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Biorationals Market Size 2023, Share, Growth, Industry Trends and Forecast Till 2028

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Biorationals Market Size 2023, Share, Growth, Industry Trends and Forecast Till 2028

 

IMARC Group has recently released a new research study “Biorationals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

What are the growth prospects of the biorationals industry?

The global biorationals market size reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 7.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.

What is a Biorationals?

Biorationals refer to low environmental impact products or substances, such as minerals, synthetics, biostimulants, soil conditioners, microbials, and botanicals. They are acquired from biological origins or natural sources, such as pathogens and plant extracts. They are widely used in turf, agriculture, public and forest health, structural pest control, and home and garden applications to manage crop stress and root growth and enhance plant physiology. They are also used as control agents in antimicrobials and pesticides to improve productivity and quality of agricultural production and disease vector management systems. As a result, biorationals are gaining traction among forestry, agriculture, and aquaculture industries across the globe.

Request and get a sample brochure for free: https://www.imarcgroup.com/biorationals-market/requestsample

What are the major market drivers in the biorationals market?

The market is primarily driven by the growing food shortage due to the rising global population and altering climatic conditions. In addition, the increasing application of biorationals to preserve useful pests and bacteria on leaves, minimize crop loss, and improve the yield of agricultural products, is contributing to market growth.

Moreover, the growing awareness among individuals regarding the adverse effects of chemical pesticides on the environment represents another major growth-inducing factor. Besides this, the implementation of government initiatives to protect green crops is encouraging manufacturers to produce eco-friendly products and solutions for consumers, which is providing a positive thrust to market growth. Furthermore, the growing inclination toward sustainable farming practices, stringent regulations for lowering maximum residue limit (MRLs), and research and development (R&D) activities conducted by key players are creating a favorable market outlook across the globe.

who are the key players/companies in the biorationals market?

BASF SE, Bayer AG, Gowan Company LLC, Institute of Natural Organic Agriculture (INORA), Isagro S.p.A., Koppert B.V., Marrone Bio Innovations Inc., Rentokil Initial plc, Russell IPM Ltd., Sumitomo Chemical Co. Ltd., Summit Chemical Company and The Wonderful Company LLC

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Source:

·        Botanicals

·        Semiochemicals

·        Others

Breakup by Type:

·        Pesticides

·        Insecticides

·        Fungicides

·        Nematicides

·        Herbicides

·        Plant Growth Regulators

·        Others

Breakup by Crop Type:

·        Cereals and Grains

·        Fruits and Vegetables

·        Others

Breakup by Formulation:

·        Liquid

·        Dry

Breakup by Application:

·        Foliar Spray

·        Soil Treatment

·        Trunk Injection

·        Others 

Breakup by End User:

·        Forestry

·        Agriculture

·        Public Health

·        Aquaculture

·        Others

Regional Insights:

• Asia Pacific

• North America

• Europe

• Middle East and Africa

• Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.

30 N Gould St Ste R

Sheridan, WY 82801 USA – Wyoming

Email: [email protected]

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 |

Africa and Europe :- +44-702-409-7331 |

Asia: +91-120-433-0800, +91-120-433-0800

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