Bioherbicides Market worth 1,573.7 M USD by 2021

Thursday 7 July 2016, Amsterdam

The report, now available on ASDReports, "Bioherbicides Market by source (Microbials, Biochemicals & Others), Application Mode (Seed, Soil, Foliar, Post-harvest), Formulation (Granular, Liquid & Others), Application, & by Region - Global Trends & Forecast to 2021", The bioherbicides market is projected to reach a value of USD 1,573.7 Million by 2021, at a CAGR of 14.5% from 2016.

The market is driven by factors such as increasing demand for organic products, reduced chemical hazards and easier residue management, improved results in yield, quality, and productivity, and support from the government. The high growth potential in emerging markets and untapped regions provides new growth opportunities for the market players.

Microbials segment is projected to be the fastest-growing market on the basis of source from 2016 to 2021

The microbials segment is projected to grow at the highest CAGR from 2016 to 2021. It provides a wide range of health benefits to the agricultural industry as it provides sustainable and cost-effective solutions to increase plant yield. They preserve and protect the environment and are thus beneficial to the farmers.

Foliar segment, by application mode, depicts high potential in the bioherbicides market

The foliar segment is one of the major segments in the bioherbicides market. Bioherbicides applied through the foliar application are generally absorbed at a faster rate than when applied to the soil. The global demand in the foliar segment is expected to increase in the future, especially in developing regions such as Asia-Pacific and Latin America.

Significant growth for bioherbicides is observed in the Asia-Pacific region

Asia-Pacific has a high growth potential for bioherbicides. This region has many emerging countries, such as China, India, and Japan. Moreover, factors such as adoption of organic farming practices, growing demand for food safety & quality, and Integrated Pest Management (IPM) are driving the growth in the bioherbicides market in this region.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies, such as Emery Oleochemicals (Malaysia), Deer Creek Holdings (U.S.), Verdesian Life Sciences, LLC (U.S.), Marrone Bio Innovations Inc. (U.S.), Certified Organics Australia Pty Ltd (Australia), EcoPesticides International, Inc. (U.S.), MycoLogic Inc. Innovative Biologicals (Canada), Bioherbicides Australia Pty Ltd. (Australia), Hindustan Bio-tech (India), and Special Biochem Pvt. Ltd. (India).