Industry Background:
Organic farming has gained popularity among consumers, rising demand for organically produced vegetables and food grains has made it necessary to use bioherbicides. Bio-herbicides are the chemicals which creates a minimal residue and make sure a rare resistance development. These also reduce the dependency on chemical pesticides and are tremendously environment-friendly. These types of advantages given by bio-herbicides make them a preferred choice for farmers to increase yield by killing weeds, and unwanted pests. With the increasing government support for the development of bio-based crop control chemicals are driving the growth of the market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BHA (BioHerbicides Australia) (Australia), Certified Organics Australia (Australia), Emery Oleochemicals (Malaysia), Hindustan Bio-Tech Chemicals & Fertilizers (India), BASF (Germany), Bayer AG (Germany), DowDupont (United States), Syngenta AG (United States), FMC Corporation (United States), Adama Agricultural Solutions Ltd (China) and Nufarm Ltd. (Australia) |
This growth is primarily driven by Phasing out Chemical-Based Synthetic Products are Driving the Market and The shift in Consumer Preference Towards Healthier and Nutritional Food Products.
Globally, a noticeable market trend is evident Increasing Trend of staying Organic and Producing Organic Vegetables and Fruits Major Vendors, such as BHA (BioHerbicides Australia) (Australia), Certified Organics Australia (Australia), Emery Oleochemicals (Malaysia), Hindustan Bio-Tech Chemicals & Fertilizers (India), BASF (Germany), Bayer AG (Germany), DowDupont (United States), Syngenta AG (United States), FMC Corporation (United States), Adama Agricultural Solutions Ltd (China) and Nufarm Ltd. (Australia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market of Bio Herbicides is expected to grow with rising agricultural infrastructure. Increasing preference for bio based herbicides driving the demand for the market. Several companies are operating in the market to provide bio herbicides with various features & unique offering. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Key Developments in the Market:
In April 2020, Syngenta and Novozymes announced the commercialise phase of its new bio fungicide, TAEGRO in Europe and Latin America. It is a microbial foliar fungicide, which can be used by fruit and vegetable growers in order to protect crops against powdery mildew and botrytis diseases. The product has already received approval in Belgium, Bulgaria, Czech Republic, France, Germany, Greece, Italy, Netherlands, Spain, United Kingdom, and other European countries.
In December 2021, Marrone Bio Innovations, Inc. acquired rights to optimize bioherbicide with high-performing strains of Streptomyces acidiscabies to accelerate the development of new and second-generation bioherbicide, MBI-006. The new bioherbicide has been developed and registered with the U.S. Environmental Protection Agency and Canada’s Pest Management Regulatory Agency. New bioherbicide MBI-006 opens the door for Marrone Bio Innovations to enter into the USD27 billion herbicide market., and In March 2018, FMC Agricultural Solutions launched Authority Supreme herbicide. It is a new herbicide that efficiently controls the growth of weeds. The U.S. Environmental Protection Agency has granted registration for Authority Supreme herbicide in soybeans, sunflowers, and dry field peas. With this launch, the company has strengthened its existing product portfolio.
Influencing Trend:
Increasing Trend of staying Organic and Producing Organic Vegetables and Fruits
Market Growth Drivers:
Phasing out Chemical-Based Synthetic Products are Driving the Market and The shift in Consumer Preference Towards Healthier and Nutritional Food Products
Challenges:
Chemical-Based Herbicides, Show Better Results on Which Farmers tend to use them More than Bio-Herbicides
Restraints:
Low prices of Synthetic Herbicides are Expected to Remain a Hurdle in this Market and Lack of Awareness among the Farmers is also Anticipating to Restrain the Market
Opportunities:
Increasing Awareness Programs to Educate Consumers Regarding Noxious Chemical Impacts and Rising Government Initiatives to Produce Organic Vegetables
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Bio herbicides Market
- Analysis about New Entrants in Bio herbicides Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Bio herbicides Study Sheds Light on
The Bio herbicides Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Bio herbicides industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bio herbicides industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.