Product ID: UCMIG15C2026
Report ID:
UCMIG15C2026 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global biorationals market demonstrated a significant value of USD 946.2 million. Looking ahead, it is projected to experience steady growth with a compound annual growth rate (CAGR) of 9.32% from 2023 to 2030. Biorationals, which refer to naturally derived pest management products and strategies, have gained prominence due to their eco-friendly nature and reduced environmental impact compared to traditional chemical pesticides. The increasing demand for sustainable agriculture practices and the rising awareness regarding the harmful effects of synthetic pesticides have contributed to the growth of the biorationals market. As more farmers and consumers prioritize environmentally friendly solutions, the biorationals industry is poised to witness further expansion in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Fertilizers & Agricultural Chemicals by segment aggregation, the contribution of the Fertilizers & Agricultural Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG15C2026