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.
 |
| U.S. bioherbicides market revenue by application, 2014-2024, (USD Million) |
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: 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: 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 By Grand View Research: www.grandviewresearch.com/press-release/global-modified-starch-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.
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