Biorational Fungicides Sector: Growth Drivers and Challenges
Growth Drivers
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Increasing Environmental Awareness: According to a report by the Food and Agriculture Organization (FAO), agriculture accounts for 70% of global freshwater withdrawals. As environmental concerns rise, there is growing pressure on the agricultural sector to adopt sustainable practices.
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Growing Technological Advancements: The market is boosted by ongoing advancements in biorational fungicides, including improved formulations, delivery systems, and compatibility with integrated pest management (IPM) practices.
- Enhanced Product Efficacy: Research published in the Journal of Economic Entomology found that certain biorational fungicides can provide comparable or even superior efficacy compared to chemical counterparts in disease control.
Challenges
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Limited Spectrum of Activity: One of the primary challenges confronting biorational fungicides is their relatively narrow spectrum of activity compared to synthetic chemical counterparts. Many bio fungicides are effective against specific pathogens or under certain conditions, making them less versatile in disease control.
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Variable Efficacy of biorational fungicides
- Longer Application Periods of Biorational fungicides
Biorational Fungicides: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
14.8% |
|
Base Year Market Size (2024) |
USD 8.62 billion |
|
Forecast Year Market Size (2037) |
USD 51.85 billion |
|
Regional Scope |
|
