Asia-Pacific Bioherbicides Market was worth USD 310 Million in 2021 and is expected to reach USD 640 Million by 2026 with a CAGR of 16 %.
Bioherbicide is a kind of herbicide, which is derived from microbes, and made up of specific insects and microorganisms. The insects utilized for delivering bioherbicide incorporate parasitic wasps and woman butterfly, while the microorganisms utilized include bacteria, fungi, and viruses.
Asia-Pacific Bioherbicides Market Drivers:
The Asia-Pacific market is driven by factors such as increasing demand for natural products, decreased chemical hazards and less demanding residue management, enhanced outcomes in yield, quality, and productivity, and support from the government. High growth potential in developing markets and untapped regions are providing new opportunities to the market players. However, risk of secreted metabolites and lesser product reach to consumer in developing countries are some of the major factors hindering the growth of Asia-Pacific market.
Asia-Pacific Bioherbicides Market – By Source:
Asia-Pacific Bioherbicides Market – By Application Mode:
Asia-Pacific Bioherbicides Market – By Formulation:
Asia-Pacific Bioherbicides Market – By Mode of Action:
Asia-Pacific Bioherbicides Market – By Application:
Microbials segment is expected to grow at highest CAGR as it provides sustainable and cost effective yield.
Geographically, Market is segmented into India, China, Japan, Australia and South Korea.
Some of the major players influencing the market are Emery Oleochemicals, Deer Creek Holdings, Verdesian Life Sciences, LLC, Marrone Bio Innovations Inc., Certified Organics Australia Pty Ltd, EcoPesticides International, Inc., MycoLogic Inc. Innovative Biologicals, Bioherbicides Australia Pty Ltd., Hindustan Bio-tech, and Special Biochem Pvt. Ltd.
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