Bioherbicides Market Outlook
Bioherbicides market is projected to reach USD 4.3 billion by 2030, exhibiting a CAGR of 13.4% from 2023 to 2030.
The Global Bioherbicides Market has been segmented by Source, Application, Formulation, mode of Application and Region.
By Source, the Global Bioherbicides Market has been segmented into microbial, biochemicals, and others. The biochemicals segment is leading the market and are largely preferred as compared to microbial herbicides and beneficial insects as it controls pests by non-toxic mechanism. Although, the microbial herbicides are cost-effective, exposure to UV radiation reduces the effectiveness of microbial pesticides and therefore is not preferred.
Based on the Application, the Bioherbicides market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, turfs & ornaments, and plantation crops. The increasing demand for nutritious food due to the consumer awareness coupled with the increasing rate of working population drives the demand for biopesticides. The fruits & vegetables segment lead the market as they are highly perishable and therefore prone to get damaged at a faster rate.
On the basis of the Formulation, the market is segmented into granular, liquid, pellets, and others. the liquid formulation of bioherbicides are preferred due to their ease of application and effectiveness. These formulations mix well with the water and attack the target for a long time. Dry formulations, such as granular and pellets are generally sold as ready-to-use products (dusts) or concentrate forms that must be mixed with water when applied. They are not highly preferred as they drift off the target easily and hence are not reliable.
By mode of Application, the market has been segmented into seed treatment, soil application, foliar, and post-harvest. Foliar spray is dominating the global market as the plants are able to absorb essential elements through their leaves, bark, stomata, and epidermis in this method. It is a method of feeding plants by applying liquid fertilizer directly to the plants, especially to the leaves. Use of foliar spray technique reduces the risk of damage to the non-targeted parts from application of fertilizer. This technique offers persistent spraying of organic droplets on leaf surface and an increased uptake of nutrients by the plants.
CompetitiveAnalysis:
Some of the manufacturers operating in the Global Bioherbicides Market share are Emery Oleochemicals (Malaysia), Deer Creek Holdings (US), Verdesian Life Sciences (US), Marrone Bio Innovations (US), ACO Certification Ltd (Australia), EcoPesticides (US), BHA (Australia), Special Biochem (India), and Hindustan Bio-Tech Chemicals & Fertilizers Ltd. (India).
Regional Analysis:
Regionally, the global market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific dominated the market with a major market share in 2017 due to the presence of agricultural driven countries such as India, China, Thailand, Malaysia, and others.
North America accounted for the second largest market share due to the extensive production of crops such as barley, corn, cotton, oats, peanuts, rice sorghum, soybeans, and wheat in this region.
The European region is likely to witness a significant growth owing to the rising demand for organic food products to drive the demand for seed treatment in the region.
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