Biorationals Market

The global Biorationals Market is valued at USD 0.9 Billion in 2022 and is projected to reach a value of USD 1.7 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 9.7% between 2023 and 2030.

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The European Green Deal has established an ambitious target of cutting down chemical pesticides' utilization and potential hazards by 50% by 2030. IPM strategies will likely be used based on a holistic view of agroecosystems to develop pest- and disease-resistant cropping systems that primarily employ non-chemical pest management measures. They also promote Integrated Pest Management (IPM) tools, which assist farmers in finding the required solutions. Biorational foliar trials have risen due to the growing demand for integrated pest-management practices, pesticides, pest resistance, organic farming practices, and the need to minimize post-harvest crop losses. The increasing popularity of Biorationals in agricultural practices stems from their ability to mitigate the risks of seed- and leaf-borne illnesses and diseases and reduce toxic residue on fruits and vegetables. A 2022 review paper by Akinlolu Olalekan et al. proposes a biorational strategy promoting sustainable agricultural practices through organic amendments. This approach emphasizes incorporating botanicals, insecticides, and organic minerals to enhance plant health and combat diseases.

• The Botanical segment is expected to drive the growth of the Biorationals Market from 2023 to 2030.
• During the forecast period, the Fruits & Vegetables segment holds the largest market share in the Biorationals Market globally.
• North America accounted for the highest revenue share in the Biorationals Market in 2022, with a share of 33.50%.
• The Asia Pacific region is projected to experience high growth with a high CAGR from 2023 to 2030.

Top Market Trends

1. The Biorational industry is witnessing substantial investment in R&D activities, leading to the rise of innovative and more sustainable solutions. For example, companies like Bayer CropScience and BASF have dedicated research centers focused on developing effective biorational products with minimal environmental impact.
2. Biorational products are increasingly being adopted in emerging economies, driven by population growth, increasing food demand, and the need to address environmental concerns. For example, China's biorational market is experiencing significant growth due to rising consumer demand for organic produce and government initiatives to promote sustainable agriculture.
3. The enhanced awareness about the harmful impacts of chemical pesticides and chemicals in food has increased demand for herbal products. Biorationals, which are eco-friendly and safe for human consumption, are gaining popularity among consumers. Organic Trade Association stated that the organic market reached a record-breaking USD 52.5 billion in 2018, with organic food and non-food product sales increasing by 6.3%.
4. The biotechnology field is rapidly evolving, enabling the development of more effective biorational products. Genetic engineering and molecular biology techniques are employed to produce biorational solutions that are highly targeted, efficient, and environmentally friendly. For Instance, Certis Biologicals and Novozymes, two leading agricultural biotechnology companies, collaborated to develop new technologies for highly effective fungal disease control.
5. Governments worldwide are imposing stricter regulations on synthetic pesticides due to concerns about their impact on human health and the environment. Biorational products are considered safer and more sustainable, driving the shift away from conventional pesticides.

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Economic Insights

India is recognized for its distinctive standing in organic farming, as highlighted in the National Centre for Organic and Natural Farming Report 2021. With an extensive land area spanning 2.30 million acres, India proudly holds the title of the world's third-largest producer of organic goods. This achievement places India in a category all its own among the 187 nations actively engaged in organic agriculture. The government has seen a significant relative rise in organic agricultural acreage recently. This is due to increased demand for agricultural products derived from biomaterials, which will likely propel regional market expansion over the coming years. Organic farming is a crucial sector of EU agriculture, with almost 330,000 organic farmers in the European Union in 2019 and a 20% share of the farming area in the Member States. The Farm-to-Fork Strategy aims to increase the total farmland under organic farming in the European Union to at least 25% by 2030, providing opportunities for sustainable alternatives to control plant pests. North America's average per capita spending on organic food products was recorded as USD 109.7 in 2021. Farmers of the region are adapting to new biological technologies faster. The trend toward sustainable agriculture is expected to drive Biorationals usage in the area.

Market Segmentation

The Global Biorationals market is segmented across the segments:

The global Biorationals market can be categorized into Product, Crop, Region. The Biorationals market can be categorized into Botanical, Semiochemicals, Other Products based on Product. The Biorationals market can be categorized into Fruits & Vegetables, Cereals, Grains, Corn, Other Crops based on Crop. The Biorationals market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.

