Europe Bioherbicides Market was worth USD 250 Million in 2021 and is expected to reach USD 460 Million by 2026 with a CAGR of 14.5 %. Bioherbicides market is growing tremendously owing to rising demand for organic products. Herbicide is a pesticide that is used to kill undesirable plants while keeping the desired crops intact. Bioherbicide is a kind of herbicide, which is derived from microbes. Bio herbicide are to control the growth of undesired plants of weed during yield of crop.
Driver such as rising demand for natural products decreased chemical hazards and less demanding residue management, enhanced outcomes in yield, quality, and productivity, and support from the government are propelling the market. High growth potential in developing markets and untapped regions are providing new opportunities to the market players. However, risk of chemical secretions and shortage of product to consumer in developing countries are some of the major factors hampering the market.
Microbials segment is expected to grow at highest CAGR as it provides sustainable and cost-effective yield.
Geographically, Market is further segmented into
Major Players dominating the Europe bioherbicides market are Emery Oleochemicals, Deer Creek Holdings, Verdesian Life Sciences, LLC, Marrone Bio Innovations Inc., Certified Organics Australia Pty Ltd, EcoPesticides International, Inc., MycoLogic Inc. Innovative Biologicals, Bioherbicides Australia Pty Ltd., Hindustan Bio-tech, and Special Biochem Pvt. Ltd.
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