The Bioherbicides Market size was valued at USD 2.06 Billion in 2023 and the total Bioherbicides Market revenue is expected to grow at a CAGR of 14.6 % from 2024 to 2030, reaching nearly USD 5.35 Billion by 2030.
Bioherbicides Market Overview:
The Bioherbicides Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Bioherbicides Market, as well as the causes for variances in the industry’s growth in various places.
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Bioherbicides Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Bioherbicides Market Drivers:
Rising consumer awareness about health and environmental concerns, there's a growing demand for organic products, including bioherbicides driving the growth of Bioherbicides Market. For instance, in the US, the Organic Trade Association reported a 12% increase in organic food sales in 2020. This trend is driving farmers to seek alternatives to chemical herbicides, thus boosting the market for bioherbicides. The emergence of herbicide-resistant weeds is a significant concern for farmers worldwide. As chemical herbicides become less effective, farmers are turning to bioherbicides for sustainable weed management solutions. In the US, the spread of glyphosate-resistant weeds like Palmer amaranth has prompted farmers to explore bioherbicide options such as biocontrol agents and allelopathic crops.
Developing countries are witnessing rapid expansion in agriculture to meet the growing food demand of their populations. With a focus on sustainable farming practices, farmers in these regions are increasingly adopting bioherbicides. For instance, in India, the government's initiatives to promote organic farming and reduce chemical inputs are driving the adoption of bioherbicides among farmers.
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Bioherbicides Market Segmentation:
by Source
Microbial
Biochemical
Others
by Formulation
Granular
Liquid
Others
by Mode of Application
Seed treatment
Soil application
Foliar
Post-harvest
Others
by Application
Agricultural crops
Fruits & vegetables
Non-agricultural crops
Turf & ornamentals
Plantation crops
Others
Bioherbicides Market Key Players: The key players are
1. Marrone Bio Innovations Inc. (MBI), Davis, California, USA
2. Valent BioSciences Corporation, Libertyville, Illinois, USA
3. Certis USA LLC, Columbia, Maryland, USA
4. BioWorks Inc., Victor, New York, USA
5. MycoLogic Inc., Corvallis, Oregon, USA
6. Engage Agro USA, Greenville, South Carolina, USA
7. WeedGuardPlus, Petaluma, California, USA
8. Phyllom BioProducts Corporation, Houston, Texas, USA
9. Vestaron Corporation, Kalamazoo, Michigan, USA
10. Bayer CropScience, Monheim am Rhein, Germany
11. Syngenta, Basel, Switzerland
12. Isagro S.p.A, Milan, Italy
13. Andermatt Biocontrol AG, Grossdietwil, Switzerland
14. AgBioResearch Srl, Italy
15. Hindustan Bio-Tech, Bangalore, India
16. Camson Bio Technologies Limited, Bangalore, India
17. Bharat Group, India
18. UPL, India
19. BASF India, India
20. Sumitomo Chemical India
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Bioherbicides market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
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Key Questions Answered in the Bioherbicides Market Report are:
- Which sub-segment had the largest share in the Bioherbicides market?
- How is the competitive landscape of the Bioherbicides market in 2023?
- Which are the key drivers impacting the Bioherbicides market growth?
- Which region holds the maximum share in the Bioherbicides market?
- What will be the CAGR of the Bioherbicides market during the forecast period (2023-2029)?
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