The global biorationals market is expected to reach USD 2.75 billion by
2024, according to a new report by Grand View Research, Inc. Shifting consumer
trend towards natural and organic crop stress management products has played a
major role in promoting industry growth over the next eight years. Currently,
biorational products are widely used in agriculture, structural pest control,
forestry, public health, aquaculture, turf, and home and garden. Ecological
pest control technologies enable maximization of quality crop yield and help
the end-users achieve agricultural sustainability.
Favorable initiatives in Europe such as “Green Crop Protection” has urged
biorational producers to invest in product innovation and develop eco-friendly
solutions for their clientele in the agriculture industry.
Botanicals, plant-derived products such as rotenone, pyrethrum,
sabadilla, and ryania accounted for over 40% of the total market revenue in
2015. Owing to its target-specific pest control characteristics it is
considered under minimum risk pesticides type by the U.S. EPA, thereby
resulting in increasing adoption among agricultural communities. However,
factors such as high mammalian toxicity, short life, rapid break down, and
non-target specific products are expected to exhibit negative impact on the
segmental growth over the next few years.
In depth research report
on Biorationals Market
Further key findings from
the report suggest:
•
Semiochemicals dominated the global biorationals industry and are
anticipated to witness high demand in Europe. Product demand in France is
expected to exceed USD 75.0 million by 2024.
•
Fruits & vegetables emerged as the leading segment in 2015 and are
expected to witness high growth in Asia Pacific. The segment is anticipated to
grow at a CAGR of over 13% in India over the forecast period.
•
Stringent regulatory framework regarding pesticide residues in wheat,
corn, and rice is anticipated to steer biorationals demand for cereals &
grains.
•
North America emerged as the leading regional market in 2015. Ongoing
investments for enhancing food security and yield rate in the U.S. have
contributed to significant demand in the region. Product demand in the U.S. was
valued over USD 300 million in 2015.
•
Europe is expected to emerge as the fastest growing regional segment, and
its market size is anticipated to exceed USD 700 million by 2024. High growth
in the region can be attributed to increasing agricultural land use across
various countries such as Spain, Italy, France, and Turkey.
•
Key industry participants in the market include Suterra, LLC, Russell IPM
Ltd., Agralan Ltd., Rentokil Initial Plc, McLaughlin Gormley King (MGK),
Koppert BV, BASF SE. Bayer AG, Inora, Isagro Spa, Gowan Company, LLC, and
Summit Chemical.
Grand View Research has segmented the biorationals market on the basis of
product, crop, and region:
Global Biorationals
Product Outlook (Revenue, USD Million, 2014 - 2024)
•
Botanicals
•
Semiochemicals
•
Others
Global Biorationals Crop
Outlook (Revenue, USD Million, 2014 - 2024)
•
Cereals & Grains
•
Fruits & Vegetables
•
Others
Global Biorationals
Regional Outlook (Revenue, USD Million, 2014 - 2024)
•
North America
o
U.S.
o
Canada
o
Mexico
•
Europe
o
Germany
o
France
o
Spain
o
Italy
•
Asia Pacific
o
China
o
India
o
Australia
•
Central & South America
•
Middle East & Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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