Press release
Biorational Pesticides Market worth $14.39 billion by 2030, growing at a CAGR of 10.45% - Exclusive Report by 360iResearch
The "Biorational Pesticides Market by Type (Biorational Fungicides, Biorational Insecticides, Biorational Nematicides), Formulation (Dry, Liquid), Source, Mode of Application, Crop - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global Biorational Pesticides Market to grow from USD 7.17 billion in 2023 to USD 14.39 billion by 2030, at a CAGR of 10.45%.
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Biorational pesticides are a class of pest control substances derived from natural or biological origins. Unlike conventional chemical pesticides, biorational pesticides are typically more targeted in their action, affect only their intended pests, and are generally considered environmentally friendly with minimal non-target consequences. These substances include various products such as microbial pesticides, plant growth regulators, pheromones, and natural insecticides that work by exploiting naturally occurring compounds or organisms. Rising demand for residue-free organic crops and products across economies and increasing investments and expansion of the agriculture sector are fuelling demand in the market. Low shelf life, limited availability of biorational pesticides, limited consumer awareness, and higher product costs than conventional pesticides pose significant hurdles. Improvements in biorational pesticide formulations and the introduction of new products, along with government initiatives to promote biorational pesticides, are creating substantial growth prospects in the market. Market players are focusing on research and development to diversify their product portfolios and improve the efficacy and cost-effectiveness of biorational products.
In the Americas, the United States and Brazil are leading in adopting biorational pesticides, underpinned by stringent environmental regulations and a growing organic food industry. North America is witnessing a significant shift toward sustainable agriculture, enhancing the demand for biorational products. Latin America, conversely, is experiencing a gradual rise in the uptake of biorational pesticides, with an improved focus on integrated pest management (IPM) practices. Europe has established itself as a frontrunner in the biorational pesticides market, largely due to the stringent regulations about chemical pesticide usage and a robust organic farming sector. The European Union's Common Agricultural Policy (CAP) pushes for greener agricultural practices, thus propelling the market for biorational pesticides. Conversely, the Middle East and Africa are emerging markets with significant growth potential, particularly as these regions become more aware of the health and environmental benefits of biorational products. Adoption rates are expected to increase with improving education and regulation. The Asia-Pacific region presents a diverse and rapidly expanding market for biorational pesticides. Countries such as China, India, and Australia are increasingly adopting these products to cater to domestic demands for sustainable agriculture and to comply with export standards for agricultural produce. The region's large agrarian economies are trailblazers in the production and usage of biological and botanical pesticides, fueled by government initiatives and the necessity to improve crop yields while minimizing environmental impact.
Market Segmentation & Coverage:
This research report categorizes the Biorational Pesticides Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Biorational Fungicides, Biorational Insecticides, and Biorational Nematicides. The Biorational Insecticides commanded largest market share of 36.77% in 2023, followed by Biorational Fungicides.
Based on Formulation, market is studied across Dry and Liquid. The Liquid commanded largest market share of 52.99% in 2023, followed by Dry.
Based on Source, market is studied across Botanical, Microbial, and Non-Organic. The Botanical commanded largest market share of 55.96% in 2023, followed by Microbial.
Based on Mode of Application, market is studied across Foliar Spray, Seed Treatment, and Soil Treatment. The Foliar Spray commanded largest market share of 40.08% in 2023, followed by Soil Treatment.
Based on Crop, market is studied across Cereals & Grains, Fruits & Vegetables, and Oilseeds & Pulses. The Cereals & Grains commanded largest market share of 39.01% in 2023, followed by Oilseeds & Pulses.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.45% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Biorational Pesticides Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Biorational Pesticides Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Biorational Pesticides Market, highlighting leading vendors and their innovative profiles. These include AgriLife (India) Private Limited, Andermatt Group AG, BASF SE, Bayer AG, Biobest Group NV, Bionema Limited, BioSafe Systems, LLC, Certis Biologicals by Mitsui & Co., Ltd., Corteva, Inc., Emery Oleochemicals LLC, FMC Corporation, Gowan Company, LLC, Green Vision Life Sciences Pvt Ltd., Hexa Agro Industries, Innatrix Inc., Koppert B.V., Novozymes A/S, Nufarm Limited, Pro Farm Group Inc. by Bioceres Crop Solutions Corp., Russell IPM Ltd., SEIPASA, SA, Solvay SA, STK bio-ag technologies, Sumitomo Chemical Co., Ltd., Suterra by The Wonderful Company LLC, Syngenta AG, Vegalab SA, and Vestaron Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Biorational Pesticides Market, by Type
7. Biorational Pesticides Market, by Formulation
8. Biorational Pesticides Market, by Source
9. Biorational Pesticides Market, by Mode of Application
10. Biorational Pesticides Market, by Crop
11. Americas Biorational Pesticides Market
12. Asia-Pacific Biorational Pesticides Market
13. Europe, Middle East & Africa Biorational Pesticides Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Biorational Pesticides Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Biorational Pesticides Market?
3. What is the competitive strategic window for opportunities in the Biorational Pesticides Market?
4. What are the technology trends and regulatory frameworks in the Biorational Pesticides Market?
5. What is the market share of the leading vendors in the Biorational Pesticides Market?
6. What modes and strategic moves are considered suitable for entering the Biorational Pesticides Market?
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