorational pesticides market is expected to
experience a momentous growth rate during the forecast period owing to aversion
to chemically derived pesticides. Awareness of environmental sustainability and
inclination towards consumption of organic foods are likely to induce the
demand in the market. The approach of integrated pest management (IPM) is
expected to bode well for the market. In addition, government support for these
programs, campaigns for sustainable crop production, and subsidies given to
farmers can facilitate market growth. This is exemplified by the USDA National
Organic Program which defines the use of organic pesticides to be used for
cultivation of organic crops.
Clean labeling of organic biorational pesticides is
anticipated to assist in sales within the industry. The move by pesticide
formulators to specify ingredients on their products and attaining certificates
of organic for commoditization will benefit the market in the coming years.
The low shelf-life of these products can pose a challenge to
the market growth.
Segmentation:
The global Biorational
Pesticides Market Overview has been segmented by source, mode of
application, type, and crop type.
By source, the global biorational pesticides market is
segmented into minerals, botanical, microbials, and others. Botanicals are
plant-derived materials used for repelling pests. Prominent among them are neem
oil, garlic, pyrethrin, and capsaicin. They are approved for use on organic
certified crops. This segment had dominated the market in 2018. Microbials are
microorganisms programmed to eliminate selective pests with minimal effect on
non-targets.
On the basis of mode of application, the global biorational
pesticides market is segmented into trunk injection, foliar spray, soil
treatment, and others.
By type, it is segmented into biorational nematicides,
biorational insecticides, biorational fungicides, and others. Biorational
insecticides are expected to dominate the global biorational pesticides market
due to being commercially available and awareness among farmers.
On the basis of crop type, the global biorational pesticides
market is segmented into oilseeds & pulses, fruits & vegetables,
cereals & grains, and others.
Regional Analysis:
The global biorational pesticides market has been studied
with regard to four key regions—North America, Europe, Asia Pacific (APAC), and
Rest-of-the-World (RoW).
North is predicted to dominate the global market owing to
vast lands available for agricultural purposes and being host to countries that
are major exporters of condiments, fruits, and vegetables. Efforts are taken by
agricultural agencies in countries to identify pest problems and formulating
organic strategies to tackle them. Recently, the Canadian government took the
initiative of identifying weevils harmful to the Capsicum and Solanum genus of
plants.
APAC is expected to display the fastest growth rate in the
market owing to agrarian economies of India and China. These economies are open
to accepting biorational pesticides for controlling pest volume in crops. The
large demand for foods and the huge populace are incentives ensured to drive
the regional demand for these solutions.
Competition Outlook:
Valent Biosciences, Syngenta AG, BASF SE, Isagro SAP,
Monsanto Bioag, Bayer AG, DowDuPont, Russell IPM, Marrone Bio Innovations, and
Koppert are key players of the global biorational pesticides market.
Partnerships are expected to gain leverage in the industry in order for players
to sustain their standing. For instance, Valent Biosciences has partnered with
Vita Bee Health for developing biorational pesticides for selectively targeting
wax moths in honeycombs.
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