Biorational pesticides also known as organic pesticides are non-toxic pesticides derived from natural sources such as plant extracts, pathogens, and others. Major factors driving growth of the global biorational pesticides market are rising demand for eco-friendly pesticides, owing to rising awareness regarding hazards of chemical pesticides and growing demand for organic food. A major factor restraining growth of the global market is short life of biorational pesticides.
The global biorational pesticides market is segmented on the basis of type, source, mode of application, crop type, formulation, and region. On the basis of type, the global market is segmented into insecticides, fungicides, and nematicides. The insecticides segment is expected to register major revenue share in the global market over the forecast period. On the basis of source, the global market is segmented into botanical, microbial, and non-organic
On the basis of mode of application, the global market is segmented into foliar spray, soil treatment, and trunk injection. The foliar spray segment is anticipated to register major share in terms of revenue in the global market in coming years. On the basis of crop type, the global market is segmented into fruits & vegetables, cereals & grains, and oilseeds & pulses. The fruits & vegetables segment accounts for highest revenue share in the global market. On the basis of formulation, the global market is segmented into liquid and dry.
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On the basis of region, the global biorational pesticides market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market accounts for highest share in terms of revenue in the global market, followed by the market in Europe. The market in Asia Pacific is expected to witness a fastest growth in the global market during the forecast period.
Key players operating in the global market include Bayer AG, Koppert B.V., BASF SE, Valent BioSciences LLC, Isagro SpA, Russell IPM, Marrone Bio Innovations, The Dow Chemical Company, Gowan Company LLC, and Syngenta AG.