Bioherbicides Market is expected to reach US$ 3,889.73 million by 2028

Rapid Growth of Organic Farming is going to Escalate Bioherbicides Market Growth During 2021–2028

According to our latest market 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)," the 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. The report highlights key factors driving the bioherbicides market and prominent players and their progress in the bioherbicides market.

Bioherbicides refer to pesticides used to stop the growth of unwanted plants or weeds that absorb sunlight, water, and nutrients intended for crops and hinder their development. These herbicides contain microorganisms, including bacteria, viruses, and fungi.

Bioherbicides Market Size, by Region, 2021–2028

The rapid growth of organic farming is increasing the demand for bioherbicides. Increasing health concerns and rising adoption of organic farming methods are driving the bioherbicides market globally. For instance, according to the Research Institute of Organic Agriculture, the organic area in Asia increased by 25% in 2017 and reached almost 6.1 million hectares, which was 0.4% of the total agricultural area in the region. Along with this, various government policies supporting organic farming are fueling the growth of the bioherbicides market. For instance, the Common Agricultural Policy (CAP) of the European Union (EU) has played an essential role in developing organic farming in the region. Thus, the growing organic farming is increasing the demand 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 the well-established players constituting the majority of the bioherbicides market share.

Impact of COVID-19 Pandemic on Bioherbicides Market

The COVID-19 pandemic adversely affected the chemicals & materials industry with the shutdown of manufacturing facilities, difficulty in procuring raw materials and components, and restrictions on logistics operations. The disruptions in the supply of raw materials to manufacturers hampered bioherbicides' production. Major bioherbicide manufacturers, including domestic players, resumed their operations in late 2020 in developed and developing regions. Due to the trade related restrictions, the import and export for bioherbicides across the world had a negative impact. This led to a surge in local bioherbicide-producing companies driving the bioherbicides market. With the relaxation of government restrictions since 2021, the market is projected to grow significantly in the coming years.

The "Global Bioherbicides Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry, focusing on the global market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The bioherbicides market is segmented based on source, mode of application, application, and geography. Based on source, the market is segmented into microbial, biochemical, and others. Based on mode of application, the market is segmented into seed treatment, soil application, foliar, and others. Based on application, the market is segmented into cereals and grains, oil seeds and pulses, fruits and vegetables, turf and ornamentals, and others. Based on geography, the market is segmented into five main regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South and Central America.

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