According to MarkNtel Advisors’ research report titled “Global Bioherbicides Market Analysis, 2020”, the global market is anticipated to grow at a CAGR of around 22% during 2020-25. Growing R&D for product development, supportive government policies in the developed nations, and increasing government participation for the promotion of eco-friendly bioherbicides, can further augment the market growth in the future. Moreover, the escalating demand for organic food products and easier residue management with negligible environmental impact are contributing to the growth in sales of bioherbicides across the globe.
The Global Bioherbicides market is expected to witness an upcoming trend of using bioherbicides in Integrated Weed Management (IWM) and the global uptick in the organic farming practices. IWM is essentially the control of weeds through a long-term management approach by combining physical, genetic, biological, cultural, and chemical weed management techniques. The IWM researchers have been focusing on the reduction of reliance on synthetic herbicides in the cropping systems.
Agriculture Crop Emerges as the Largest Segment in the Upcoming Years
Based on the application segmentation, the agriculture crop type segment is expected to dominate the Global Bioherbicides market during 2020-25, as stated in the MarkNtel Advisors’ research report “Global BioHerbicides Market Analysis, 2020”. Further, the fruits and vegetable sub-segment emerged as the leading application area in 2019. Due to the rising demand for fruits and vegetables across the globe, owing to a growing population, interloped with the increasing preference for organic food products, it is expected to be the key factor responsible for the segment's growth in the future.
According to MarkNtel Advisors, some the of key competitors operating in the Global Bioherbicides market include Marrone Bio Innovations, Safer Gro, BioSafe, WestBridge, Alphabio Control, Herbanatur, and Soiltech. Marrone Bio Innovations is a key participant in the Global Bioherbicides and the Bio-Pesticides market. it has a robust pipeline of 3 approved products (2 herbicides, and 1 nematicide). The company has a healthy rate of product innovation due to its prioritization of R&D efforts. It has 25 issued patents in the US and 87 foreign patents. Additionally, the company has 208 domestic and foreign patents pending registrations.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global Bioherbicides Market during 2020-25?
A. The growth rate and CAGR of Global Bioherbicides Market during 2020-25 are forecast to be around 22%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that the Asia-Pacific region will dominate the market with the majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Bioherbicides Market?
A. Marrone Bio Innovations, Safer Gro, BioSafe, WestBridge, Alphabio Control, Herbanatur, Soiltech, and few others are the leading players in the Global Bioherbicides Market.
Q. Does the report scope cover country-wise market statistics also?
A. Yes, the scope of the report encompasses detailed country statistics such as market size, market segmentation based on various subcategories.
Q. Which Crop type Segments would emerge as an opportunity area for players in Global Bioherbicides Market?
A. The agriculture crop type segments grabbed the major market share.
