Herbicides are pesticides used to control unwanted plants during cultivation. They are mainly used in agricultural production and turf management. The global herbicide market is expected to reach an overall market revenue of $7,998.9 million by 2025, by growing at a CAGR of 4.8% during the forecast period. They are mainly used in agricultural production and turf management.
The global herbicides market is expected to grow significantly. The requirement of using herbicides to improve agricultural productivity by killing unwanted herbs and weeds in the plantation is increasing notably. Hence, rise in demand for high agricultural productivity to meet the global food demands majorly drives the growth of the herbicides market. Increase in population and growth in disposable income of a developing region such as Asia-Pacific is also one of the significant factors that increases the demand for herbicides. However, the hazards associated with synthetic herbicides lead to stringent regulations on the use of herbicides is expected to restrict the growth of the global herbicides market. The regulations lead to increase in the demand for bio-based herbicides. Ongoing R&D in the global herbicides industry is expected to offer future growth opportunities in the market. To meet the stringent regulations and to improve efficiency of herbicides, major players invest in R&D activities to develop new herbicides.
The global herbicides market is segmented based on type, mode of action, crop type, and region. Based on type, the market is bifurcated into synthetic herbicide and bio herbicide. Based on mode of action, the market is categorized into selective and non-selective herbicide. Based on crop type, it is divided into corn, cotton, soybean, wheat, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players analyzed in this report are BASF, Bayer AG, DowDupont, Syngenta AG, FMC Corporation, Adama Agricultural Solutions Ltd, and Nufarm Ltd.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
o Atrazine
o Acetochlor
o 2,4-D
o Paraquat
o Others
o Canada
o Mexico
o France
o UK
o Italy
o Spain
o Rest of Europe
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
o Saudi Arabia
o South Africa
o Rest of LAMEA
The global herbicides market is expected to grow significantly. The requirement of using herbicides to improve agricultural productivity by killing unwanted herbs and weeds in the plantation is increasing notably. Hence, rise in demand for high agricultural productivity to meet the global food demands majorly drives the growth of the herbicides market. Increase in population and growth in disposable income of a developing region such as Asia-Pacific is also one of the significant factors that increases the demand for herbicides. However, the hazards associated with synthetic herbicides lead to stringent regulations on the use of herbicides is expected to restrict the growth of the global herbicides market. The regulations lead to increase in the demand for bio-based herbicides. Ongoing R&D in the global herbicides industry is expected to offer future growth opportunities in the market. To meet the stringent regulations and to improve efficiency of herbicides, major players invest in R&D activities to develop new herbicides.
The global herbicides market is segmented based on type, mode of action, crop type, and region. Based on type, the market is bifurcated into synthetic herbicide and bio herbicide. Based on mode of action, the market is categorized into selective and non-selective herbicide. Based on crop type, it is divided into corn, cotton, soybean, wheat, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players analyzed in this report are BASF, Bayer AG, DowDupont, Syngenta AG, FMC Corporation, Adama Agricultural Solutions Ltd, and Nufarm Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- Porter’s five forces analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future scenario of the market from 2017 to 2025 to understand the prevailing opportunities and potential investment pockets.
- Major countries in each region have been mapped according to their individual revenue contribution in the market.
- The key drivers, restrains, and opportunities and their detailed impact analyses are elucidated in the report.
- The profiles of key players competing in the herbicides industry along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
- By Type
- Synthetic Herbicide
o Atrazine
o Acetochlor
o 2,4-D
o Paraquat
o Others
- Bioherbicide
- By Mode of Action
- Selective
- Non-selective
- By Crop Type
- Corn
- Cotton
- Soybean
- Wheat
- Others
- By Region
- North America
o Canada
o Mexico
- Europe
o France
o UK
o Italy
o Spain
o Rest of Europe
- Asia-Pacific
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
- LAMEA
o Saudi Arabia
o South Africa
o Rest of LAMEA
Table of Contents
Chapter 1: INTRODUCTION
Chapter 2: EXECUTIVE SUMMARY
Chapter 3: MARKET OVERVIEW
Chapter 4: GLOBAL HERBICIDES MARKET, BY TYPE
Chapter 5: GLOBAL HERBICIDES MARKET, BY MODE OF ACTION
Chapter 6: GLOBAL HERBICIDES MARKET, BY CROP TYPE
Chapter 7: GLOBAL HERBICIDES MARKET, BY REGION
Chapter 8: COMPANY PROFILES
Executive Summary
According to this report titled, 'Herbicides market by type, mode of action, and crop type: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,' the global herbicide market size is expected to reach an overall market revenue of $7,998.9 million by 2025, by growing at a CAGR of 4.8% during the forecast period.Herbicides are a specific category of pesticides used to control unwanted plants during cultivation. They are used in agricultural production and turf management.
Rise in interest of consumers toward advanced farming practices primarily drives the growth of the global herbicide market. The farmers in India and China use herbicides to increase crop yield with minimum cost, as hiring labor is very expensive and fertile land is scarce in these countries. However, adverse health and environmental concern associated with synthetic herbicides restrains the market growth. Therefore, European Union imposed a ban on usage of various types of synthetic herbicides including glyphosate and 2,4-D. To overcome from such issues, manufacturers focus on the production of bio-based herbicides, which are composed of microorganisms such as fungi, bacteria, and insects, which target only specific weeds and do not harm actual crops. Considering the potential of bioherbicides, companies such as Bioherbicides Australia focus on R&D and commercializing bioherbicides. Myco-Tech paste and Sarritorware, two Canadian bioherbicides brands, are now commercially available.
The herbicides market is segmented based on type, mode of action, crop type, and region. By type, the market is bifurcated into synthetic herbicides and bioherbicides. Based on mode of action, it is classified into selective herbicides and non-selective herbicides. Based on crop type, it is divided into corn, cotton, soybean, wheat, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Glyphosate is the highest consumed herbicide in the prevailing market condition and also expected to retain its lead during the forecast period. The global market of glyphosate is expected to grow at a CAGR of 4.2%. Being an effective and low-cost solution, glyphosate is largely used in various applications in all geographies. Growers not only use it for weed management, but also use it for plant growth. Based on mode of action, the market is segmented into selective and non-selective herbicides. The applications segment of non-selective herbicide is more diverse than selective herbicide. In addition to weed management, the non-selective herbicides are also used for sustainable agricultural development.
Based on the crop type, the global herbicides market is segmented into corn, cotton, soybean, wheat, and others. The various advanced weed management techniques used are primarily responsible for increasing herbicide consumption in these crops.
Geographical analysis of the market revealed that North America is and will continue to be the leading consumer of herbicides till 2025 due to the trend of early adoption of technology in the developed countries of the region. In this region, the application of herbicide is not limited to the agricultural field; it is also used for the weed management in lawns and forests. In addition, North America and Asia-Pacific are expected to be the fastest growing markets at a CAGR of 3.9% and 6.5% respectively during the forecast period.
The report has profiled some of the key players of the market such as BASF, Bayer AG, DowDupont, Syngenta AG, FMC Corporation, Adama Agricultural Solutions Ltd, and Nufarm Ltd.
Key Findings forHerbicides market:
The Asia-Pacific herbicides market is projected to grow at a highest CAGR of nearly 6.5%, in terms of revenue during the forecast period.
The Europe herbicides market is anticipated to account for the highest revenue of $11,121.6 million during the forecast period.
Based on type, the synthetic herbicides segment dominated the herbicides market with a volume share of over 91% in 2017.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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