Global Bioherbicides Market - 2023-20230

Global Bioherbicides Market - 2023-20230

Global Bioherbicides Market reached US$ 900.2 million in 2022 and is expected to reach US$ 3054.5 million by 2030, growing with a CAGR of 16.5% during the forecast period 2023-2030.

Increasing organic farming is a pivotal trend driving the growth of the bioherbicides market. According to the 22nd edition of The World of Organic Agriculture, published by the Research Institute of Organic Agriculture FiBL and IFOAM, in 187 countries, organic farming is practiced, and at least 3.1 million farmers use organic practices managing 72.3 million hectares of agricultural land. As more farmers transition to organic practices, the demand for natural and sustainable weed control methods, like bioherbicides, continues to rise.

The rising awareness of the environmental and health hazards linked to synthetic herbicides is prompting a shift towards eco-friendly and safer weed control solutions. Bioherbicides are gaining favor as a responsible alternative, aligning with the growing demand for sustainable and health-conscious agriculture practices. This trend reflects a broader commitment to reducing the ecological impact of herbicide use while meeting consumer preferences for safer, chemical-free food production.

Microbial bioherbicides hold a significant share of the bioherbicides market due to their effectiveness. Asia-Pacific held a significant share of the acids & and nutrients in the bioherbicides market due to its growing organic farming. According to The World of Organic Agriculture 2021, FiBL & IFOAM, in 2019, more than 5.9 million hectares in Asia were devoted to organic farming. The majority of the 1.4 million producers were located in India.

Dynamics

Increasing Demand for Organic Products

Consumers are increasingly seeking organic food products due to concerns about the potential health and environmental risks associated with synthetic chemicals. According to data released by the USDA Agricultural Marketing Service, the average retail price for organic fluid milk in 2022 increased from US$4.26 in January to US$4.56 in November, with some places, including Pittsburgh, PA, experiencing an average increase of US$1.79 year over year. Bioherbicides are seen as a way to ensure that organic products remain free from synthetic herbicide residues.

The organic food industry is growing. For instance, Abel & Cole Ltd., situated in the United Kingdom, boosted its 25% organic food orders in April 2020. Bioherbicides are derived from natural sources and are considered compliant with organic certification standards driving its market growth.

Government Initiatives

Governments often offer financial incentives, grants, or subsidies to encourage farmers to transition to or continue practicing organic agriculture. Through the programs Paramparagat Krishi Vikas Yojana (PKVY) and Mission Organic Value Chain Development for North Eastern Region (MOVCDNER), the government has been encouraging organic farming across the nation since 2015–16. To assist chemical-free organic farming in the nation, a total of Rs. 2679.96 crore has been made available under PKVY and MOVCDNER from 2015-16 till date in 2022-23.

Government support can lead to the promotion of organic products, including those grown using bioherbicides. As government support and consumer demand for organic products increase, more farmers transition to organic farming. This expansion in organic farming practices directly fuels the demand for bioherbicides.

Low Consumer Adoption and Awareness

Bioherbicides are as effective as synthetic herbicides in all situations. Their performance can be influenced by factors like weather conditions, weed species, and application methods. Farmers may be hesitant to adopt bioherbicides if they perceive them as less reliable in weed control. Many bioherbicides have a limited spectrum of weed control and are effective against specific weed species. This can restrict their applicability and may require the use of multiple products to address a range of weed types.

Bioherbicides can be sensitive to weather conditions, such as temperature and humidity. Inconsistent weather patterns can affect the performance of bioherbicides and lead to unpredictable results. Hence, the limited efficacy, narrow spectrum of activity, less shelf life lead to a low adoption rate of bioherbicides and restrain their market growth.

Segment Analysis

The global bioherbicides market is segmented based on type, formulation, mode of application, mode of action, application and region.

Effectiveness and Broad-Spectrum Activity of Microbial Bioherbicides

Microbial bioherbicides, which contain live microorganisms, such as bacteria or fungi, are known to be effective in controlling a wide range of weed species. They work by infecting and causing diseases in the target weeds, leading to their suppression or death. Many microbial bioherbicides exhibit a broad spectrum of activity, meaning they can target and control various weed species. This versatility is a key advantage for farmers as it allows them to manage multiple weed types with a single product.

The Expert Group on Biopesticides, a division of the Organisation for Economic Co-operation and Development (OECD) Working Party on Pesticides, hosted the OECD Conference on Innovating Microbial Pesticide Testing from September 13–16, 2022, in Paris, France. The conference's main objective was to come to an agreement on and start implementing a work plan to improve the current test guidelines for microbial pesticides, which are defined as ""microorganisms (e.g., bacteria, fungi, viruses) that are used to control a wide range of agricultural pests, including plant disease-causing microorganisms, fungi, insects, and weeds.""

