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Biorationals Market Size

  • Report ID: GMI5657
  • Published Date: Aug 2024
  • Report Format: PDF

Biorationals Market Size

Biorationals Market size achieved USD 1 billion in 2023 and will grow at 9.3% CAGR from 2024 to 2032. Biorational therapy is increasingly being adopted in agricultural production to enhance crop resistance against pests. These non-toxic pesticides and insecticides disrupt the life cycles of harmful insects and pests without eradicating them, thereby preserving beneficial bacteria and insects in the soil and on leaves. This approach not only boosts agricultural yields but also promotes a healthier ecosystem.

 

The popularity of biorational foliar practices is growing due to the rising demand for integrated pest management techniques, pest-resistant insecticides, organic farming methods, and the need to minimize post-harvest crop losses. The biorationals market is experiencing significant growth, driven by the booming production and export of high-quality agricultural products in developing countries, particularly in the Asia Pacific region.
 

Moreover, the adoption of biorationals aligns with the global shift towards sustainable agriculture. Farmers are increasingly recognizing the benefits of using environmentally friendly pest control methods that do not harm the ecosystem. As a result, the market for biorationals is expected to continue its upward trajectory, supported by advancements in agricultural technology and increased awareness of sustainable farming practices.
 

Recently, there has been an increase in the use of biorationals, particularly in developing countries, to increase the yield of fruits & vegetables. This is owing to stringent regulations against the dangerous residues found in plants treated with synthetic materials. The rising need for biorationals is expected to continue this trend globally. The industry's growth is being hampered by the widening demand-supply gap, resulting in a hike in the cost of insecticides & pesticides with an organic base.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global industry size for biorationals was valued at USD 1 billion in 2023 and will experience a 9.3% CAGR from 2024 to 2032, as biorational therapies gain traction in agriculture for boosting crop resistance against pests.

The botanical segment in the biorationals market will exhibit a 9.5% CAGR up to 2032, bolstered by a surge in demand for sustainable and eco-friendly agricultural practices.

Asia Pacific market size will grow to USD 300 million by 2032, thrusted by rising adoption of biorational products in agriculture, forestry, public health, and aquaculture.

Valent BioSciences Corporation, Bayer AG, Isagro SpA, BASF SE, Marrone Bio Innovations Inc, Syngenta AG, Koppert B.V, Certis USA LLC, Russell IPM Ltd, Andermatt Biocontrol AG, Suterra LLC, Gowan Company LLC, Bioworks Inc, Real IPM Kenya Ltd, and Camson Bio Technologies Ltd.

Biorationals Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 172
  • Countries covered: 22
  • Pages: 200
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