The Bioherbicides Market projected to reach USD 4.33 billion by 2030 and is expected to register a CAGR of 13.4% during the forecast period from 2022 to 2030. Biopesticides are pesticides derived from natural sources such as microbes, animals, plants, and minerals. The biopesticides are considered safer and do not leave toxic residues on the crops. The growing demand for organic food, increasing awareness regarding the environmental concerns regarding the chemical herbicides are the significant drivers for the growth of the market in the last few years. The continuous product innovation and new product launches by manufacturers have created new opportunities in the market. However, the low shelf life of the product and the low availability of these products are the major restrains for the growth of the bioherbicides market.
The global market has been segmented based on source, mode of application, crop type, and region.
By source, the global market has been bifurcated into microbials, biochemicals, and others.
Based on the mode of application, the bioherbicides market has been classified as a seed treatment, foliar, soil application, and others.
Based on crop type, the global market has been categorized as cereals & grains, fruits & vegetables, oilseed & pulses, and others.
The global market has been studied with regards to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American bioherbicides industry has further been categorized as the US, Canada, and Mexico. The European bioherbicides market has been divided into Germany, France, Italy, Spain, the UK, and the rest of Europe. The market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The bioherbicides industry in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Bioherbicides Market Share (%), by Region, 2021
Source: Secondary Sources and MRFR Analysis
The market in North America is expected to dominate the market for bioherbicides during the forecast period. Increasing adoption of organic farming in the region along with the growing environmental concerns among the consumers, is driving the demand for bioherbicides in the region. Asia-Pacific is projected to register the highest CAGR during the forecast period with China, Japan, and Australia are expected to record healthy growth during the forecast period.
Global Bioherbicides Market, by Source
By Mode of Application
By Crop Type
|Market Size||USD 4.33 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Source, By Mode of Application, By Crop Type, and By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Special Biochem (India), Deer Creek Holdings (US), Emery Oleochemicals (Malaysia), Verdesian Life Sciences (US), ACO Certification Ltd (Australia), Marrone Bio Innovations (US), BHA (Australia), EcoPesticides (US), Hindustan Bio-Tech Chemicals & Fertilizers Ltd. (India)|
|Key Market Opportunities||Continuous product innovation and new product launches by manufacturers|
|Key Market Drivers||Increasing adoption of organic farming|
Bioherbicides market is projected to grow at approximately 13.4%CAGR during the assessment period (2020-2027).
Bioherbicides market is estimated to reach a valuation of approx. USD 4.33 Billion by the end of 2027.
Special Biochem (India), Deer Creek Holdings (US), Emery Oleochemicals (Malaysia), Verdesian Life Sciences (US), ACO Certification Ltd (Australia), Marrone Bio Innovations (US), BHA (Australia), EcoPesticides (US), and Hindustan Bio-Tech Chemicals & Fertilizers Ltd. (India), are some of the top players operating in the global Bioherbicides market.
Asia Pacific holds the largest share in the global Bioherbicides market, followed by North Americaand Europe, respectively.
Fruits & Vegetables is the largest application segment in the global Bioherbicides market.