Biorationals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Biorationals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global biorationals market size reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.

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:
IMARC Group 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 2023-2028. Our 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:
How has the global biorationals market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global biorationals market?
What are the key regional markets?
What is the breakup of the market based on the source?
What is the breakup of the market based on the type?
What is the breakup of the market based on the crop type?
What is the breakup of the market based on the formulation?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global biorationals market and who are the key players?
What is the degree of competition in the industry?