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Latin America: biorational market value 2018-2023

The market value of biorationals in Latin America is forecast to reach approximately 880 million U.S. dollars by 2023, up from an estimated 340 million U.S. dollars in 2018. A compound annual growth rate (CAGR) of 21.4 percent is expected for the period. Biorationals are targeted inseticides, meaning they are effective against their target while not causing harm to humans, the environment, or other animals.

Biorational market value in Latin America from 2018 to 2023

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Release date

February 2020



Survey time period


Supplementary notes

* Forecasts. An exponential development of the values was assumed to estimate the annual values between 2018 and 2023, based on the CAGR provided by the source.

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