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Bioherbicides Market Report 2020-2030
Bioherbicides Market Report 2020-2030: A Global Bioherbicides Market Estimate and Forecast – Industry Insights for Consumption, Demand, Production, Price Trend, Competitive Intelligence and Opportunity Analysis Along the Value Chain
The global bioherbicides market was valued at $2.0 billion in 2018. The growth of the market is owing to the increasing development in integrated pest management and research and development activities globally. Bioherbicides are being developed globally as green products from the nature that will further help in suppressing and controlling population of weed without necessarily harming desirable plants. Field use of bioherbicide formulation along with improvements in strain selection are being merged with weed control strategies that further aids in providing effective weed control.
The manufacturers are extensive utilising strategies in order to overcome technological and biological restraints that help the users to deliver effective and economically viable bioherbicide solutions to weed problems. Moreover, rampant control in biocontrol seed treatment solutions is expected to create ample opportunities for the growth of global bioherbicides market at rapid pace. Biological control methods are considered economically viable method of pest control and are effective, economical and reliable method. An effective biological control method comprises of an effective fermentation methodology, biocontrol strain that helps in producing superior quality propagules and delivery systems that provides competitive gains to bioprotectant.
Extensive demand for organic products is the key factor pertaining towards the growth of global the bioherbicides market owing to increasing use of fertilisers and chemicals that is stimulating people to search for healthy alternatives of living. People across the globe are realizing the importance of organic products and are further uplifting the adoption of global bioherbicides market. Technological advancements in organic farming practices for developing sustainable crop cultivation and increasing trends of consumers towards organically developed vegetables and food grains is thus bolstering the growth of the global bioherbicides market at rapid pace.
Extensive concern of people pertaining to adverse environmental impacts, food safety and pest resistance are leading to excessive inspection of use of synthetic pesticide and driving the growth of global bioherbicides market. Additionally, increasing support provided from government agencies such as U.S. Environmental Protection Agency to develop pesticides comprising of enhanced environmental safety including biological pesticides and is thus laying emphasis to endorse biological weed control.
However, low shelf-life of bioherbicides, less awareness and adoption of bioherbicides are the key factors that are hampering the growth of global bioherbicides market.
Bioherbicides market forecast 2020 – 2030 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the bioherbicides manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
On the basis of application, the global bioherbicides market is segmented into oil seeds, grains and cereals, fruits and vegetables, turf and ornamental grass, and others. Amongst these segments, fruits and vegetables segment is anticipated to contribute largest market revenue throughout the estimated period owing to increasing popularity of organic farming globally along with extensive demand for fruits and vegetables globally. Furthermore, extensive utilisation of bioherbicides for the cultivation of fruits and vegetables along with extensive demand observed from horticulture industry pertaining to development of weed control and introduction of favourable public support policies are enhancing the adoption of bioherbicides globally.
Bioherbicide market in Asia-Pacific is anticipated to contribute largest market revenue of by 2030 and is further expected to generate highest CAGR during the forecast period owing to the extensive demand for quality yield and in high quantity. Increasing population in the region coupled with countries extensive dependence upon agriculture such as China and India and increasing awareness pertaining to the environmental hazards occurring due to use of synthetic products are the key factors fuelling the growth of bioherbicides market in this region.
The report also offers the insights for the North American, European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The eminent key players in the global bioherbicides market are undertaking considerable investment decisions and launching new products in order gain competitive advantage. Moreover, entering into partnership agreements and performing mergers & acquisitions are the key development strategies being implemented by the crucial players in global bioherbicides market.
Some of the players having prominent presence in the global bioherbicides market include Emery Oleochemicals, Ecopesticides International, Inc., Fitz Chem Corporation, Marrone Bio Innovations Inc., HerbaNatur Inc., Certified Organics Australia PTY Ltd., MycoLogic Inc, Verdesian Life Sciences, Bioherbicides Australia PTY Ltd., Engage Agro USA, Deer Creek Holdings, Special Biochem Pvt. Ltd., and Hindustan Bio-Tech.
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