Global Biorational Pesticides Market, By Type (Insecticides, Fungicides, Nematicides, Others), Source (Botanical, Microbial, Non-organic, Others), Application (Foliar Spray, Soil Treatment, Trunk Injection, Others), Crop Type (Fruits & vegetables, Cereals & grains, Oilseeds & pulses, Others), Formulation (Liquid, Dry), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Global Biorational Pesticides Market is expected to rise from its initial estimated value of USD 3.2 billion in 2018 to an estimated value of USD 8.0 billion by 2026, registering a CAGR of 12.30% during the forecast period of 2019-2026. This rise in market value can be attributed to the rising consumer shift towards organic foods and heavy crop loss owing to pest attacks.
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Some of the major competitors currently working in the global biorational pesticides market are Bayer AG, Syngenta AG, Monsanto Company, BASF SE, DowDuPont, Valent BioSciences LLC, ISAGRO S.p.A., Koppert B.V., Marrone Bio Innovations, Russell IPM Ltd, Gowan Company, Suterra, Agralan Ltd, Rentokil Initial plc, McLaughlin Gormley King Company, Summit Chemical, Inc, Prisms India Private Limited, Godrej Agrovet Limited, Navagro and Safsorganic., others.
Market Definition: Global Biorational Pesticides Market
Pesticides differ in their toxicity and also in potential ecological impact. The pest control materials which are non-toxic to people along with few environmental side-effects are termed as biorational pesticides. These are inexpensive, safe and healthy products. Biorational is also referred as organic pesticides or biopesticides. They are employed in forestry, gardens and agriculture. These products are useful to farmers and growers to early detect and control pests.
- Growing farming practices and technologies is driving the market growth
- Various promotions by government organizations is also expected to boost the market growth
- Limited availability of products is restraining the market growth
- Lower shelf life of biorational pesticides is also expected to hinder the market growth
Segmentation: Global Biorational Pesticides Market
- Azadirachtin & Neem Oil
- Bacillus Thuringiensis
- Beauveria Bassiana
- Foliar spray
- Soil treatment
- Trunk injection
By Crop Type
- Fruits & vegetables
- Citrus Fruits
- Cereals & grains
- Oilseeds & pulses
- Cotton Seed
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
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Key Developments in the Market:
- In July 2018, Valent BioSciences unveiled a new biorational research facility at Libertyville’s stylish innovation park. This strategy would help in the technological advancement of products.
- In January 2016, Valent BioSciences Corporation announced an agreement with The BioAg Alliance for distributing certain Actinovate biological fungicide products. This strategy would help in enhancing the customer base.
Competitive Analysis: Global Biorational Pesticides Market
Global biorational pesticides market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biorational pesticides market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
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