Bioherbicides Market Forecasts to 2028 - Global Analysis By Formulation (Granular, Liquid, Other Formulations), Source (Microbials, Biochemicals), Action, Mode of Application, and By Geography

According to Stratistics MRC, the Global Bioherbicides Market is accounted for $1,769.54 million in 2022 and is expected to reach $3,966.59 million by 2028 growing at a CAGR of 14.4% during the forecast period. Bio herbicides are applied in an effort to overcome disease restraints by regularly dispersing an abundant supply of virulent inoculums onto a susceptible weed population. Bio herbicide research directed towards tropical weeds has only recently commenced with active programs but Biological control is usually limited to one or a few closely related species and as such cannot now be considered as an alternative to broad range chemical herbicides, but should be considered as a complementary strategy in integrated weed management systems.

China is the world's leading exporter country of herbicides, anti-sprouting agents and plant-growth regulators. In 2020, the East Asian country exported over 1.2 million metric tons of these products, with a value of 3.1 billion U.S. dollars. Ranking second was the United States, which exported some 1.5 billion U.S. dollars of herbicides. That year, Canada was the top importing country of herbicides, anti-sprouting products and plant-growth regulators worldwide, with an import value that amounted to 836.4 million U.S. dollars.

Market Dynamics:

Driver:

Growing health concern and harmful effect of chemical pesticides

Chemical herbicides reduce the fertility of soil, pollute the underground water, and cause unfavourable health effects including cancer, birth defects, and disruption of the hormone system. Damaging effects of chemical herbicides on human health and environment is accelerating the order of bioherbicides. Moreover, the Secretariat of Environment and Natural Resources (SEMARNAT), Mexico's Environment Ministry, has announced that glyphosate-based herbicides will be phased out of use in the country to protect human health and the environment.

Restraint:

Sub-optimal Commercialization of Product

The short adoption rate of product compared to chemical agri-inputs in developing nations can hamper the growth of the market. The traditional and conventional agri-inputs market is well-planned at a global level with a prominent presence of key giants. However, the bio pesticides are considered by several start-ups that struggle with adequate funding, appropriate infrastructure, and market penetration.

Opportunity:

Increasing demand for organic products

Owing to increasing customer demand, the bio herbicide market for organic products is increasing in a hurry. The growth in demand for organic foods is frequently due to an increase in the number of health alert people, an increase in environmental concerns, and government support in the form of subsidies and premium market conditions. Farmers all across the world will be able to create crops by means of organic methods, which will propel the bioherbicide market even more. Subsidies, financial aid, and R&D programmes run by various government and non-government organizations, such as APEDA (Agricultural & Processed Food Products Export Development Authority) in India, and the United States Department of Agriculture (USDA), are anticipated to benefit the organic food market. As the organic food sector grows, so does the demand for bioherbicides and organic manures, which are both required for organic cultivation.

Threat:

Effectiveness and high cost of bioherbicides

The effectiveness of bio herbicide is the main limiting factor that threatens the growth of market. Microbial bioherbicides are exaggerated by environmental factors such as humidity, temperature, and moisture which in turn lower the collision of bioherbicides on weeds. Bioherbicides are host specific and provide partial control of only one weed species, even under ideal conditions. Accordingly, to control different types of weed, large variety of bioherbicides are required such as Colletotrichum coccoides used to control Abutilon theophassti and Phoma is used as a biological control manager of Clematis vitalba. This acts as a threat for the growth of market. In addition to efficiency, price of bioherbicides and concerns about potential crop threats are also limiting the use of bioherbicide.

COVID-19 Impact

The epidemic of corona virus impacted the growth of bioherbicides market. Industries are shuttered all around the world and people stuck in their houses due to lockdown. Interference of supply chain led enormous losses to the farmers. Late deliveries of agricultural products impacted the farmers which in turn hampered the growth of bioherbicides market.

The source segment is expected to be the largest during the forecast period

Source segment is classified into Microbials, Bio chemicals and Other Sources. Microbial bioherbicides contain microorganisms as the main active ingredient that controls the growth of weeds. Microbials can organize many changed kinds of weeds, where it can still be specific to a particular weed. The main microbial weed controlling fungi include coelomycetes, hyphomycetes, agaricomycetes, ascomycetes, and oomycetes. Microbial bioherbicides consists of bacteria, viruses, fungi and convinced insects attacks the defense genes of the weeds, thereby killing it. Microbial bioherbicides are host specific and will reside on the soil or weed host, while a business chemical herbicide would require to be reapplied to the crop. The capability of microbial herbicides to attack the unwanted plants and weeds without harming the crop plant is augmenting the growth of bioherbicides market.

