According to a new report by Expert Market Research titled, “Global Bioherbicides Market Share, Size, Report and Forecast 2024-2032″, the global bioherbicides market size reached a value of about USD 2.05 billion in 2023. Aided by the growing demand for high-quality yields and rising demand from the ornamental gardening sector, the market is projected to further grow at a CAGR of 12.8% between 2024 and 2032 to reach a value of around USD 4.22 billion by 2032.
Bioherbicides are biological agents that are used to control the growth of weeds. They are typically formulated with specific microorganisms such as fungi, bacteria, and viruses that target certain weed species without harming crops or the environment. Unlike chemical herbicides, bioherbicides leave no harmful residues and are non-toxic to humans and wildlife, making them an environmentally friendly option for weed management.
The pressing demand for sustainable agricultural practices is aiding the bioherbicides market growth. With the rising awareness regarding the environmental and health hazards linked with synthetic herbicides, there has been a pronounced shift towards bio-based alternatives. The bioherbicides market demand has thus been invigorated by the global thrust towards eco-friendly agricultural products.
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Furthermore, the increased investment in agricultural research and development has played a pivotal role in shaping the bioherbicides market trends. These investments have fostered the discovery of new microbial strains capable of controlling a wider array of weed species. With the rigorous testing and introduction of these strains into the market, bioherbicides are gradually closing the efficiency gap between them and their chemical counterparts.
In addition, stringent regulations and bans imposed on specific chemical herbicides due to their environmental and health implications have nudged farmers towards adopting bioherbicides. This regulatory environment, coupled with the mounting evidence regarding the efficacy of bioherbicides, is cementing its pivotal role in sustainable agriculture.
Another element propelling the bioherbicides market demand is the rising demand for organic produce among consumers. With a significant surge in health consciousness and a discerning preference for chemical-free products, consumers are actively seeking crops grown without the use of synthetic herbicides. This has heightened the demand for bioherbicides as the go-to solution for organic farmers.
In terms of applications, the bioherbicides market analysis indicates a diversification beyond just agriculture. Horticultural sectors, public landscapes, home gardens, and golf courses are now emerging as significant users of bioherbicides, further enhancing its market appeal.
Moreover, the innovations in bioherbicides formulations, providing farmers with ready-to-use products, have significantly simplified the application process. With easier application methods and training provided by bioherbicides producers, the apprehensions associated with the adoption of new agricultural technologies are slowly diminishing.
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Market Segmentation
The market can be divided based on crop type, source, application, mode of action, formulation, and region.
Market Breakup by Crop Type
• Agricultural Crops
• Non-Agricultural Crops
Market Breakup by Source
• Microbial
• Biochemical
• Others
Market Breakup by Application
• Seed Treatment
• Soil Application
• Foliar
• Post-Harvest
Market Breakup by Mode of Action
• MOA Involving Photosynthesis
• MOA Targeting Enzymes
• Others
Market Breakup by Formulation
• Granular
• Liquid
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global bioherbicides market. Some of the major players explored in the report by Expert Market Research are as follows:
• Verdesian Life Sciences
• Emery Oleochemicals
• Hindustan Bio-Tech
• Deer Creek Holdings
• Barmac Pty Ltd
• BioHerbicides Australia
• Others
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