San Francisco, 21 November 2018 - Global neem extracts market is expected to reach USD 1.32 billion by 2020, according to a new study by Grand View Research, Inc. Rising importance of biofertilizers in developed regions including North America and Europe owing to stringent government regulations on the use of chemical fertilizers is likely to boost neem extracts market over the forecast period. Moreover, neem extracts are extensively used in the manufacture of high quality herbal cosmetics and beauty products. Demand for these products is increasing globally owing to their efficiency and low side effects which are expected to result in high demand.
Biofertilizers constituted the largest application, accounting for over 70% of market revenue in 2013. Growing demand for bio pesticides and bio insecticides is likely to drive neem extracts market over the next six years. Hostile response received from consumers on the use of chemical fertilizers owing to environmental and health concerns are expected to drive the neem extracts market especially in the Europe and North America. In addition, biofertilizer growth in emerging economies including India, China and Brazil is expected to augment neem extracts market over the forecast period. However, lack of availability of raw materials in developed regions owing to unfavorable climatic conditions and high prices is anticipated to restrain neem extract market growth. To request a sample copy or view summary of this report: www.grandviewresearch.com/industry-analysis/neem-extracts-market Further key findings from the study suggest:
Global Neem Extracts Application Outlook (Revenue, USD Million, 2013 - 2020)
www.grandviewresearch.com/press-release/global-neem-extracts-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. For More Info: www.grandviewresearch.com
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