Global Biorational Market Research Report


Posted December 13, 2023 by saalar

The global biorational market is on track for significant growth, with Market Data Forecast estimating its value to reach USD 10.9 billion by 2026, driven by a Compound Annual Growth Rate (CAGR) of 12.71% during the forecast period.

 
The Biorational Market Poised for Growth with an Expected CAGR of 12.71% by 2026

The global biorational market is on track for significant growth, with Market Data Forecast estimating its value to reach USD 10.9 billion by 2026, driven by a Compound Annual Growth Rate (CAGR) of 12.71% during the forecast period.

"Biorational" refers to agricultural products or practices that are environmentally friendly, sustainable, and in harmony with natural processes. These solutions are often derived from naturally occurring substances or mimic biological processes to manage pests, enhance crop growth, or improve overall agricultural sustainability. Biorational approaches aim to minimize environmental impact, promote ecological balance, and align with principles of sustainable agriculture. It includes biopesticides, which use living organisms, and other eco-friendly inputs that contribute to a more balanced and environmentally conscious farming system.

Key factors expected to fuel the growth of the biorational market include the increasing demand for sustainable agriculture practices, the emphasis on reducing chemical inputs in farming, and the growing awareness of environmental conservation. As the agriculture industry seeks eco-friendly alternatives for pest and disease management, biorationals offer effective solutions with lower environmental impact.

The global biorational market is set for significant growth, driven by the ongoing shift towards sustainable agriculture practices and the increasing demand for environmentally friendly pest management solutions.

Biorationals, including biopesticides and biofungicides, play a crucial role in sustainable agriculture by providing effective pest and disease control while minimizing the environmental impact.

Consumer awareness and preferences for residue-free and organic produce are on the rise. Biorational products, being less harmful to the environment and leaving fewer residues, align with consumer demands for healthier and more sustainable food options.

Biorational products may face challenges related to effectiveness and consistency compared to some conventional chemical pesticides. Ensuring reliable performance across various conditions and pests is essential for gaining trust and widespread adoption.

The biorational market competes with traditional chemical solutions, and there may be a need for increased education and awareness among farmers regarding the benefits and proper usage of biorational products. Overcoming skepticism and ensuring a clear understanding of these products can be a challenge.

Key Players in the Biorational Market:

● BASF SE
● Bayer AG
● Syngenta AG
● DowDuPont Inc.
● Isagro S.p.A.
● Marrone Bio Innovations, Inc.
● Koppert Biological Systems
● Certis USA LLC
● Valent Biosciences LLC
● Camson Bio Technologies Limited
● Andermatt Biocontrol AG
● Novozymes A/S
● Gowan Company, LLC
● Bioworks Inc.
● BioConsortia, Inc.
● Sumitomo Chemical Co., Ltd.
● Mitsui & Co., Ltd.
● Bionema Limited
● Sipcam-Oxon S.p.A.

Recent Developments:
● In April 2022, BASF expanded its portfolio of biological solutions, including bio fungicides and bioinsecticides, to offer more sustainable options to farmers.
● In Aug 2023, Bayer continued to invest in research and development of biorational solutions, emphasizing the use of biological controls to manage pests and diseases.
● In Jan 2022, Syngenta focused on the development and commercialization of biopesticides as part of its commitment to sustainable agriculture.

Key Market Segments Covered in Biorational Market Research:

By Product Type
● Botanical Products,
● Microbial Pesticides,
● Semiochemicals
● Other Products
By Crop Type
● Grain And Oil Seeds,
● Fruits And Vegetables
● Others
By Method of propagation
● Foliar Spray,
● Seed Treatment,
● Soil Treatment
● Others
By Region
● North America
● Europe
● Asia-Pacific
● Latin America
● Middle East and Africa
North America is dominating the Biorational market. The United States and Canada, with their advanced agricultural sectors, have been early adopters of biorational products. The increasing emphasis on sustainable farming practices, organic agriculture, and integrated pest management has driven the demand for biorational solutions in this region. Stringent regulations on chemical pesticide use further contribute to the prevalence of biorational products.
Europe holds a prominent position in the Biorational market, driven by the European Union's proactive stance toward sustainable and eco-friendly agricultural practices. The EU's commitment to minimizing the environmental impact of agriculture aligns with the adoption of biorational products. Policymaking within EU countries supports and encourages the use of biorational solutions, establishing Europe as a pivotal region for the market's expansion. This emphasis on sustainable agriculture positions Europe as a key contributor to the growth of biorational products in the agricultural sector.
The Asia-Pacific region, particularly India and China, experiences substantial growth due to the growing awareness of sustainable agriculture and the need for effective biorational solutions. Farmers in the region are progressively transitioning to sustainable and eco-friendly agricultural practices, thereby enhancing the prevalence and importance of biorational products in this dynamic market.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By market data forecast
Phone +1-888-702-9626
Business Address 5th Floor, Trendz Pride, Patrika Nagar Rd Number 1, HUDA Techno Enclave, HITEC City, Hyderabad, Telangana 500081, India
Country India
Categories Agriculture , Business , Marketing
Tags biorational market , biorational market report , biorational market analysis report
Last Updated December 13, 2023