The scope of our recent study on " Bioherbicides Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Source (Microbial, Biochemicals, and Others), Mode of Application (Seed Treatment, Soil Application, Foliar, and Others), and Application (Cereals and Grains, Oil Seeds and Pulses, Fruits and Vegetables, Turf and Ornamentals, and Others)" includes the factors fuelling the market growth; revenue estimation, forecast, and market share analysis; and the identification of significant market players and their key developments.
The bioherbicides market is expected to grow from US$ 1,747.83 million in 2021 to US$ 3,889.73 million by 2028; it is estimated to grow at a CAGR of 12.1% from 2021 to 2028.
Bioherbicides are agents that are used for controlling weeds and are either organic or biological in nature. One of the key reasons for the growing use of bioherbicides is their ability to remain effective through multiple crop cycles until all undesired plants have been eliminated.
The bioherbicides market is categorized into different application segments, including cereals and grains, oil seeds and pulses, fruits and vegetables, turf and ornamentals, and others. Among these segments, the fruits and vegetables segment was the dominant segment in 2020, while the turf and ornamentals segment is projected to witness the fastest growth. The use of bioherbicides in controlling weeds with the help of natural products, extracts, and natural biological agents like bacteria and fungi is gaining popularity. Fruits and vegetable crops are vulnerable to weed, pest, and disease attacks due to their high nutrient and sugar content and low pH values, which is why the demand for bioherbicides in this segment is increasing.
The global bioherbicides market is divided into five main regions, namely North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America (SAM). North America held the largest market for bioherbicides in 2020, followed by Europe. However, the Asia Pacific region is anticipated to experience the highest growth rate in the global market. The increasing concerns regarding health and the growing adoption of organic farming methods have contributed to the surge in demand for bioherbicides in this region. As an example, the Research Institute of Organic Agriculture reports that the organic area in Asia expanded by 25% in 2017, reaching nearly 6.1 million hectares, which represented 0.4% of the total agricultural area in the region.
Impact of COVID-19 Pandemic on Bioherbicides Market
The COVID-19 pandemic initially had an adverse impact on the bioherbicides market due to the closure of manufacturing facilities and disruptions in transportation and logistics. However, the market is recovering as governments are easing restrictions and vaccination drives are leading to increased business activities globally. The pandemic has also caused lifestyle changes, resulting in consumers making health-conscious choices while purchasing products, which has boosted the demand for healthy and organic food. As a result, there has been an increased focus on organic farming practices, leading to a positive impact on the bioherbicides market.
The chemicals and materials industry's "Global Bioherbicides Market Analysis to 2028" report is a comprehensive study that focuses on the trends in the global bioherbicides market. The report aims to provide a detailed overview of the market, including segmentation by source, mode of application, application, and geography. The bioherbicides market is categorized based on source as microbial, biochemical, and others. Based on the mode of application, the market is segmented into seed treatment, soil application, foliar, and others. The bioherbicides market is divided based on application into cereals and grains, oil seeds and pulses, fruits and vegetables, turf and ornamentals, and others. The market is segmented geographically into North America, Europe, Asia Pacific, the Middle East & Africa, and South and Central America. The demand for organic foods has increased due to a rise in health-conscious individuals and an increase in awareness regarding the adverse effects of chemical herbicides on human health. Bioherbicides, on the other hand, have no side effects on beneficial plants or human health, making them a preferred alternative. The shift in consumer preference towards healthier food products has resulted in a surge in demand for organic products, driving the bioherbicides market's growth.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com