MarketResearch.biz delivers in-depth insights on the global herbicides market in its upcoming report titled, “Global herbicides Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global herbicides market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global herbicides market report has been segmented on the type, mode of action, crop type, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analysed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Herbicide is a chemical substance which is used to control undesirable vegetation and it is widely used in farming, gardening, and landscape turf management. Herbicides are further classified as non-selective and selective herbicides. Selective herbicides kill specific unwanted plants only, leaving desirable vegetation unharmed. Non-selective herbicides kills most or all plant species.
Increasing population worldwide coupled with declining number of cultivable land is a major factor expected to drive the market growth over the forecast period. Adoption of better farming practices worldwide is another factor expected to drive the growth of global herbicides market over the forecast period.
However, chemical herbicides causing environment pollution and stringent government regulation for approval process are major factor expected to limit the market growth over the forecast period.
Companies are focusing on development of novel formulations which can create opportunities for new as well as existing players operating in the global herbicides market over the forecast period.
Based on mode of action, the global herbicides market is segmented based on non-selective herbicides and selective herbicides. The non-selective herbicides segment contributes major revenue share and is expected to maintain its dominance over the over the forecast period.
North America market holds one of the major revenue share in the global herbicides market as compared to that of market in other regions. This is attributed to the presence of major manufacturers in the region. However, stringent government regulation is expected to limit the growth of the market. Europe accounts for major revenue share contribution to the global herbicides market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. Growing demand for herbicides in countries such as India, China, is expected to drive the growth of the market in the region. In addition, increasing adoption of advance technologies for crop protection against weeds is expected to support the growth of the market in the region.
Global herbicides market segmentation, by type:
- Others (Dicamba and Glufosinate)
Global herbicides market segmentation, by mode of action:
- Non-selective herbicides
- Selective herbicides
Global herbicides market segmentation, by crop type:
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
- Others (forests, and aquatic vegetation)
Global herbicides market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- The Dow Chemical Company
- BASF SE
- I. Du Pont De Nemours and Company
- Monsanto Company
- Syngenta AG
- FMC Corporation
- Platform Specialty Products Corporation
- Nufarm Limited
- Nissan Chemical Industries Ltd.
- Drexel Chemical Company
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