Global Biorational Market Anticipates Significant Growth, Estimated to Reach $6.59 Billion by 2027

The Business Research Company's Biorational Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company's Biorational Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 20, 2023 /EINPresswire.com/ -- The global biorational market is poised for considerable expansion, with an anticipated increase from $3.28 billion in 2022 to $3.82 billion in 2023, marking a Compound Annual Growth Rate (CAGR) of 16.5%. Despite the challenges posed by the Russia-Ukraine conflict, including economic sanctions, commodity price surges, and supply chain disruptions exacerbating inflation in various industries, the market is projected to further expand to a valuation of $6.59 billion by 2027, reflecting a notable CAGR of 14.6%. The increasing adoption of integrated pest management (IPM) practices is a significant driver contributing to the surge in demand for biorational products globally.

Rising Adoption of Integrated Pest Management Fosters Demand for Biorational Products

The adoption of integrated pest management has gained significant traction, driving the demand for biorational products in the market. Integrated pest management represents a sustainable approach to pest management, combining cultural, biological, and chemical measures tailored to specific conditions, often incorporating plant biotechnology where applicable. Notably, the Government of India has made significant strides in adopting IPM as a fundamental component of its Crop Production Programme, resulting in notable yield increases in various crops, including rice and cotton, thereby underscoring the growing importance of biorational products in the agriculture sector.

Discover comprehensive insights into the global biorational market landscape and growth prospects in the sample report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6742&type=smp

Key Market Players and Technological Innovations in Biorational Solutions

Leading companies in the biorational market, including IsagroSpA, BASF SE, and Marrone Bio Innovations, are driving technological advancements and innovations to bolster their position in the market. Notably, the launch of PLINAZOLIN technology by Syngenta Crop Protection in November 2021 has set a new industry standard in innovative insect control, providing growers with an effective solution to protect their crops against a diverse range of pests. This launch reflects the industry's ongoing commitment to investing in sustainable and environmentally responsible solutions that enhance crop productivity.

Segments:

•Product Type: Botanicals, Semiochemicals, Other Product Types
•Formulation: Liquid, Dry
•Crop Type: Cereals and Grains, Fruits and Vegetables, Other Crop Types
•Application: Agriculture, Aquaculture, Structural Pest Control, Other Applications
Global Market Dynamics and Regional Landscape

North America emerged as the largest market for biorational products in 2022, with Asia-Pacific showcasing significant growth potential, emerging as the fastest-growing region during the forecast period. The detailed market dynamics and evolving trends across different regions highlight the significant opportunities and technological advancements shaping the global biorational market, underlining the industry's commitment to innovation, sustainability, and continued market expansion.

For in-depth insights into the global biorational market, access the complete report here:
https://www.thebusinessresearchcompany.com/report/biorational-global-market-report

Biorational Global Market Report 2023from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries:Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

TheBiorational Global Market Report 2023 byThe Business Research Company is the most comprehensive report that provides insights on biorational market size, biorational market drivers and trends, biorational market major players, biorational market competitors' revenues, biorational market positioning, and biorational market growth across geographies.The biorational market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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