Increasing demand for organic food products and a rise in concerns about food safety to propel the growth of Brazil’s biorational products market during the forecast period. According to TechSci Research report, “Brazil Biorational Products Market By Product, By Application, By Method Of Propagation, Competition, Forecast & Opportunities, 2024” the Brazil biorational products market is expected to witness robust growth during the forecast period on account of increasing concerns about potentially dangerous chemically grown crops, adoption of healthy organic foods, rapid technological advancements, and increasing agricultural activities.
Important Elements of Brazil’s Biorational Products Market
Moreover, favorable government initiatives and support towards the agriculture segment is one of the major factors driving the growth of Brazil biorational products market. In addition, the leading players in the country are focusing more on research & development activities, which is further anticipated to positively escalate the growth of Brazil’s biorational products market over the coming years. However, threats from substitute products coupled with limited product life are the factors that can act as major impediments to the market.
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The Brazilian biorational products market is segmented based on product, application, method of propagation, region, and company. In terms of the method of propagation, the market can be categorized into foliar spray, seed treatment, and soil treatment. Out of which, the foliar spray segment is anticipated to hold the largest market share during the forecast period which can be attributed to its direct application on leaves, which is the most effective way of supplying nutrients to plants, resulting in increased productivity and greater yield. Based on product, the market is segregated into botanical products, microbial pesticides, and semiochemicals. Among these, semiochemicals are forecast to witness high growth over the coming years on the account of increasing adoption of efficient pest monitoring and control techniques.
The Major competitors of Brazil’s Biorational Products Market
- Koppert Brazil
- Marrone Bio Innovations, Inc.
- Monsanto Company
- Dow Chemical Company
- Gowan Company LLC
- Valent USA Corporation
- Agralan Limited
- Russell IPM Limited
- Sumitomo Chemical Latin America
- BASF SE and others are some of the leading players operating in Brazil’s biorational products market.
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“The Brazil biorational products market is segmented based on application into cereals & grains, oilseeds & pulses, fruits & vegetables, turf & ornamental. The fruits & vegetables sub-segment dominated the market in terms of largest market share till 2018 and is anticipated to maintain its position during the next 5 years on the account of rising demand for organic food in the country,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Brazil Biorational Products Market By Product, By Application, By Method Of Propagation, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Brazil biorational products market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Brazil’s biorational products market.
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