In 2015, the global biorationals market was worth more than USD 1.0 million. Industry growth is expected to be driven by increased adoption of integrated pest management. There is a lot of potential for bio-based products due to the adverse effects of synthetic pesticides upon beneficial organisms in terrestrial and farmland ecosystems.
High levels of active ingredients and degradable metabolites found in vegetable and cereal residues can cause endocrine problems in humans. These regulations have led to strict standards for the maximum residue limit (MRL) for pesticides used in agriculture. This has resulted in the withdrawal of pesticides used in agriculture by the European Union.
Eco-control products have negligible MRL risk, which allows enterprises to increase their R&D investment as well as develop more efficient products in the long term. Because they are effective in resisting pests, biorational pesticides are gaining acceptance from agricultural farm owners. Over the last few years, this has led to significant demand for major products like pheromones and neem extracts as well as essential oils and repellents.
A United Nations report estimates that the world's population will reach 8.5 billion people by 2030. The demand for agricultural commodities will also increase rapidly over the next few years. Sustainable strategies have helped to reduce the demand for natural pesticides in recent years, as a result of addressing the issue of food security.
Semiochemicals will experience a 12.1% CAGR between 2016 and 2024. Segment growth has been aided by the adoption of more efficient quality control and monitoring techniques in agriculture. The segment will be dominated by the use of insect sex pheromonetraps and allelochemicals in the coming years.
This product segment will be largely driven by countries that are agriculturally-oriented like India, China, Brazil. These countries are expected to increase their population, which will in turn drive demand for agricultural products. This will boost the semiochemicals market over the forecast period.
In 2015, the botanicals segment was worth more than USD 400.0 million. This criterion has seen an increase in demand for natural plant products to be used as insecticides as well as to control pests like termites, red spider mite, aphids, termites and nematodes. Its growth will be impeded by its high rate of degradation and high production costs in the medium-term.
The global biorationals market is dominated by fruits and vegetables. They are expected to grow at a CAGR of over 12.0% in the next few years. Over the forecast period, there will be a rise in insect growth regulators and antifeedants due to growing concerns about insects like coleopterous from pome and citrus fruits.
High levels of insect diseases in cereals and grains are a major problem. This can lead to economic losses. Aphid infestations are a growing concern for cereal producers. Semiochemicals and pheromone traps have been recommended by the industry to control them. This segment is expected to bring in revenue of over USD 1.0 million by 2024.
The endocrine system can be affected by high levels of active ingredients, as well as the degradation of metabolites left on vegetables and cereals. Eco-control products have negligible MRL risk, which allows enterprises to increase their R&D investment while developing efficient products over the long term.
North America was the dominant market for global biorationals in 2015. The region is expected to experience a CAGR greater than 11.5% during the forecast period. The region's product penetration has been greatly facilitated by a strict regulatory framework that prohibits synthetic pesticides. Food processors and farmers are embracing a variety of agribusiness initiatives to address increasing concerns about food security. The ongoing industrialization of the food industry, especially in the U.S. and Canada is expected to lead to investments that will increase crop yields with minimal environmental impact.
Crop producers have been urged to increase productivity and reduce pest losses due to the increasing demand from Mexico, India, China. This has led many agro-producers adopt biorationals to increase crop yield and give them a competitive advantage over other entities.
The Research Institute of Organic Agriculture Survey 2014 revealed that Asia Pacific is home to more than 8.5 million organic producers. Further, India had more than 600 000 producers in 2013. The slow growth of biorational demand in Asia Pacific is due to the high demand for synthetic pesticides that are low-cost and effective.
India's market is expected to reach USD 110 million in 2024. The low product penetration in this region is due to low awareness among farmers and the relatively low effectiveness of natural pesticides in controlling pests. Many countries in Europe, the Americas, and Asia Pacific are potential export destinations for fruits and cash crops.
Rejection of agrifood exports from North America and Europe is primarily due to pesticide residues, microbiological contaminations and unsanitary containers. Over the next few years, strict regulatory norms concerning MRL in these regions will drive demand for biorationals towards Asia Pacific.
Global market dynamics are high. There is increasing investment in R&D by different players for product development. High purity products are what companies are striving to achieve for different segments, such as cereals and grains, fruits and vegetables.
Suterra, LLC, Russell IPM Ltd., Agralan Ltd., Rentokil Initial Plc, McLaughlin Gormley King(MGK), Koppert BV, BASF SE, Bayer AG, Inora, Isagro Spa, Gowan Company, LLC, Summit Chemical are key manufacturers. These companies have a number of strategies, including partnerships with government agencies and third-party distributors to improve their position on the global market.
b. Global biorationals market was valued at USD 1.60 Billion in 2019, and is forecast to grow to USD 1.79 Billion by 2020.
What is the growth rate of the biorationals industry?b. Global biorationals market will grow at a compound annual rate of 11.7% between 2016 and 2024, reaching USD 2.75 billion in 2024.
Which segment had the largest market share in biorationals?b. With a 40.2% share in 2019, North America was the dominant market for biorationals. This is due to the strict regulatory framework against synthetic pesticides.
What are the major players in the biorationals marketb. Suterra, LLC, Russell IPM Ltd., Agralan Ltd., Rentokil Initial Plc, McLaughlin Gormley King(MGK), Koppert BV, BASF SE, Bayer AG, Inora, Isagro Spa, Gowan Company, LLC, Summit Chemical are some of the key players in the biorationals industry.
What are the driving factors for the biorationals industry?b. Market growth is being driven by two key factors: increasing adoption of integrated pest control and growing awareness about the adverse effects of synthetic pesticides upon beneficial organisms in terrestrial and farmland ecosystems.
Up Market Research published a new report titled “Biorationals Market research report which is segmented by Product (Semiochemicals, Botanical), by Crop Type (Fruits & Vegetables, Cereals & Grains), By Players/Companies Inora, Rentokil Initial Plc, Russell IPM Ltd, McLaughlin Gormley King (MGK), LLC, Bayer AG, LLC, Summit Chemical, Isagro Spa, BASF SE, Gowan Company, Agralan Ltd, Suterra, Koppert BV”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Biorationals Market Research Report |
By Product | Semiochemicals, Botanical |
By Crop Type | Fruits & Vegetables, Cereals & Grains |
By Companies | Inora, Rentokil Initial Plc, Russell IPM Ltd, McLaughlin Gormley King (MGK), LLC, Bayer AG, LLC, Summit Chemical, Isagro Spa, BASF SE, Gowan Company, Agralan Ltd, Suterra, Koppert BV |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 237 |
Number of Tables & Figures | 166 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Semiochemicals, Botanical), by Crop Type (Fruits & Vegetables, Cereals & Grains).
Biorationals Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Biorationals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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