Expansions and New Product Launches are the Preferred Growth Strategies in Bioherbicides Market

Factors such as rising adoption of integrated pest management along with sustainable farming practices are the major driving factor for this market. Bioherbicides help in decreasing the maximum residue levels (MRLs) laid for a pesticide.

(EMAILWIRE.COM, July 26, 2019 ) The bioherbicides market has many players (small, medium, and large); however, the industry is dominated by a few, which include Emery Oleochemicals (Malaysia), Deer Creek Holdings (U.S.), Verdesian Life Sciences, LLC (U.S.), Marrone Bio Innovations Inc. (U.S.), Certified Organics Australia Pty Ltd (Australia), collectively accounting for a major part of the bioherbicides market. Expansions and new product launches are the preferred growth strategies in this market. The purpose of adopting these strategies is that it results in better market penetration and market coverage, increases product portfolio, and helps to reach new potential markets. Other players such as EcoPesticides International, Inc. (U.S.), MycoLogic Inc. Innovative Biologicals (Canada), Bioherbicides Australia Pty Ltd. (Australia), Hindustan Bio-tech (India), and Special Biochem Pvt. Ltd. (India) also have a strong presence in this market.

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Emery Oleochemicals (Malaysia)

Emery Oleochemicals is one of the leading players in the bioherbicides market and has six business units, namely agrogreen, bio-lubricants, ecofriendly polyols, green polymer additives, home & personal wellness, and oleobasics. The bioherbicide products are offered under the segment agrogreen. It provides over 3,000 products. The products of the company comply the international standards of ISO 9001 and ISO 14001 governing quality and environmental protection. Emery Oleochemicals (Malaysia) focuses on partnership as a strategy with its stakeholders to derive synergies. Recently, in the year 2015, the company entered into a partnership with UN to support local farming community through Integrated Sustainable Agriculture Programme (iSAP).

Deer Creek Holdings (U.S.)

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Deer Creek Holdings has mainly five business segments, namely, agribusiness, chemicals, food & beverage, healthcare, and precision engineered components. The bioherbicide products are offered under the agribusiness segment. It focuses on the agribusiness market, particularly any products or services that enhances crop yields. Within agribusiness, it focuses on seed treatment applied technologies, seed application technologies, soil applied/soil amendments, foliar (plant) applied, integrated pest management (IPM) products, water management products, precision agriculture products, and post-harvest products. The company focuses on recapitalizations, management-led buyouts, shareholder buyouts, acquisitions, corporate divestitures, and business expansion. The investments are generally higher than USD 3.0 million (ranging between USD 10.0 and USD 40.0 million) and in companies within a revenue range of between USD 10.0 and USD 75.0 million. It is only focused on long-term investments, generally more than 4- to 5-year investment plans.

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