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.
Full Research Report On Bioherbicides Market Analysis: www.grandviewresearch.com/industry-analysis/bioherbicides-market
Further key findings from the study suggest:
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Grand View Research has segmented the global bioherbicides market on the basis of application and region:
Bioherbicides Application Outlook (Revenue, USD Million, 2014 – 2024)
Bioherbicides Regional Outlook (Revenue, USD Million, 2014 – 2024)
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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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