Global Biorationals Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Biorationals Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product (Botanicals, Semiochemicals, and Others), Crop (Fruits & Vegetables, Grains, Cereals, Corn, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Biorationals Market was valued at USD 1,040.1 million in 2023 and is expected to reach USD 2,118.5 million by 2031 while growing at a CAGR of 9.3% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global biorationals market growth. Biorationals, short for "biological rationals," are agricultural products derived from natural materials or organisms, aimed at managing pests, diseases, and promoting crop growth. Unlike conventional chemical pesticides and fertilizers, these products are environmentally friendly, minimizing impact on non-target organisms, such as beneficial insects, animals, and humans. The adoption of biorationals aligns with the principles of sustainable agriculture and integrated pest management (IPM).
The growing demand for sustainable agriculture and a strict regulatory framework for chemical pesticides are propelling the biorationals market. Nevertheless, challenges such as limited efficacy compared to chemical alternatives and issues in formulation and stability may impede its expansion.
Furthermore, the global biorationals industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Analysis
The Global Biorationals Market is segmented among Botanicals, Semiochemicals, and Others, based on Product. In 2023, Botanicals accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Crop Analysis
The Global Biorationals Market is segmented among Fruits & Vegetables, Cereals, Grains, Corn, and Others, based on Crop. In 2023, Fruits & Vegetables accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Biorationals Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Syngenta, Monsanto, BASF, BAYER AG, CropScience, Chemtura, Nufarm, DuPont, Becker Underwood, Suterra, LLC, Russell IPM Ltd., Agralan Ltd., Rentokil Initial Plc, McLaughlin Gormley King (MGK), Koppert BV, Inora, Isagro Spa, Gowan Company, LLC, and Summit Chemical.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Biorationals Market Dynamics
Drivers
Restraints
Opportunity
4. Global Biorationals Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Biorationals Market Segmentation, By Product
Global Biorationals Market Share Analysis, By Product
Global Biorationals Market Growth Analysis, By Product
Global Biorationals Market Trends, By Product
o Botanicals
o Semiochemicals
o Others
6. Global Biorationals Market Segmentation, By Crop
Global Biorationals Market Share Analysis, By Crop
Global Biorationals Market Growth Analysis, By Crop
Global Biorationals Market Trends, By Crop
o Fruits & Vegetables
o Grains
o Cereals
o Corn
o Others
7. Global Biorationals Market Segmentation, By Region
Global Biorationals Market Share Analysis, By Region
Global Biorationals Market Growth Analysis, By Region
Global Biorationals Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Syngenta*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Monsanto
BASF
BAYER AG
CropScience
Chemtura
Nufarm
DuPont
Becker Underwood
Suterra, LLC
Russell IPM Ltd.
Agralan Ltd.
Rentokil Initial Plc
McLaughlin Gormley King (MGK)
Koppert BV
Inora
Isagro Spa
Gowan Company, LLC
Summit Chemical
*Similar analysis will be provided for each company listed above.
