21st February 2020 – The Biorationals
Market report provides in-depth analysis and insights into developments
impacting businesses and enterprises on global and regional level. The study
covers the global Biorationals Market presentation regarding revenue
contribution from multiple segments and covers a comprehensive analysis of key
market trends, drivers, restraints, and opportunities influencing revenue
growth of the industry. This research report studies the market size, industry
status and forecast, competition landscape and growth opportunities.
Global biorationals market size is
anticipated to reach USD 2.75 billion by 2024. The Biorationals, also known as
“Biopesticides” or “Organic Pesticides”, are plant-related products and natural
pesticides. They are insecticides mainly catering to agriculture, forestry,
public health, aquaculture, turf, and garden and home for pest control.
The factors that propel the growth of
the biorational market include high demand for bio-based products as a
substitute to synthetic pesticides, growing adoption of innovative pest
management, increasing concern toward food safety with the help of supportable
strategies, developing farming technology & practices, and advancement by
government administrations.
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On the other hand, there are factors
that may hamper the growth of the market including restricted product
obtainability and low shelf life of biorationals. Biorational industry is
anticipated to expand at a significant CAGR in the upcoming period as the
scope, product types, and its applications are increasing across the globe.
Biorationals market could be explored by
product type, crop, application, and geography. The market could be explored by
product type as Semi chemicals, Botanicals, and Others. The “Semi chemicals”
segment led the biorationals industry in 2017 and is anticipated to maintain
its dominance by 2024.
Based on crop, the biorational market
could span Fruits & Vegetables, Cereals & Grains, and Others (Cash
Crops and Plantation). The “Fruits & Vegetables” segment led the market of
biorationals in 2017 and is anticipated to maintain its dominance by 2024. The
key applications that could be explored in the biorationals industry include
Agriculture, Forestry, Aquaculture, Public Health and Others (Structural Pest
Control and Turf).
Europe accounted for the major market
share of the biorationals in 2017 and will continue to lead in the forecast
period. The factors that could be attributed to the growth include increasing
food safety concerns among the consumers, increasing the market for processed
food. Europe is followed by APEJ owing to increasing occurrences of pesticides
pollution in the soil, air, and water bodies. In addition, the Asia-Pacific
region is expected to be the highest developing region in the market owing to
the growing demand and export of organic vegetable and fruits and predictable
to grow in the upcoming years of 2014-2024.
Some of the major objectives of this
report:
·
To present detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of global Biorationals Market.
·
To provide insights about
factors affecting the market growth. To analyze the Biorationals Market based
on various factors- price analysis, supply chain analysis, porter five force
analysis etc.
·
To provide historical and
forecast revenue of the Biorationals Market segments and sub-segments with
respect to four main geographies and their countries- North America, Europe,
Asia, and Rest of the World.
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
Trace and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product evolutions, and research and developments in the
Market.
·
To present strategic profiling
of key players in the market, comprehensively analyzing their basic
capabilities.
Some
of the Major Market Players Are:
Argillan Ltd., Suterra, LLC, Russell
IPM Ltd., McLaughlin Gormley King, Rentokil Initial Plc, BASF SE. Bayer AG,
Koppert BV, Isagro Spa, Inora, Summit Chemical and Gowan Company, LLC.
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