The global bioherbicides market size was US$ 1.43 billion in 2021. The global bioherbicides market is forecast to grow to US$ 2.01 billion, registering a compound annual growth rate (CAGR) of 14.1% during the forecast period from 2022 to 2030.
Herbicide is another form of pesticide widely used to destroy unwanted plants and keep the desired crop relatively unaffected. Bioherbicide, on the other hand, is a type of herbicide developed by microbes for controlling the growth of undesired plants, which may affect the yield.
Factors Influencing the Market
The global bioherbicides market is primarily driven by the increasing farming practices and raising awareness about the health benefits of bioherbicides. Furthermore, the fact that bioherbicide is derived from microbes and is effective in nature will contribute to the growth of the global bioherbicides market during the forecast period.
The demand and sales of synthetic herbicides are declining as they also destroy beneficial flora in the soil. Thus, the demand for alternative and effective solutions such as bioherbicides will increase abruptly in the coming years.
The health risk associated with synthetic herbicides, such as the increased risk of cancer, birth abnormalities, and respiratory issues, will upsurge the use of bioherbicides during the study period. The market is also driven by the stringent regulation imposed by governments in various countries to promote organic farming. As a result, it will fuel the growth of the global bioherbicides market during the forecast period.
The growing range of R&D activities and rapidly rising food and beverage industry will also escalate the growth of the global bioherbicides market during the forecast period. However, the low shelf life of bioherbicides may restrict the growth of the global bioherbicides market during the forecast period.
COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for bioherbicides increased due to growth in the awareness among consumers. Moreover, the pandemic significantly highlighted the need to look over health and adopt healthy solutions, which has surged the use of bioherbicides.
Regional Analysis
North America is forecast to dominate the bioherbicides market due to favorable environmental issues and rising demand for organic farming. Further, growing initiatives by government bodies and rising consumer awareness related to the unhealthy impact of synthetic herbicides will boost the growth of the bioherbicides market during the forecast period.
The Asia-Pacific bioherbicides market is forecast to record substantial growth due to growing consciousness about the dangers associated with synthetic items.
Competitors in the Market
Emery Oleochemicals
Deer Creek Holdings
Verdesian Life Sciences, LLC
Marrone Bio Innovations Inc.
Certified Organics Australia Pty Ltd
EcoPesticides International, Inc.
Bioherbicides Australia Pty Ltd.
Hindustan Biotech
Special Biochem Pvt. Ltd.
Other Prominent Players
Market Segmentation
The global bioherbicides market segmentation focuses on Source, Formulation, Mode of Application, Application, and Region.
By Source
Microbial
Biochemical
Others (plant phytotoxic residues and other botanical extracts)
By Formulation:
Granular
Liquid
Others (pellets, dust, and powder form)
By Mode of Application
Seed treatment
Soil application
Foliar
Post-harvest
By Application:
Agricultural crops
Cereals & grains
Oilseeds & pulses
Fruits & vegetables
Non-agricultural crops
Turf & ornamentals
Plantation crops
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America