Bioherbicides Market, By Type Outlook (Bioherbicides, Bio fungicides, Bioinsecticides, Bionematicides), By Application Outlook (Natural products, Microbials, Microbial, Semiochemicals), By Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseed & Pulses), By Region Analysis - Global Analysis and Industry Forecast Report Till 2030.

Bioherbicides Market is projected to grow from $45.80 billion to $72.40 billion, at a CAGR of 9.25% in terms of revenue during the forecast period.

Bioherbicides are a type of herbicide used to kill unwanted plants. It is a biological-based control agent that uses microorganisms such as insect bacteria, fungi, and parasitic plants as active ingredients. Bioherbicides help kill weeds or inhibit the growth of unwanted weeds without harming other plants. Bioherbicides offer several advantages over synthetic herbicides that provide a high degree of specificity against target weeds and do not affect beneficial and non-target plants. It is also effective in managing herbicide-resistant weed populations, which are expected to create demand for bioherbicides during the forecast period.

Bioherbicides do not harm crops or human health in any way. They are gaining widespread popularity across the world due to the growing trend in organic farming which will increase the market driver's footprint and boost the bioherbicides market growth.

Market Dynamics:

Drivers:

A new trend has emerged with a greater focus on R&D activities to develop newer herbicide formulations. This primarily entails the development of bio-based herbicides in response to the negative impacts of chemical-based products on the environment and human health. Beyond that, pressure from device manufacturers to improve weed-resistant herbicides demonstrates continued demand for bioherbicides. As a result, herbicides benefit from the market.     

Restraints:

The effectiveness of bioherbicides is a major restraining factor hampering the growth of the market. Bioherbicides lower the effects of weeds under the influence of environmental factors such as humidity, temperature and moisture. Bioherbicides are host-dependent and can provide partial control of only one weed species even under ideal conditions. Controlling different types of weeds therefore requires a variety of bioherbicides such as Colletotrichum coccoides used to control Abutilon theophassti and Phoma as a biological control agent for Clematis vitalba. This serves to restrain the growth of the market. In addition to efficacy, concerns about the cost of bioherbicides and potential crop threats also limit their use. For example, citrus canker disease is a citrus disease caused by a bacterium called Xanthomonas. Demand for new technologies and techniques to improve the effectiveness of bioherbicides is a major challenge for the bioherbicide market.

Opportunities:

Extensive research and development by product companies to develop innovative herbicides could increase the market share of these players. Participants in the global bioherbicides market are focusing on the development of bio-based herbicides in this direction. Large corporations have spent significant amounts of money to increase their product offerings. These companies are particularly keen on developing bio-based herbicides to meet the growing demand for chemical-free produce instead of organic. Beyond that, developing products that outperform competitor products is a major growth strategy approach for major competitors in the bioherbicides market.

Key Players:

• Andermatt Group AG

• BASF SE

• Bayer AG

• Biobest Group NV

• Certis Usa LLC

• FMC Corp.

• Isagro Spa

• Koppert

• Marrone Bio Innovations Inc.

• Novozymes AS

• Nufarm Ltd.

• Phyllom BioProducts Corp.

• SEIPASA SA

• STK Bio AG Technologies

• Sumitomo Chemical Co. Ltd.

Market Segmentation:

Bioherbicides Market, By Type Outlook

• Bioherbicides

• Biofungicdes

• Bioinsecticides

• Bionematicides

Bioherbicides Market, By Application Outlook

• Natural products

• Microbials

• Microbial

• Semiochemicals

Bioherbicides Market, By Crop Type

• Cereals & Grains

• Fruits & Vegetables

• Oilseed & Pulses

Bioherbicides Market, By Region

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa (MEA)

Regional Analysis:

Asia Pacific is expected to account for the largest bioherbicides market share during the forecast period, owing to increasing demand for herbicides in terms of production and consumption. It is one of the most populous countries in the Asia Pacific region and is experiencing rapid growth due to agricultural sector development, protection of agricultural practices, pressures of modern agriculture and changes in agricultural practices. GDP growth in emerging economies coupled with rising disposable income drives market growth in the region.

Europe is expected to have the highest CAGR during the forecast period owing to government policies encouraging the development of new, effective and environmentally friendly herbicides among the important factors expected to impact the market growth. Also, the bioherbicides market is growing due to the rapid adoption of modern farming practices and integrated farming processes.

Scope of the report:

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