The Global Bioherbicides Market is projected to reach a value of over USD 4.22 billion by 2027 at a CAGR of 11.1%.
Conventional herbicides create a high impact on the overall crop yield resulting to major losses. Bioherbicides are the herbicides obtained from the natural organisms such as bacteria, fungi, and plant extract and minerals used for weed controlling. It is used for retarding the growth of undesirable plants similar to the conventional herbicides. These possess some superior advantages over the traditional chemical based herbicides such as higher specificity and selective targeting towards weed controlling, no negative impact on the beneficial crops and yield and also manages herbicide-resistant (HR) weed populations.
Market Driver:
Globally the demand for food is increasing, which is an outcome of growing global population. As per the Union Nation data, world population prospects 2019, the global population is projected to escalate till 8.5 billion by 2030, further rising to 9.7 billion by 2050. Herbicides are one of the prominent agricultural pest, impacting the agricultural yield and adding the overall expenses. Increase in agricultural weeds at a rapid rate resulting into reduction in plant growth and overall quality results in higher demand for alternative traditional herbicide, thus driving the demand for bioherbicides.
Herbicides/weedkillers are the synthetically manufactured pesticides used for controlling or destroying the growth of the harmful and unwanted plants. However, these pesticides often contain high degree of toxic and hazardous chemicals creating a negative impact on the environment and human life. Sometimes, exposure to certain class of herbicide may lead to genetic damages with varied physiological alterations leading to permanent deformities or even death of individual. In addition to these, herbicide can also result in unintended damage to the crops, if not used in proper manner, resulting to reduction in overall crop yield. Owing to aforementioned hazards associated with the herbicides, the demand for safer alternative is on rise, which is driving the bioherbicide market growth.
Market Restraint:
Bioherbicides are derived and processed from the living source such as fungi, bacterial, and plants, resulting into weed controlling in the environmental friendly way. However, the demand for the bioherbicides is expected to hinder in the forecast period due to high cost associated with it. Production of the herbicides formed from the biological source such as microbes results into valuable, renewable yet time consuming and expensive process, which hamper its commercialization.
The report on the bioherbicides market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) Volume (Kiloton) |
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Segments Included |
Source, Form, Application |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Bioherbicides Market, by Source
Bioherbicides Market, by Form
Bioherbicides Market, by Application
Bioherbicides Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE BIOHERBICIDES MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
