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.
To request a sample copy or
view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/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.
View all related Reports from this Category: http://www.grandviewresearch.com/industry/bulk-chemicals
Grand View Research has
segmented the Bio-herbicides 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
Browse Press
Release of this Report @ 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
Phone: 1-415-349-0058
Toll Free:
1-888-202-9519
Email:
sales@grandviewresearch.com
No comments:
Post a Comment