BioherbicidesMarket Size And Forecast
BioherbicidesMarket was valued at USD 1352.10 Million in 2020 and is projected toreach USD 3929.88 Million by 2028, growing at a CAGR of 14.27% from 2021to 2028.
The growing environmental damage caused by the application ofsynthetic herbicides, the rising demand for organic horticulture produce amongthe population, and increasing use of bioherbicides in the industries leisure& crop control chemicals are expected to drive the market over theforecasted period. The Global Bioherbicides Market report provides aholistic evaluation of the market. The report offers a comprehensive analysisof key segments, trends, drivers, restraints, competitive landscape, andfactors that are playing a substantial role in the market.
Weedsin agriculture and forestry cause a great yield loss and labor expense.Bioherbicides refers to the natural products and biological agents such asfungi and bacteria to attack and control weeds in agriculture. Bioherbicidesoffer an environmentally-friendly approach to manage weeds. Moreover,bioherbicides provide a high level of specificity as compared to the syntheticherbicides against target weed without damaging the crop itself. They arecompounds derived from microbes like fungi, protozoa, and bacteria. Thesecompounds are safe for consumption and less harmful. They are used inapplications such as Agricultural Crops, Plantation Crops, Forestry, and Turf& Ornamentals. Various modes of applications of bioherbicides are Seed Treatment,Foliar, Soil Application, and Post-Harvest.
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GlobalBioherbicides Market Overview
Thegrowing environmental damage caused by the application of synthetic herbicidesand the rising demand for organic horticulture produce among the population areexpected to drive the market over the forecasted period. Also, the usage ofbioherbicides does not harm other organisms necessary for the crops. Factorssuch as cost-effectiveness and eco-friendliness nature of bioherbicides arepredicted to fuel the market in the coming years. Additionally, increasing theuse of bioherbicides in the industries’ leisure & crop control chemicalsand strict regulations & awareness programs by the governments to encourageorganic farming are anticipated to fuel the market during the predicted years.
Thereare certain restraints and challenges faced which can hinder the market growth.Efficacy of a bioherbicide is highly dependent on its application andenvironmental factors such as humidity & moisture are limiting factors ofbioherbicides. This may act as market restraints.
GlobalBioherbicides Market: Segmentation Analysis
GlobalBioherbicides Market is segmented based on Crop Type, Mode of Application, AndGeography.
BioherbicidesMarket by Crop Type
• Plantation Crops
• Turf and Ornamentals
Basedon the Crop Type, the market is bifurcated into Agricultural Crops, PlantationCrops, Forestry, and Turf & Ornamentals. Turf & Ornamental’s isexpected to hold the largest market share.
BioherbicidesMarket by Mode of Application
• Soil Application
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Basedon the Mode of Application, the market is bifurcated into Seed Treatment,Foliar, Soil Application, and Post-Harvest. Foliar application is anticipatedto have the highest CAGR in the forecasted period. The ability to overcome theattacks and precise application of bioherbicides with lower application rateswill fuel the market in the coming years.
BioherbicidesMarket by Geography
Basedon regional analysis, the Global Bioherbicides Market is classified into
• Asia Pacific
• Rest of the world
Thelargest share in the market will be dominated by the Asia Pacific owing tofactors such as the requirement of high-quality agricultural produce andincreasing agricultural practices in this region.
The“Global Bioherbicides Market” study report will provide valuable insight withan emphasis on global market including some of the major players such as– BioHerbicidesAustralia, Verdesian Life Sciences, Deer Creek Holdings, Marrone BioInnovations Inc., Ecopesticides International, Inc., Special Biochem Pvt. Ltd,Emery Oleochemicals.
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