The latest research report by Emergen Research, named ‘Global Biorational Product Market - Forecast to 2028’, entails a comprehensive review of the global Biorational Product market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Biorational Product industry, particularly the current COVID-19 scenario.
The biorational product market size reached USD 4.73 Billion in 2020 and is expected to register a revenue CAGR of 19.5%, during the forecast period, according to latest analysis by Emergen Research. Adverse impact of synthetic pesticides and rising demand for organic agricultural food products are some of the major factors driving global biorational product market revenue growth.
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Regional Overview:
The global Biorational Product market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Biorational Product market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Based on the competitive landscape, the market report analyzes the key companies operating in the industry: Agralan Ltd., BASF SE, Bayer Agrar Germany, Bioworks, Inc., Gowan Company LLC, Inora Biotech Pvt. Ltd., Isagro S.P.A, Koppert Biological Systems, Monsanto Company, and Nufarm Limited.
Competitive Outlook:
The global Biorational Product market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Biorational Product market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
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Some Key Highlights from the Report
- Insecticides segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to effective control over insects and pests, but less effective control over non-targeted organisms such as animals and others.
- Microbial segment is expected to register a significantly robust revenue growth rate over the forecast period. Pesticides produced from microbial sources involve living organisms or by-products of living organisms. Bacteria and fungus are the main sources of microbial insecticides. These are used as a substitute for chemical pesticides.
- North America is expected to register substantially large revenue share over the forecast period due to rising demand for organic agricultural food products. Besides, robust presence of major companies such as Bioworks, Inc. and Gowan Company LLC among others in countries in the region is boosting market revenue growth.
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Emergen Research has segmented the global biorational product on the basis of type, source, mode of application, and region:
Type Outlook (Revenue, USD Billion, Volume, Tons; 2018–2028)
- Insecticides
- Fungicides
- Nematicides
Source Outlook (Revenue, USD Billion, Volume, Tons; 2018–2028)
- Botanical
- Microbial
- Non-organic
Mode of Application Outlook (Revenue, USD Billion, Volume, Tons; 2018–2028)
- Foliar Spray
- Soil Treatment
- Trunk Injection
Detailed Regional Analysis covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report addresses the following key points:
- The report estimates the expected market size from 2021-2028
- The report provides a forecast of market drivers, restraints, and future opportunities for the Biorational Product market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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