Dublin, Nov. 06, 2018 (GLOBE NEWSWIRE) -- The "Bioherbicides Market Size, Share & Trends Analysis Report By Application (Grains & Cereals, Oil & Seeds, Fruits & Vegetables, Turf & Ornament), By Region, Competitive Landscape, And Segment Forecasts, 2018 - 2024" report has been added to ResearchAndMarkets.com's offering.

The global bioherbicides market size is expected to reach USD 4.14 billion by 2024

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.

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.

Key Topics Covered:

Chapter 1 Methodology & Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources

Chapter 2 Executive Summary
2.1 Bioherbicide - Industry Summary & Key Buying Criteria

Chapter 3 Bioherbicide Industry Outlook
3.1 Market segmentation
3.2 Market size and growth prospects, 2014 - 2024
3.3 Bioherbicide value chain analysis
3.3.1 Vendor landscape
3.4 Bioherbicide market dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing consumer preference for nutritional and healthy food products
3.4.1.2 Benefits over synthetic herbicides
3.4.2 Market restraint analysis
3.4.2.1 Environmental, biological and technological limitations
3.4.2.2 Potential Health risks
3.5 Key market opportunities - prioritized
3.5.1 Integration of bioherbicides with chemical herbicides
3.6 Industry analysis - Porter's
3.7 Bioherbicide - PESTEL analysis

Chapter 4 Bioherbicide Application Outlook
4.1 Global bioherbicidemarket revenue share by application, 2015 & 2024
4.2 Grains & cereals
4.3 Oil seeds
4.4 Fruits & vegeTables
4.5 Turf & ornamental grass

Chapter 5 Bioherbicide Region Outlook 2015 & 2024

Chapter 6 Competitive Landscape

Companies Mentioned

• Hindustan Bio-tech
• Bioherbicides Australia (BHA)
• Marrone Bio Inventions
• Fitz Chem Corporation
• Emery Oleochemicals
• MycoLogic Inc
• Engage Agro USA
• HerbaNatur Inc.

For more information about this report visit https://www.researchandmarkets.com/research/zwmbp3/2018?w=12

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Related Topics: Agrochemicals and Fertilizers

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