Biorational Product Market Know the Scope and Trends

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Biorational Product Market Size, Share & Trends Analysis Report By Type (Micronutrient Fertilizers, Slow-Release Fertilizers, Controlled-Release Fertilizers, Customized Fertilizers, Water-Soluble Fertilizers And Others) And Crop Type (Pulses And Oilseeds, Grains And Cerals, Commercial Crops, Fruits And Vegetables And Others)- Market Outlook And Industry Analysis 2031"

The global biorational product market is estimated to reach over USD 30.82 billion by 2031, exhibiting a CAGR of 20.24% during the forecast period.

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Chemical pesticides, while effective in boosting crop productivity, are known to compromise food quality and pose significant health risks. Pesticide residues can deteriorate the quality of milk, vegetables, seafood, and animal feed, and prolonged exposure has been linked to respiratory ailments. These residues adversely affect human immune and endocrine systems and may even contribute to cancer development. In response, biorational products have emerged as environmentally sustainable solutions to these challenges.

The adoption of biorational pesticides, which enhance crop quality, productivity, and sustainability, is gaining momentum and driving market revenue growth. The increased application of eco-friendly pest management technologies is enabling farmers to optimize crop quality and promote agricultural sustainability. Furthermore, the implementation of green crop protection measures is encouraging producers to offer more sustainable products and services, presenting promising growth opportunities for market participants over the forecast period.

List of Prominent Players in the Biorational Product Market:
• Agralan Ltd.
• BASF SE
• Bayer Agrar Germany
• Bioworks, Inc
• Gowan Company LLC
• Inora Biotech Pvt. Ltd.
• Isagro S.P.A
• Koppet Biological Systems
• Monsanto Company
• Nufarm Limited

Market Dynamics:
Drivers-
The market is expected to be driven by the increasing adoption of advanced pest control systems over the forecast period. Conventional pesticides, which are composed of synthetic materials, have been found to adversely affect crop quality and compromise the endocrine system due to residual chemicals. This has led to a growing demand for biorational products, as many conventional pesticides are being phased out. Additionally, rising consumer demand for organic food products is further stimulating market growth.

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Challenges:
The global market for biorational products faces significant constraints, primarily due to limited awareness among farming communities and the comparatively lower efficacy of natural insecticides in pest management. Key challenges include slower control rates, reduced effectiveness, and shorter persistence compared to standard pesticides. Moreover, the efficient application of biopesticides requires a higher level of technical expertise, as these products are generally less robust than conventional alternatives. High production costs and rapid degradation further impede market expansion.

Regional Trends:
The Asia-Pacific region is anticipated to secure a significant revenue share and experience robust growth at a high compound annual growth rate (CAGR) in the near future. The region's food and agriculture sector is a major driver of this growth, supported by government initiatives aimed at fostering technological advancements. Similarly, North America holds a considerable market share, driven by technological innovations in the food and agricultural industries. In both regions, demand is expected to be propelled by the integration of cutting-edge technology into established processed food and agricultural operations, along with the presence of leading companies headquartered in these areas.

Recent Developments:
• In August 2021, Nuseed's Omega-3 Canola Oil, a new dietary component, was unveiled by Nufarm Limited. It has a high omega-3 profile with DHA+EPA and ALA that supports human nutrition. The corporation will improve its market position with this introduction.
• In June 2021, to scale up and hasten its digital transition, Koppert Biological Systems purchased AgriAI, a Dutch artificial intelligence start-up. The biological solutions company's acquisition of AgriAI is a step toward its goal of becoming a leading digital innovator in horticulture and agriculture.
• In July 2019, The Australian Pest and Veterinary Medicine Association has approved BASF's new biological pesticide, Velifer®. When employed in an integrated pest management approach, this solution can help avoid insect resistance to pesticide treatment in protected crops - greenhouses and other protective buildings.

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Segmentation of Biorational Product Market-
By Type
• Insecticides
• Fungicides
• Nematicides
By Source
• Botanical
• Microbial
• Non-organic
By Mode of Application
• Foliar Spray
• Soil Treatment
• Trunk Injection
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.