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Biorational Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends | Isagro S. p. A., Summit Chemical Company, Gowan Company LLC, BASF SE, Suterra LLC
Biorational Global Market Report
The Business Research Company offers in-depth market insights through Biorational Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The biorational market size has grown rapidly in recent years. It will grow from $3.9 billion in 2023 to $4.56 billion in 2024 at a compound annual growth rate (CAGR) of 17.0%. The growth in the historic period can be attributed to increased awareness about environmental concerns , the negative impacts of chemical pesticides , eco-friendly agricultural practices.
The biorational market size is expected to see rapid growth in the next few years. It will grow to $8.37 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to regulatory support, the push for organic farming, the desire to reduce chemical residues in food. Major trends in the forecast period include advancements in research, increasing adoption of integrated pest management (ipm) strategies, technological advancements, improved formulations.
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Market Segmentation:
The biorational market covered in this report 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
Major Driver - Growing Adoption Of Integrated Pest Management (IPM) Fuels Demand For Biorational Products In Agriculture
Increasing adoption of integrated pest management is driving the demand for biorational products going forward. 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. Therefore, the increasing adoption of integrated pest management will drive the growth of the biorational market.
Competitive Landscape:
Major companies operating in the biorational market report are Isagro S. p. A., Summit Chemical Company, Gowan Company LLC, BASF SE, Suterra LLC, McLaughlin Gormley King Company, Marrone Bio Innovations Inc., Biological Control Products LLC, Russell IPM Ltd., Valent BioSciences LLC, Sumitomo Chemical Company Limited, Certis USA LLC, BioWorks Inc., Koppert Biological Systems B. V., Vestaron Corporation, Andermatt Group AG, AgBiTech Pty Ltd., e-nema GmbH, Novozymes A/S, Nufarm Limited, OHP Inc., Sipcam Agro USA Inc., Verdera Oy, STK Bio-ag Technologies, Cedar Chemicals LLC, Pherobank BV, Exosect Ltd., Shin-Etsu Chemical Co. Ltd., AgriSense-BCS Ltd.
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Top Trend - Innovative Technological Advancements Drive Growth In The Biorational Market
Technological advancements have emerged as a key trend gaining popularity in the biorational market. 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. The launch of new technology is a result of an ongoing commitment to invest in the long-term development of innovative and effective solutions that increase crop productivity in an environmentally sustainable and responsible way.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Biorational Market Characteristics
3. Biorational Market Trends And Strategies
4. Biorational Market - Macro Economic Scenario
5. Biorational Market Size And Growth
…..
27. Biorational Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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