Report Ocean has just released an all-encompassing market research report delving deep into the Biorationals Market industry. This report furnishes readers with invaluable insights into both present and future industry trends, equipping them with the means to discern the factors driving revenue growth and profitability. It meticulously scrutinizes the critical factors that impact both the global and regional markets, encompassing drivers, limitations, risks, challenges, opportunities, and trends specific to the industry. Additionally, the report underscores global certainties, undertakes comprehensive analysis of key players from upstream to downstream, and presents market forecasts, SWOT & PESTEL analysis, market scenarios, and feasibility studies.
Biorationals Market is valued at approximately USD 865.53 million in 2021 and is anticipated to grow with a healthy growth rate of more than 9.32% over the forecast period 2022-2029. Biorationals is a type of an insecticide that is generally used as a competent agent against the target pest, but less harmful to natural enemies. These products are derived from natural sources including pathogens and plant extracts, which are used in applications such as agriculture, structural pest control, turf, aquaculture, forestry, public health, and home and garden. Growing usage of biorationals therapy in the crop production industry, rising awareness regarding the hazardous impact of synthetic pesticides, and increasing government policies and initiatives are the primary factors for the market demand across the globe.
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Growing inclination towards the adoption of bio-based pesticides is a key factor that is stipulating the market demand in the global market. According to Statista, in 2021, the global market for bio-pesticides was estimated to be worth around USD 1.8 billion. Also, the market is projected to rise and reached USD 2.3 billion by the year 2027. Thus, the rising adoption of biorationals as a bio-based pesticide is augmenting the market growth during the anticipated period. Moreover, rising investment in research and development, as well as the increase in usage of environmental pest control technologies are presenting various lucrative opportunities over the forecasting years. However, the high prices of biorationals and the limited product availability are challenging the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Biorationals Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the growing agricultural activities, along with the rising high crop demand from major countries, such as India and China. Whereas, Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as the growing demand for bio-based agricultural products, as well as rising ongoing agricultural and fruit & vegetable plantation development projects in market space.
Major market players included in this report are:
Koppert B.V.
Bayer AG
Isagro S.P.A
Gowan Company LLC
Summit Chemicals Company
Suterra
Russell IPM
Agralan Ltd
BASF SE
Syngenta AG
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Recent Developments in the Market:
In October 2022, Valent BioSciences LLC- a global biorational products leader declared that they start selling biostimulant products to serve the entire U.S. market. The objective of this strategy is the evolution of the go-to-market strategy for Valent BioSciences.
Global Biorationals Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Crop, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Botanicals
Semiochemicals
Others
By Crop:
Fruits & Vegetables
Grains
Cereals
Corn
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Table of Contents:
- Executive Summary
- Introduction
- Methodology
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
- Conclusion
Compelling Reasons to Invest:
Market Segmentation and Value Insights:
- The report offers a comprehensive market segmentation, providing market value data for each segment and sub-segment examined. This deepens your understanding of market dynamics and opportunities within specific market segments.
Focus on Rapid Growth and Dominant Regions:
- This study pinpoints regions and market segments poised for swift growth and those holding a substantial market share. This strategic insight aids businesses in targeting high-growth areas for investment.
Geographical Market Analysis:
- Emphasizing product or service consumption across different geographic areas, the report identifies region-specific variables that influence the market. It offers valuable insights into regional market dynamics.
Competitive Landscape:
- The report includes market rankings of major players, highlighting recent partnerships, product/service launches, business expansions, and acquisitions by profiled companies. This data facilitates a comprehensive understanding of the competitive landscape and industry trends.
Comprehensive Company Profiles:
- Detailed profiles are provided for top market players, encompassing business overviews, company insights, product benchmarking, and SWOT analysis. This aids in gaining a holistic perspective on key market players.
Market Outlook and Growth Prospects:
- The report presents the current market outlook and future growth prospects, considering recent changes and developments. It identifies growth opportunities, drivers, obstacles, and restrictions in both developing and emerging regions.
Market Analysis Using Porter’s Five Forces and Value Chain:
- The market report offers a multifaceted market analysis, utilizing Porter’s five forces to assess industry competitiveness and providing insights into the market using the Value Chain approach.
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