The application segment is expected to have the highest CAGR during the forecast period

Based on the application, agricultural crops dominate the bioherbicides market with a share in the bioherbicides market. The increasing population has raised the demand of cereals, oilseeds, and vegetables within turn boosts the use of bioherbicides for better crop yield. The Organization for Economic Co-operation and Development has forecasted that global cereal production is projected to expand, subsequently augmenting the growth of bioherbicides market. Due to the widespread use of bioherbicides in the cultivation of fruits and vegetables, the segment is likely to withhold a strong position from. The growing demand for fruits and vegetables, combined with the growing popularity of organic herbicides for farming, is expected to drive segmental growth. The agriculture crops segment use bio-herbicides for agriculture crops that are mainly related to the food and fibre sectors. Researchers are increasingly focusing on introducing bio-herbicides made from several fungi, bacteria, and viruses to control the growth of weeds

Region with highest share:

North America captured the global bio herbicides market share is expected to keep hold of its supremacy during the forecast period. The growth in demand for bioherbicides throughout the region is due to the improved responsiveness regarding environmental protection concerns and organic farming. The rising initiatives for increasing consumer awareness regarding the environment and health are projected to play a key role in the region's development, particularly in the US and Canada. Consumers are becoming conscious about what they eat and drink and prefer organic food products. The consumption of organic food items has become fashionable in the past few years due to the rising awareness regarding a healthy diet, which led to the improved focus on organic farming. The main reasons for the boost in demand for organic food are growth in the number of health-conscious individuals, increased environmental concerns, and maintain provided by the individual governments through subsidies and quality market environments.

Region with highest CAGR:

The bio herbicides market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The growing agricultural practices and requirement of high-class agricultural produce are planned to boost the bio herbicides market in this region. The increasing attention of the population in developed countries for biologically grown food products is also anticipated to support the demand for bio herbicides in numerous crop applications such as pulses, cereals, grains, and oilseeds. The government organizations in loads of countries are promoting the use of bio herbicides to protect the environment. The Asia Pacific bio herbicides market is disjointed among multinational companies and various small-scale manufacturers which produce bio herbicides depending on the crops cultivated, Bio herbicide market in owing to the extensive demand for quality yield and in high quantity. Growing population in the region coupled with countries extensive dependence upon agriculture and increasing awareness pertaining to the environmental hazards occurring due to use of synthetic products are the key aspects fuelling the rise of bio herbicides market in this region.

Key players in the market

Some of the key players profiled in the Market include Bayer Crop Science AG, BASF SE, Syngenta, Monsanto, Dow AgroSciences, DuPont, Marrone Bio Innovations Inc., Novozyme Biological, Emery Oleochemicals, Andermatt Biocontrol AG, Ecopesticides International, Inc., ISAGRO Agrochemicals Pvt. Ltd., Jiangsu Dongbao Agrochemical Co., Ltd, Valent Biosciences Corp, Special Biochem Pvt. Ltd, Mycologic Inc., Verdesian Life Sciences, Seipasa, Hindustan Bio-Tech, HerbaNatur Inc.

Key Developments:

In April 2020, Syngenta AG along with Novozyme announced the launch of its unique bio

fungicide, TAEGRO in the Latin American and European markets.

In April 2020, Marrone Bio Innovations Inc launched a bio-based plant health product Pacesetter™. Pacesetter acts synergistically with conventional fungicides to improve plant health and vigor.

In June 2021, Marrone Bio Innovations entered into a partnership with ATP Nutrition of

Manitoba, Canada to distribute Stargus Bio fungicide on Canadian broad acre crops,

primarily canola, dry beans, peas, soybeans, and sunflower.

Action Covered:

• Mode of Action Involving Photosynthesis
• Mode of Action Targeting Enzymes
• Other Mode of Actions

Formulation Covered:

• Granular
• Liquid
• Other Formulations

Source Covered:

• Microbials
• Biochemicals
• Other Sources

Mode of Application Covered:

• Seed Treatment
• Soil Application
• Foliar
• Post-Harvest

By Crop Type Covered:

• Arable crops
• Permanent Crops
• Other Crop Types

Application Covered:

• Agricultural Crop Type
• Non-Agricultural Crop Type
• Pastures and Forage Crops
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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