Biorational Pesticides Market Size, Share & Forecast 2024-2033

The Business Research Company recently released a comprehensive report on the Global Biorational Pesticides Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The biorational pesticides market size has grown rapidly in recent years. It will grow from $5.91 billion in 2023 to $6.75 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to growth in demand for organic agriculture, stringent regulations on chemical pesticides, consumer awareness and preference, resistance management in pest control.

The biorational pesticides market size is expected to see rapid growth in the next few years. It will grow to $10.96 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to expansion of sustainable farming, biopesticides as crop protection solutions, research and development in bio-based technologies, global shift towards green agriculture, integrated pest management adoption. Major trends in the forecast period include precision agriculture application, resurgence of integrated pest management (ipm), regulatory support for biorationals, research and development focus, consumer awareness and preference.

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Market Drivers and Trends:

The increasing demand for residue-free organic crops is expected to propel the growth of the biorational pesticides market going forward. 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. For instance, in December 2022, according to the U.S. Department of Agriculture, a US-based federal executive department, the total sales of organic goods were $11.2 billion in 2021, up $1.28 billion (13%) from 2019. Further, in 2021, there were 17,445 certified organic farms, which indicates a 5% rise from 2019. Therefore, the increasing demand for residue-free organic crops is driving the growth of the home biorational pesticides market.

Product innovations are a key trend gaining popularity in the biorational pesticides market. 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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Major Key Players of the Market:

BASF SE, Dow Inc., Bayer Aktiengesellschaft, Syngenta International AG, Corteva Inc, Monsanto Company, UPL Limited, FMC Corporation, Rentokil Initial plc, Nufram Ltd., CAMSON Bio Technologies Pvt Ltd., Kemin Industries Inc., PI Industries Limited, Gowan Company Inc., Koppert Biological Systems B.V., Certis USA LLC, Suterra Inc., Valent BioSciences LLC, Russell IPM Ltd., Terramera Inc., Andermatt Biocontrol AG, Vestaron Corporation, Marrone Bio Innovations Inc., Bionema Limited, Cropex Pvt. Ltd., ISAGRO Società Agricola per Azioni, AgroPy (UK) Ltd.

Biorational Pesticides Market 2024 Key Insights:

• The biorational pesticides market size is expected to see rapid growth in the next few years. It will grow to $10.96 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%.
• The Increasing Demand For Residue-Free Organic Crops
• Product Innovations Drive Biorational Pesticides Market
• North America was the largest region in the biorational pesticides market in 2023

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