The biorational pesticides market stood at USD 2.48 Billion in 2016; it is projected to grow at a CAGR of 12.5% from 2017, to reach USD 5.02 Billion by 2022.
The term “biorational” is used to describe those pesticides that are efficacious against target pests but are less detrimental to natural enemies. The term is sometimes also used to describe only those products derived from natural sources such as plant extracts and insect pathogens. However, this report defines a biorational pesticide as “any type of insecticide active against pest populations, but relatively innocuous to non-target organisms and therefore, non-disruptive to biological control.”
The biorational pesticides market is estimated at USD 2.78 Billion in 2017 projected to reach a value of USD 5.02 Billion by 2022, at a CAGR of 12.5% from 2017. The market is driven by factors such as evolving farming technologies & practices, consumer demand for organic fruits & vegetables, and increasing promotion by government organizations for the adoption of environment-friendly pesticides. As demand for organic fruits, vegetables, and crops is increasing globally, the market for biorational pesticides is expected to grow.
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Scope of the Biorational Pesticides Market Report:
On the basis of Type, the market has been segmented into:
On the basis of Source, the market has been segmented into:
On the basis of Mode of Application, the market has been segmented into:
On the basis of Crop Type, the market has been segmented into:
On the basis of Formulation, the market has been segmented into:
On the basis of Region, the market has been segmented into:
The rise in concerns about food safety has led to farmers exploring new environment-friendly methods to replace or supplement the current chemical-based practices. The use of biorational pesticides has emerged as a promising alternative to chemical pesticides. Promotions by government organizations for the adoption of biorational pesticides and their low cost compared to that of chemical pesticides are some prominent factors that are expected to drive market growth through the next five years in most regions.
On the basis of type, the biorational pesticides market was led by biorational insecticides segment in 2016. It is one of the most largely commercially available types of biorational pesticides. North American countries are expected to become major markets owing to the high awareness among farmers and this contributes to the growth of the global market in the near future.
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The North American market for biorational pesticides is driven by the simple registration process of biorational products, increasing consumer preference for organic products, and growing consumer awareness about the ill-effects of synthetic pesticides on human health. The rigorous regulatory system in the US and Canada regarding the environment and human health has compelled manufacturers to develop biorational pesticides with low risks to consumers. The market in Europe is expected to grow at a moderate rate in the near future owing to the stringent regulations for pesticides and increasing demand for organic products. Developing countries such as China, India, Brazil, and Argentina are showing a significant increase in the demand for biorational pesticides.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Valent Biosciences (US), Bayer (Germany), Monsanto BioAg (Germany), BASF (Germany), DowDuPont (US), and Syngenta (Switzerland). Apart from these, other biorational pesticide companies profiled include Isagro SPA (Italy), Koppert (The Netherlands), Marrone Bio Innovations (US), Russell IPM (UK), and Gowan Company (US).
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