Global Biorationals Market by Product (Botanical, Semiochemical and Other Product Type), By Crop Type (Cereals & Grains, Fruits & Vegetables, and Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Biorationals Market Overview:

In 2021, the Global Biorationals Market was worth more than USD 1,942.3 million with a CAGR value of 12.30%.

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.

Global Biorationals Market Scope:

Product Analysis

Semiochemicals are predicted to grow at 12.9% between 2023-2032. Segment growth can be attributed to an increase in quality control and monitoring methods within the agricultural industry. The segment growth is expected to be driven by major products such as allelochemicals, and insect sex-pheromone traps. India, China, Brazil, and other countries with a strong agricultural sector are likely to drive demand for this product segment.

Additionally, these countries will likely see an increase in their population over the forecast period, which will cause a rise in demand for agricultural products, which should boost the semiochemicals category.

The botanicals segment was worth more than USD 500 million in 2021. However, its growth will be restricted by high production costs and a slow rate of degradability.

Crop Type Analysis

Global Biorationals Market leaders were fruits and vegetables, which are expected to see a more than 12.2% CAGR over the forecast years. Antifeedants and insect growth regulators will be in high demand due to rising concerns regarding insects such as a coleopterous infestation on citrus, pome, and berry fruit.

A high number of bugs and economic losses are common in the grains and cereals sector. Aphid infestations have become a concern and cereal producers are now using biocontrol agents like semiochemicals or pheromones to keep them away.

The high level of active ingredients, as well as the degrading of metabolites left on cereals or vegetables, can have a negative impact on the hormones in humans. Eco-control products pose negligible MRL risks and offer ample opportunities for companies to improve their R&D investment as well as develop more efficient products over time.

Key Market Segments:

By Product

•  Botanical
•  Semiochemical
•  Other Products

By Crop Type

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

Market Dynamics:

The high level of active ingredients in vegetables and fruits can lead to endocrine dysfunction. This has resulted in strict regulations regarding the maximum residue level (MRL), of pesticides that are used in agriculture. The European Union has set out guidelines to this effect, which have resulted in the abolition of conventional pesticides within the region.

Eco-control products come with negligible MRL risks. This gives enterprises plenty of opportunities to boost their R&D investment, and produce efficient products over time. Due to their high effectiveness in repelling pests, Biorationals products are increasingly popular with agricultural farmers. This has resulted in a substantial increase in demand over the years for major products such as pheromones and essential oils as well as repellents.

According to a United Nations report, the world’s population is expected to increase to 8.5 million by 2030. Additionally, the demand to produce agricultural commodities is likely to double in the future. Sustainable strategies have led to a decrease in pesticide demand over the past few decades as a way of addressing the problem.

Regional Analysis

North America was the largest market for Biorationals worldwide in 2021. This region is predicted to grow at a CAGR exceeding 12.2% over the forecast period. Product penetration in the region has been greatly enhanced by strict regulations against synthetic pesticides.

A variety of agri-business initiatives have been adopted by food processors as well as farming enterprises to address the growing concern about food security. The current industrialization of food systems, in particular, the U.S. and Canada will likely drive investments that increase crop yields while minimizing environmental impact.

In order to meet growing demand from China, India, and Mexico for high-quality, low-priced organic commodities, crop producers are being urged by the government to improve productivity and minimize pest-related losses. This has encouraged a variety of agro-producers and growers to use Biorationals to improve crop yields, which gives them an advantage over other entities.

According to the 2014 Research Institute of Organic Agriculture survey, Asia Pacific had the largest number of organic producers in the world with more than an 8.5million companies. In 2013, India had 600,000 organic producers.

Asia Pacific’s Biorationals market is experiencing slow growth due to high-quality, low-priced synthetic insecticides. Low product penetration can be attributed to low awareness in the farming community and the low effectiveness of natural pesticides for pest control.

Export destinations for fruit, grain, cash crops, and ornamental producers from the Asia Pacific include many countries in Europe and America. However, rejections of agri-food exports into North America and Europe are primarily due to pesticide residues, microbiological contaminations, and unsanitary containers. In these areas, stringent regulations regarding MRL are expected to drive Biorational’s demand toward the Asia Pacific in the coming years.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Global market dynamics are high. There is increasing investment in R&D by different players for product development. For a better position in the global market, companies are working with third-party distributors and government agencies to obtain high-quality products. These are the key companies:

Маrkеt Kеу Рlауеrѕ:

•  Suterra LLC
•  Russell IPM Ltd
•  Agralan Ltd
•  Rentokil Initial Plc
•  McLaughlin Gormley King
•  Koppert BV
•  BASF SE
•  Bayer AG
•  Other Key Players

For the Biorationals Market research study, the following years have been considered to estimate the market size: