Biorationals Market [2021-2031] - Size, Share, and Analysis
The Biorationals Market is expected to register a CAGR of 10% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report presents analysis based on source (botanical, microbial, and others). The report is segmented by product type (insecticides, fungicides, herbicides, and others). The report is segmented by crop type (cereals and grains, oilseeds and pulses, fruits and vegetables, and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Biorationals Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Biorationals Market Segmentation
Source- Botanical
- Microbial
- Insecticides
- Fungicides
- Herbicides
Strategic Insights
Biorationals Market Growth Drivers- Growing Demand for Sustainable Agriculture Solutions: The increasing need for eco-friendly and sustainable farming practices is driving the growth of the biorationals market. Biorationals, which include biopesticides, biofungicides, and other natural-based products, offer an alternative to synthetic chemicals. As consumers demand organic and chemical-free produce, farmers are turning to biorationals to meet sustainability goals, boosting their adoption and market expansion.
- Stringent Regulations on Chemical Pesticides: The tightening of regulations on the use of synthetic chemical pesticides due to environmental concerns and health risks is promoting the adoption of biorationals. Governments worldwide are enforcing stricter pesticide regulations and encouraging the use of safer, eco-friendly alternatives. Biorationals, which are derived from natural sources, offer a solution that complies with these regulations, making them increasingly popular among farmers and contributing to market growth.
- Rising Consumer Demand for Organic and Chemical-Free Produce: The rising consumer preference for organic and chemical-free food products is driving the demand for biorationals in agriculture. Biorationals are safe, non-toxic, and biodegradable, making them ideal for organic farming practices. As the organic food market continues to grow, the biorationals market is expanding in response to the increasing demand for safe, sustainable, and environmentally friendly agricultural solutions.
- Advancements in Biorational Formulations and Effectiveness: Technological innovations in biorational formulations are enhancing their effectiveness and performance in pest control. Advances in the development of biopesticides, biofungicides, and plant growth regulators are improving their ability to target specific pests, pathogens, and diseases, without harming beneficial insects or the environment. These advancements are making biorationals more effective and competitive with traditional chemical pesticides, driving their adoption and market growth.
- Growing Use of Biorationals in Integrated Pest Management (IPM): The increasing adoption of Integrated Pest Management (IPM) systems in agriculture is contributing to the growth of the biorationals market. IPM strategies focus on using a combination of natural pest control methods, including biorationals, to manage pest populations effectively. Biorationals are becoming integral to IPM due to their ability to provide targeted pest control while reducing the reliance on chemical pesticides, promoting their widespread use.
- Expansion in the Horticulture and Turf Care Industries: The horticulture and turf care industries are emerging as significant markets for biorationals. Biorationals are used in the cultivation of fruits, vegetables, ornamental plants, and turfgrass to control pests and diseases naturally. As the demand for sustainable practices in these industries grows, the use of biorationals is expanding, creating new opportunities for market growth in these sectors.
- Opportunities in Organic Farming: The rise of organic farming presents a significant opportunity for the biorationals market. Organic farmers rely on natural, non-toxic solutions for pest and disease control, making biorationals an essential component of organic farming practices. As the organic agriculture market continues to grow globally, the demand for biorationals is expected to increase, driving market expansion in this sector.
- Opportunities in Developing Regions: Developing regions, particularly in Asia-Pacific and Africa, present growth opportunities for the biorationals market. As agriculture in these regions shifts toward more sustainable practices to increase food production and reduce chemical pesticide use, biorationals are becoming a preferred choice. Government support, along with growing awareness of the benefits of biorationals, is driving market adoption in these regions.
- Opportunities in Biocontrol of Invasive Species: Biorationals offer significant potential in controlling invasive pest species that threaten ecosystems and agricultural production. Natural predators, microbial agents, and bio-based pesticides are being increasingly used to manage invasive species in various regions. This presents a growth opportunity for biorationals in areas where invasive pests are a significant challenge, expanding their use in both agriculture and environmental management.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Biorationals Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Biorationals Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Based on source, the microbial segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the biorationals market due to the increasing demand for organic and natural agricultural products and growing awareness of the negative impacts of synthetic pesticides.
