The global herbicides market size reached US$ 31.7 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 40.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.06% during 2023-2028.
Herbicides are substances utilized for destroying unwanted vegetation that may interfere with the growth and yield of desired crops. They are highly effective on perennial and parasitic weeds and closely planted crops compared to manual and mechanical weeding. They are safe on erodible and sloppy lands where tillage may promote soil and water erosions. Apart from this, they offer several benefits, such as high efficiency, easy application, cost-effectiveness, early and timely planting of crops, and lesser loss of nutrients and moisture from the soil.
2. What is the expected growth rate of the global herbicides market during 2023-2028?
3. What has been the impact of COVID-19 on the global herbicides market?
4. What are the key factors driving the global herbicides market?
5. What is the breakup of the global herbicides market based on the type?
6. What is the breakup of the global herbicides market based on the mode of action?
7. What is the breakup of the global herbicides market based on application?
8. What are the key regions in the global herbicides market?
9. Who are the key players/companies in the global herbicides market?
Herbicides are substances utilized for destroying unwanted vegetation that may interfere with the growth and yield of desired crops. They are highly effective on perennial and parasitic weeds and closely planted crops compared to manual and mechanical weeding. They are safe on erodible and sloppy lands where tillage may promote soil and water erosions. Apart from this, they offer several benefits, such as high efficiency, easy application, cost-effectiveness, early and timely planting of crops, and lesser loss of nutrients and moisture from the soil.
Herbicides Market Trends:
At present, there is a rise in the utilization of herbicides for improving agricultural productivity by killing unwanted weeds and herbs during the plantation to meet food requirements across the globe. This represents one of the key factors driving the market. Moreover, there is an increase in the employment of non-selective herbicides to clear industrial and construction sites and railway ridges worldwide. This, coupled with the escalating demand for bio-based herbicides, which control the glyphosate-tolerant crops by using the existing spraying technology, is propelling the growth of the market. In addition, key market players are extensively investing in research and development (R&D) activities to develop new herbicides. Besides this, farmers are adopting unconventional farming practices to increase the crop yield in less crop cultivable land due to a shortage of labor. In line with this, the expanding agrochemical industry around the world is offering lucrative growth opportunities to industry investors. Apart from this, governments of several countries are undertaking initiatives to educate farmers about the concentration of herbicides used in the soil. This is projected to bolster the growth of the market in the forecasted period.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global herbicides market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, mode of action and application.Breakup by Type:
- Synthetic
- Glyphosate
- Atrazine
- 2,4-Dichlorophenoxyacetic Acid
- Acetochlor
- Paraquat
- Others
- Bio-Herbicides
Breakup by Mode of Action:
- Selective Herbicides
- Non-Selective Herbicides
Breakup by Application:
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Turf and Ornamentals
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Bayer AG, Corteva Inc., Drexel Chemical Company, FMC Corporation, Heranba Industries Ltd., Nissan Chemical Corporation, Nufarm, Sumitomo Chemical Co. Ltd., Syngenta Group (China National Chemical Corporation), UPL Limited and Wilbur-Ellis Company LLC.Key Questions Answered in This Report
1. What was the size of the global herbicides market in 2022?2. What is the expected growth rate of the global herbicides market during 2023-2028?
3. What has been the impact of COVID-19 on the global herbicides market?
4. What are the key factors driving the global herbicides market?
5. What is the breakup of the global herbicides market based on the type?
6. What is the breakup of the global herbicides market based on the mode of action?
7. What is the breakup of the global herbicides market based on application?
8. What are the key regions in the global herbicides market?
9. Who are the key players/companies in the global herbicides market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Herbicides Market
6 Market Breakup by Type
7 Market Breakup by Mode of Action
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- BASF SE
- Bayer AG
- Corteva Inc.
- Drexel Chemical Company
- FMC Corporation
- Heranba Industries Ltd.
- Nissan Chemical Corporation
- Nufarm
- Sumitomo Chemical Co. Ltd.
- Syngenta Group (China National Chemical Corporation)
- UPL Limited
- Wilbur-Ellis Company LLC.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 31.7 Billion |
| Forecasted Market Value ( USD | $ 40.8 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
