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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Bioherbicides Market Trends
The increasing awareness of the health risks posed by the use of synthetic herbicides is a key driver of the bioherbicides market development. Chemicals present in synthetic varieties damage crops that, if ingested, affect human health. Consumption of food derived from crops cultivated using synthetic herbicides is known to increase the risk of serious health problems like cancer.
Moreover, changing the preference of the majority of the population to a nutritious diet is increasing the demand for organic products, which promotes the practice of organic farming throughout the globe. Bio-based herbicides are also a cost-effective and environmentally-friendly alternative compared to conventionally used herbicides, that further add to their demand. In addition, policymakers in many countries are promoting the bioherbicides demand, which is generating a favourable business outlook.
For example, the Government of India provides capital investment subsidies to commercial production units producing organic and bio-fertilizers under the National Organic Production Project Scheme. In addition, developments in genetic engineering have led to the production of highly effective bioherbicides, further fuelling the growth of the bioherbicides market.
Bioherbicides Market Report Snapshots
Bioherbicides Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global bioherbicides market attained a value of nearly USD 2.31 billion.
The market is projected to grow at a CAGR of 12.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 6.83 billion by 2032.
The major drivers of the market are the growing demand for high-quality yield, the increasing demand for the product from the ornamental gardening sector, and agriculturally-dependent emerging economies.
The key trends guiding the growth of the market include the developments in genetic engineering, the production of highly effective bioherbicides, and rising population.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant crop types using bioherbicides include agricultural crops and non-agricultural crops.
The major sources of the product are microbial and biochemical, among others.
The different applications of bioherbicides are seed treatment, soil application, foliar, and post-harvest.
The major players in the global bioherbicides market are Verdesian Life Sciences, Emery Oleochemicals, Hindustan Bio-Tech, Deer Creek Holdings, Barmac Pty Ltd, and BioHerbicides Australia, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124