bioherbicides Market

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.

Farmers prefer bioherbicides over traditional herbicides because they are effective in a productive growing season and do not threaten human health or crops.

The global bioherbicides market is categorized into different segments based on the mode of application, including soil application, seed treatment, foliar, and others. In 2020, the leading segment in the bioherbicides market was seed treatment. This method involves using natural fungal molecules or active fungal ingredients to treat seeds, thereby reducing the need for chemical-based herbicides. Bioherbicides contain native fungi that are environmentally friendly and biodegradable, which reduces their potential spread and persistence and prevents soil pollution.

The global bioherbicides market is segmented by geography, including North America, Europe, Asia Pacific (APAC), South and Central America (SCAM), and the Middle East & Africa (MEA). In 2020, North America held the largest share of the global market. The changing consumer lifestyle and the increasing focus on organic farming have driven the demand for bioherbicides in North America. Additionally, the growing application of bioherbicides in various crops, such as cereals and grains, oilseeds and pulses, fruits and vegetables, turf, and ornamentals, has further fuelled market growth in this region. The Asia Pacific region is anticipated to witness the fastest growth, followed by South and Central America.

The COVID-19 pandemic posed significant challenges for various industries, including the chemicals and materials sector. The bioherbicides market was also affected by the pandemic, as it faced issues such as shortage of raw materials and labor, factory shutdowns, and operational difficulties due to COVID-19 safety protocols. These factors negatively impacted the growth of the bioherbicides market. However, with the ongoing vaccination drives and the resumption of business activities, the demand for bioherbicides is expected to increase globally in the coming years. Key manufacturers have resumed their operations, leading to the restoration of production capacity for bioherbicides.

Seipasa; Bioherbicides Australia; Green Vision Life Sciences; Marrone Bio Innovations, Inc.; Valent Biosciences LLC; Weedout Ltd.; Aristo Bio-Tech and Lifescience Ltd; BIOSTADT India Limited; BASF SE; and Hindustan Bio-Tech are among the leading players in the bioherbicides market. These companies are adopting strategies such as mergers & acquisitions and product launches to expand their geographic presence and consumer bases.

To determine the global market size of bioherbicides, both primary and secondary sources were utilized in the research process. Extensive secondary research was conducted using internal and external sources to gather qualitative and quantitative information related to the market. Additionally, numerous primary interviews were carried out with industry participants to validate the data and obtain further analytical insights into the subject. The participants in this process included industry experts such as VPs, business development managers, market intelligence managers, national sales managers, external consultants such as valuation specialists, research analysts, and key opinion leaders specializing in the global bioherbicides market.