The bioherbicides market is growing at a rapid pace mainly due to its extensive demand in the burgeoning agriculture sector. The ever-increasing population worldwide is constantly promoting the growing demand for food. Moreover, the rapidly proliferating organic food market is escalating the bioherbicides market on the global platform.
Acknowledging the colossal growth, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the already booming Bioherbicides market is projected to demonstrate a spectacular growth by 2030, registering a striking CAGR during the anticipated period (2020 – 2030).
The burgeoning Agriculture industry is increasing the demand for the Bioherbicides. The food demand is expected to increase fiercely over the upcoming years, promoting the demand for efficient crop production with better crop quality, which will, in turn, drive the growth of the Bioherbicides market.
Additional factors propelling the growth of the market include the increasing adoption of sustainable farming methods across the globe, adverse effects of chemical pesticides, and the stringent government regulations on the use of chemical pesticides for environmental protection.
On the other hand, factors such as the limited shelf life of bioherbicides are impeding the growth of the market. Nevertheless, the increasing inclination of people towards the fitness that is increasing the demand for nutritious food would thereby support the growth of the bioherbicides market over the assessment period.
Global Bioherbicides Market - Segmentation
For enhanced understanding, the report has been segmented into five key dynamics.
By Source : Microbial and Biochemicals among others.
By Application : Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Turfs & Ornaments, and Plantation Crops among others.
By Formulation : Granular, Liquid, and Pellets among others.
By Mode of Application : Seed Treatment, Soil Application, Foliar, and Post-Harvest among others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Key players leading the global Bioherbicides market include Deer Creek Holdings (US), Emery Oleochemicals (Malaysia), Verdesian Life Sciences (US), ACO Certification Ltd (Australia), Marrone Bio Innovations (US), BHA (Australia), EcoPesticides (US), Special Biochem (India), and Hindustan Bio-Tech Chemicals & Fertilizers Ltd. (India) among others.
Global Bioherbicides Market - Regional Analysis
The Asia Pacific region heading with the ever-increasing population that accounts for more than 41% of the worldwide population and the presence of developed as well as developing countries, dominates the global Bioherbicides industry. China and India which are highly populated, largely dependent on agriculture and currently are in the developing phase, are becoming the most lucrative markets for Bioherbicides, globally.
Moreover, major agricultural economies such as India, Malaysia, Thailand, and Singapore are majorly contributing to the growth of the regional market. Also, factors such as the rapidly changing lifestyle and the continually increasing per capita income along with the increasing health awareness amongst the consumers are expected to drive the growth of the regional market.
The North American Bioherbicides market accounts for another lucrative, globally due to the countries such as the US and Canada which are having more control over their domestic market for agriculture, healthcare, manufacturing, and others.
The US and Canada are not only well-developed in the segments mentioned above but are also using the Bioherbicides from a very long time. Also, factors such as the extensive production of key crops such as barley, corn, cotton, oats, peanuts, rice sorghum, soybeans, and wheat in this region and the popularity of organic produce, propel the growth of the regional market.
While Latin America accounts for a major exporter for food and agricultural commodities. The increase in agricultural productivity is essential to meet domestic food needs or to maintain or enhance export competitiveness, which, in turn, will foster the growth of the Bioherbicides market over the assessment period.
The European region, on the other hand, is rapidly emerging as a productive market for Bioherbicides, globally. Countries like the UK and Germany which have well- established healthcare and agriculture industries, and also consume the bioherbicides in very large quantity.
Global Bioherbicides Market - Competitive Analysis
The global bioherbicides market appears to be highly competitive characterized by the presence of several well-established players. These players are focusing on optimized situational awareness for customers and thus to ensure their mission success. Matured players are increasingly seeking market expansion through various strategic initiatives such as mergers and acquisitions, innovation, and are increasingly investing in research and development to develop cost-competitive product portfolio.
Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. These players possess state-of-art R&D labs and strong sales and distribution network which can help them to gain a leadership position in the market. An ever-increasing emphasis has been observed among the industry marketers on inbound lead generation over branding-oriented efforts.
January 16, 2019 – --- The University of Queensland (Australia) announced receiving federal regulatory approval for ‘the Di Bak Parkinsonia fungal bioherbicide,’ a natural bioherbicide it has developed. This natural weed control is expected to help manage one of Australia’s most invasive introduced weeds, becoming the first woody weed bioherbicide to be granted federal regulatory approval.
BioHerbicides Australia (BHA) was formed by UQ’s UniQuest commercialization company in 2010 when it sought Australian Pesticides and Veterinary Medicines Authority (APVMA) approval to market the bioherbicide.
August 13, 2018 ---- Marrone Bio Innovations, Inc. (the US), a leading provider of bio-based pest management and plant health products for the agriculture, turf and ornamental and water treatment markets announced submitting its new bioherbicide - MBI-014to the United States Environmental Protection Agency (EPA) for regulatory approval.
Repeatedly conducted growers’ surveys have been indicating towards the importance of weed control in organic food production which is proving to be an expensive affair. Since chemical herbicides are not welcomed in organic growing systems, herbicide options are minimal, consisting almost entirely of non-selective soaps and acids that typically require repeat applications, lack residual activity, only affect plant areas into which they come in direct contact, and sometimes cost more than hand weeding.
While organic food sales have been continually rising in the US and it is the fastest growing segment of food. In such a scenario, Marrone’s bio-based herbicide - MBI-014 is going to be much help.
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