Bioherbicides Market Expected to Surge to US$ 3054.5 Million by 2031 | Certis USA L.L.C., Corteva, Pro Farm Group Inc.

Bioherbicides Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Bioherbicides market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Bioherbicides market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Bioherbicides Market reached US$ 900.2 million in 2022 and is expected to reach US$ 3054.5 million by 2031, growing with a CAGR of 16.5% during the forecast period 2024-2031.

What is Bioherbicides Market?

The bioherbicides market centers on natural, environmentally friendly herbicides derived from microorganisms, plant extracts, or other organic substances. Unlike synthetic herbicides, bioherbicides target specific weeds without harming surrounding crops, making them valuable in sustainable agriculture. Their demand is increasing due to rising concerns over chemical herbicide residues, environmental safety, and a push toward organic farming. Key applications include crop protection, turf management, and landscape maintenance.

Growth Driver

Increasing Demand for Organic Products

As consumers grow more concerned about the health and environmental risks linked to synthetic chemicals, there is a rising demand for organic food products. According to data from the USDA Agricultural Marketing Service, the average retail price for organic fluid milk climbed from $4.26 in January 2022 to $4.56 by November of the same year, with cities like Pittsburgh, PA, seeing a significant year-over-year increase of $1.79. In this context, bioherbicides are emerging as a promising solution to help maintain the integrity of organic products by keeping them free from synthetic herbicide residues.

Key Players:

Profiles of some of the major players in the global Bioherbicides market, which 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, and AlphaBio Control.

Industry Development:

In July 2023, Harpe BioHerbicides was awarded a $275,000 grant from the NSF for a Phase I study under the Small Business Innovation Research (SBIR) program. The study, titled "Safe Control of Herbicide-Resistant Weeds with a Novel Natural Bioherbicide Platform," aims to develop innovative solutions for managing resistant weed populations.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Bioherbicides market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

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, Non-Agricultural Crops.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Key Features:

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➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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