Global Biorational Pesticides Market to Reach $15.6 Billion by 2030
The global market for Biorational Pesticides estimated at US$7.1 Billion in the year 2023, is expected to reach US$15.6 Billion by 2030, growing at a CAGR of 11.9% over the analysis period 2023-2030. Insecticides, one of the segments analyzed in the report, is expected to record a 12.8% CAGR and reach US$9 Billion by the end of the analysis period. Growth in the Fungicides segment is estimated at 11.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 11.2% CAGR
The Biorational Pesticides market in the U.S. is estimated at US$2.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 11.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.4% and 9.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.
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