The Europe biorational market size was valued at USD 1..21 billion in 2023 and is anticipated to reach USD 1.47 billion in 2024 from USD 6.78 billion by 2032, growing at a CAGR of 21.1% from 2024 to 2032.
Biorational products are typically derived from natural or biological origins and include biological pesticides as well as products used for crop stress management and enhanced plant physiology benefits. They are highly specific in their action, while delivering distinctive environmental benefits.
Increasing adoption of the green crop protection concept is driving the demand for biorational products since these are important for managing the increasing concern over pesticide residues on food and the problem of pest resistance. The biorational product market is expected to progress at a substantial rate due to the ever-growing demand for food safety. The implementation of the pest management system is expected to drive the market during the forecast period. However, people are still not aware of the biorational products and their usage, which might be a hindrance to the growth of the market.
Europe is emerging as a fast-growing segment. High growth in the region can be attributed to increasing agricultural land use across various countries such as Spain, Italy, France, and Turkey.
Some of the key players dominating the market are Koppert B.V., Marrone Bio Innovations, Monsanto Company, Dow Chemical Company, Gowan Company LLC, and Valent U.S.A. Corporation, Russell IPM limited, Agralan limited, Monsanto Company, Gowan Company LLC, Suttera, Syngenta, BASF SE, Isagro S.P.A, and Bayer AG.
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