The adoption of nanotechnology in biorational formulations is expected to be the key market trends.
Increasing demand for organic food products is driving the market growth.
The Wonderful Company LLC.; Russell IPM Ltd; BASF SE; Syngenta; Valent U.S.A.; Gowan Company; Certis USA L.L.C.; Sumitomo Chemical Co., Ltd.; Bayer AG; and Innovak Global are some of the key players operating in the biorationals market
The Biorationals Market is estimated to witness a CAGR of 10% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Biorationals Market - By Type
1.3.2 Biorationals Market - By Application
1.3.3 Biorationals Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BIORATIONALS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. BIORATIONALS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BIORATIONALS MARKET - GLOBAL MARKET ANALYSIS
6.1. BIORATIONALS - GLOBAL MARKET OVERVIEW
6.2. BIORATIONALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BIORATIONALS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BOTANICALS
7.3.1. Overview
7.3.2. Botanicals Market Forecast and Analysis
7.4. MICROBIAL
7.4.1. Overview
7.4.2. Microbial Market Forecast and Analysis
7.5. SYNTHETICS
7.5.1. Overview
7.5.2. Synthetics Market Forecast and Analysis
7.6. MINERALS
7.6.1. Overview
7.6.2. Minerals Market Forecast and Analysis
8. BIORATIONALS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AGRICULTURE
8.3.1. Overview
8.3.2. Agriculture Market Forecast and Analysis
8.4. AQUACULTURE
8.4.1. Overview
8.4.2. Aquaculture Market Forecast and Analysis
8.5. STRUCTURAL PEST CONTROL
8.5.1. Overview
8.5.2. Structural Pest Control Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. BIORATIONALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Biorationals Market Overview
9.1.2 North America Biorationals Market Forecasts and Analysis
9.1.3 North America Biorationals Market Forecasts and Analysis - By Type
9.1.4 North America Biorationals Market Forecasts and Analysis - By Application
9.1.5 North America Biorationals Market Forecasts and Analysis - By Countries
9.1.5.1 United States Biorationals Market
9.1.5.1.1 United States Biorationals Market by Type
9.1.5.1.2 United States Biorationals Market by Application
9.1.5.2 Canada Biorationals Market
9.1.5.2.1 Canada Biorationals Market by Type
9.1.5.2.2 Canada Biorationals Market by Application
9.1.5.3 Mexico Biorationals Market
9.1.5.3.1 Mexico Biorationals Market by Type
9.1.5.3.2 Mexico Biorationals Market by Application
9.2. EUROPE
9.2.1 Europe Biorationals Market Overview
9.2.2 Europe Biorationals Market Forecasts and Analysis
9.2.3 Europe Biorationals Market Forecasts and Analysis - By Type
9.2.4 Europe Biorationals Market Forecasts and Analysis - By Application
9.2.5 Europe Biorationals Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Biorationals Market
9.2.5.1.1 Germany Biorationals Market by Type
9.2.5.1.2 Germany Biorationals Market by Application
9.2.5.2 France Biorationals Market
9.2.5.2.1 France Biorationals Market by Type
9.2.5.2.2 France Biorationals Market by Application
9.2.5.3 Italy Biorationals Market
9.2.5.3.1 Italy Biorationals Market by Type
9.2.5.3.2 Italy Biorationals Market by Application
9.2.5.4 United Kingdom Biorationals Market
9.2.5.4.1 United Kingdom Biorationals Market by Type
9.2.5.4.2 United Kingdom Biorationals Market by Application
9.2.5.5 Russia Biorationals Market
9.2.5.5.1 Russia Biorationals Market by Type
9.2.5.5.2 Russia Biorationals Market by Application
9.2.5.6 Rest of Europe Biorationals Market
9.2.5.6.1 Rest of Europe Biorationals Market by Type
9.2.5.6.2 Rest of Europe Biorationals Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Biorationals Market Overview
9.3.2 Asia-Pacific Biorationals Market Forecasts and Analysis
9.3.3 Asia-Pacific Biorationals Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Biorationals Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Biorationals Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Biorationals Market
