Latin America Bioherbicides Market was worth USD 200 Million in 2021 and is expected to reach USD 500 Million by 2026 with a CAGR of 15.0 %.
The use of bioherbicides is one of the few methods for controlling weeds without ecological perils posed by synthetic herbicides. Bioherbicides are made from microorganisms and certain insects that can target particular weeds. Longevity, eco-friendliness, and cost-efficiency are the primary features of bio herbicide. Apart from the striking, these bio herbicides benefit do not affect other organisms which are essential for a significant crop yield.
Drivers and Restraints of Latin America Bioherbicides Market:
Rising demand for natural products, less demanding residue management, decreased chemical hazards, enhanced outcomes in yield, quality, and productivity, and support from the government are some of the factors driving the market. High growth potential in developing markets and untapped regions are providing new opportunities to the market players. However, shortage of product to consumer in developing countries and risk of chemical secretions are some of the major factors restricting the market.
Latin America Bioherbicides Market – By Source:
Latin America Bioherbicides Market – By Application Mode:
Latin America Bioherbicides Market – By Formulation:
Latin America Bioherbicides Market – By Mode of Action:
Latin America Bioherbicides Market – By Application:
Microbials segment is expected to grow at highest CAGR as it provides sustainable and cost effective yield.
Geographically, Market is further segmented into Brazil, Argentina and Mexico.
Key players in the market include Deer Creek Holdings, Verdesian Life Sciences, LLC, Emery Oleochemicals, Marrone Bio Innovations Inc., EcoPesticides International, Inc., MycoLogic Inc. Innovative Biologicals, Certified Organics Australia Pty Ltd, Bioherbicides Australia Pty Ltd., Hindustan Bio-tech, and Special Biochem Pvt. Ltd.
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