Global Bio-Herbicides Market 2017-2021

Overview of the global bio-herbicides market

The bio-herbicide business involves certain governance codes that are strictly followed by vendors in the agrochemicals and crop control chemicals market. The draft of these policies and guidelines are majorly prepared by regulatory bodies such as the food and agriculture organization of the United Nations, the US environmental protection agency (EPA), and European food safety authority (EFSA). In addition, the Federal insecticide, fungicide, and rodenticide act (FIFRA) and Federal food, drug, and cosmetics act (FFDCA) also include some of these rules and regulations. Research analysis on the global bio-herbicides market identifies that the rising focus on these regulatory laws and obligations will be one of the major            factors that will have a positive impact on the growth of the market. These laws help harvesters to overcome the challenges in weed control and management. For instance, harvesters are encouraged to use wide-spectrum synthetic herbicides to restrict the growth of these weeds. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 19% by 2021.

Harvesters are avoiding the application of synthetic crop enhancement chemicals, including pesticides, antibiotics, fertilizers, and genetically modified organisms and adopting organic farming. The growing prominence of organic farming is one of the key trends that will gain traction in the global bio-herbicides market during the estimated period. Some of the advantages of organic farming include composed association between predator and host, cover crops, and crop rotation. The practice of organic farming recycles the organic residues and nutrients back to the earth.

Competitive landscape and key vendors

The bio-herbicides market is highly competitive and characterized by the presence of a limited number of key global vendors and few regional and local players. These vendors are increasingly competing against each other based on factors such as the innovation, product differentiation, and price. Furthermore, suppliers of the bio-insecticides market find it easy to compete with their competitors and adapt to changing market conditions when they have better financial, technological, and other resources.

Key vendors in this market are -

• BHA (BioHerbicides Australia)
• Certified Organics Australia
• Emery Oleochemicals
• Hindustan Bio-Tech Chemicals & Fertilizers
• MycoLogic

Other prominent vendors in the market include AlphaBio Control, Engage Agro USA, and Nexus Bio Science.

Segmentation by application and analysis of the bio-herbicides market

• Non-agriculture crops
• Agriculture crops

The agriculture crops segment use bio-herbicides for agriculture crops that are mainly related to the food and fiber sectors. Researchers are increasingly focusing on introducing bio-herbicides made from several fungi, bacteria, and viruses to control the growth of weeds. One of the fungi-based bio-herbicides is phoma macrostoma. The adoption of bio-herbicides will continue to grow in this segment during the estimated period because they restrict the growth of weeds in cereals, corn, potatoes, wheat, oat, barley, flax, and beans.

Segmentation by geography and analysis of the bio-herbicides market

• APAC
• Europe
• North America
• ROW

The consumption of bio-herbicides is high in North America due to the growing demand for crop protection chemicals in the ornamental horticulture sector. The rise in environmental safety concerns and increase in organic farming will continue to boost the demand for bio-herbicides in the region throughout the forecasted period. Countries such as the US and Canada are witnessing a high indulgence in awareness creation regarding the environmental and health issues through regional governmental initiatives. This will drive the sales volume of bio-herbicides.

Key questions answered in the report include

• What will the bio-herbicides market size and the growth rate be in 2021?
• What are the key factors driving the global bio-herbicides market?
• What are the key m bio-herbicides market trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the global bio-herbicides market?
• What are the market opportunities and threats faced by the vendors in the global bio-herbicides market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global bio-herbicides market?