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Global Bioherbicides Market - Segmented by Application, and Geography - Growth, ...
The global bioherbicides market was estimated to be worth USD 1.74 billion in 2017 and is expected to register a CAGR of 14.5% during the forecast period (2018 – 2023). The factors driving the market include a high demand for environment-friendly herbicides, low R&D costs, and the adoption of organic farming practices.
The awareness about bioherbicide is on the rise among the consumers as an increasing number of people are becoming aware of the hazardous effects of synthetic chemicals on the ecosystem. Also, the evolution of stringent regulatory norms against the use of synthetic chemicals and the phasing out of certain active ingredients, such as glyphosate, in many countries are further accelerating the market for bioherbicides.
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The expanding usage of bioherbicides in the industries of leisure and crop control chemicals is generating new opportunities for market growth. Bioherbicides are now finding applications in the treatment of golf courses as well as treatment of other types of grass. Phytophthora plamivora help in controlling milkweed units in citrus orchards, while alternaria eichhorniae are used to control the growth of water hyacinth.
In 2015, North America was the largest consumer of bioherbicides, accounting for almost 30% of the global market. The growing awareness among farmers about organic farming and the environment safety concerns in the region are some of the significant factors driving the market. Initiatives taken by the regional governments towards health and environment safety are likely to play an important role in driving the market in the US and Canada.
Major Players: Agrauxine SA, Koppert Biological Systems, Bayer Crop Science, BASF, Marrone Bio Innovations, and Valent Biosciences, among others.
1. Introduction
1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope and Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Dynamics
3.1 Drivers
3.1.1 Growing Demand for Food Safety & Quality
3.1.2 Incresing Regulation on Synthetic Chemical Use
3.1.3 Increase in Herbicide Resistant Crops
3.1.4 Increasing Demand and Popularity of Organically Grown Products
3.1.5 Low R&D Cost
3.2 Restraints
3.2.1 Less Product Reach and Availability
3.2.2 High cost
4. Industry Analysis
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitute Products and Services
4.1.5 Degree of Competition
5. Market Segmentation
5.1 By Application
5.1.1 Crop based
5.1.1.1 Grains & Cereals
5.1.1.2 Oil seeds
5.1.1.3 Fruits & Vegetables
5.1.2 Non-Crop based
5.1.2.1 Turf & Ornamental Grass
5.1.2.2 Others
5.2 By Geography
5.2.1 North America
5.2.1.1 US
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America
5.2.2 Europe
5.2.2.1 Spain
5.2.2.2 UK
5.2.2.3 France
5.2.2.4 Germany
5.2.2.5 Russia
5.2.2.6 Italy
5.2.2.7 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 India
5.2.3.3 Japan
5.2.3.4 Australia
5.2.3.5 Rest of Asia-Pacific
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Africa
5.2.5.1 South Africa
5.2.5.2 Rest of Africa
6. Competitive Landscape
6.1 Strategies Adopted by Leading Players
6.2 Most Active Companies in the Past Five Years
6.3 Market Share Analysis
7. Company Profiles*
7.1 Agrauxine SA
7.2 Agraquest
7.3 BASF
7.4 Bayer CropScience
7.5 Certis LLC
7.6 De Sangosse
7.7 FMC Corporation
7.8 IsAgro SpA
7.9 Koppert Biological System
7.10 Marrone Bio innovations
7.11 Monsanto
7.12 Novozyme Biological
7.13 Seipasa
7.14 Syngenta
7.15 Valent Biosciences
*List not exhaustive
8. Future Outlook of the Market
8.1 Geographical Outlook
8.2 Industrial Outlook
9. Appendix
10. Disclaimer
