Biorational Product - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Biorational Product Market is accounted for $4,013.30 million in 2019 and is expected to reach $16,689.50 million by 2027 growing at a CAGR of 19.5% during the forecast period. Some of the factors such as awareness regarding the hazards of chemical pesticides and increasing demand for integrated pest management are propelling market growth. However, lack of awareness and low adoption rates is hampering the market growth.
Biorational products are insecticides that are comparatively non-toxic to human beings with minimal environmental side-effects. These are typically derived from natural and organic origins which include biological pesticides as well as products used for crop stress management, enhanced plant physiology benefits, and root growth management. Biorational products are also used utilizing soil treatment; such treatment is conducted if the soil contains chemicals or wastes such as oils or other non-degradable items.
Based on the product type, the botanical segment is going to have a lucrative growth during the forecast period. Botanical pesticides contain naturally occurring substances that control pests using a non-toxic mechanism. The substances that control diseases in this category include pyrethrin, azadirachtin, and plant extracts, while botanical oils such as neem oil, canola oil, and jojoba oil drive the growth of this segment.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors in the growth of the biorational product market.
Some of the key players profiled in the Biorational Product Market include Maronne Bio Innovations, Valent, Bayer AG, Sumitomo Chemical Company Limited, E. I. Du Pont Nemours & Company, Gowan Company LLC, BASF SE, Isagro S.p.A, Koppert B.V. The Netherlands, Agralan Limited, Monsanto Company, Nufarm Limited, Russell IPM Limited, Bioworks, Inc., and Sipcam Agro USA, Inc.
Product Types Covered:
Method of Propagations Covered:
• Seed Treatment
• Soil Treatment
• Foliar Spray
• Trunk Injection
Crop & Non-crop Types Covered:
• Fruits & Vegetables
• Cereals & Grains
• Turf & Ornamental
• Oilseeds & Pulses
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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