Growing demand for biobased products as an alternative to synthetic pesticides that have harmful effects on agricultural produce is driving the growth of the biorationals market
PORTLAND, OR, USA, Sept. 16, 2022 /EINPresswire.com/ — Biorationals are effective insecticides against the target pest, but less harmful to natural enemies. These products are obtained from natural sources such as plant extracts and pathogens. Biorational products are widely used in structural pest control, agriculture, public health, forestry, turf, aquaculture, home and garden. Moreover, biorational products are usually derived from natural and organic methods. Additionally, increasing the use of environmental pest control technologies helps end users achieve sustainability in agriculture and maximizes crop quality. In addition, the Green Crop Protection Initiative in the European region has motivated rational organic producers to develop environmentally friendly solutions and products for consumers in the agricultural industry.
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This report projects trends and opportunities in the global biorationals market. This research study includes qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the current overview and predict the behavior of the market during the forecast period. Our research teams used various secondary resources and directories such as industry databases, journals, magazines, and primary resources coupled with industry-oriented metrics, which include interviews with industry-related experts to obtain key information and valuables, making it an asset to market players.
Growing demand for biobased products as an alternative to synthetic pesticides that cause harmful effects on agricultural produce is driving the growth of the global biorational products market. Additionally, the harmful synthetic pesticides sprayed on the vegetables might disrupt the endocrine system of the human body, thereby driving the demand for the global biorationals market. Furthermore, the deviant consumer trend towards natural and organic crop stress management products acts as another factor increasing the market growth. Primarily, biorational products are widely adopted in agriculture, structural pest control, forestry, public health, aquaculture, and turf applications. In addition, pest control technologies allow for maximum resistance to pests, which makes biorational pesticides favorable to farmers. This has led to substantial demand for sustainable products such as neem extracts, pheromones, repellents and essential oils. Rising concern over food safety using sustainable strategies is expected to drive the demand for natural pesticides during the forecast period.
The global biorationals market is segmented on the basis of product type, cultivation, application, and geography. By product type, the market is segmented into botanicals, semiochemicals, and others (microbial agricultural materials and plant growth regulators). By crop, the market is divided into cereals & grains, fruits & vegetables, and others (plantation and cash crops). By application, the market is segmented into forestry, agriculture, public health, aquaculture, and others (turf and structural pest control). Geographically, it is studied in North America, Europe, Asia-Pacific, and LAMEA.
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The major market players in this sector are Bayer AG, Isagro SpA, Summit Chemical Company, Gowan Company LLC, Inora, Agralan Ltd., BASF SE, Rentokil Initial Plc, Suterra LLC and McLaughlin Gormley King.
Main benefits for stakeholders:
This report provides a quantitative analysis of current trends, estimates, and dynamics through 2017-2023, which will help identify existing market opportunities.
Major countries in each region are mapped based on individual market revenue.
The Biorationals market conditions by region and country are analyzed in detail in the report. Rising demand for biorationals as an alternative to pesticides is expected to drive the market growth.
The key players of Biorationals market are listed.
This study assesses the competitive landscape and value chain to understand the competitive environment across geographies.
In-depth analysis of the Biorationals market segmentation within the market is provided which helps in determining the existing market opportunities.
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