PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464677
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464677
Bioherbicides Market size was valued at USD 1,987.32 Million in 2023, expanding at a CAGR of 13.9% from 2024 to 2032.
Bioherbicides are naturally existing or genetically modified microbes, plant diseases, or metabolites produced from plants, fungi, or bacteria that specifically target and kill weeds. Unlike conventional herbicides, bioherbicides provide an environmentally acceptable solution for weed control in agriculture, forestry, and landscaping. These biological chemicals interfere with weed growth and reproduction by a variety of methods, including reducing seed germination, root development, and photosynthesis. Bioherbicides are biodegradable, have low dangers to people, animals, and the environment, and may be used in integrated weed control techniques to promote sustainable agriculture practices and reduce dependency on synthetic pesticides.
Bioherbicides Market- Market Dynamics
Increasing demand for sustainable agricultural practices and environmentally friendly weed management solutions to propel market demand
With increased worries about the environmental effects of chemical herbicides, consumers, farmers, and regulatory authorities are increasingly seeking alternatives that decrease chemical consumption while minimizing damage to ecosystems. Bioherbicides are a potential approach that uses natural substances and microorganisms to specifically target weeds while causing less danger to human health and the environment. As a consequence, there is an increasing tendency in agriculture towards the use of bioherbicides, driven by the need for long-term weed control strategies that meet environmental and regulatory criteria.
Bioherbicides Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 13.9% over the forecast period (2024-2032)
Based on Crop Type segmentation, Agricultural Crops was predicted to show maximum market share in the year 2023
Based on application segmentation, Seed Treatment was the leading type in 2023
Based on Source segmentation, Biochemical was the leading type in 2023
Based on Mode of Action segmentation, MOA Targeting Enzymes was the leading type in 2023
Based on Formulation segmentation, Granular was the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Bioherbicides Market is segmented based on Crop Type, Application, Source, Mode of Action, Formulation, and Region.
The market is divided into two categories based on Crop Type: Agricultural Crops and non-agricultural Crops. The Agricultural Crops dominates the market. Bioherbicides are increasingly sought after for use in various crops, including cereals, vegetables, fruits, and pulses. Farmers are turning to bioherbicides to effectively manage weed growth while minimizing the use of synthetic chemicals, promoting sustainable and environmentally friendly farming practices.
The market is divided into four categories based on application: Seed Treatment, Soil Application, Foliar, and Post-Harvest. Bioherbicides as seed treatments are gaining traction due to their ability to provide targeted weed control from the earliest stages of crop growth. This demand stems from the desire to preemptively manage weed competition while promoting sustainable agricultural practices.
Bioherbicides Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
The advent of new firms and startups specializing in biotechnology and agricultural sciences brings innovation and variety to the market. Established agrochemical businesses are also investing in R&D to broaden their bioherbicide portfolios, making use of their current facilities and distribution systems. Strategic alliances and collaborations between industrial actors and academic institutions also promote information sharing and technological transfer, resulting in additional breakthroughs in bioherbicide formulations and delivery techniques. To sustain their competitive advantage in this continuously changing industry, market leaders must manage regulatory challenges while also addressing customer concerns regarding effectiveness and scalability.
In March 2024, Moa Technology and Croda International forged a strategic cooperation to address the worldwide challenge of falling food crop yields using marine research. The collaboration intends to create next-generation bioherbicides for land-based farms by integrating Croda's significant research into the maritime microbiome, conducted by its Nautilus Biosciences business in Canada, with Moa's proprietary herbicide discovery engine.
GLOBAL BIOHERBICIDES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Verdesian Life Sciences
Certified Organics Australia PTY Ltd
Deer Creek Holdings
Ecopesticides International, Inc.
Special Biochem Pvt. Ltd
Marrone Bio Innovations Inc.
Emery Oleochemicals
MycoLogic
Hindustan Bio-Tech
Bioherbicides Australia PTY Ltd
Engage Agro USA
Others