Bioherbicides - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Bioherbicides market is accounted for $1,201.17 million in 2019 and is expected to reach $4,075.81 million by 2027 growing at a CAGR of 16.5% during the forecast period. The harmful effects of chemical-based synthetic fertilizers on the environment, increasing demand for organic products, and support from the government are the major factors driving the market growth. However, low consumer adoption and low shelf life of bioherbicides are restraining the market growth.
Bioherbicides are known as organic or biological agents for controlling weeds. Bioherbicides are compounds derived from microbes like bacteria, protozoa, and fungi. Bioherbicides provide various advantages over synthetic herbicides which include a high degree of specificity of target weed, and it does not affect non-target and beneficial plants. These bioherbicides consist of phytotoxins, pathogens, and other microbes used for biological weed control. These types of compounds are safe for consumption, less harmful, and do not possess any negative impact on farmers during the handling process.
Based on source, the biochemical segment is going to have high growth during the forecast period as biochemicals contain naturally occurring substances that control the growth of weeds by the non-toxic mechanism and these biochemical products include organic acids, fats, and oils that improve the management of weeds in organic agriculture and provide new modes of action. By geography, Asia Pacific is going to have lucrative growth during the forecast period due to the increasing interest of the population in developed countries for organically grown food products, high agricultural practices, and the requirement of high-quality agricultural produce.
Some of the key players profiled in the Bioherbicides Market include Deer Creek Holdings, WeedOUT Ltd., Verdesian Life Sciences, Special Biochem Pvt. Ltd, Peaceful Valley Farm Supply, Inc., Marrone Bio Innovations, Inc, Hindustan Bio-Tech Chemicals & Fertilizers , Jiangsu Dongbao Agrochemical Co., Ltd., Bayer CropScience AG, Marrone Bio Innovations, Emery Oleochemicals, Monsanto Company, Koppert Biological Systems, IsAgro SpA, Valent BioSciences LLC and Agrauxine SA .
Crop Types Covered:
• Arable Crops
• Permanent Crops
• Wettable Powder Form
Mode of Actions Covered:
• Mechanism Of Action (MOA) Involving Photosynthesis
• Mechanism Of Action (MOA) Targeting Enzymes
Mode of Applications Covered:
• Seed treatment
• Soil Application
• Plant Phytotoxic Residues
• Plantation Crops Botanical Extracts
• Plant Extract
• Agricultural Crops
• Non-Agricultural Crops
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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