Biorationals Market Report by Source (Botanicals, Semiochemicals, and Others), Type (Pesticides, Insecticides, Fungicides, Nematicides, Herbicides, Plant Growth Regulators, and Others), Crop Type (Cereals and Grains, Fruits and Vegetables, and Others), Formulation (Liquid, Dry), Application (Foliar Spray, Soil Treatment, Trunk Injection, and Others), End User (Forestry, Agriculture, Public Health, Aquaculture, and Others), and Region 2024-2032
The global biorationals market size reached US$ 4.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.5% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 4.8 Billion
Market Forecast in 2032
US$ 8.6 Billion
Market Growth Rate 2024-2032
6.5%
Biorationals are low environmental impact substances or products, such as botanicals, microbials, minerals, synthetics, biostimulants, and soil conditioners, which are derived from natural or biological origins. They are widely used in agriculture, public health, forest health, aquaculture, turf, structural pest control, and home and garden applications for enhancing plant physiology and managing crop stress and root growth. They are also utilized as an alternative control agent to pesticides and antimicrobials for maximizing productivity, quality, and sustainability in agricultural production systems, disease vector management systems, and industrial and residential settings.
Biorationals Market Trends:
The increasing shortage of food across the globe on account of the growing global population, altering climatic conditions, and the declining arable land area represents one of the key factors driving the demand for biorationals to minimize crop loss and enhance the overall crop yield. In addition, the rising awareness among individuals about the adverse effects of chemical pesticides on the food chain and environment is encouraging the adoption of biopesticides. Apart from this, government agencies of numerous countries are promoting the utilization of integrated pest management strategies, which include early detection of pests using selective products that provide control while preserving the ecological health of the farm and minimizing adverse effects on beneficial insects. This, in turn, is presenting lucrative opportunities to manufacturers, investors, and end users and contributing to the growth of the market. Besides this, the growing preferences for sustainable farming practices, increasing adoption of the green crop protection concept, and stringent regulations for lowering maximum residue limit (MRLs) are some of the other significant factors anticipated to influence the market positively in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global biorationalsmarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on source, type, crop type, formulation, application and end user.
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Bayer AG, Gowan Company LLC, Institute of Natural Organic Agriculture (INORA), Isagro S.p.A., Koppert B.V., Marrone Bio Innovations Inc., Rentokil Initial plc, Russell IPM Ltd., Sumitomo Chemical Co. Ltd., Summit Chemical Company and The Wonderful Company LLC.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Source, Type, Crop Type, Formulation, Application, End User, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
BASF SE, Bayer AG, Gowan Company LLC, Institute of Natural Organic Agriculture (INORA), Isagro S.p.A., Koppert B.V., Marrone Bio Innovations Inc., Rentokil Initial plc, Russell IPM Ltd., Sumitomo Chemical Co. Ltd., Summit Chemical Company, The Wonderful Company LLC.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global biorationals market was valued at US$ 4.8 Billion in 2023.
We expect the global biorationals market to exhibit a CAGR of 6.5% during 2024-2032.
The rising shortage of food, along with the growing demand for biorationals to minimize crop loss and enhance the overall yield, is primarily driving the global biorationals market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in various agricultural activities, thereby negatively impacting the global market for biorationals.
Based on the source, the global biorationals market can be segmented into botanicals, semiochemicals, and others. Currently, botanicals hold the largest market share.
Based on the type, the global biorationals market has been divided into pesticides, insecticides, fungicides, nematicides, herbicides, plant growth regulators, and others. Among these, insecticides currently exhibit a clear dominance in the market.
Based on the crop type, the global biorationals market can be categorized into cereals and grains, fruits and vegetables, and others. Currently, fruits and vegetables account for the majority of the global market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global biorationals market include BASF SE, Bayer AG, Gowan Company LLC, Institute of Natural Organic Agriculture (INORA), Isagro S.p.A., Koppert B.V., Marrone Bio Innovations Inc., Rentokil Initial plc, Russell IPM Ltd., Sumitomo Chemical Co. Ltd., Summit Chemical Company, and The Wonderful Company LLC.
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