Biorational Pesticides Market Scenario

Biorational pesticides Market are pest control materials that are less toxic and harmful to humans, animals, and environment. The products are mostly considered natural and are permitted to be used in organic farming. The increasing awareness regarding environmental sustainability and consumer shift to organic food are the major market drivers. The market has high potential in developing countries. However, the lack of basic infrastructure, along with low shelf life of these products, is restraining the growth of the market. The major players are focusing on innovation and geographical diversification to expand in the market.

Global Biorational Pesticides Market Trends 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.

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.

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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).

Regional Analysis

Based on 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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Market Scenario

The Global Microencapsulated Pesticides Market is expected to register a CAGR of 12.34% from 2019 to 2024 and reach USD 712 million by the end of 2024.

Microencapsulated pesticides are chemical fertilizers enclosed in a protective layer made of starch, plastic, or some other material. These pesticides are used for localized spraying of pesticides against targeted pests, insects, fungus, and weeds. It is available to plants as per requirement and to avoid toxic effects of pesticides on environment and human beings. There is a surging demand for microencapsulated pesticides as conventional pesticides reduce the soil fertility and have adverse effects on plant growth.

The Global Microencapsulated Pesticides Market Size has been categorized on the basis of product, crop type, technology, application, and region. Based on product, the global microencapsulated pesticides market has been segmented into herbicides, insecticides, fungicides, rodenticides, and others. The insecticides segment dominated the global market in 2017 due to significant adoption rate and easy degradability. In addition to this, low leaching property of the product and major companies focusing on the development of insecticides formulation through R&D activities further drive the market growth. The herbicides segment is projected to grow at a healthy CAGR in the coming years due to surging demand for the product in controlling weed growth.

Market Segmentation

The global microencapsulated pesticides market has been categorized based on product, crop type, application, technology, and region.

By product, the global microencapsulated pesticides market has been classified into herbicides, insecticides, fungicides, rodenticides, others.

Based on crop type, the global microencapsulated pesticides market has been divided into cereals and grains, oilseed and pulses, fruits and vegetables, turf and ornamental.

Based on technology, the global microencapsulated pesticides market has been segmented into physical, chemical, physio-chemical, and others. The physical segment is further classified into centrifugal extrusion and vibrational nozzle. The chemical segment is further bifurcated into polymerization and interfacial polycondensation. The physio-chemical segment is further divided into ionotropic gelation and supercritical fluid precipitation.

Regional Analysis

Geographically, the global microencapsulated pesticides market has been studied across the five regions —Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The European market held the largest market share in 2017 and is projected to grow at the highest CAGR in the coming years owing to government initiatives on consumption of controlled spraying of pesticides and increased focus on product innovation. Germany is the major contributor in the region owing to ban on certain toxic pesticides and due to the presence of major companies such as Bayer AG and BASF SE serving microencapsulated pesticides in nearby countries. Austria, France, Belgium, and Italy are other regions contributing to regional market growth.

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Competitive Analysis

ECOSAFE NATURAL PRODUCTS INC. (Canada), Syngenta (Switzerland), Monsanto Company (US), FMC Corporation. (US), ADAMA (Israel), BASF SE (Germany), Bayer AG (Germany), BotanoCap (Israel), Reed Pacific Pty Limited (Australia), Arysta LifeScience Corporation (US), McLaughlin Gormley King Company (US), GAT Microencapsulation (Austria), and Belchim Crop Protection (Belgium) are some of the key players operating in the global microencapsulated pesticides market.

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Different type of pesticides such as herbicide, insecticides, rodenticide, fungicide and anti-microbial are available that serve different purposes based on their diverse formulations. For example, insecticides target to kill insects whereas herbicides focus to regulate growth of unwanted plants or weeds. Increasing adoption of nanotechnology to obtain nano-pesticides with new formulations for an extensive range of applications in agri-food production are driving the growth of the pesticides market. This information is based on a recent market research report from Industry ARC, titled “Pesticides Market: By Type (Bio-Pesticides, Synthetic Pesticides); By Crop Type (Vegetables & Fruits, Oilseeds & Pulses, Cereals & Grains, Commercial Crops, Plantation Crops and Others) & By region - Forecast(2018 - 2023).”

Global Pesticides Market: Demand Analysis

Pesticides are promising solutions to ensure food security and defend against biological disasters.

The United Nations Population Division estimates that 9.7 billion population will exist on Earth by 2050, which is nearly 30% more to 2017. Due to the growing population in developing countries, the necessity of food production increases by 80% according to the Food and Agriculture Organization of the United Nations (FAO). But only 20% of new food production is expected to come from the expansion of available farming land. Thus, pesticides which are useful for sustainable agriculture are high in demand. Botanical pesticides are best alternatives to synthetic pesticides, as they are obtained from natural origin substances which are less harmful to humans.

Innovative nanotechnology-derived formulations are allowing these pesticides to boost up the agricultural productivity and also helpful in reducing health and environmental impacts. Pesticides are indispensable in precisely regulating the target pests and diseases caused by them. In addition to this, they also enhance crop production. All these factors put together, the global pesticides market is poised for a profitable future.

Browse 52 Market Tables, 176 Figures spread through 153 slides and an in-depth TOC on “Pesticides Market (2018 - 2023)”

Pesticides Market: Competitive Analysis

Syngenta AG, BASF SE, The Dow Chemical Company and DuPont, and Bayer AG are some of the key players holding major share in the pesticides market.
In 2018, BASF SE launched new insecticide named “Sefina Inscalis” in India. It protects cotton and vegetable crops from jassids and whiteflies which makes it an effective solution to produce high quality crops safely.

Syngenta AG is one of the largest producers for pesticides that observed sales of $12.65 billion in 2017. In 2018, it launched two new fungicides named Posterity and Secure Action that control turf diseases, hoping to enhance its product portfolio in the pesticides market.
The Dow Chemical Company and DuPont are publicly traded companies in agriculture. They provide crop protection products such as Aproach Prima fungicide and Quelex herbicide with Arylex active. In the second quarter of 2018, agriculture division valued $5.7 billion. It depicts double-digit growth in insecticides and 4 percent increases in local prices which contributes for the growth of sales in agriculture sector.

Pesticides are biocides that are pioneering solution to protect plants from pests. They are majorly used to improve the crop yields in the available farming lands. Pesticides are playing crucial role in enhancing food production to meet the increasing demand from growing population worldwide. Thus, these factors are contributing to the growth of pesticides market during the forecast period 2018-2023.

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