Global Biorational Market is poised to reach USD 6.01 billion by 2021

The Global Biorational Market was worth USD 2.27 billion in 2016 and estimated to be growing at a CAGR of 21.5%, to reach USD 6.01 billion by 2021. Biorationals are essentially insecticides that are effective against the target but are not very harmful to natural enemies. These products are generally derived from the natural sources such as plant extracts, insects pathogens etc. The bio-rational products are widely used in structural pest control, agriculture, public health, forestry, turf, aquaculture, and home and garden. Use of environmental pest control technologies helps the end users to achieve agriculture sustainability and it maximizes the quality of crops.

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The implementation of pest management system is expected to drive the market during the forecast period. The pesticides which are currently available in the market are synthetic based and cause harm to the crop produce. As a result, there is an increased need for biobased products. The chemical residue left out on crops can prove to be harmful by impairing the endocrine system of the body. Many conventional pesticides are bring withdrawn from the market which is driving the growth of the biorational market. There also has been a rise in the demand for organic food products which in turn fuels the growth of the market. There has an increased awareness among people regarding the hazardous effects of chemical pesticides. However, people are still not aware about the biorational products and their usage which might be a hindrance to the growth of the market.

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Market Segmentation

• Product
o Botanical products
o Microbial pesticides
o Semiochemicals
o Other biorational products
o Y-o-Y Growth Analysis, By Product
o Market Attractiveness Analysis, By Product
o Market Share Analysis, By Product

• Crop type
o Grains and oilseeds
o Fruits and vegetables
o Others
o Y-o-Y Growth Analysis, By Crop type
o Market Attractiveness Analysis, By Crop type
o Market Share Analysis, By Crop type

• Method of propagation
o Foliar spray
o Seed treatment
o Soil treatment
o Others
o Y-o-Y Growth Analysis, By method of propagation
o Market Attractiveness Analysis, By method of propagation
o Market Share Analysis, By method of propagation

On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Biorational market was dominated by North America followed by Europe. Asia-Pacific region is expected to have a high CAGR, with China dominating the market in that region.

Some of the key players dominating the market are Koppert B.V., Marrone Bio Innovations, Monsanto Company, The Dow Chemical Company, and Gowan Company LLC, Valent U.S.A. Corporation, Russell IPM limited, Agralan limited, Monsanto Company, Gowan company LLC, Suttera, Syngenta, BASF SE, Isagro S.P.A, and Bayer AG.

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