Biorational Pesticides Market Analysis 2023: Growth Rate, Industry Trends, Size, Demand, Share And Forecast To 2032 | BASF SE, Dow Inc., Bayer Aktiengesellschaft, Syngenta International AG, Corteva Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Biorational Pesticides Global Market Report 2023 identifies increasing demand for residue-free organic crops as the major driver for the Biorational Pesticides market's growth in the forecast period. Residue-free organic crops refer to agricultural products grown using organic farming without residues from synthetic pesticides, herbicides, fungicides, or other chemicals. In organic farming, biorational pesticides prevent fluoroacetamide and other chemicals from contaminating the soil and control certain insects, weeds, and nematodes. 

The global biorational pesticides market is expected to grow from $5.16 billion in 2022 to $5.91 billion in 2023 at a compound annual growth rate (CAGR) of 14.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The biorational pesticides market is expected to reach $9.70 billion in 2027 at a CAGR of 13.2%.

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Major competitors in the Biorational Pesticides market are BASF SE, Dow Inc., Bayer Aktiengesellschaft, Syngenta International AG, Corteva Inc.

A key trend in the Biorational Pesticides market includes Product innovations. Major companies operating in the biorational pesticides market are focused on introducing new products to sustain their position in the market. For instance, in July 2022, Sumitomo Chemical India Ltd., an India-based manufacturer of household insecticides, launched three unique registered products in India: Danitol NXT, Pyclome, and Sumi Blue Diamond. These new insecticides and biorational portfolio launches will relieve farmers from emerging pest concerns in the paddy cotton and brinjal sown areas. Sumi Blue Diamond, a trademarked product with a unique formulation, will benefit paddy growers by improving crop growth and increasing production. Sumi Blue Diamond is the first Plant Growth regulator in the granule category to receive approval from the Central Insecticide Board (CIB). Pyclome is a combination of two unique, well-established chemicals with various mechanisms of action that offer superior control throughout the spectrum of pests. Cotton and brinjal crops are registered for Pyclome. In the insecticide market, Danitol NXT is a safe and innovative EW (Emulsion-in-water) formulation for Indian rice farmers.

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The Biorational Pesticides market is segmented -

1. By Type: Biorational Insecticides, Biorational Fungicides, Biorational Nematicides, Other Types
2. By Source: Botanical, Microbial, Non-Organic, Other Sources
3. By Crop Type: Fruits And Vegetables, Cereals And Grains, Oilseeds And Pulses, Other Crop Types
4. By Formulation: Liquid, Dry
5. By Mode of Application: Foliar Spray, Soil Treatment, Trunk Injection, Other Modes of Application
6. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Biorational Pesticides market.

The Business Research Company's "Global Biorational Pesticides Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Biorational Pesticides Market Include:

1. Executive Summary
2. Biorational Pesticides Market Characteristics
3. Biorational Pesticides Market Trends And Strategies
4. Biorational Pesticides Market - Macro Economic Scenario
……
32. Global Biorational Pesticides Market Competitive Benchmarking
33. Global Biorational Pesticides Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Biorational Pesticides Market
35. Biorational Pesticides Market Future Outlook and Potential Analysis
36. Appendix

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