Biorational Global Market Report 2023: Sector to Reach $29.93 Billion by 2032 at a 20.7% CAGR

Rhea-AI Summary

The global biorational market is projected to reach USD 29.93 billion by 2032, growing at a CAGR of 20.7%. This growth is driven by the increasing demand for biorational therapies in crop production to combat pests effectively. Biorationals, including biological pesticides, are noted for their environmental safety and low toxicity to humans. The report highlights that botanicals will dominate revenue shares, with fruits and vegetables leading demand. Moreover, Asia Pacific is experiencing the fastest revenue growth, largely due to rising consumer demand in China and India.

Positive

• Global biorational market expected to reach USD 29.93 billion by 2032.
• Market growth driven by effective pest control in crop production.
• Botanicals projected to account for the largest revenue share in 2022.
• Fastest revenue growth in Asia Pacific due to increased demand.

Negative

• None.

DUBLIN, Feb. 21, 2023 /PRNewswire/ -- The "Biorational Market Share, Size, Trends, Industry Analysis Report, By Product (Botanical, Semiochemicals, Others); By Crop; By Region; Segment Forecast, 2023-2032" report has been added to  ResearchAndMarkets.com's offering.

The global biorational market size is expected to reach USD 29.93 billion by 2032, according to a new study by the publisher. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing application of biorationals therapy in the field of crop production to boost resistance to insects and pests is a significant factor influencing global revenue growth. This is a result of their tremendous effectiveness.

Biorationals are biological pesticides and other products connected to plants that are environmentally benign. They are non-toxic to humans and have few adverse effects on the environment. These goods are reasonably priced, secure, and beneficial.

The market for biorational products is expected to rise in response to the growing use of integrated pest management. An environmentally friendly method of controlling pests is called integrated pest management. Integrated pest management entails utilizing the most effective mix of cultural, biological, and chemical controls for a given situation, incorporating plant biotechnology as necessary. Intense growth in the usage of biorational solutions for the control of insect pests has boosted their appeal.

Additionally, it is anticipated that organic farming methods will spread rapidly around the world in the next years. For instance, according to the National Center for Organic and Natural Farming's 2021 report, there are 187 countries that practice organic farming, and at least 3.1 million farmers are responsible for managing 72.3 million hectares of this land. Areas for raising livestock and beekeeping make up the majority of them. Aquaculture, forests, and grazing regions are other non-agricultural areas. 35 million hectares total is included here. And the total area of all the organic lands was 107.4 million hectares.

Biorational Market Report Highlights

• In 2022, botanicals are anticipated to account for the largest revenue share. The increased use of natural plant products as pesticides and to manage pests such as nematodes and aphids is one of the key factors in this market's rise.
• In 2022, the Fruits and Vegetables category will have a significant revenue share. The increased product demand from crop protection activities such as foliar spraying of insecticides and pesticides is driving market expansion.
• Asia Pacific accounted for the fastest growth of worldwide revenues in 2021. The primary factor driving market expansion is anticipated to be Chinese and Indian consumers' demand for affordable, high-quality organic products.
• The global players with global presence include Koppert, Bayer AG, Isagro S.P.A, Gowan, and Summit Chemicals.

Product market research has segmented the biorational market report based on product, crop, and region:
Biorational, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Botanical
• Semiochemicals
• Others

Biorational, Crop Outlook (Revenue - USD Billion, 2019 - 2032)

• Fruits & Vegetables
• Cereals
• Grains
• Corn
• Others

Biorational, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
• U.S
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Asia Pacific
• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Latin America
• Argentina
• Brazil
• Mexico
• Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Research Methodology

4. Global Biorational Market Insights

5. Global Biorational Market, by Product

6. Global Biorational Market, by Crop

7. Global Biorational Market, by Geography

8. Competitive Landscape

9. Company Profiles

Companies Mentioned

• Koppert B.V.
• Bayer AG
• Isagro S.P.A
• Gowan
• Summit Chemicals
• McLaughlin Gormley King
• Suterra
• Russell IPM
• Agralan
• BASF SE
• Syngenta
• Monsanto
• Crop Science
• Chemtura
• Nufarm and DuPont

For more information about this report visit https://www.researchandmarkets.com/r/y4d1c2

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FAQ

What is the projected growth of the biorational market?

The biorational market is projected to reach USD 29.93 billion by 2032.

What is the expected CAGR for the biorational market?

The biorational market is expected to grow at a CAGR of 20.7%.

Which product type is expected to dominate the biorational market?

Botanicals are anticipated to account for the largest revenue share in the biorational market.

Which region is experiencing the fastest growth in the biorational market?

Asia Pacific is experiencing the fastest revenue growth in the biorational market.

What factors are driving growth in the biorational market?

The growth is driven by increasing demand for effective pest control and the rising popularity of organic farming methods.