"Biorational Pesticides Market Trends: A Comprehensive Forecast for 2023-2030"
Global Biorational Pesticides Market
Biorational pesticides, characterized by their efficacy against target pests while causing less harm to natural enemies compared to chemical pesticides, have gained prominence in the agricultural sector. This term is sometimes used specifically for products derived from natural sources, such as plant extracts and insect pathogens, aligning with the global shift towards environmentally friendly practices in response to concerns about food safety. The adoption of biorational pesticides serves as an alternative to conventional chemical-based practices. The Biorational Pesticides Market Share is on the rise, exhibiting a Compound Annual Growth Rate (CAGR) of 4.49% during the forecast period from 2023 to 2030. It is anticipated to achieve a valuation of USD 555.97 billion by the year 2030.
Segmentation of the Global Biorational Pesticides Market:
-
Source:
- Botanical: Accounting for the maximum market share in 2018, botanical pesticides utilize oils like neem, canola, and jojoba to drive segment growth.
- Microbials: Expected to witness the highest compound annual growth rate (CAGR) during the forecast period.
-
Mode of Application:
- Foliar Spray: Expected to dominate the market due to the effectiveness of direct nutrient application on leaves.
- Soil Treatment, Trunk Injection, and Others: Representing alternative modes of application with varying degrees of effectiveness.
-
Type:
- Biorational Insecticides: Among the commercially available types, the segment experiences growth driven by increasing farmer awareness.
- Biorational Fungicides, Biorational Nematicides, and Others: Contributing to the diverse portfolio of biorational pesticides.
-
Crop Type:
- Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, and Others: Reflecting the variety of crops benefiting from biorational pesticide market outlook applications.
Regional Analysis:
- North America: Expected to dominate the global market due to a growing demand for organic products and increased awareness among farmers about the benefits of biorational pesticides.
Key Players in the Global Biorational Pesticides Market:
- Bayer AG (Germany)
- Syngenta AG (Switzerland)
- Monsanto Bioag (US)
- BASF SE (Germany)
- Dowdupont (US)
- Valent Biosciences (Canada)
- Isagro SAP (Italy)
- Koppert (The Netherlands)
- Marrone Bio Innovations (US)
- Russell IPM (UK)
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