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Global Bioherbicides Market Growth Prospects, Geography, Drivers and Restraints 2022 - 2030

02-28-2023 01:08 PM CET | Science & Education

Press release from: Absolute Markets Insights

Global Bioherbicides Market Growth Prospects, Geography,

Global Bioherbicides market is expected to be driven by prevalence of weed growth in agriculture production. Bioherbicides consists of numerous microorganisms and phytotoxins derived from microbes which are ideally used to control weed. Also, weed management through biological method involves inundate use of biotic agents to decrease the density, reproductive capacity, and vigour of weeds. Besides, bioherbicide approach has massively gained popularity in controlling the infestation of weed through application of selective microorganisms. In addition, high consumption of synthetic herbicides along with its detrimental side-effects on crops and associated vegetation has driven the demand for bioherbicides in the recent past.

In terms of revenue, the global bioherbicides market is growing at a CAGR of 13.1% over the forecast period (2022 - 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

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Organic horticulture sector is susceptible to high risk of massive weed infestation which hinder/reduces the yield of food crops. Such conditions negatively affect the financial and operating conditions of organic horticulture producers. Bioherbicides being cost-effective measure for weed management has gained high attention among crop producers. Moreover, multiple pathogen strategy used by various herbicide formulators have created potential human health hazard owing to which the shift in adoption of bio-based products has further increased. The advent of biobased sources in line with regulatory guidelines have created lucrative opportunities for bioherbicides market. Growing necessity to decrease production costs along with crop producers focusing on positive process economics have further bolstered the consumption of bioherbicides. The aforementioned factors drove the bioherbicides market growth in 2020.

From standpoint of COVID-19 impact, the industry was negatively driven during crisis. In line with restriction imposed on movement of commodities and closure of various shops availability of agriculture inputs such fertilizers, pesticides, seeds, fodder, and herbicides decreased. Moreover, disruption in supply chain caused price hike in agriculture inputs, including bioherbicides. Covid-19 induced lockdown on global level cascaded impact on every aspect of agriculture sector which in turn decreased the demand for bioherbicides in 2020. However, post pandemic implementation of proactive measures by crop producers in line with recovery of agriculture sector is likely to bolster the bioherbicides market growth in the near future.

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Some of the Key Players Operating in the Global Bioherbicides Market include:
AlphaBio Control
Barmac Pty Ltd
Belchim Crop Protection USA, LLC.
BioHerbicides Australia
Certis USA L.L.C.
Emery Oleochemicals
Koppert Biological Systems
Marrone Bio Innovations
Nexus Bio Science
Novozymes
Premier Tech Ltd.
Special Biochem Pvt Ltd
Verdesian Life Sciences
Other Market Participants

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Global Bioherbicides Market Segmentation:

By Application
Food Crops
Field Crops
Lawns
Sports Turfs
Pastures
Others

By Source
Microorganism
Phytotoxic Plant Residue
Others

By Form
Liquid
Granular
Others

By Sales Channel
Online
Offline

By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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We appreciate your reading the article in its entirety. If you would like to know more about the Bioherbicides market, looking for customization, contact us. To achieve a full market reach of Bioherbicides, or explore more about opportunities reach our research analyst. Our team is available 24/7 to assist and support our customers through reliable research.

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Contact Name: Shreyas Tanna
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Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization. From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

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