Based on Product

Botanical to Lead Maximum Market Share Due to Increasing Demand from Emerging Economies of Asia Pacific, Such as India and China

The botanicals segment will dominate the Biorationals market in 2022, accounting for considerable sales. One main factor for market expansion is the rising use of herbal plant products as pesticides and to control pests, namely nematodes, red spider mites, termites, and aphids. Roughly 2,000 plant species are used to control pests worldwide. Using botanicals is the cheapest and most natural way for effective pest management of grains stored by the producers. Locals can effectively and affordably protect their stored goods from pests using extracts from different parts of plants. This method is not only environmentally friendly, as it is biodegradable, but it also offers a cost-effective solution.

Based on Crop

Fruits & Vegetables Segment Expects Dominion Owing to the Growing Geriatric Population

The Fruits and Vegetables segment dominated the global Biorationals industry in 2022 and accounted for the maximum revenue share. This growth can be attributed to the high demand for the products from crop protection activities, i.e., insecticides, pesticides, and foliar application activities. Biorationals are minimally toxic organically derived pesticides and insecticides activity for crop protection. Shoot and fruit borer is a highly destructive pest that significantly damages brinjal crops in South Asia, as highlighted in a research article by S. Gayathri et al. (2019). The study examined the efficacy of different chemical pesticides in combating shoot and fruit borer, which can cause a reduction in output ranging from 20% to 60%. The research found that biorational pesticides successfully minimized the infestation of shoots and fruits in brinjal crops. Among the various biorational pesticides tested, Spinosad 45 SC and Emamectin benzoate 5 WG emerged as the most effective solutions.

Based on Region

North America to Dominate Global Sales Owing to a Stringent Regulatory Framework Against Synthetic Pesticides in the Region

In 2022, North America dominated the global Biorationals industry. A stringent regulatory framework against synthetic pesticides contributes tremendously toward regional product penetration. To tackle rising concerns over food security, food processors are increasingly embracing diverse agricultural and farming initiatives. Ongoing industrialization of the food system, mainly in the US and Canada, minimal environmental impact, and a rise in investments for enhancing crop yield rates are anticipated to drive investments for improving crop yield rates with minimal ecological impact.

The Biorationals industry in the Asia Pacific is rapidly gaining popularity. The growth is because of the rise in the agricultural activities in the region, including high crop demand from major economies, such as the U.S. and countries of Europe. Increasing demand for low-priced and high-quality organic commodities from India and China has forced crop producers to increase their productivity and minimize losses associated with pests.

Competitive Landscape

The Biorationals market is highly competitive, with several leading players vying for market share. Key companies in the market include Bayer AG, Isagro S.P.A, Gowan Company LLC, Summit Chemicals Company, and Suterra. These companies offer various biorational products, such as biopesticides, biofertilizers, and pheromones, to promote sustainable agriculture and pest management. For Instance, BASF is set to broaden its range of polyamides and polyphthalamides in Europe as it embarks on marketing various grades obtained through the acquisition of Solvay's PA66 business.

The key players in the global Biorationals market include - Koppert B.V. (Netherlands), Bayer AG (Germany), Isagro S.P.A. (Italy), Gowan Company LLC (U.S.), Summit Chemicals Company (U.S.), Suterra LLC (U.S.), Russell IPM (UK), Agralan Ltd. (UK), BASF SE (Germany), Syngenta (Switzerland), Monsanto (U.S.), CropScience (Germany), Chemtura Corp. (U.S.), DuPont – The Chemical Company (U.S.), Nufarm (Australia) among others.

Recent Market Developments

• In February 2023, Bayer acquired British medical imaging Al developer Blackford The. As part of a growth strategy, an agreement was made to enhance the digital analysis of medical images captured using Bayer's contrast agents on computed tomography, X-ray, and magnetic resonance scanners.
• In October 2022, Valent BioSciences, a prominent player in biorational products for farming, public health, and forest health, started directly selling bio-stimulant goods to its U.S. clientele. The organization can now operate the whole U.S. market due to the newly constructed operating unit, founded in February 2022 and fully functioning.

Segmentation of the Global Biorationals Market