Microcapsules of the herbicide picloram (PLR) were formulated by a layer-by-layer (LbL) self-assembly method using the polyelectrolyte biopolymers of biocompatible chitosan (CS) and the UV-absorbent sodium lignosulfonate (SL) as shell materials. The herbicide PLR was recrystallized and characterized using XRD analysis. The obtained PLR-loaded microcapsules were characterized by using SEM, FTIR, CLSM, and ζ-potential measurements. The herbicide loading and encapsulation efficiency were also analyzed for the PLR-loaded microcapsules. The influence of LbL layer numbers on herbicide release and photodegradation rates was investigated in vitro. The results showed that the release rates and photodegradation rates of PLR in microcapsules decreased with increasing number of CS/SL self-assembly layers. The results demonstrated that polyelectrolyte biopolymer-based LbL multilayer microcapsules can be a promising approach for the controlled release of PLR as well as other pesticides with poor photostability or short half-release time.