The "Global Bioherbicides - Market and Technology forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global market for Bioherbicides is projected to reach a value of USD 2 Billion by the year 2028 from a value of USD 5 Billion for the year 2020. The market is expected to grow with a CAGR of 17% during the forecast period.
Bioherbicides are used to control the growth of weed by means of green technology and they are composed of microbial phytotoxins. The active ingredient used in bioherbicides are living microorganisms. Synthetic herbicides have high toxicity because of which it very often kills useful crops as well. Restrictions imposed on the use of agrochemicals owing to the environmental and health hazards posed by them has been one of the key drivers for the growth of organic farming. Bioherbicides are comprised of secondary metabolites and compounds that are generally obtained from conventional sources which hereby aid weed control through natural mechanisms.
Conservation of environment and evolution of green technology are some of the factors that support the growth of this market. Bioherbicides are highly selective, i.e. they kill only target weeds and do not cause harm to other useful crops. They are composed of naturally occurring substances, therefore the manufacturing cost incurred is very less as compared to synthetic herbicides.
The increasing demand for residue-free organic crops has promoted the growth of this market. Moreover, governments have been promoting the use of organically grown crops because of its health benefits and to meet crop export standards which provides this market a further boost. Although, bioherbicides have a low shelf life. It has a lower prevalence time as compared to synthetic pesticides, hence having a negative impact on market growth. The increased R&D in this sector has been one of the key opportunities that the bioherbicides market provides although its limited use is a challenge yet to be overcome by technology innovators.
This report covers all the key drivers, restraints, and challenges of the bioherbicides sector and the end-user applications of the same. To gain a better perspective of the market under study, the report is segmented as Application, Source, and by Region.
Based on global regions, APAC dominates the global market for bioherbicides, it has a market share with a value of more than one-third of the global market revenue. Developing countries are rapidly shifting from conventional farming methods to organic methods given government regulations that restrict the use of agrochemicals. Moreover, due to the increasing population in this segment, crop cultivation takes place on a wide scale hereby supporting the growth of the bioherbicides market. Additionally, the increasing disposable income of the general middle class also favour the market growth. North America and Europe are other prominent players in this market.
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Key Topics Covered:
2 Executive Summary
3 Current Market Overview of the Global Bioherbicides Market
4 Current Technology Trends in the Global Bioherbicides
5 Market Segmentation
5.1 By Source
5.2 By Region
5.3 By Application
6 Market Analysis
6.2 Porter's 5 Forces Analysis
6.4 Market Dynamics
6.5 Country Analysis
6.5.1 United States
6.5.11 United Kingdom
7 Forecast Global Bioherbicides Market by Source to 2028
7.2 Global Bioherbicides Market by Source overview
7.3 Global Bioherbicides Market By Source (By Formulation)
8 Forecast Global Bioherbicides by Region to 2028
8.2 Global Bioherbicides Market by Region overview
8.3 Global Bioherbicides Market By Region (By Crop Type)
8.3.1 Agricultural Crop
8.3.2 Non-Agricultural Crop
9 Forecast Global Bioherbicides Market by Application to 2028
9.2 Global Bioherbicides Market by Application
9.3 Global Bioherbicides Market By Application (By Mode of Action)
9.3.1 Mode of Action Involving Photosynthesis
9.3.2 Mode of Action Targetting Enzymes
10 Opportunity Analysis Global Bioherbicides Market
11 Events based forecast for the Global Bioherbicides Market to 2028
11.2 Events forecast factors
11.3 Global Market
11.4 Events Based Forecast- Scenario 1
11.5 Events Based Forecast- Scenario 2
12 Corona Impact
13 Conclusions and recommendations
14 Opportunity Analysis
15 Company Profiles
16 About the Publisher
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