, January 09, 2018 ) Global Bioherbicides Market was worth USD 698.7 Million in 2016 and is expected to reach USD 1,573.7 Million by 2021 with a CAGR of 14.5 %. Bioherbicides market is growing tremendously owing to rising demand for organic products.
Herbicide is a type of pesticide that is used to control weeds or undesirable plants. Bioherbicide is a biological based herbicide
to control weed. These compounds do not cause any harm to the farmers during the handling process. Furthermore, crops harvested using bioherbicides are considered safe for consumption.
Rising demand for natural products decreased chemical hazards and less demanding residue management, enhanced outcomes in yield, quality, and productivity, and support from the government are the major factors driving the growth of the market. High growth potential in developing markets and untapped regions are providing new opportunities to the market players. However, risk of chemical secretions and shortage of product to consumer in developing countries are some of the major factors restricting the market.
Bioherbicides Market is segmented based on Source, Application Mode, Mode of Action, Formulation, and Application. Based on Source, Market is further segmented into Microbials, Biochemicals & Others. Based on Application Mode, Market is further segmented into Seed, Soil, Foliar, Post-harvest and others. Based on Formulation, Market is further segmented into Granular, Liquid & Others. Based on Mode of Action, Market is segmented into MOA involving Photosynthesis, MOA Targeting Enzymes, and Others. Based on Application, Market is segmented into Agricultural and Non-Agricultural Crop Types. Based on Agricultural Crop Type, Market is further segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and others. Based on Non-Agricultural Crop Type, Market is further segmented into Turf & Ornamentals, Plantation Crops. Microbials segment is expected to grow at highest CAGR as it provides sustainable and cost effective yield.
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2 Application Mode
4 Mode of Action
Geographically, this market is further segmented in to North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Asia-Pacific Dominates the market currently and growing significantly throughout the forecast period owing to increase in demand for high quantity and quality yield.
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Major players in the market include Emery Oleochemicals, Deer Creek Holdings, Verdesian Life Sciences, LLC, Marrone Bio Innovations Inc., Certified Organics Australia Pty Ltd, EcoPesticides International, Inc., MycoLogic Inc. Innovative Biologicals, Bioherbicides Australia Pty Ltd., Hindustan Bio-tech, and Special Biochem Pvt. Ltd.
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