Embracing Integrated Pest Management Spurs Growth of Biorational Market - Isagro SpA, Summit Chemical Company, Gowan Company LLC

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Biorational Global Market Report 2023 identifies the increasing adoption of integrated pest management is the major driver for the biorational market's growth in the forecast period. Integrated Pest Management is a system of managing pests that has been designed to be sustainable. Integrated pest management involves using the best combination of cultural, biological, and chemical measures for particular circumstances, including plant biotechnology as appropriate. The use of biorational products for the management of insect pests has grown intensively, which has increased its popularity. The Government of India has adopted integrated pest management (IPM) as the main plank of plant protection in the Crop Production Programme. For instance, according to the Government of India Ministry of Agriculture and Farmers Welfare, in 2021, crop yield has been increased from 6.72-40.14% in rice and 22.7-26.63% in cotton in integrated pest management fields when compared to non-integrated pest management fields.

The global biorational market size will grow from $3.28 billion in 2022 to $3.82 billion in 2023 at a compound annual growth rate (CAGR) of 16.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The biorational market size is expected to grow to $6.59 billion in 2027 at a CAGR of 14.6%.

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Major competitors in the biorational market are Isagro SpA, Summit Chemical Company, Gowan Company LLC, BASF SE, Suterra LLC, McLaughlin Gormley King, Marrone Bio Innovations, Biological Control Products.

A key trend in the biorational market includes technological advancements. Major companies operating in the biorationals sector are focused on introducing innovative technologies for the development of biorationals. For instance, in November 2021, Syngenta Crop Protection, a Switzerland-based company that manufactures bio-rationals, launched PLINAZOLIN technology, setting a new standard in innovative insect control. This will help growers protect their crops from a different range of pests.

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The biorational market is segmented -

1) By Product Type: Botanicals, Semiochemicals, Other Product Types

2) By Formulation: Liquid, Dry

3) By Crop Type: Cereals and Grains, Fruits and Vegetables, Other Crop Types

4) By Application: Agriculture, Aquaculture, Structural Pest Control, Other Applications

5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the biorational market.

The Business Research Company's "Global Biorational Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Biorational Market Include:
1. Executive Summary
2. Biorational Market Characteristic
3. Biorational Market Trends And Strategies
4. Biorational Market - Macro Economic Scenario
5. Biorational Market Size And Growth
……………
27. Biorational Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biorational Market
29. Biorational Market Future Outlook And Potential Analysis
30. Appendix

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