Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Biorational Pesticides Market by Source (Botanical, Microbial, Non-organic), Type (Biorational Insecticides, Biorational Fungicides, Biorational Nematicides, Biorational Herbicides), Mode of Application, Formulation and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
Growing environmental and health concerns are accelerating the adoption of sustainable agricultural practices globally. This shift is evident in the projected expansion of the biorational pesticides market, which is set to witness an impressive CAGR of 15.2% from 2023 to 2028, according to new research data. Tapping into an ascending consumer preference for organic foods, the market size is estimated to reach USD 15.1 billion by 2028—doubling from its 2023 valuation of USD 7.5 billion.
At the core of this market growth is the increased participation of the fruits and vegetables segment, which continues to lead the demand within crop types. The organic sector's promising development, backed by consumers' appetite for chemical-free produce, underlines the essential role biorational pesticides play in organic agriculture.
In 2022, data showcased biorational fungicides as a prominently sought category, becoming the second-largest segment in the biorational pesticides market spectrum. The effective management of fungal diseases in farming underscores the significance of this segment in contemporary agricultural practices.
Reflecting remarkable persistence, the European market for biorational pesticides anticipates sustained growth within the forecast period. This steadfastness is attributed to the region's rigid regulatory stance on chemical pesticides and a burgeoning trend of organic farming that requires compliance with strict production standards.
Stakeholders in the agricultural sector looking to align their operations with current trends would find compelling insights in this extensive market analysis. The research provides a multi-faceted view of the competitive landscape, emerging segments, technological innovations, and strategic market progressions. With a robust analytical focus on market drivers, restraints, opportunities, and challenges, this report serves as an invaluable resource for those seeking to navigate the intricacies of the burgeoning biorational pesticides market.
The detailed assessment offers exclusive information on the key market players and their diverse strategies, ensuring a comprehensive understanding of the market ecosystem. New product developments, lucrative market opportunities, customer-centric innovation, and the diverse needs of the market are analyzed and discussed in this comprehensive report, catering to a wide array of stakeholders and decision-makers in the agricultural industry.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 290 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $7.5 Billion |
| Forecasted Market Value (USD) by 2028 | $15.1 Billion |
| Compound Annual Growth Rate | 15.2% |
| Regions Covered | Global |
Companies Mentioned
- Agrilife (India) Private Limited
- Andermatt Group AG
- BASF SE
- Bayer AG
- Biobest Group
- Bionema
- Biotalys Nv
- Certis Biologicals
- FMC Corporation
- Fytofend
- Gowan Company
- Innovate Agriculture
- Ipl Biologicals
- Kay Bee Bio-Organics
- Koppert
- Lallemand Inc.
- Novozymes A/S
- Pro Farm Group Inc.
- Stk Bio-AG Technologies
- Sumitomo Chemical Co. Ltd.
- Syngenta AG
- UPL
- Valent Biosciences LLC
- Vegalab SA
- Vestaron Corporation
For more information about this report visit https://www.researchandmarkets.com/r/58a172
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