The global bioherbicides market is
expected to reach USD 4.14 billion by 2024, according to a new report by Grand
View Research, Inc. Growing eco-friendly weed killer demand on account of
increasing organic farming preference over synthetic methods is expected to
remain a key driving factor for global bioherbicides market. In addition,
sustainable crop cultivation practices development is also anticipated to
positively influence the market growth. High quality and nutritional fruit
& vegetable cultivation with the help of bioherbicides are expected to
significantly contribute towards industry development.
The shift in consumer’s trend towards nutritional and
greener diet has given rise to organically produced vegetables and food grains
demand which in turn is anticipated to drive industry growth over the forecast
period. Easy availability coupled with affordable prices of synthetic
herbicides is expected to a pose challenge to bioherbicides market. In
addition, lack of awareness among farmers is also anticipated to negatively impact
the product preference for cultivation purposes.
Fruit and vegetable sector was the leading application
segment and accounted 27.3% of total revenue in 2015. Turf and ornament segment
is anticipated to witness the highest growth of 16% from 2016 to 2024. The
product finds its application in gardening, clearing of railway tracks, gold
course maintenance which is anticipated to further contributed expand the
application base in turf and ornament sector.
Browse full research report on Global Bioherbicides Market: http://www.grandviewresearch.com/industry-analysis/bioherbicides-market
·
Global bioherbicide market was valued at USD
1.12 billion in 2015 and is expected to reach USD 4.14 billion by 2024, growing
at a CAGR of 15.7% from 2016 to 2024
·
North America was the leading regional market
and accounted for 29.5% of global revenue in 2015. Government initiatives and
increasing consumer awareness regarding health and environmental issues
particularly in the U.S. are expected to drive the regional market over the
forecast period.
·
Asia Pacific is expected to witness the highest
growth of 16.1% from 2016 to 2024. Increasing product demand in Australia is
anticipated to significantly contribute to the overall regional growth.
·
Key players operating in the global
bioherbicides industry include Bioherbicides Australia (BHA), Hindustan
Biotech, Marrone Bio Inventions, Fitz Chem Corporation, Emery Oleochemicals,
Mycologic Inc and Engage Agro USA.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/bulk-chemicals
Grand View Research has segmented the bioherbicides market
on the basis of application and region:
Global Bioherbicides Application Outlook (Revenue, USD Million,
2016 - 2024)
- Grains
and Cereals
- Oil
Seeds
- Fruits
and Vegetables
- Turf
and Ornament
Global Bioherbicides Regional Outlook (Revenue, USD
Million, 2016 - 2024)
- North
America
- U.S
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- India
- China
- Australia
- Central
& South America
- Brazil
- Middle
East and Africa
- Saudi
Arabia
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-bioherbicides-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
