Microbial Biorational Pesticide Market Forecasts to 2028 – Global Analysis By Type (Insecticides, Fungicides and Nematicides), By Application (Nematicides, Soil treatment and Trunk injection) and Geography

Microbial Biorational Pesticide Market Forecasts to 2028 – Global Analysis By Type (Insecticides, Fungicides and Nematicides), By Application (Nematicides, Soil treatment and Trunk injection) and Geography

According to Stratistics MRC, the Global Microbial Biorational Pesticide Market is accounted for $1.31 billion in 2022 and is expected to reach $2.44 billion by 2028 growing at a CAGR of 10.8% during the forecast period. Microbial Biorational Pesticides are pesticides that use naturally occurring or bioengineered microorganisms and other products such as enzymes and metals. These biopesticides can be used to control a wide range of insect pests on a variety of crops while being less toxic than conventional chemicals. Microbial bioregulators can be more beneficial than traditional synthetic pesticides because they do not harm the environment or non-target organisms such as pollinators.

According to the standards set by the Environmental Protection Agency (EPA), the application of biorational pesticides poses a lesser risk to animals and the environment, where it provides lucrative opportunities for the market to grow.

Market Dynamics:

Driver:

Organic crops & usage of conventional technology

The growing demand for residue-free organic crops, as well as the increasing use of environmentally sustainable conventional technology, are driving the market for microbial biorational pesticides. The agricultural sector's expansion and the increasing use of integrated pest management are driving the market forward. The market has grown significantly as a result of factors such as consumer shifts toward organic food and large crop losses due to pest attacks. Moreover, advances in agricultural practises and technology are propelling the global microbial biorational pesticides market forward.

Restraint:

Lack of awareness among farming communities

The global microbial biorationals market is hampered by a lack of awareness among farming communities and the comparatively low efficiency of natural pesticides in pest control. One of the main market constraints when compared to traditional pesticides is a slower rate of control, as well as lower effectiveness and shorter persistence.

Opportunity:

Government initiatives to promote non-toxic pesticides

The government's initiatives to promote the use of microbial biorational pesticides due to their non-toxic properties and low environmental impact, as well as the product's growing adoption as it contributes to the management of plant biotic stress and the development of outbreaks, have an impact on the global microbial biorational pesticide market. Concerns about the toxicity of chemical pesticides, which cause soil leaching and disruption of the environmental food pyramid, as well as growing consumer awareness of environmental issues, are also driving the microbial biorational pesticides market.

Threat:

Short shell life and limited availability of products

The limited market availability of the products and the short shelf life of these pesticides are likely to suppress the growth of the market. Furthermore, because biopesticides are not as durable as traditional pesticides, they require a higher level of expertise on the part of the grower in order to be used effectively. Additionally, high rates of degradability and high production costs are also expected to limit the microbial biorational pesticide market growth over the forecast period.

Covid-19 Impact

Coronavirus and the blockade that began in March 2020 in an attempt to contain its spread have had a significant economic impact that has affected all sectors of the economy. Agriculture markets are no exception. Despite the fact that food is a commodity that, in concept, is not subject to movement restrictions, the spread of the new coronavirus disease has had a significant impact on food markets. The impact was manifested as supply and demand shocks. Labour and logistical constraints exist on the supply side of the value chain. All of these factors have an impact on the quantities of goods reaching wholesale markets that feed retail outlets, as well as the prices at which trade occurs.

The Foliar spray segment is expected to be the largest during the forecast period

During the forecast period, foliar spray is expected to be the largest segment because foliar spray helps in limiting pest attacks and also because of its wide usage. Foliar spray is an extremely effective method of applying fertilisers directly to the plants. Pesticides can be easily applied in a short period of time using foliar application, allowing them to address demands quickly. This method is also the most cost-effective for applying insecticides to crops; such factors encourage the use of foliar sprays, which helps the market grow.

The Insecticides segment is expected to have the highest CAGR during the forecast period

The Insecticides segment is anticipated to witness the highest CAGR growth during the forecast period due to the growing demand for natural insecticides to control insect growth. In several countries, the government is also encouraging the use of natural pesticides instead of chemical pesticides. Conventional insecticides such as organochlorines, which are used to kill insects such as mosquitos, are being replaced with microbial biorational insecticides.

Region with largest share:

During the forecast period, North America holds the largest share in the market due to increased demand for microbial biorational pesticides in countries such as the United States and Canada, as well as high demand for organic food. Additionally, farmers are becoming more aware of natural pesticides. The growing popularity of organic products is expected to drive market demand for microbial biorational pesticides. The growing awareness of the negative environmental impact of synthetic pesticides drives demand for new product formulations, thereby supporting the growth of the North American region.

Region with highest CAGR:

Because of ongoing technological research and development activities in the field of microbial biorationals, the Asia Pacific region is expected register highest CAGR growth. Rising demand from India, Mexico, and China for low-cost, high-quality organic commodities has compelled crop producers to increase productivity while minimising pest-related losses. Asia Pacific is characterised by profitable growth, owing primarily to a high demand for low-cost and efficient synthetic pesticides. Moreover, strict MRL regulatory standards in the aforementioned regions are expected to drive demand for microbial biorationals pesticides in the coming years.

Key players in the market

Some of the key players profiled in the Microbial Biorational Pesticide Market include Agralan Ltd, Bayer, Syngenta, Monsanto Bioag, BASF SE, Dowdupont, Valent Biosciences, Isagro SAP, Koppert, Marrone Bio Innovations and Russell IPM.

Key Developments:

In 2021, Valent BioSciences, a global leader in Biorational solutions launched MetaLarv XRP. The new product by Valent helps to protect against mosquitoes with the use of Triple Release technology. MetLarv also helps to destroy breeding ground of the West Nile virus

Types Covered:
• Insecticides
• Fungicides
• Nematicides

Applications Covered:
• Foliar spray
• Soil treatment
• Trunk injection

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements