Biorational Pesticides Market 2021-2027 | Insights and Post-Pandemic Impact Analysis
Market Highlights
Biorational pesticides are efficacious against target
pests but are less detrimental to natural enemies as compared to chemical
pesticides. The term is sometimes also used to describe only those products
derived from natural sources, such as plant extracts and insect pathogens. The
rise in concerns about food safety has led farmers to explore
environment-friendly methods to replace or supplement the current
chemical-based practices. The use of biorational pesticides is the alternative
to chemical pesticides.
Based on source, the global Biorational
Pesticides Market has been segmented into botanical,
microbials, minerals, and others. The botanical segment accounted for the
maximum market share in 2018. Botanical oils such as neem oil, canola oil, and
jojoba oil drive the growth of this segment. However, the microbial segment is
expected to grow at a highest CAGR during the forecast period.
The global Biorational Pesticides Market has been
segregated, by mode of application, foliar spray, soil treatment, trunk
injection, and others. The foliar spray segment is expected to dominate the
global Biorational Pesticides Market during the assessment period as the direct
application on leaves through foliar spray is the most effective way of
supplying nutrients to plants.
The global market for biorational pesticides has also
been classified, by type, as biorational insecticides, biorational fungicides,
biorational nematicides, and others. Biorational insecticides are one of the
most largely commercially available types of biorational pesticides. The
increasing awareness among farmers is the major driver for the segment.
On the basis of crop type, the global biorational
pesticides fruits & vegetables, cereals & grains, oilseeds &
pulses, and others.
Regional Analysis
On the basis of region, the global Biorational
Pesticides Market has been segmented by North America, Europe, Asia-Pacific,
and RoW. North America is expected to dominate the global Biorational
Pesticides Market owing to the growing demand for organic products. Moreover,
the awareness among the farmers regarding the benefits of the biorational
pesticides has contributed significantly to the Biorational Pesticides
Market.
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Key Players
Some of the key players in the global Biorational
Pesticides Market are Bayer AG (Germany), Syngenta AG (Switzerland), Monsanto
Bioag (US), BASF SE (Germany), Dowdupont (US), Valent Biosciences (Canada),
Isagro SAP (Italy), Koppert (The Netherlands), Marrone Bio Innovations (US),
and Russell IPM (UK).
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