18-Jan-2022 | Zion Market Research
As per study of Zion Market Research, Biorationals industry amassed proceeds worth nearly US$ 3.5 billion in 2020 and is anticipated to accrue returns of approximately US$ 9.6 billion by 2028. Moreover, Biorationals market is prognosis to record CAGR of almost 11.9% in 2021-2028. Furthermore, growth of biorationals market over assessment period is due to rise in use of new pest management techniques in farming sector. In addition to this, large residual contents found on vegetables and cereals can adversely impact customer health, thereby steering industry growth. Escalating concerns related to food security issues is predicted to lead to implementation of sustainable strategies, thereby creating huge demand for natural pesticides leading to elevation of biorationals market size.
Semiochemicals Segment To Register Highest CAGR of about 11.5% Over 2021-2028
Significant gains made by semiochemicals segment over forecast period can be attributed to rise in acceptance of quality control methods in farming industry. Additionally, allelochemicals & insect sex pheromone traps are key items that will boost segmental expansion over coming years.
Fruits & Vegetables To Lead Crop Type Segment Over Forecast Timespan
Growth of segment over anticipated timeline is due to growing concerns over attacks on fruits by insects such as coleopterous. In addition to this, growing popularity of antifeedants and need for insect growth regulators will drive segmental growth.
North American Biorationals Market To Expand Leaps & Bounds Over Anticipated Timeline
Growth of biorationals industry in North America over projected timespan can be attributed to strict laws related to use of synthetic pesticides in countries like the U.S. In addition to this, thriving agrochemical business in region will steer regional market expansion. Industrialization of food systems in Canada and the U.S. will promulgate scope of biorationals industry in sub-continent.
Key players influencing market trends and included in report are Bayer AG, Koppert BV, Agralan Ltd., BASF SE, Russell IPM Ltd., McLaughlin Gormley King, Isagro Spa, Rentokil Initial Plc, Summit Chemical Company, Gowan Company, LLC, Inora, and Suterra, LLC.
Browse the full “Biorationals Market- By Product (Semiochemicals And Botanical) And By Crop Type (Fruits & Vegetables And Cereals & Grains): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021–2028.” Report at https://www.zionmarketresearch.com/report/biorationals-market
The global Biorationals Market is segmented as follows:
By Crop Type
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