Biorational Pesticides Market 2019 | Most Attractive Segment, Industry Analysis, Size, Emerging Growth Factors, and Opportunities till 2023
Biorational pesticides are a fast-growing segment of pest control. Low toxicity of these pesticides makes them a highly marketable product.
pune, India – August 7, 2019 /MarketersMedia/ —
Market Overview and Growth Factors:
Biorational pesticides are a fast-growing segment of pest control. Low toxicity of these pesticides makes them a highly marketable product. Market Research Future (MRFR) projects that the global biorational pesticides market will witness a strong growth over the next couple of years. Sever environmental consequence of use of highly toxic pesticide, and growing awareness level about the advantages of use biorational pesticides are some of the factors driving the demand for the product.
Biorational pesticides are more viable then other pesticides and can be used in organic farming. Increased demand for organic vegetable and fruits is supporting the market growth. Nonetheless, poor infrastructure and low shelf-life of these pesticides is undermining the market potentials.
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Global Biorational Pesticides Market: Competition Analysis
Some of the notable companies operating in the market include:
Syngenta AG (Switzerland)
BASF SE (Germany)
Valent Biosciences (Canada)
Koppert (The Netherlands)
Russell IPM (UK)
Bayer AG (Germany)
Dowdupont (US)
Marrone Bio Innovations (US)
Isagro SAP (Italy)
Monsanto Bioag (US)
Global Biorational Pesticides Market: Segmental Analysis
Segmental analysis of the market has been conducted based on mode of application, source, type, and crop type.
By mode of application, the market has been segmented into soil treatment, foliar spray, trunk injection and others. Of these, the foliar spray segment is likely to retain it leading position over 2023. Foliar spay is used for supplying nutrients to plant, which is considered highly effective.
By source, the market has been segmented into minerals, microbials, botanical and others. The botanical segment is expected to remain highly profitable during the forecast period. In 2018, the segment represents the largest market and trend is likely to continue throughout the assessment period. This is mainly owing to the robust demand for botanical oil such as canola oil, jojoba oil and neem oil. The microbial segment is also projected to witness a substantial growth in the forthcoming years.
Based on type, the market has been segmented into biorational nematicides, biorational fungicides, biorational insecticides and others. The biorational insecticides segment account for a significant share of the market in terms of revenue. This is mainly owing to the widespread availability of biorational insecticides. Production of biorational insecticides has continued to grow in the recent years. Rising level of awareness among farmers about the product is driving its global demand. Based on crop type, the market has been segmented into oilseeds & pulses, cereals & grains, fruits & vegetables, and others.
Global Biorational Pesticides Market: Regional Analysis
The regions covered in MRFR’s report include North America, Latin America, the Middle East & Africa (MEA), Asia Pacific (APAC) and Europe. Of these, North America represents the largest market for biorational pesticides. The region is expected to retain its dominant position over 2023. It is projected that the demand for biorational pesticide will continue to grow on account of rapid inclination towards organic products. In addition, the rising level of awareness about the advantages of using biorational pesticides is reflecting favourably on the market. Such factors make North America a high attractive market for biorational pesticides. Advanced countries in North America and Europe are shifting towards adopting sustainable agricultural systems, which is creating tremendous market opportunities. At the same time, the growth of the organic food industry is providing an impetus to the market.
Asia Pacific also represents a high-growth market for biorational pesticide. In fact, the market in APAC is projected to witness the highest CAGR during the assessment period. India and Chin are expected to make major contribution to the market in the region. Both the countries represent massive agricultural sectors, which is a key market driver.
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