According to the latest report by IMARC Group, titled “Bioherbicides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global bioherbicides market reached a value of US$ 1.85 Billion in 2020. Bioherbicides are a kind of pesticides which are used for preventing the growth of unwanted weeds or plants that consume water, sunlight and nutrients meant for crops and inhibit their growth. These herbicides comprise microorganisms such as fungi, bacteria and viruses as well as certain insects like painted lady butterfly and parasitic wasps. Additionally, they can last long enough in the soil to be effective in the succeeding growing season. Since they do not pose a risk to the crop or human health, they are being increasingly preferred by farmers over conventional herbicides.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The growing awareness about the health risks posed by the use of synthetic herbicides is the key factor driving the market growth. The chemicals present in the synthetic variants harm the crops which, if consumed, affect human health. Consumption of food produced from crops grown using synthetic herbicides is considered to escalate the risk of serious health issues such as cancer. Moreover, shifting preference of the majority of the population toward a nutritional diet is impelling the demand for organic produces, which is encouraging the practice of organic farming across the globe. Also, bio-based herbicides are a cost-effective and eco-friendly option as compared to the conventionally used herbicides, which further contributes to their demand. Apart from this, governments of several countries are encouraging the use of these herbicides which is creating a positive outlook for the market. For instance, the Government of India is providing capital investment subsidy for commercial production units manufacturing organic and bio-fertilizers under the National Project on Organic Production scheme. Additionally, advances in genetic engineering have contributed to the development of highly effective bioherbicides, thus further catalyzing the market growth. Looking forward, IMARC Group expects the global bioherbicides market to exhibit strong growth during 2021-2026.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

• Marrone Bio Innovations Inc.
• Emery Oleochemicals
• Deer Creek Holdings
• Verdesian Life Sciences
• Certified Organics Australia PTY Ltd
• Ecopesticides International, Inc.
• Special Biochem Pvt. Ltd
• MycoLogic, Hindustan Bio-Tech
• Bioherbicides Australia PTY Ltd
• Engage Agro USA

Bioherbicides Market Segmentation:

Our report has categorized the market based on region, crop type, integration and end use industry.

Breakup by Crop Type:

• Agricultural crops
• Non-Agricultural crops

Breakup by Source:

• Microbial
• Biochemical
• Others

Breakup by Mode of Application:

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

Breakup by Mode of Action:

• MOA involving photosynthesis
• MOA targeting enzymes
• Others

Breakup by Formulation:

• Granular
• Liquid
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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