9.3.5.1.1 Australia Biorationals Market by Type
9.3.5.1.2 Australia Biorationals Market by Application
9.3.5.2 China Biorationals Market
9.3.5.2.1 China Biorationals Market by Type
9.3.5.2.2 China Biorationals Market by Application
9.3.5.3 India Biorationals Market
9.3.5.3.1 India Biorationals Market by Type
9.3.5.3.2 India Biorationals Market by Application
9.3.5.4 Japan Biorationals Market
9.3.5.4.1 Japan Biorationals Market by Type
9.3.5.4.2 Japan Biorationals Market by Application
9.3.5.5 South Korea Biorationals Market
9.3.5.5.1 South Korea Biorationals Market by Type
9.3.5.5.2 South Korea Biorationals Market by Application
9.3.5.6 Rest of Asia-Pacific Biorationals Market
9.3.5.6.1 Rest of Asia-Pacific Biorationals Market by Type
9.3.5.6.2 Rest of Asia-Pacific Biorationals Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Biorationals Market Overview
9.4.2 Middle East and Africa Biorationals Market Forecasts and Analysis
9.4.3 Middle East and Africa Biorationals Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Biorationals Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Biorationals Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Biorationals Market
9.4.5.1.1 South Africa Biorationals Market by Type
9.4.5.1.2 South Africa Biorationals Market by Application
9.4.5.2 Saudi Arabia Biorationals Market
9.4.5.2.1 Saudi Arabia Biorationals Market by Type
9.4.5.2.2 Saudi Arabia Biorationals Market by Application
9.4.5.3 U.A.E Biorationals Market
9.4.5.3.1 U.A.E Biorationals Market by Type
9.4.5.3.2 U.A.E Biorationals Market by Application
9.4.5.4 Rest of Middle East and Africa Biorationals Market
9.4.5.4.1 Rest of Middle East and Africa Biorationals Market by Type
9.4.5.4.2 Rest of Middle East and Africa Biorationals Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Biorationals Market Overview
9.5.2 South and Central America Biorationals Market Forecasts and Analysis
9.5.3 South and Central America Biorationals Market Forecasts and Analysis - By Type
9.5.4 South and Central America Biorationals Market Forecasts and Analysis - By Application
9.5.5 South and Central America Biorationals Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Biorationals Market
9.5.5.1.1 Brazil Biorationals Market by Type
9.5.5.1.2 Brazil Biorationals Market by Application
9.5.5.2 Argentina Biorationals Market
9.5.5.2.1 Argentina Biorationals Market by Type
9.5.5.2.2 Argentina Biorationals Market by Application
9.5.5.3 Rest of South and Central America Biorationals Market
9.5.5.3.1 Rest of South and Central America Biorationals Market by Type
9.5.5.3.2 Rest of South and Central America Biorationals Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BIORATIONALS MARKET, KEY COMPANY PROFILES
11.1. SUTERRA, LLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. RUSSELL IPM LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AGRALAN LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. RENTOKIL INITIAL PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MCLAUGHLIN GORMLEY KING (MGK)
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KOPPERT BV
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. BASF SE
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. BAYER AG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. INORA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ISAGRO SPA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11. GOWAN COMPANY, LLC
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
11.12. SUMMIT CHEMICAL
11.12.1. Key Facts
11.12.2. Business Description
11.12.3. Products and Services
11.12.4. Financial Overview
11.12.5. SWOT Analysis
11.12.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Suterra, LLC
2. Russell IPM Ltd.
3. Agralan Ltd.
4. Rentokil Initial Plc
5. McLaughlin Gormley King (MGK)
6. Koppert BV
7. BASF SE
8. Bayer AG
9. Inora
10. Isagro Spa
11. Gowan Company, LLC
12. Summit Chemical
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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