Global Bioherbicides Market is expected to reach USD 1,573.7 Million by 2021 owing to support from the government
Hyderabad, India -- (SBWIRE) -- 01/22/2018 -- The report "Bioherbicides Market 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)) - Forecast to 2021", The Bioherbicides market is expected to reach USD 1.57 Billion by 2021 from an estimated USD 698.7 Million in 2016, at a CAGR of 14.5%. The key factors such as 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 growth of the global market.
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By source, the microbials segment accounted for the largest share of the market in 2016
On the basis of source, the Bioherbicides market has been segmented into Microbials, Biochemicals & Others. Based on Application Mode, Market is further segmented into Seed, Soil, Foliar, Post-harvest and others. The microbials segment accounts for the highest share in the Bioherbicides Market, mainly due to the more adoption than in any other segment.
By formulation, the granular segment accounted for the largest share of the market in 2016
On the basis of formulation, the Bioherbicides market has been segmented into Granular, Liquid & Others. Based on Mode of Action, Market is segmented into MOA involving Photosynthesis, MOA Targeting Enzymes, and Others
On the basis of application, Market is segmented into Agricultural and Non-Agricultural Crop Types. Based on Agricultural Crop Type, Market is further segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and others. Based on Non-Agricultural Crop Type, Market is further segmented into Turf & Ornamentals, Plantation Crops.
Asia Pacific dominated the market in 2016
Asia Pacific accounted for the largest share of the Bioherbicides market in 2016, followed by Europe and North America. The large share of the Bioherbicides market in Asia Pacific can be attributed to the rising awareness and adaptation of the application of amino acids in feeds. Europe holds the second major market for Bioherbicides. Asia pacific is estimated to represent strong potential market growth in the Bioherbicides market due to fast technological advancements and adaptation by farmers.
The various players in the Bioherbicides market include 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.
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