Geographical Penetration

Asia-Pacific’s Growing Organic Farming

Asai-pacific has a robust agriculture sector. According to the International Labour Organisation, in the Asia-Pacific area, agriculture employed 563 million people in 2021. This large-scale agriculture industry demands large amounts of various agricultural products including herbicides. The need for effective and sustainable weed control methods in agriculture has driven the demand for bioherbicides.

The demand for organic products is growing in Asia-Pacific. According to APEDA, Ministry of Commerce and Industry, around 2.9 million MT of certified organic products were produced in India (2022-23), including all types of food products such as oil seeds, sugar cane, cereals and millets, cotton, pulses, aromatic & medicinal plants, tea, coffee, etc. Bioherbicides are preferred for organic farming due to their compatibility with organic certification standards.

Competitive Landscape

The major global players include Certis USA L.L.C., Corteva, Pro Farm Group Inc., Emery Oleochemicals, Herbanatur, Inc, Green Vision Life Sciences, Aristo Biotech, BioSafe Systems, LLC, WestBridge, AlphaBio Control

COVID-19 Impact Analysis

COVID Impact

The pandemic disrupted global supply chains, impacting the production and distribution of agricultural inputs, including bioherbicides. Delays in the availability of bioherbicide products could have affected farmers' access to these alternatives. The pandemic led to labor shortages in agriculture, which influenced weed control practices. Bioherbicides, which can be labor-intensive, may have been affected differently compared to synthetic herbicides.

However, consumer Demand for Organic Products: Consumer interest in organic and chemical-free food products grew during the pandemic as people became more health-conscious. This increased demand for organic agriculture, which often relies on bioherbicides and other natural inputs Some governments introduced stimulus packages and policies to support agriculture during the pandemic. These measures may have included incentives for sustainable and organic farming practices, indirectly boosting the bioherbicides market.

Russia- Ukraine War Impact

Conflict in the region disrupted supply chains for agricultural inputs, including bioherbicides. This resulted in delays in the availability of these products, affecting farmers' access to bioherbicides. Trade disruptions and sanctions affected the import and export of agricultural products and inputs, including bioherbicides. This influenced the availability and cost of these products.

Instability and conflict in the region led to increased costs for production, transportation, and distribution. This resulted in higher prices for bioherbicides. The war impacted the agricultural activities in the region which affected the bioherbicides market growth in that region.

By Type
• Microbial
• Biochemical
• Others

By Formulation
• Granular
• Liquid
• Others

By Mode of Application
• Seed Treatment
• Soil Application
• Foliar
• Post-Harvest

By Mode of Action
• MOA Involving Photosynthesis
• MOA Targeting Enzymes
• Others

By Application
• Agricultural Crops
Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
• Non-Agricultural Crops
Turf & Ornamentals
Plantation Crops

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In March 2020, WeedOUT, a biological crop protection technology company, announced the first closure of a Series A financing sponsored by Syngenta Venture to combat weeds that are resistant to chemical herbicides like glyphosate
• In December 2022, FMC Corporation, an agricultural sciences company, and Micropep Technologies provider of micropeptide technology, announced a strategic collaboration to develop bioherbicides to manage damaging herbicide-resistant weeds that lower crop yields.
• In December 2021, Marrone Bio Innovations, Inc. acquired exclusive rights to high-performing strains of Streptomyces acidiscabies, enabling the quick commercialization of the second-generation bioherbicide MBI-006.
• In July 2023, as part of a Small Business Innovation Research (SBIR) Phase I study with the title ""Safe control of herbicide-resistant weeds with a novel natural bioherbicide platform,"" Harpe BioHerbicides received a grant from the NSF for $275,000.
• In July 2020, Seipasa, the Spanish company specializing in the development and formulation of biopesticides, biostimulants, and fertilizers for agriculture and the Technical University of Valencia (UPV), through the Mediterranean Agroforestry Institute (IAM), announced that they are working on the development of a new bioherbicide. This initiative seeks to create a synthetic pesticide substitute that is both efficient and sustainable.

Why Purchase the Report?
• To visualize the global bioherbicides market segmentation based on type, formulation, mode of application, mode of action, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of bioherbicides market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global bioherbicides market report would provide approximately 76 tables, 77 figures and 181 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies