San Francisco, 02 January 2019, Biorationals
Market Analysis By Product (Botanical, Semiochemicals), By Crop (Cereals &
Grains, Fruits & Vegetables) And Segment Forecasts To 2024
The global biorationals market is expected to reach USD
2.75 billion by 2024, according to a new report by Grand View Research, Inc.
Shifting consumer trend towards natural and organic crop stress management
products has played a major role in promoting industry growth over the next
eight years. Currently, biorational products are widely used in agriculture,
structural pest control, forestry, public health, aquaculture, turf, and home
and garden. Ecological pest control technologies enable maximization of quality
crop yield and help the end-users achieve agricultural sustainability.
Favorable initiatives in Europe
such as “Green Crop Protection” has urged biorational producers to invest in
product innovation and develop eco-friendly solutions for their clientele in
the agriculture industry.
Botanicals, plant-derived
products such as rotenone, pyrethrum, sabadilla, and ryania accounted for over
40% of the total market revenue in 2015. Owing to its target-specific pest
control characteristics it is considered under minimum risk pesticides type by
the U.S. EPA, thereby resulting in increasing adoption among agricultural
communities. However, factors such as high mammalian toxicity, short life,
rapid break down, and non-target specific products are expected to exhibit
negative impact on the segmental growth over the next few years.
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Report On Biorationals Market Analysis:
www.grandviewresearch.com/industry-analysis/biorationals-market
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Further key findings from the report suggest:
·
Semiochemicals dominated the
global biorationals industry and are anticipated to witness high demand in
Europe. Product demand in France is expected to exceed USD 75.0 million by
2024.
·
Fruits & vegetables emerged
as the leading segment in 2015 and are expected to witness high growth in Asia
Pacific. The segment is anticipated to grow at a CAGR of over 13% in India over
the forecast period.
·
Stringent regulatory framework
regarding pesticide residues in wheat, corn, and rice is anticipated to steer
biorationals demand for cereals & grains.
·
North America emerged as the
leading regional market in 2015. Ongoing investments for enhancing food
security and yield rate in the U.S. have contributed to significant demand in
the region. Product demand in the U.S. was valued over USD 300 million in 2015.
·
Europe is expected to emerge as
the fastest growing regional segment, and its market size is anticipated to
exceed USD 700 million by 2024. High growth in the region can be attributed to
increasing agricultural land use across various countries such as Spain, Italy,
France, and Turkey.
·
Key industry participants in
the market include Suterra, LLC, Russell IPM Ltd., Agralan Ltd., Rentokil
Initial Plc, McLaughlin Gormley King (MGK), Koppert BV, BASF SE. Bayer AG,
Inora, Isagro Spa, Gowan Company, LLC, and Summit Chemical.
Grand View Research has
segmented the biorationals market on the basis of product, crop, and region:
Global Biorationals Product
Outlook (Revenue, USD Million, 2014 - 2024)
·
Botanicals
·
Semiochemicals
·
Others
Global Biorationals Crop
Outlook (Revenue, USD Million, 2014 - 2024)
·
Cereals & Grains
·
Fruits & Vegetables
·
Others
Global Biorationals Regional
Outlook (Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
France
o
Spain
o
Italy
·
Asia Pacific
o
China
o
India
o
Australia
·
Central & South America
·
Middle East & Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/