Bioherbicides are non-chemical herbicides that contain a microorganism as the active ingredient to prevent or suppress the growth of a weed species. The global bioherbicides market report has been segmented on the application, application mode, and region.
The global bioherbicides market revenue is expected to register a lucrative CAGR over the forecast period. Bioherbicides provides various environmental benefits and are safe for human consumption when compared to synthetic herbicides which is thus expected to create demand for global bioherbicides market over the forecast period. Increasing demand for organic products is other factor expected to drive the growth of the market over the forecast period. However, availability of synthetic herbicides and low price of synthetic herbicides as compared to bioherbicides is expected to hamper the growth of the market over the forecast period.
Based on application, the global bioherbicides market is segmented based on grains & cereals, oil seeds, fruits & vegetables, and turf & ornamental grass. Fruits & vegetables segment is expected to contribute major revenue share. This is attributed to the growing awareness for organic fruits and vegetables along with wide applications of bioherbicides for cultivation of fruits & vegetables. Furthermore, turf & ornamental grass segment is expected to witness rapid growth rate over the forecast period.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes major market share in terms of revenue in global bioherbicides market. Asia Pacific region is expected to witness rapid growth rate over the forecast period. Increasing demand for bioherbicides in the countries such as China, Australia, and India is expected to drive the growth of the market in the region.
Some prominent players in the global bioherbicides market are Marrone Bio Innovations Inc., Emery Oleochemicals, Deer Creek Holdings, Verdesian Life Sciences, Ecopesticides International, Inc., Special Biochem Pvt. Ltd., Bioherbicides Australia, Marrone Bio Inventions, Inc., HerbaNatur Inc., and Engage Agro.