Bioherbicides Market Research Report and Outlook by 2028

The bioherbicides sector is projected to expand from US$ 1,747.83 million in 2021 to US$ 3,889.73 million by 2028, reflecting a compound annual growth rate (CAGR) of 12.1% during this period.

Farmers are increasingly opting for bioherbicides instead of conventional herbicides due to their effectiveness during the growing season and their safety for human health and crops.

The worldwide bioherbicides market is divided into various segments based on application methods, which include soil application, seed treatment, foliar application, and others. In 2020, seed treatment emerged as the dominant segment within the bioherbicides market. This technique utilizes natural fungal compounds or active fungal ingredients to treat seeds, significantly decreasing the reliance on synthetic herbicides. Bioherbicides are composed of indigenous fungi that are eco-friendly and biodegradable, minimizing their potential for spread and persistence while also preventing soil contamination.

The global bioherbicides market is further segmented geographically into North America, Europe, Asia Pacific (APAC), South and Central America (SCAM), and the Middle East & Africa (MEA). In 2020, North America accounted for the largest share of the global market. The shift in consumer lifestyles and the rising emphasis on organic farming have spurred the demand for bioherbicides in this region. Moreover, the increasing use of bioherbicides across various crops, including cereals and grains, oilseeds and pulses, fruits and vegetables, as well as turf and ornamental plants, has contributed to the market's growth in North America. The Asia Pacific region is expected to experience the most rapid growth, followed by South and Central America.

The COVID-19 pandemic created substantial challenges for numerous industries, including the chemicals and materials sector. The bioherbicides market was impacted by the pandemic, facing challenges such as raw material shortages, labor constraints, factory closures, and operational hurdles due to safety protocols. These issues adversely affected the growth trajectory of the bioherbicides market. Nevertheless, with ongoing vaccination efforts and the resumption of business operations, the demand for bioherbicides is anticipated to rise globally in the upcoming years. Major manufacturers have restarted their operations, which is expected to restore production capacity for bioherbicides.

Key players in the bioherbicides market include 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. These companies are implementing strategies such as mergers and acquisitions, along with new product launches, to enhance their geographic reach and expand their customer bases.

To assess the global market size of bioherbicides, a combination of primary and secondary research methods was employed. Comprehensive secondary research was conducted using both internal and external sources to collect qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry stakeholders to validate the findings and gain deeper analytical insights. Participants in this research included industry experts such as vice presidents, business development managers, market intelligence managers, national sales managers, external consultants like valuation specialists, research analysts, and key opinion leaders focused on the global bioherbicides market.