North America's biorational market size is expected to reach USD 5.59 billion in 2024 and is anticipated to reach USD 14.39 billion by 2029, estimated to be growing at a CAGR of 20.8% from 2024 to 2029.
Biorational products are insecticides that are comparatively non-toxic to human beings with minimal environmental side effects. These are typically derived from natural and organic origins which includes biological pesticides as well as products used for crop stress management, enhanced plant physiology benefits, and root growth management.
Stringent regulations pertaining to the use of synthetic pesticides has contributed tremendously towards market penetration in the region. Various agri-business initiatives were adopted by the food processors and farming enterprises to cater the growing concerns towards food security. Ongoing industrialization of the food system, particularly in the U.S. and Canada is anticipated to drive investments for enhancing crop yield rates, with minimal environmental impact. Adverse impacts of synthetic pesticides on beneficial organisms in farmland and terrestrial ecosystems have offered ample scope for bio-based products. However, people are still not aware of the biorational products and their usage, which might be a hindrance to the growth of the market.
On the basis of geography, the global market is analysed under various regions namely
North America currently dominates the biorational market.
Some of the key players dominating the market are Koppert B.V., Marrone Bio Innovations, Monsanto Company, The Dow Chemical Company, and Gowan Company LLC, Valent U.S.A. Corporation, Russell IPM limited, Agralan limited, Monsanto Company, Gowan company LLC, Suttera, Syngenta, BASF SE, Isagro S.P.A, and Bayer AG.
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