Global Bioherbicides Market Size, Share, Segment, Growth, Industry Trends & Forecast by 2024
According to the latest report by IMARC Group titled, “Bioherbicides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 1,428.1 Million 2018. Looking forward, the global bioherbicides market is expected to reach a value of US$ 2,895.2 Million by 2024.
The increasing preferences for organic farming along with rising consumption of eco-friendly weed control products by the farmers is the major reason attributed to the robust growth of the market. In recent years, there has been a sharp decline in the demand for synthetic herbicides due to their harmful effect on the flora in the soil. Moreover, increasing health consciousness, strict government regulations against synthetic herbicides in many countries along with programs introduced to encourage organic farming are expected to boost the demand for bioherbicides in the coming years. Moreover, advancements in genetic engineering have enabled the development of latest bioherbicides which are more effective against weeds.
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Market Segmentation:
Breakup by Crop Type
- Agricultural Crops
- Non-Agricultural Crops
- Microbial
- Biochemical
- Others
- Seed Treatment
- Soil Application
- Foliar
- Post-Harvest
- MOA involving Photosynthesis
- MOA Targeting Enzymes
- Others
- Granular
- Liquid
- Others
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
The report has also examined the competitive landscape of global bioherbicides market with some of the key players including Marrone Bio Innovations Inc., Emery Oleochemicals, Deer Creek Holdings, Verdesian Life Sciences, Certified Organics Australia PTY Ltd, Ecopesticides International, Inc., Special Biochem Pvt. Ltd, MycoLogic, Hindustan Bio-Tech, Bioherbicides Australia PTY Ltd. and Engage Agro USA.
Key highlights of the report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Competitive Structure
- Profiles of Key Players
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