Global Bio-Herbicides Market 2017-2021

Overview of the global bio-herbicides market

The bio-herbicide business involves certain governance codes that are strictly followed by vendors in the agrochemicals and crop control chemicals market. The draft of these policies and guidelines are majorly prepared by regulatory bodies such as the food and agriculture organization of the United Nations, the US environmental protection agency (EPA), and European food safety authority (EFSA). In addition, the Federal insecticide, fungicide, and rodenticide act (FIFRA) and Federal food, drug, and cosmetics act (FFDCA) also include some of these rules and regulations. Research analysis on the global bio-herbicides market identifies that the rising focus on these regulatory laws and obligations will be one of the major            factors that will have a positive impact on the growth of the market. These laws help harvesters to overcome the challenges in weed control and management. For instance, harvesters are encouraged to use wide-spectrum synthetic herbicides to restrict the growth of these weeds. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 19% by 2021.

Harvesters are avoiding the application of synthetic crop enhancement chemicals, including pesticides, antibiotics, fertilizers, and genetically modified organisms and adopting organic farming. The growing prominence of organic farming is one of the key trends that will gain traction in the global bio-herbicides market during the estimated period. Some of the advantages of organic farming include composed association between predator and host, cover crops, and crop rotation. The practice of organic farming recycles the organic residues and nutrients back to the earth.

Competitive landscape and key vendors