San Francisco, 26
September 2018: The global bioherbicides market size is expected to reach USD 4.14 billion by 2024,
according to a new report by Grand View Research, Inc. The market is estimated
to expand at a strong CAGR of 15.7% during the forecast period. Increasing
preferences for organic farming along with rising consumption of eco-friendly
weed control products is projected to drive the market in the near future.
Innovations in organic
farming practices for sustainable crop cultivation are also expected to bolster
the market growth over the forecast period. Shifting consumer preference toward
greener and nutritional diet is fueling the demand for organically produced
food grains and vegetables, which, in turn, will boost the market growth.
Bioherbicide products
are also used in gardening, maintenance of golf course, and clearing of railway
tracks. This is expected to further contribute toward the industry development
in turf and ornament sector. Various regulatory norms and policies to promote
organic farming are projected to increase product demand in the North America
and Europe regions. However, availability of cheap, chemical-based herbicides
may hinder the market growth.
Access Research Report
of Bioherbicides Market@ www.grandviewresearch.com/industry-analysis/bioherbicides-market
Further key findings from the study suggest:
· The global bioherbicides market was valued
at USD 1. 28 billion in 2016 and is anticipated to reach USD 4.14 billion by
2024, expanding at a CAGR of 15.7% over the forecast years
· Fruits and vegetables accounted for over
27% of the global industry in 2015 and emerged as the largest application
segment due to extensive product usage
· North America led the global market in 2015
with a demand share of 29.5%. It is estimated to expand further on account of
government initiatives and high consumer awareness about health and environmental
issues
· Asia Pacific is anticipated to witness the
highest CAGR of 16.1% in the coming years. Product demand in Australia is
anticipated to significantly contribute to the growth of this region
· Key companies operating in the industry are
Bioherbicides Australia (BHA); HerbaNatur Inc.; Hindustan Biotech Ltd.; Fitz
Chem Corp.; Marrone Bio Innovations Emery Oleochemicals; Engage Agro USA; and
Mycologic, Inc.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/bulk-chemicals
Grand View Research has
segmented the global bioherbicides market on the basis of application and
region:
Bioherbicides Application Outlook (Revenue, USD Million,
2014 - 2024)
·
Grains and Cereals
·
Oil Seeds
·
Fruits and Vegetables
·
Turf and Ornament
Bioherbicides Regional Outlook (Revenue, USD Million,
2014 - 2024)
·
North America
o
U.S
o
Canada
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
India
o
China
o
Australia
·
Central & South America
o
Brazil
·
Middle East and Africa
o Saudi Arabia
Access Press Release of
Bioherbicides Market@ 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.
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