Global Biorational Market: Overview
Biorationals are sustainable biological pesticides and other plant-related products. They are non- toxic to people with few environmental side-effects. These are inexpensive healthy and safe products. High specificity is the characteristic property of biorationals. Biorationals are also known as biopesticides or organic pesticides. They are employed in agriculture, forestry, and gardens. These products are beneficial to growers and farmers for early detection and control of pests. Rising demand for food has prompted growers to produce more food from restricted land without adversely impacting the land. This problem can be overcome with the help of biorational. These products specifically target pests and protect crops from pests, weeds, and other diseases.
The global biorational market can be segmented based on product type, application, industry, and region. Based on product type, the biorational market can be segregated into botanicals, microbial pesticides, minerals, and synthetics. Botanicals are short-lived plant-derived products such as hormones, enzymes, and plant regulators. Microbial pesticides are obtained from living microorganisms and their byproducts. Microbial pesticides can be derived from bacteria, fungi, and viruses. They are highly specific in nature so that they can target only pests, not beneficial organisms. Processed minerals such as iron phosphate, potassium bicarbonate, and phosphate & copper compounds are derived from mining from the Earth. Some products (synthetics) are synthesized by different chemical processes and can be utilized as biorationals. They can be employed as insect growth regulators. Biorationals can be applied in crop stress management, enhanced plant physiology benefits, and root growth management. In terms of application, the market can be divided into agriculture, forestry, public health, aquaculture, turf, structural pest control, and home & garden market. Based on region, the biorational market can be divided into Asia Pacific, Europe, Middle East & Africa, North America, and Latin America.
Highly specific, economical and health- & environment-friendly nature of biorational are the driving factors of the biorationals market. Regular pesticides affect beneficial organisms and decrease crop & soil quality. Thus, several regular pesticides are banned. Biorational can help increase crop yield and productivity of crops and maximize farm quality. Initiatives in Europe such as ‘Green Crop Protection in Europe’, and rising demand for food safety are anticipated to fuel the market. Demand for biorational is rising due to the increase in demand for organic food, food safety concerns among consumers, and stringent regulations for food safety. Short life and rapid breakdown of the products are likely to restrain the biorational market.
The botanicals segment is expected to dominate the biorational market during the forecast period. Europe is estimated to hold a major share of the global market in the near future. High investments in sustainable development are anticipated to fuel the market in the U.S. Demand for neem oil and canola oil (botanicals) is increasing in India and China. The market in Asia Pacific and Latin America is likely to expand at a rapid pace. Global demand for biorationals is rising, especially in Spain, France, Italy, China, and India. Major players operating in the global biorational market include Bayer AG, BASF, Valent Biosciences, Gowan Company LLC, and McLaughlin Gormley King.