Global Biorational Pesticides Market Analysis & Trends - Industry Forecast to 2030
Biorational Pesticides: Market Size
From $543.92 billion in 2024, the global Biorational Pesticides market is projected to reach $882.49 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 8.4% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include increasing investment in agricultural activities, promotion by government organizations, and the increasing demand for residue-free organic crops.
Global Biorational Pesticides Market: Market Dynamics The factors such as consumer shift toward organic foods, the rise in the usage of conventional technology which is ecologically sustainable, heavy crop loss due to pest attacks, and evolving farming practices & technology are driving the market growth.
On the other hand, the limited product availability and low shelf life of biorational pesticides are likely to obstruct the profit boundaries. In addition, the strong market potential in developing countries will further boost the Biorational Pesticides market.
Impact of COVID-19 on Biorational Pesticides There is no doubt that, in addition to its impact on public health, Coronavirus and the blockade that took place from March 2020 in an attempt to contain its spread have had a significant economic impact that affected all sectors of the economy. The agricultural markets are not an exception. Although food is a commodity that, in principle, is not subject to movement restrictions, food markets have been significantly affected by the spread of the new coronavirus disease. The impact was manifested in the form of supply and call shocks. On the supply side, along the value chain, there are labor and logistical limitations. All these factors have implications for the quantities of goods reaching the wholesale markets that feed the retail outlets and the prices at which the trade takes place.
By Source
Botanical Segment Dominate the Market in 2024 The botanical segment made huge revenue in 2024 during the forecast period due to naturally occurring substances that control pests using a non-toxic mechanism. The substances that control diseases in this category include pyrethrin, azadirachtin, and plant extracts, while botanical oils such as neem oil, canola oil, and jojoba oil drive the growth of this segment.
By Geography
Asia Pacific Region is Leading in the Global Market Place Asia Pacific region is likely to have a huge demand in the forecast period due to increased awareness and rising production of organic fruits & vegetables. The rise of modern agricultural practices in countries like India and China is likely to drive a call for biorational pesticides in this area.
List of the Key Players Profiled in the Market Include: • BASF SE • Monsanto BioAg • Rentokil Initial plc • Russell IPM Ltd • Suterra • Syngenta AG • Valent Biosciences LLC • Agralan Ltd • Bayer AG • DowDuPont • Gowan Company • ISAGRO S.p.A • Koppert B.V • Marrone Bio Innovations • McLaughlin Gormley King Company
List of the Regions/Countries Profiled in the Market Include: North America • US • Canada • Mexico Europe • Germany • U.K • Italy • France • Spain • Rest of Europe Asia Pacific • China • Japan • India • Australia • New Zealand • Rest of Asia Pacific Middle East • Saudi Arabia • UAE • Rest of Middle East Latin America • Argentina • Brazil • Rest of Latin America Rest of the World (RoW) • South Africa • Others
1 Market Outline
1.1 Definition
1.2 Market Segmentation & Scope
1.3 Market Trends
1.4 Regulatory Factors
1.5 Strategic Benchmarking
1.6 Opportunity Analysis
2 Executive Summary
3 Research Methodology and Data Source
3.1 Methodology/Research Approach
3.1.1 Research Programs/Design
3.1.2 Market Size Estimation
3.2 Data Source and Assumptions
3.2.1 Purchased Database
3.2.2 Company Repository
3.2.3 Secondary Sources
3.2.4 Primary Research
3.2.5 List of Assumptions
4 Market Overview
4.1 Current Trends
4.1.1 Increasing Investment in Agricultural Activities
4.1.2 Promotion By Government Organizations
4.1.3 The Increasing Demand for Residue-Free Organic Crops