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 Bioherbicides Market: http://www.grandviewresearch.com/industry-analysis/bioherbicides-market
Further key findings from
the report suggest:
- 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
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.
For more information: http://www.grandviewresearch.com
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