The global biorational pesticides market was valued at US$ 7.5 billion in 2023 and is anticipated to reach US$ 15.1 billion by 2028, witnessing a CAGR of 15.2% during the forecast period 2023-2028. The global biorational pesticides market was valued 6.5 billion USD in 2022. In recent years, the global organic agricultural landscape has experienced significant growth. As reported by FiBL & IFOAM – Organics International in 2023, over 76.4 million hectares of land were dedicated to organic farming by 2021, including areas undergoing conversion. This expansion in organic farming has notably fueled the rise of the biorational pesticides market. Organic agriculture, which emphasizes natural and sustainable practices while avoiding synthetic chemicals, aligns perfectly with the principles of biorational pesticides. These pesticides, derived from natural sources and designed to have minimal environmental impact, complement the core values of organic farming, leading to their increased adoption.
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Investment and Innovation Driving Market Growth
The potential of the biorational pesticides market has attracted significant investments from both public and private sectors. This influx of capital has been crucial in developing and commercializing new biorational pesticide products sourced from botanical, microbial, and non-organic materials. Investment in research and infrastructure has further stimulated market growth, making biorational pesticides more accessible to farmers globally.
Botanical-Based Pesticides: A Key Market Driver
Among the various types of biorational pesticides, those derived from botanical sources are leading the market. These pesticides, made from plant extracts, often exhibit characteristics that enhance their stability during storage. Unlike some microbial-based pesticides, botanical-based pesticides generally do not require specialized storage facilities or rigorous environmental controls, which simplifies their storage needs. Additionally, many botanical-based pesticides have a broad-spectrum effect, allowing them to target a wide range of pests, including insects and fungi. Compounds such as pyrethrins and neem oil, for instance, can effectively control diverse pest populations, making them highly valuable in pest management.
Liquid Formulations: Leading the Way with a 15.3% CAGR
Liquid formulations of biorational pesticides are gaining popularity due to their distinct advantages over dry formulations. Their ease of application is a significant factor, allowing for more uniform spraying over large areas and ensuring better coverage, particularly on uneven or densely foliated surfaces. Liquid formulations also provide precision in delivering active ingredients to specific pests or targeted areas, enhancing their efficacy. Additionally, their ease of handling and mixing during preparation and application makes them a preferred choice among farmers and pest management professionals. These benefits have contributed to the high compound annual growth rate (CAGR) of 15.3% in this segment, driving the overall market growth.
North America’s Dominance in the Biorational Pesticides Market
North America holds the largest share in the biorational pesticides market, driven by stringent regulations and limitations on conventional chemical pesticides. The region’s agricultural sector is diverse, encompassing large-scale commercial operations and smaller organic and specialty crop farms, creating a favorable environment for biorational pesticide use. Regulatory bodies in North America have established robust frameworks to scrutinize the use of conventional pesticides due to safety and environmental concerns. This has led to an increased demand for biorational pesticides, valued for their safety and eco-friendly attributes.
A significant regulatory milestone was the U.S. Environmental Protection Agency’s (EPA) decision to ban chlorpyrifos across all food crop applications in August 2021. This move, aimed at protecting public health and the environment, underscores the growing shift towards safer and more sustainable pest management alternatives. The adoption of biorational pesticides in North America is a testament to this commitment to fostering a greener and safer future in agriculture.
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Key Players in the Biorational Pesticides Market
The biorational pesticides market features several key players driving innovation and market growth. These include:
- BASF SE (Germany)
- Bayer AG (Germany)
- UPL (India)
- FMC Corporation (US)
- Syngenta AG (Switzerland)
- Novozymes A/S (Denmark)
- Sumitomo Chemical Co., Ltd (Japan)
- Pro Farm Group Inc (US)
- Koppert (Netherlands)
- Valent BioSciences LLC (US)
- Gowan Company (US)
- Certis Biologicals (US)
- Biobest Group (Belgium)
- BIONEMA (UK)
- Vestaron Corporation (US)
These companies are at the forefront of developing and promoting biorational pesticides, contributing to a safer and more sustainable approach to pest management in agriculture.
In conclusion, the expansion of organic agriculture and the growing focus on eco-friendly pest control solutions have significantly boosted the biorational pesticides market. Investments in research and development, coupled with regulatory support, are driving innovation and market growth, ensuring that biorational pesticides play a vital role in the future of sustainable agriculture.
