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 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.
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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.
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
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
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The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Few 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.
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