Bioherbicides Market, By Mode of Application (Seed Treatment, Soil Application, Foliar, and Post-Harvest), By Source (Microbial, Biochemical, and Others (Plant Phytotoxic Residues and Other Botanical Extracts)), By Formulation (Granular, Liquid, and Others (Pellets, Dust, and Powder Form)), By Application (Agricultural Crops, Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Non-Agricultural Crops, Turf & Ornamentals, and Plantation Crops), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2030

Bioherbicides market accounted for US$ 1.74 billion in 2020 and is estimated to be US$ 6.50 billion by 2030 and is anticipated to register a CAGR of 14.2%.

Bioherbicides are a type of herbicides that is used to kill unwanted plants. They are biologically based control agents derived from microbes as the active ingredient such as insect’s bacteria, fungi, and parasitic plants etc. Bioherbicide help in suppressing the growth of undesired plants of weeds or kill the weedy plants without causing injury to other plants. Bioherbicides provides several benefits over synthetic herbicides offering a high degree of specificity of target weed, and it does not affect beneficial and non-target plants. Moreover, it is effective for managing herbicide resistance weed populations which in turn is projected to create demand for bioherbicides during the forecast period.

Impact of COVID-19 on the market

The outbreak of COVID-19 crisis has created a subsequent halt in manufacturing activities which has also affected supply chain availabilities of a variety of renewable chemicals. Additionally, current disruption in trade shall also seriously affect the availability of chemical stocks in import-dependent countries. This report will quantify the impact of this pandemic on the bioherbicides market.

Growing demand for organic products

The rise in the number of health-conscious individuals, growth in environmental concerns, and government support provided by the respective through subsidies and premium market factors are growing demand organic products in the market. This creates an opportunity for farmers across the globe to produce crops using organic methods, which further boost the global bioherbicides market. Furthermore, the bioherbicides market for organic products is rising at a significant rate due to growing consumer interest. There has been a substantial change in the preferences and eating habits of people, worldwide. The organic food products industry is also projected to benefit from financial aids, subsidies, and R&D programs conducted by different government and non-government organizations- APEDA (Agricultural & Processed Food Products Export Development Authority) (India), FiBL (Switzerland), and the United States Department of Agriculture (USDA) (US)-to help traditional farmers shift to organic farming. Thus, growth in the organic food market is triggering the demand for bioherbicides, coupled with organic manures.

Advances in genetic engineering

Bioherbicide finds application in the industries of leisure and crop control chemicals. For example, bioherbicide is useful to treat the golf course as well as other grass types. Alternaria Eichhorniae is utilized to control the growth of water hyacinth and Phytophthora plamivora help in controlling milkweed units in citrus orchards. Thus, advances in genetic engineering create a major opportunity for the bioherbicide market as the new generation bioherbicide will be more effective against weeds.

However, biological and environment restriction is a major factor expected to hamper the market growth during the forecast period. Lack of skilled manpower and cost-effectiveness of synthetic herbicides over bioherbicides is another factor projected to restrain the growth of the target market.

The global bioherbicides market is segmented based on the mode of application, source, formulation, application, and region.

On the basis of the mode of application, the global bioherbicides market is segmented into seed treatment, soil application, foliar, and post-harvest. Based on the source, the target market is segmented into microbial, biochemical, and others (plant phytotoxic residues and other botanical extracts). Based on the formulation, the target market is classified into granular, liquid, and others (pellets, dust, and powder form). Based on the application, the target market is classified into agricultural crops, cereals & grains, oilseeds & pulses, fruits & vegetables,non-agricultural crops, turf & ornamentals, and plantation crops.

Regional Insights:

The global bioherbicides market accounted for US$ 1.74 billion in 2020 and is estimated to be US$ 6.50 billion by 2030 and is anticipated to register a CAGR of 14.2%. In the region, the global bioherbicides market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently, Asia Pacific aids most of the demand for bioherbicide and is expected to register the highest CAGR of rate in the upcoming years owing to the growing demand for high quantity and a quality yield. Agriculture-dependent and vastly populated emerging economies of India and China are the most protruding country-wise markets for bioherbicide in the region of Asia Pacific. While, Australia, Japan, Taiwan, and South Korea are also projected to witness a surge in demand over the forecast period. The North America market for bioherbicide is supported by the demand from crop protection chemicals and ornamental gardening industry

The key players operating in the global bioherbicides market include Marrone Bio Innovations, Inc., Emery Oleochemicals, Deer Creek Holdings, Ecopesticides International, Inc., Special Biochem Pvt. Ltd., Verdesian Life Sciences, Bioherbicides Australia, HerbaNatur, Inc., and Engage Agro. The key players involved in bioherbicides market comprises a network of raw material supply; research and product development; bioherbicide manufacturing; distribution and sale. The companies are further involved in launching innovative organic farming techniques for sustainable crop cultivation.

• Marrone Bio Innovations, Inc
• Emery Oleochemicals
• Deer Creek Holdings
• Verdesian Life Sciences
• Ecopesticides International, Inc.
• Special Biochem Pvt. Ltd
• Bioherbicides Australia
• HerbaNatur Inc.
• Engage Agr