Press release
Biorationals Market to Witness Robust Expansion by 2025
The increasing implementation of innovative pest management is expected to drive the growth of the biorational market over the forecast period. Adverse effects of synthetic pesticides on the useful organisms in farm products have created an ample amount of opportunities for the growth of biobased products. The high contents of residues left on cereals and vegetables can affect the health of the consumer by impairing the endocrine system in human body. As a result of this, many laws are being implemented on the maximum residue levels of pest control agents used in agriculture. Many conventional pesticides are being withdrawn from the market because of this strict regulation in some regions.
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However, this eco control products have the minor risk of maximum residue level, so they are expected to offer plenty of opportunities for the enterprises to improve their R&D investments and develop efficient products during the forecast period. Biorational pesticides are efficient in managing pest resistance and it is witnessing an increasing acceptance among the farmers. This has created a substantial demand for products such as neem extracts, pheromones, repellents, and essential oils over the past few years. The rising concern towards food security with the help of sustainable strategies is likely to steer the demand for natural pesticides over the forecast period.
The fruits and vegetable segment is expected to account for a leading segment in bio rational market. Growing concern towards the insects such as coleopterous on berry fruits, citrus, and pome is expected to drive the demand for insect growth regulators and antifeedants.
The global Biorationals Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). Western Europe is having the largest share of the global Biorationals market. The increasing food safety concerns among the consumers as well as the increasing market for processed food is expected to drive the APEJ Biorationals market at the higher rate. The APEJ region is a significant trading partner with other developed markets such as Europe and North America. China is expected to have higher market share among the APEJ region. Increasing instances of pesticides contamination in the air, soil and water bodies have become a severe concern which is likely to increase the demand for pesticide testing market.
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