Biorational Pesticide Industry Growth Analysis by Size, Share, Demand & Revenue to 2034
Over the next decade, a staggering 16.1% CAGR in the adoption of biorational pesticides is projected to drive this expansion. The biorational pesticide industry is poised for significant growth, with its size expected to increase from US$ 8.9 billion in 2024 to a substantial US$ 39.7 billion by 2034. One of the main reasons propelling the market growth is growing consumer awareness of the products’ positive effects on the environment and human health. In addition to lowering the possibility of chemical residues in food and promoting biodiversity conservation, biological pesticides are a more environmentally responsible option than conventional chemical pesticides. Farmers are also using biorational solutions in response to stricter restrictions and growing customer demand for food produced responsibly. Over the next ten years, there is likely to be an impressive expansion in the biorational pesticide market a...