The global biorationals market size reached US$ 4.8 Billion in 2023. Looking forward, the market is projected to reach US$ 8.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.69% during 2023-2032.
Biorationals are low environmental impact substances or products, such as botanicals, microbials, minerals, synthetics, biostimulants, and soil conditioners, which are derived from natural or biological origins. They are widely used in agriculture, public health, forest health, aquaculture, turf, structural pest control, and home and garden applications for enhancing plant physiology and managing crop stress and root growth. They are also utilized as an alternative control agent to pesticides and antimicrobials for maximizing productivity, quality, and sustainability in agricultural production systems, disease vector management systems, and industrial and residential settings.
Apart from this, government agencies of numerous countries are promoting the utilization of integrated pest management strategies, which include early detection of pests using selective products that provide control while preserving the ecological health of the farm and minimizing adverse effects on beneficial insects. This, in turn, is presenting lucrative opportunities to manufacturers, investors, and end users and contributing to the growth of the market. Besides this, the growing preferences for sustainable farming practices, increasing adoption of the green crop protection concept, and stringent regulations for lowering maximum residue limit (MRLs) are some of the other significant factors anticipated to influence the market positively in the coming years.
2. What is the expected growth rate of the global biorationals market during 2024-2032?
3. What are the key factors driving the global biorationals market?
4. What has been the impact of COVID-19 on the global biorationals market?
5. What is the breakup of the global biorationals market based on the source?
6. What is the breakup of the global biorationals market based on the type?
7. What is the breakup of the global biorationals market based on crop type?
8. What are the key regions in the global biorationals market?
9. Who are the key players/companies in the global biorationals market?
Biorationals are low environmental impact substances or products, such as botanicals, microbials, minerals, synthetics, biostimulants, and soil conditioners, which are derived from natural or biological origins. They are widely used in agriculture, public health, forest health, aquaculture, turf, structural pest control, and home and garden applications for enhancing plant physiology and managing crop stress and root growth. They are also utilized as an alternative control agent to pesticides and antimicrobials for maximizing productivity, quality, and sustainability in agricultural production systems, disease vector management systems, and industrial and residential settings.
Biorationals Market Trends
The increasing shortage of food across the globe on account of the growing global population, altering climatic conditions, and the declining arable land area represents one of the key factors driving the demand for biorationals to minimize crop loss and enhance the overall crop yield. In addition, the rising awareness among individuals about the adverse effects of chemical pesticides on the food chain and environment is encouraging the adoption of biopesticides.Apart from this, government agencies of numerous countries are promoting the utilization of integrated pest management strategies, which include early detection of pests using selective products that provide control while preserving the ecological health of the farm and minimizing adverse effects on beneficial insects. This, in turn, is presenting lucrative opportunities to manufacturers, investors, and end users and contributing to the growth of the market. Besides this, the growing preferences for sustainable farming practices, increasing adoption of the green crop protection concept, and stringent regulations for lowering maximum residue limit (MRLs) are some of the other significant factors anticipated to influence the market positively in the coming years.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global biorationals market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on source, type, crop type, formulation, application and end user.Breakup by Source:
- Botanicals
- Semiochemicals
- Others
Breakup by Type:
- Pesticides
- Insecticides
- Fungicides
- Nematicides
- Herbicides
- Plant Growth Regulators
- Others
Breakup by Crop Type:
- Cereals and Grains
- Fruits and Vegetables
- Others
Breakup by Formulation:
- Liquid
- Dry
Breakup by Application:
- Foliar Spray
- Soil Treatment
- Trunk Injection
- Others
Breakup by End User:
- Forestry
- Agriculture
- Public Health
- Aquaculture
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Bayer AG, Gowan Company LLC, Institute of Natural Organic Agriculture (INORA), Isagro S.p.A., Koppert B.V., Marrone Bio Innovations Inc., Rentokil Initial plc, Russell IPM Ltd., Sumitomo Chemical Co. Ltd., Summit Chemical Company and The Wonderful Company LLC.Key Questions Answered in This Report
1. What was the size of the global biorationals market in 2023?2. What is the expected growth rate of the global biorationals market during 2024-2032?
3. What are the key factors driving the global biorationals market?
4. What has been the impact of COVID-19 on the global biorationals market?
5. What is the breakup of the global biorationals market based on the source?
6. What is the breakup of the global biorationals market based on the type?
7. What is the breakup of the global biorationals market based on crop type?
8. What are the key regions in the global biorationals market?
9. Who are the key players/companies in the global biorationals market?
Table of Contents
1 Preface3 Executive Summary14 Value Chain Analysis16 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Biorationals Market
6 Market Breakup by Source
7 Market Breakup by Type
8 Market Breakup by Crop Type
9 Market Breakup by Formulation
10 Market Breakup by Application
11 Market Breakup by End User
12 Market Breakup by Region
13 SWOT Analysis
15 Porters Five Forces Analysis
17 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- BASF SE
- Bayer AG
- Gowan Company LLC
- Institute of Natural Organic Agriculture (INORA)
- Isagro S.p.A.
- Koppert B.V.
- Marrone Bio Innovations Inc.
- Rentokil Initial plc
- Russell IPM Ltd.
- Sumitomo Chemical Co. Ltd.
- Summit Chemical Company
- The Wonderful Company LLC.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 135 |
Published | April 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 4.8 Billion |
Forecasted Market Value ( USD | $ 8.6 Billion |
Compound Annual Growth Rate | 6.6% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |