Global Bio-Herbicides Market 2017-2021
A herbicide is a type of pesticide that is widely used to kill and inhibit the growth of unwanted plants. A weed is a grass or plant that is not valued for any economic use or attractiveness. Its growth is wild and vigorous, and it affects the productivity of superior vegetation. It is one of the factors that affect the economic growth in the agriculture industry. Bio-herbicides are used to kill and inhibit the growth of unwanted plants. Agriculture and organic horticulture producers consider weeds as one of the most costly, troublesome, and time-consuming challenges in the agriculture and non-agriculture crop industries. With the growing significance of organic horticulture, the need for bio-herbicides has increased for sustainable crop cultivation. Bio-herbicides can be developed from pathogens. Bacteria, fungi, and viruses are some of the main microbial agents used as pathogens in bio-herbicides.
Technavio’s analysts forecast the global bio-herbicides market to grow at a CAGR of 19.44% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global bio-herbicides market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bio-herbicides Market 2017-2021
Technavio recognizes the following companies as the key players in the global bio-herbicides market: BHA (BioHerbicides Australia), Certified Organics Australia, Emery Oleochemicals, Hindustan Bio-Tech Chemicals & Fertilizers, and MycoLogic
Other Prominent Vendors in the market are: AlphaBio Control, Engage Agro USA, and Nexus Bio Science.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing preference for bio-herbicides. Bio-herbicides are generally bacterial, fungal, and viral formulations. Microorganisms in bio-herbicides inhibit the growth of unwanted plants. Bio-herbicides have various advantages such as no or minimal residue, rare resistance development, and exceptional activity. These advantages of bio-herbicides make them preferred in the market.”
According to the report, one of the major drivers for this market is Rising food demand and agricultural land scarcity. Emerging economies are facing intense pressure to ensure food security mainly because of the rapid economic growth, increasing population, and limited natural resources. The rapid increase in population, urbanization, and economic development has impacted these countries significantly. The growing food demand is leading to the increased demand for arable land. Land constraints, natural catastrophe, declining crop yield, and low labor productivity are the major barriers for countries. Significant investments are required to overcome such challenges in the agricultural sector. In addition, it becomes challenging for countries to tackle such issues with current land reform strategies and without negotiating food security issues.
Further, the report states that one of the major factors hindering the growth of this market is Short shelf life of bio-herbicides. The short shelf life of bio-herbicides is one of the key factors that restrict the growth of the global bio-herbicides market. As bio-herbicides are naturally derived products, they are highly susceptible to environmental conditions. This decreases the shelf life of bio-herbicide products. Optimizing the shelf life of biocontrol products, such as bio-herbicides, is one of the difficult and critical tasks because they contain live microbial organisms.
BHA (BioHerbicides Australia), Certified Organics Australia, Emery Oleochemicals, Hindustan Bio-Tech Chemicals & Fertilizers, MycoLogic, AlphaBio Control, Engage Agro USA, and Nexus Bio Science.
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