BioHerbicides Market is estimated to be US$ 7.02 billion by 2030 With a CAGR of 11.5%.
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Bioherbicides are a type of herbicides that is used to kill unwanted plants. They are biologically based control agents derived from microbes as the active ingredient such as insect’s bacteria, fungi, and parasitic plants etc. Bioherbicide help in suppressing the growth of undesired plants of weeds or kill the weedy plants without causing injury to other plants. Bioherbicides provides several benefits over synthetic herbicides offering a high degree of specificity of target weed, and it does not affect beneficial and non-target plants. Moreover, it is effective for managing herbicide resistance weed populations which in turn is projected to create demand for bioherbicides during the forecast period. The global bioherbicides market accounted for US$ 1.74 billion in 2020 and is estimated to be US$ 6.50 billion by 2030 and is anticipated to register a CAGR of 14.2%.
The report?"Global?Bioherbicides Market, By?Mode of Application (Seed Treatment, Soil Application, Foliar, and Post-Harvest), By Source (Microbial, Biochemical, and Others (Plant Phytotoxic Residues and Other Botanical Extracts)), By Formulation (Granular, Liquid, and Others (Pellets, Dust, and Powder Form)), By Application (Agricultural Crops, Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Non-Agricultural Crops, Turf & Ornamentals, and Plantation Crops),?and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.
Key Highlights:
Analyst View:
The rise in the number of health-conscious individuals, growth in environmental concerns, and government support provided by the respective through subsidies and premium market factors are growing demand organic products in the market. This creates an opportunity for farmers across the globe to produce crops using organic methods, which further boost the global bioherbicides market. Furthermore, the bioherbicides market for organic products is rising at a significant rate due to growing consumer interest. There has been a substantial change in the preferences and eating habits of people, worldwide. The organic food products industry is also projected to benefit from financial aids, subsidies, and R&D programs conducted by different government and non-government organizations- APEDA (Agricultural & Processed Food Products Export Development Authority) (India), FiBL (Switzerland), and the United States Department of Agriculture (USDA) (US)-to help traditional farmers shift to organic farming. Thus, growth in the organic food market is triggering the demand for bioherbicides, coupled with organic manures.
Bioherbicide finds application in the industries of leisure and crop control chemicals. For example, bioherbicide is useful to treat the golf course as well as other grass types. Alternaria Eichhorniae is utilized to control the growth of water hyacinth and Phytophthora plamivora help in controlling milkweed units in citrus orchards. Thus, advances in genetic engineering create a major opportunity for the bioherbicide market as the new generation bioherbicide will be more effective against weeds.
Key Market Insights from the report:????????
The global?BioHerbicides Market accounted for US$ 2.36 billion in 2020 and is estimated to be US$ 7.02 billion by 2030 and is anticipated to register a CAGR of 11.5%.?The market report has been segmented on the basis of?mode of application, source, formulation, application, and region.
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Competitive Landscape:
The prominent player operating in the global bioherbicides market includes?Marrone Bio Innovations, Inc., Emery Oleochemicals, Deer Creek Holdings, Ecopesticides International, Inc., Special Biochem Pvt. Ltd., Verdesian Life Sciences, Bioherbicides Australia, HerbaNatur, Inc., and Engage Agro.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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