Unraveling the Potential of Bioherbicides will be Key to Market Growth
Growing demand for food safety in developed and developing nations has urged farmers to adopt recommended practices in the use of crop protection chemicals (pesticides). Consumer awareness of the residual effects of pesticides in food products has risen over the past decade. Search for alternatives such as bioherbicides and implementation of best practices has become a priority and have entailed better efficiency in increasing agricultural income offering better yield and quality products.
In this study, the global growth opportunities for the bioherbicides market are explored in detail, with emphasis on key growth factors across the global and regional markets, market trends, technologies, product innovations, and competitive landscape. A bioherbicide is a biological control agent used on weeds. They are compounds derived from microbes, such as fungi, bacteria, or protozoa; phytotoxic plant residues and extracts; or single compounds derived from other plant species. Bioherbicides based on fungus are called as mycoherbicide. Bioherbicides by source include microbials, plant extracts, and others (natural sources).
Low development cost, shorter regulatory approval time in many countries, and herbicide-resistant management are some of the factors that are likely to propel the growth of the bioherbicides market. Despite immense possibilities, the rate of new product innovation in bioherbicides has been average compared to that in bio fungicides and bioinsecticides. Hence, companies need to step up their R&D efforts to uncover novel sources of bioherbicides with scalable technology and increased shelf life to penetrate regional markets across the world. Consumer awareness toward the negative impacts of synthetic herbicides along with demand for new weed management approaches will boost the growth of the bioherbicide market.
This research covers the global bioherbicides market. The regions in the study include North America, Europe, Asia-Pacific, and Rest of World (LATAM, Middle East, and Africa). The study is segmented into different types of bioherbicides by source.
Key Issues Addressed
- What is the future of the bioherbicides market, and what are the key challenges that are likely to impact it in the future?
- How do macroeconomic factors determine the necessity for product innovations, and how do they impact the final consumer?
- What are the most important product innovations across different types of bioherbicides that will record the highest growth, and how are these likely to change in the future?
- What are the primary consumer factors that will contribute to the overall growth and growth mix in the bioherbicides market?
