Biorational Pesticides Market Size Worth $16.43 Billion By 2032 | CAGR: 10.2%

The global biorational pesticides market size is expected to reach USD 16.43 billion by 2032, according to a new study by Polaris Market Research. The report “Biorational Pesticides Market Share, Size, Trends, Industry Analysis Report, By Type (Biorational Insecticides, Biorational Fungicides, Biorational Nematicides, Biorational Herbicides, Other Types); By Crop Type; By Source; By Mode of Application; By Formulation; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Biorational pesticides are becoming a more frequently preferred option due to their environmentally friendly nature and as one of the measures to promote sustainable agriculture practices. The focus on healthier and organic products is emerging as a response to the COVID-19 outbreak. According to a recent study, the pandemic transformed consumer interests towards the purchase of natural products. This trend is likely to stimulate the production of organic products and, in a way, create a significant demand for biorational pesticides.

Research studies exploring traditional and modern agricultural practices are becoming prominent in the world with a view to improving the productivity of farming along with the limited side effects on humans and nature. A 2023 study examined the downsides of synthetic pesticides and concluded that biopesticides are a significant option due to their lower cost, sustainability, and lack of residue effects. The stringent regulation standards set by governments on pesticides are expected to propel the growth of the biopesticide market in the future.

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The increasing production and consumption of biopesticides compared to conventional pesticides is driving companies to take part in product manufacturing processes. In 2023, Croda Crop Care introduced a new product, Atlox BS-50, to cater to growing biopesticide product innovations. These initiatives are likely to assist biopesticide companies in developing biopesticides seamlessly, leading to increased supply and, in turn, stabilized prices in the marketplace.

Companies are working collaboratively in research and development activities pertaining to the innovation of eco-friendly pesticides. For instance, in October 2023, Andermatt entered into a partnership with CondioTec LLC (USA) to launch Aprehend® biopesticide to prevent and control bed bugs in the European market.

Biorational Pesticides Market Report Highlights

• Biorational insecticides segment is anticipated to witness the highest growth in the coming years due to its lower side effects on the environment.
• Cereals and grains segment accounted for the largest share owing to the rising demand for organic cereals.
• Botanical microbials segment held the largest share due to the lower residue levels on yield.
• Asia Pacific is expected to have the fastest growth throughout the forecast period owing to the rising government initiatives to promote sustainable agriculture.
• The global players include AgriLife Private Limited, Andermatt Group AG, BASF SE, Bayer AG, Biobest Group, BIONEMA, Biotalys NV & Certis Biologicals.

Polaris Market Research has segmented the biorational pesticides market report based on type, crop type, source, mode of application, formulation and region:

Biorational Pesticides, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Biorational Insecticides
• Biorational Fungicides
• Biorational Nematicides
• Biorational Herbicides
• Other Types

Biorational Pesticides, Crop Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Fruits & Vegetables
• Cereals & Grains
• Oil Seeds & Pulses
• Other Crop Types

Biorational Pesticides, Source Outlook (Revenue - USD Billion, 2019 - 2032)

• Botanical Microbials
• Non-Organic
• Other Source

Biorational Pesticides, Mode of Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Foliar Spray
• Soil Treatment
• Seed Treatment
• Other Modes of Applications

Biorational Pesticides, Formulation Outlook (Revenue - USD Billion, 2019 - 2032)

• Liquid
• Dry

Biorational Pesticides, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Biorational Pesticides Market Report Scope