North America Bioherbicides Market was worth USD 139.74 Million in 2016 and is expected to reach USD 272.62 Million by 2021 with a CAGR of 14.3 %.
Bioherbicide is a kind of herbicide, which is derived from organisms, and made up of specific insects and microorganisms. Bioherbicide help in controlling the growth of undesired plants during harvest yield. As a next generation herbicides, bioherbicides are gaining prominence, around the world.
Decreased chemical hazards, rising demand for natural products, and less demanding residue management, enhanced outcomes in yield, quality, and productivity, and support from the government are major factors strengthening 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 limiting the market.
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North America 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. Geographically, Market is further segmented into US and Canada.
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Scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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Some of the key players in the market are Emery Oleochemicals, Deer Creek Holdings, Verdesian Life Sciences, LLC, EcoPesticides International, Inc., MycoLogic Inc. Innovative Biologicals, Certified Organics Australia Pty Ltd, Marrone Bio Innovations Inc., Bioherbicides Australia Pty Ltd., Hindustan Bio-tech, and Special Biochem Pvt. Ltd.
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