Bioherbicides Market: Forecasted Growth to USD 5.35 Billion by 2030


Posted April 6, 2024 by nirankammr

The Bioherbicides Market size was valued at USD 2.06 Billion in 2023 and the total Bioherbicides Market revenue is expected to grow at a CAGR of 14.6 % from 2024 to 2030, reaching nearly USD 5.35 Billion by 2030.

 
Bioherbicides Market Overview:

The purpose of this study is to provide an in-depth analysis of the Bioherbicides Market by component, application, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Bioherbicides industry. The study also provides a thorough examination of the marketโ€™s value chain.

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Bioherbicides Market Scope:

The research method used to assess and forecast the Bioherbicides market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Bioherbicides market.

Bioherbicides Market Drivers:

Rising consumer awareness about health and environmental concerns, there's a growing demand for organic products, including bioherbicides driving the growth of Bioherbicides Market. For instance, in the US, the Organic Trade Association reported a 12% increase in organic food sales in 2020. This trend is driving farmers to seek alternatives to chemical herbicides, thus boosting the market for bioherbicides. The emergence of herbicide-resistant weeds is a significant concern for farmers worldwide. As chemical herbicides become less effective, farmers are turning to bioherbicides for sustainable weed management solutions. In the US, the spread of glyphosate-resistant weeds like Palmer amaranth has prompted farmers to explore bioherbicide options such as biocontrol agents and allelopathic crops.
Developing countries are witnessing rapid expansion in agriculture to meet the growing food demand of their populations. With a focus on sustainable farming practices, farmers in these regions are increasingly adopting bioherbicides. For instance, in India, the government's initiatives to promote organic farming and reduce chemical inputs are driving the adoption of bioherbicides among farmers.


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Bioherbicides Market Segmentation:

by Source

Microbial
Biochemical
Others

by Formulation

Granular
Liquid
Others

by Mode of Application

Seed treatment
Soil application
Foliar
Post-harvest
Others

by Application

Agricultural crops
Fruits & vegetables
Non-agricultural crops
Turf & ornamentals
Plantation crops
Others

Bioherbicides Market Key Players are:

1. Marrone Bio Innovations Inc. (MBI), Davis, California, USA
2. Valent BioSciences Corporation, Libertyville, Illinois, USA
3. Certis USA LLC, Columbia, Maryland, USA
4. BioWorks Inc., Victor, New York, USA
5. MycoLogic Inc., Corvallis, Oregon, USA
6. Engage Agro USA, Greenville, South Carolina, USA
7. WeedGuardPlus, Petaluma, California, USA
8. Phyllom BioProducts Corporation, Houston, Texas, USA
9. Vestaron Corporation, Kalamazoo, Michigan, USA
10. Bayer CropScience, Monheim am Rhein, Germany
11. Syngenta, Basel, Switzerland
12. Isagro S.p.A, Milan, Italy
13. Andermatt Biocontrol AG, Grossdietwil, Switzerland
14. AgBioResearch Srl, Italy
15. Hindustan Bio-Tech, Bangalore, India
16. Camson Bio Technologies Limited, Bangalore, India
17. Bharat Group, India
18. UPL, India
19. BASF India, India
20. Sumitomo Chemical India

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Bioherbicides Market Regional Analysis:

Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.

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Key Questions Answered in the Bioherbicides Market Report are:

Which segment had the largest share in the Bioherbicides market?
How is the competitive scenario of the Bioherbicides market in 2020?
Which are the key drivers impacting the Bioherbicides market growth?
Which region holds the maximum share in the Bioherbicides market?
What will be the CAGR of the Bioherbicides market during the forecast period (2021-2027)?
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Last Updated April 6, 2024