iCrowdNewswire   Jan 21, 2021  4:03 PM ET

Market Outlook

Global Bioherbicides Market is expected to reach a value of USD 2.35 billion by 2024. It is deemed to display a CAGR of 14.2% during the forecast period. The market is driven by increasing demands for organic food and environmental concerns pertaining to chemical agents. The large population limited arable land for cultivation, and standards of distributors and policy makers can fuel the demand for bioherbicides.

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Limited availability of the product and a small shelf life can restrict the growth of the global bioherbicides market.

Competition Outlook

Deer Creek Holdings, Hindustan Bio-Tech Chemicals & Fertilizers, Special Biochem Pvt. Ltd, Certified Organics Australia, Marrone Bio Innovations, Inc, Verdesian Life Sciences, Emery Oleochemicals, Peaceful Valley Farm Supply, Inc., HerbaNatur, Inc., Biostadt India Limited, WeedOUT Ltd., Belchim Crop Protection USA, LLC, and BioHerbicides Australia Pyt Ltd are key players of the global bioherbicides market. Launch of new products and constant innovation of formulations are prime strategies of players to sustain market hold.

Segmentation

Global Bioherbicides Market has been segmented based on source, mode of application, and crop type.

By source, the global bioherbicides market comprises microbials, biochemicals, and others.

Regional Analysis

The global bioherbicides market has been studied with regards to four key regions—North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

North America is touted to lead in the market owing to concerns regarding chemical pesticides and the move towards organic farming. The adoption of vertical farming as seen in urban settings can drive the need for bioherbicides. Establishment of organic produce stores as well as the interest in veganism can fuel the market growth.

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