Global Biorational Pesticides Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
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The global biorational pesticides market is set for robust expansion, projected to elevate from $5.16 billion in 2022 to $5.91 billion in 2023, showcasing a compelling Compound Annual Growth Rate (CAGR) of 14.5%. This upward trajectory is anticipated to continue, reaching $9.70 billion in 2027, fueled by a CAGR of 13.2%.
- Sustainable Agriculture’s Vanguard: The market’s growth aligns with the rising adoption of sustainable agricultural practices.
Tending to the Earth: Demand for Residue-Free Organic Crops
The biorational pesticides market is experiencing a surge driven by the escalating demand for residue-free organic crops. As consumers increasingly prioritize organic produce, residue-free organic crops become paramount. These crops are cultivated through organic farming methods, avoiding synthetic pesticides, herbicides, and fungicides. Biorational pesticides, a cornerstone of organic farming, play a pivotal role in preventing soil contamination while controlling insects, weeds, and nematodes.
- Organic Sales Surge: The U.S. Department of Agriculture reports a significant uptick in organic goods sales, reaching $11.2 billion in 2021, a 13% increase from 2019.
- Certified Organic Farms Increase: The organic farming landscape witnesses a 5% rise in certified organic farms, numbering 17,445 in 2021.
Industry Titans: Key Players Shaping the Market
Major players such as BASF SE, Dow Inc., Bayer Aktiengesellschaft, and Syngenta International AG are instrumental in steering the biorational pesticides market. Their strategic positions and contributions underscore their role in the industry’s advancement.
- Global Impact: Key players wield substantial influence in shaping the global landscape of biorational pesticides.
Innovating for a Greener Tomorrow: Product Innovations
A notable trend in the biorational pesticides market is the emphasis on product innovation. Industry leaders are keen on introducing novel solutions to sustain their market standing. For example, Sumitomo Chemical India Ltd., a major player, recently launched three registered products in India, demonstrating the commitment to addressing emerging pest concerns and fostering sustainable agriculture.
- Sumi Blue Diamond: A groundbreaking product enhancing crop growth and production for paddy growers, with unique formulations approved by the Central Insecticide Board.
- Pyclome: A potent combination of chemicals with various mechanisms of action, offering superior pest control for cotton and brinjal crops.
- Danitol NXT: An innovative EW formulation providing safe and effective insecticide solutions for Indian rice farmers.
Market Dynamics: Segmentation for Diverse Needs
Understanding the varied requirements of end-users, the biorational pesticides market is segmented across key parameters to offer tailored solutions. Segments include types such as biorational insecticides, biorational fungicides, and biorational nematicides, sourced from botanical, microbial, non-organic, and other sources.
- Type Segmentation:
- Biorational Insecticides
- Biorational Fungicides
- Biorational Nematicides
- Other Types
- Source Segmentation:
- Other Sources
- Crop Type Segmentation:
- Fruits and Vegetables
- Cereals and Grains
- Oilseeds and Pulses
- Other Crop Types
- Formulation Segmentation:
- Mode of Application Segmentation:
- Foliar Spray
- Soil Treatment
- Trunk Injection
- Other Modes of Application
Regional Prowess: North America Leads the Way
In 2022, North America emerged as the largest region in the biorational pesticides market. The region’s prominence is a testament to its commitment to sustainable agriculture and the adoption of biorational pesticides in farming practices.
- Sustainable Agriculture Hub: North America’s leadership underscores its role as a hub for sustainable agricultural practices.
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The Biorational Pesticides Global Market Report 2023 provides an overview of the biorational pesticides market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The biorational pesticides market forecast analyzes biorational pesticides market size, biorational pesticides market share, leading competitor and their market positions.
The Table Of Content For The Biorational Pesticides Market Include:
1. Biorational Pesticides Market Executive Summary
2. Biorational Pesticides Market Segments
3. Biorational Pesticides Market Size And Biorational Pesticides Market Growth Rate
4. Key Biorational Pesticides Market Trends
5. Major Biorational Pesticides Market Drivers
25. Key Mergers And Acquisitions In The Biorational Pesticides Market
26. Top Biorational Pesticides Companies
27. Biorational Pesticides Market Opportunities And Strategies
28. Biorational Pesticides Market, Conclusions And Recommendations
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