The global biorational market size is expected to reach USD 29.93 billion by 2032, according to a new study by Polaris market research. The report “Biorational Market Share, Size, Trends, Industry Analysis Report, By Product (Botanical, Semiochemicals, Others); By Crop; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing application of biorationals therapy in the field of crop production to boost resistance to insects and pests is a significant factor influencing global revenue growth. This is a result of their tremendous effectiveness. Biorationals are biological pesticides and other products connected to plants that are environmentally benign. They are non-toxic to humans and have few adverse effects on the environment. These goods are reasonably priced, secure, and beneficial.
The market for biorational products is expected to rise in response to the growing use of integrated pest management. An environmentally friendly method of controlling pests is called integrated pest management. Integrated pest management entails utilizing the most effective mix of cultural, biological, and chemical controls for a given situation, incorporating plant biotechnology as necessary. Intense growth in the usage of biorational solutions for the control of insect pests has boosted their appeal.
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Additionally, it is anticipated that organic farming methods will spread rapidly around the world in the next years. For instance, according to the National Center for Organic and Natural Farming's 2021 report, there are 187 countries that practice organic farming, and at least 3.1 million farmers are responsible for managing 72.3 million hectares of this land. Areas for raising livestock and beekeeping make up the majority of them. Aquaculture, forests, and grazing regions are other non-agricultural areas. 35 million hectares total is included here. And the total area of all the organic lands was 107.4 million hectares.
Biorational Market Report Highlights
Product market research has segmented the biorational market report based on product, crop, and region:
Biorational, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Biorational, Crop Outlook (Revenue - USD Billion, 2019 - 2032)
Biorational, Regional Outlook (Revenue - USD Billion, 2019 - 2032)