The global biorational product market size reached USD 4.73 Billion in 2020 and is expected to register a revenue CAGR of 19.5%, during the forecast period, according to latest analysis by Emergen Research. Adverse impact of synthetic pesticides and rising demand for organic agricultural food products are some of the major factors driving global biorational product market revenue growth. Revenue growth of the market is also expected to be driven by rising demand for integrated pest management. Chemical pesticides have adverse effect on crops and human health. Excessive use of chemical pesticides contaminates crops, soil, and groundwater. In order to avoid risks and adverse effects and outcomes, use of biorational products is expected to continue to increase, thereby boosting global biorational product market revenue growth.
The Biorational Product market report focuses on the economic developments and consumer spending trends across different countries for the forecast period 2020 to 2028. The research further reveals which countries and regions will have a better standing in the years to come. Apart from this, the study talks about the growth rate, market share as well as the recent developments in the Biorational Product industry worldwide. Besides, the special mention of major market players adds importance to the overall market study.
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Some Key Highlights From the Report
Insecticides segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to effective control over insects and pests, but less effective control over non-targeted organisms such as animals and others.
Microbial segment is expected to register a significantly robust revenue growth rate over the forecast period. Pesticides produced from microbial sources involve living organisms or by-products of living organisms. Bacteria and fungus are the main sources of microbial insecticides. These are used as a substitute for chemical pesticides.
North America is expected to register substantially large revenue share over the forecast period due to rising demand for organic agricultural food products. Besides, robust presence of major companies such as Bioworks, Inc. and Gowan Company LLC among others in countries in the region is boosting market revenue growth.
The subject matter experts conducting the study offer a deep understanding of how prominent leaders have managed to navigate the potential buyers and competitive dynamics influencing their brand positioning in the industry The Biorational Product market analysis provides everything a business owner needs in order to succeed.
Major Players/Manufacturers profiled in the report are:
Agralan Ltd., BASF SE, Bayer Agrar Germany, Bioworks, Inc., Gowan Company LLC, Inora Biotech Pvt. Ltd., Isagro S.P.A, Koppert Biological Systems, Monsanto Company, and Nufarm Limited.
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For better understanding, the report further divides the market into key segments such as product types and application spectrum. The report also offers estimates about the segment and sub-segment expected to grow at a rapid pace and the key factors expected to drive revenue growth of the segments during the forecast timeline of 2021-2028.
Emergen Research has segmented the global biorational product on the basis of type, source, mode of application, and region:
Type Outlook (Revenue, USD Billion, Volume, Tons; 2018–2028)
Insecticides
Fungicides
Nematicides
Source Outlook (Revenue, USD Billion, Volume, Tons; 2018–2028)
Botanical
Microbial
Non-organic
Mode of Application Outlook (Revenue, USD Billion, Volume, Tons; 2018–2028)
Foliar Spray
Soil Treatment
Trunk Injection
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report offers insightful information about the market dynamics of the Biorational Product market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Biorational Product market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Biorational Product market.
Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8 year analysis of the Global Biorational Product Market
Critical assessment of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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