The Bioherbicides Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Bioherbicides Market is estimated to be USD 698.7 Million in 2016 and predicted to rise to USD 1573.7 Million by 2021 with a CAGR of 14.5 %. The market is segmented by Source (Microbials, Biochemicals & Others), Application Mode (Seed treatment, Soil treatment, Foliar, Post-harvest and Others), Formulation (Granular, Liquid & Others), by Mode of Action(MOA involving Photosynthesis, MOA Targeting Enzymes, and Others), Application (Agricultural Crop Type(Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Others), Non-Agricultural Type(Turf & Ornamentals, Plantation Crops)). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Some of the factors like rising demand for natural products, decreased chemical hazards and less demanding residue management, enhanced outcomes in yield, quality, and productivity, and support from the government are driving the market. High growth potential in developing markets and untapped regions are providing new opportunities to the market players. However, risk of chemical secretions and shortage of product to consumer in developing countries are factors restricting the growth of the market.
Microbials segment is expected to grow at highest CAGR as it provides sustainable and cost effective yield. Based on the mode of application, Foliar Segment is expected to show tremendous growth in the future as bioherbicides applied through Foliar will be absorbed by soil at a faster rate.
Geographically, Asia-Pacific dominates the market currently and growing significantly throughout the forecast period owing to increase in demand for high quantity and quality yield. Europe is expected to increase at a significant rate owing to its advanced agricultural practices.
Major Players in the market are Emery Oleochemicals, Deer Creek Holdings, Verdesian Life Sciences, LLC, Marrone Bio Innovations Inc., Certified Organics Australia Pty Ltd, EcoPesticides International, Inc., MycoLogic Inc. Innovative Biologicals, Bioherbicides Australia Pty Ltd., Hindustan Bio-tech, and Special Biochem Pvt. Ltd.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-bioherbicides-market-1832/” and checkout our recent reports in the” Agrochemicals” category at “http://www.marketdataforecast.com/research-reports/agriculture/agrochemicals-8/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.