Global Biorational Pesticides Market Poised for Growth, Expected to Reach $10.96 Billion by 2028

The Business Research Company's Short Biorational Pesticides Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

LONDON, GREATER LONDON, UK, July 2, 2024 /EINPresswire.com/ -- The global biorational pesticides market has seen rapid growth in recent years, driven by increasing demand for organic agriculture and stringent regulations on chemical pesticides. The market is projected to grow from $5.91 billion in 2023 to $6.75 billion in 2024, at a compound annual growth rate (CAGR) of 14.3%. It will grow to $10.96 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. This growth is attributed to factors such as consumer preference for environmentally friendly pest control solutions and the need for effective resistance management in pest control.

Rising Demand for Residue-Free Organic Crops Drives Market Growth
The increasing demand for residue-free organic crops is a significant driver for the biorational pesticides market. Organic farming practices, which exclude synthetic pesticides, herbicides, and fungicides, rely on biorational pesticides to control pests effectively while maintaining soil health. According to the U.S. Department of Agriculture, organic sales reached $11.2 billion in 2021, indicating a growing market for organic produce and supporting the demand for biorational pesticides.

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Major Players and Market Trends
Key players in the biorational pesticides market, including BASF SE, Dow Inc., Bayer Aktiengesellschaft, and Syngenta International AG, are focusing on advanced product innovations. Companies are developing extended-release formulations like Valent BioSciences' MetaLarv XRP, designed for long-lasting mosquito larvae control in challenging environments. Such innovations enhance operational efficiency and sustainability in pest management.

Market Segments
• Product Type: Biorational Insecticides, Biorational Fungicides, Biorational Nematicides, Other Types
• Source: Botanical, Microbial, Non-Organic, Other Sources
• Crop Type: Fruits And Vegetables, Cereals And Grains, Oilseeds And Pulses, Other Crop Types
• Formulation: Liquid, Dry
• Mode of Application: Foliar Spray, Soil Treatment, Trunk Injection, Other Modes of Application
Geographical Insights: North America Leading the Market
North America emerged as the largest region in the biorational pesticides market in 2023, driven by strong adoption rates and regulatory support for sustainable agriculture practices. The region continues to lead in innovation and market penetration, with significant contributions from key players and research institutions.

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Biorational Pesticides Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Biorational Pesticides Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on biorational pesticides market size, biorational pesticides market drivers and trends, biorational pesticides market major players, competitors' revenues, market positioning, and market growth across geographies. The biorational pesticides market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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