Global
Bioherbicide Market: Overview
Herbicide
is a type of pesticide that is used to kill unwanted plants. In the
agricultural sector, selective herbicides are frequently used to kill
certain targets while keeping the desired crop relatively unaffected.
Bioherbicide is a type of herbicide, which is derived from microbes,
and made up of certain insects and microorganisms. Bioherbicide help
in controlling the growth of undesired plants of weeds during crop
yield. The insects used for producing bioherbicide
include parasitic wasps and lady butterfly, while the type of
microorganisms used include bacteria, viruses, and fungi.
Eco-friendliness,
longevity, and cost-efficiency are some of the primary features of
bioherbicide, apart from the striking benefit that bioherbicide do
not affect other organisms that are essential for a substantial crop
yield. Naturally, as the food and beverage sector expands, the demand
for good crop yield is extending, which in turn is escalating the
demand in the global market for bioherbicide. According to the
report, the global herbicide market is projected for a healthy CAGR
during the forecast period of 2016 to 2024. The bioherbicide derived
from fungus are also known as mycoherbicides, while in the pesticide
industry, bioherbicide are also referred to as ‘naturals’ due to
its eco-friendliness.
Global
Bioherbicide Market: Trends and Opportunities
For
the reason that synthetic chemicals have hazardous effects on the
eco-friendly system, the awareness about bioherbicide is on the rise
among the consumers. Also, certain regulatory norms against the use
of synthetic chemicals is further supporting the transition to
bioherbicide. Moreover, there as several application areas were the
usage of herbicide is not feasible owing to government regulations
and cost factors. Hence, bioherbicide are preferred, as they are less
polluting and decrease water contamination.
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Furthermore,
the advances in genetic engineering is seen as one of major
opportunity in the bioherbicide market as the new generation
bioherbicide will be more effective against weeds. Bioherbicide also
find application in the industries of leisure and crop control
chemicals. For example, bioherbicide are applied to treat golf course
as well as other grass types. Phytophthora plamivora help in
controlling milk weed units in citrus orchards while Alternaria
Eichhorniae are used to control growth of water hyacinth. However,
the risk of secreted metabolites by the microbes is one of the most
prominent restraint over the growth rate of the global bioherbicide
market, as some of the secreted metabolites are toxic in nature and
may harm human beings.
The
global market for bioherbicide market can be segmented on the basis
of crop type, application, and geography. By crop type, the market is
divided into permanent crops, arable crops, and others while on the
basis of application, the market is divided into grains and cereals,
oil seeds, turf and ornamental grass, and fruits and vegetables.
Global
Bioherbicide Market: Region-wise Outlook
Geographically,
the global market for bioherbicide can be studied into the regional
markets of North America, Europe, Asia Pacific, and rest of the
world. Currently, Asia Pacific serves the most of the demand for
bioherbicide and is expected to remain the dominant regional market
due to the increasing demand for high quantity and quality yield.
Vastly populated and agriculture-dependent emerging economies of
India and China are the most prominent country-wise markets for
bioherbicide in the region of Asia Pacific, although Japan,
Australia, Taiwan, and South Korea are also expected to exhibit a
surge in demand during the forecast period. The North America market
for bioherbicide is driven by the demand from ornamental gardening
industry and crop protection chemicals.
Companies
Mentioned in the Research Report
Some
of the key players currently functional in the global bioherbicide
market are Jiangsu Dongbao Agrochemical Co., Ltd., Hindustan
Bio-tech, Bayer CropScience AG, Marrone Bio Innovations and Isagro
SpA.
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