According to a new market report by Lucintel, the future of the bioherbicide market looks promising with opportunities in the agricultural and non-agricultural sectors. The bioherbicide market is expected to grow with a CAGR of 15% from 2019 to 2024. The major growth drivers for this market are increasing demand for organic food and growing demand for environment-friendly herbicides.
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In this market, microbials, and biochemical are the major source of bioherbicide. On the basis of comprehensive research, microbials will remain the largest source of bioherbicide and it is also expected to witness the highest growth over the forecast period. Within the bioherbicide market, foliar will remain the largest application over the forecast period
North America will remain the largest market over the forecast period due to growing awareness among farmers about organic farming and the environment safety concerns. Asia Pacific (APAC) is expected to experience the highest growth over the forecast period due to increasing agricultural practices and requirement of high-quality agricultural products.
Emery Oleochemicals, Deer Creek Holdings, Verdesian Life Sciences LLC, Marrone Bio Innovations Inc., Certified Organics Australia Pty Ltd, EcoPesticides International, Inc., Bioherbicide Australia Pty Ltd., Hindustan Bio-tech, and Special Biochem Pvt. Ltd. are among the major manufacturers of bioherbicide.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the bioherbicide market by source, formulation, application, and region. Lucintel has prepared a comprehensive research report titled "Bioherbicide Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the bioherbicide market by source, formulation, application, and region as follows:
By Source [$M shipment analysis for 2013 – 2024]:
Microbials
Biochemical
Others (Plant Phytotoxic Residues & Other Botanical Extracts)
By Formulation [$M shipment analysis for 2013 – 2024]:
Granular
Liquid
Others (Pellets & Dust/Powder Form)
By Application [$M shipment analysis for 2013 – 2024]:
Seed
Soil
Foliar
Post-Harvest
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
France
U.K.
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Indonesia
Rest of Asia Pacific
ROW
Brazil
Argentina
Saudi Arabia
Others
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/bioherbicide-market.aspx or helpdesk@lucintel.com.
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