Home > Food, Nutrition & Animal Feed > Biorationals Market
Biorationals Market size exceeded USD 940.20 million in 2022 and is anticipated to grow at a CAGR of over 9.1% from 2023 to 2032. Biorationals therapy is being used more frequently in agricultural production to increase crop resistance to pests and insects. The biorationals are non-toxic pesticides and insecticides that stop the regular process of eradicating certain insects and pests. Insect and pest lifecycles are destroyed with biorationals, while beneficial bacteria and pests are preserved in the soil and on the leaves, thus increasing the output of agricultural products.
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Biorationals foliar practices have gained popularity due to the growing need for integrated pest management techniques, insecticides, resistance to pests, and organic farming methods, as well as for minimizing post-harvest crop losses. The biorationals market growth is due to the booming manufacturing & shipping of high-quality agricultural goods in the developing countries in Asia Pacific.
Report Coverage | Details |
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Base Year: | 2022 |
Market Size in 2022: | USD 940.20 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 9.1% |
2032 Value Projection: | USD 2.22 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 350 |
Tables, Charts & Figures: | 209 |
Segments covered: | Application, Product, Crop and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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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.
The covid-19 pandemic have a negative impact on the biorationals market. The manufacturer of biorationals faced a huge challenge due to restriction and disruption in supply chain. The production of biorationals was low in 2021 due to pandemic. This is due to the measures Chinese authority have taken to contain the spread of pandemic. The global supply chain from raw material sourcing disrupted due to COVID-19 pandemic.
As biorationals reduce the amount of harmful residues on vegetables & fruits and prevent diseases & infections spread by seeds and leaves, they are in high demand in agricultural practices. They shorten the germination period, encourage pollination, boost general productivity, and increase crop yield. The growing health concerns about the yield of crops and fruits as well as the residue of synthetic insecticides are driving the use of biorationals.
Biorationals are utilized as a successful cure against insects and pests due to their natural pheromone content. The growing need for a high agricultural yield and the development of organic seeds to reduce the dangerous chemical residues in grains & agricultural goods have increased the biorationals market demand.
Product demand is increasing on a global scale for safeguarding and enhancing high-yield crops. The U.S. and other developed economies in Europe have sizable markets for agricultural products and adhere to the "Farm to Fork" philosophy. Consumers in these regions are increasingly concerned about the chemical residues in fruits & vegetables.
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The fruits & vegetable segment dominated the global biorationals market in 2022 and accounted for the maximum revenue share. The growth can be credited to the high product demand from crop protection activities, i.e. insecticidesbpesticides foliar application activities. Biorationals are less toxic organically derived pesticides and insecticides activity for crop protection. Biorationals affect the life cycle of living organisms that can interrupt the life cycle of insect pests in such a way that crop damage can be minimized in the future. The biorationals support the predators, parasites, and, disease-causing fungi bacteria, and viruses, which are the natural enemies of pests and insects.
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In 2022, the botanical product segment led the global market and generated the highest percentage of total revenue. The rising demand from Asia Pacific's emerging economies, including China and India, is responsible for the biorationals market revenue.
Due to the zero residue that is obtained in agricultural goods, the application of biorationals has increased during the past ten years. Insecticides and pesticides help eradicate pests and insects from seeds and soils without leaving any risky chemical residues in crops and fruits. Farmers in North America and Europe were among the first to use biorational products because the majority of their consumers preferred organically produced agricultural goods.
Asia Pacific biorationals market is expected to hold remarkable revenue share during the forecast period, led by the ongoing technological research and development activities in the field of biorationals. Crop growers are being pressured by the rise in demand for low-cost, high-quality, organic products from China, Mexico, and India to increase productivity and reduce pest-related losses. This has led to some agro-producers using biorationals that increase crop productivity, giving them a competitive advantage over other companies.
Due in large part to the rising demand for inexpensive and effective synthetic pesticides, the demand for Biorational is characterised by profitable growth in the Asia Pacific region. In the coming years, demand for biorationals is anticipated to increase in APAC owing to the tight regulatory standards for MRL in the aforementioned regions.
Some of the major companies operating in the biorationals market are 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., Camson Bio Technologies Ltd. These companies are engaged in startergic partneships and colaboration with instllaors and manufacturer of biorationals inorder to gain a competitive advantage in the market.
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Market, By Application (2028-2032)
Market, By Product (2028-2032)
Market, By Crop (2028-2032)
The above information has been provided for the following regions and countries: