North America was the largest bio-herbicides market and accounted for around 30% of the global revenue in 2015. A positive attitude towards organic farming and safety concerns towards the environment are the key factors driving regional growth. Initiatives taken by the local governing bodies to educate the consumers towards health and environmental impact are expected to play a vital role especially in countries like Canada and U.S.
Europe is the largest emerging market as of regional demand. Countries like Germany, the UK, Spain, Italy, and France are using bio-herbicides for high-quality fruits cultivation. The Asia Pacific is expected to experience the strongest growth over the forecast period. Rising awareness towards the adverse environmental impact among the farmers is anticipated to propel regional growth in the countries including China, Indonesia, and India. The development of the rural market is expected to drive the bio-herbicides demand in SAARC nations.
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Competitive Insights
Industries key players include Hindustan Biotech, Fits Chem Corporation, Bioherbicides Australia (BHA), Marrone Bio Inventions, Mycologic Inc., Engage Agro USA, and Emery Oleochemicals.
A capsule-based organic product named Di-Bak is developed by Bioherbicides Australia which is very widespread to cure woody weeds. Their products are designed to precisely suit the geographical terrain like wetlands, grasslands, and coastal areas. Research and development activities to find potential micro-organisms are anticipated to rise by local manufacturers to develop competition level in the global environment.
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