Bioherbicides Market Size,Share,Industrial Analysis To 2028


Posted July 8, 2021 by nandini29

The Global Bioherbicides Market was valued at USD 1.428 Bn in 2019 and is anticipated to grow at a CAGR of 12.5% during the forecast period and reach USD 4.6 billion by 2028.

 
Bioherbicide products also are employed in gardening, maintenance of golf links, and clearing of railway tracks. This can be expected to further contribute toward the industry development in the turf and ornament sector. Various regulatory norms and policies to push organic farming are projected to extend product demand within the North America and Europe regions. However, the availability of cheap, chemical-based herbicides may hinder market growth.

Key Factors Impacting the Growth of Bioherbicides Market:Fruits and vegetables accounted for a major share of the worldwide industry and emerged as the largest application segment because of extensive product usageNorth America led the worldwide market with the highest demand share. It's estimated to expand further on account of state initiatives and high consumer awareness about health and environmental issuesAsia Pacific is anticipated to witness the largest CAGR within the coming years. Product demand in Australia is anticipated to significantly contribute to the expansion of this regionKey companies operating within 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.

https://www.quincemarketinsights.com/industry-analysis/bioherbicides-market
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Last Updated July 8, 2021