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.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/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.
Browse more reports of this category
by Grand View Research - http://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
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
For press
release of this report - http://www.grandviewresearch.com/press-release/global-biorationals-market
About Grand View
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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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