Foliar Spray Segment to Hold Largest Market Share in Brazil Biorational Products Market
Increasing demand for
organic food products and rise in concerns about food safety to propel the
growth of Brazil 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. 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 towards the research & development activities, which
is further anticipated to positively escalate the growth of Brazil 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 Brazil
biorational products market is segmented based on product, application, method of
propagation, region and company. In terms of 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 segregate into botanical products, microbial
pesticides, semiochemicals. Among these, semiochemicals is forecast to witness
high growth over the coming years on the account of increasing adoption of
efficient pest monitoring and control techniques.
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 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 biorational products market.
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