Concerns about food sufficiency have been around for quite a long time now, and this has reverberated the need for crop and plant safety. Every year, weeds and pests affect the crops and result in a huge amount of loss of crops, accounting for 20-40% of the agricultural productivity in the past. To tackle this loss of crops and meet the demand of food globally, companies have invented biorational products, which assist in maintaining the quality, increasing the productivity and sustainability in agricultural production systems, disease vector management in public health systems, and in other industrial and residential areas.

Biorational products are comparatively non-toxic, with minimal environmental side-effects, because they are derived from organic and natural products. It includes biological pesticides as well as products used for crop stress management, enhanced plant physiology benefits, and root growth management. In the last five years, the biorational products market has witnessed its most significant growth, in terms of both revenue and consumer acceptance. This has paved the way for a worldwide acceptance of biorational products and they are being used in structural pest control, agriculture, public health, forestry, turf, and aquaculture, among others.

The concept of “green crop protection” has gained traction across the globe and this is driving the demand for biorational products. Many countries have significantly reduced the maximum residue limit (MRLs) due to the increasing concern over pesticide residues on food and this trend is expected to continue in the future. The ever growing demand for food safety is driving the global biorational market towards a substantial growth and the companies present in the market across the globe are launching a wide range of products to gain market presence. Moreover, factors such as increasing adaptation of integrated pest management, improvement in the scope of biorational products as a result of the adverse impact of synthetic pesticides, increasing demand for organic food products, and awareness regarding the hazardous effects of chemical pesticides are driving the market for a tremendous future growth.

Despite the growth factors prevailing in the market, the lack of awareness about biorational products and restrictive regulatory frameworks may inhibit the growth of the biorational product market, which is expected to grow at a CAGR of 15.68% from 2017 to 2023. The birational market holds a significant share in various countries such as USA, Germany and China. The prevalent biorational products in the market are namely botanical, microbial pesticides, semiochemicals and others, including (macrobials, natural products, minerals and synthetic). The microbial pesticide segment is dominating the biorational product market currently and generated the maximum revenue in the last fiscal year. However, during 2017 and 2023, semiochemicals segment is expected to grow at a faster rate as compared to other type of products in the biorational market. The higher growth of semiochemicals is attributed to the increased adaptation of efficient monitoring and quality control techniques in the agriculture industry.

BIS Research has conducted an extensive market research on ‘Global Biorational Market – Analysis and Forecast 2017-2023’. The market intelligence report aims to provide an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which include drivers, restraints and opportunities prevailing in the industry.

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