Category : Chemicals and Materials | Published at : July-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The market for herbicides is expected to grow at a CAGR of around 5.1% from 2020 to 2027 and expected to reach the market value of around US$ 44,475.0 Mn by 2027.
A herbicide is a pesticide used to kill or inhibit the growth of unwanted plants like residential or agricultural weeds and invasive species. Basically, herbicides are of two types including Selective and Non-selective, where Selective kill certain targets and leave the desired crop unharmed and non-selective Herbicides used to clear the waste ground and kill all plant material with which they come into contact.
Market Dynamics
The rising adoption of better farming practices across the globe is driving the market value. The increasing production of cereals and grains in Asian countries is additionally supporting the market value. The changing climatic condition, diminishing arable land coupled with the increasing food demand is driving the market growth. The rising development of new herbicides with a specific application is additionally accelerating the market value. The growing agricultural industry in developing economies and the development of novel formulations are projected to create potential opportunities over the forecast timeframe from 2020 to 2027.
On the other hand, several stringent regulations on the use of herbicides due to hazards associated with synthetic herbicides are projected to limit the market value.
Synthetic segment is leading the global herbicides market
By origin, the synthetic segment is dominating the global herbicides market with major share (%) in terms of value. The high demand and growth of synthetic herbicides are driven by its low cost and higher efficiency. Moreover, glyphosate is the highest consumed herbicide in the global market owing to its effectiveness at low cost along with the usage in weed management and plant growth. Furthermore, the bio-based segment is projected to exhibit the fastest growth over the forecast timeframe from 2020 to 2027. The environmental and health benefits associated with the bio-based segment are accelerating the market value.
Selective segment accounted for the major share in 2019
Based on the mode of action, the selective herbicide segment is leading the market in 2019 with maximum share. The segment is leading the market due to benefits associated with its operation as it controls or suppresses different plant species without harming the growth of desirable plants.
The market research study on “Herbicides Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global herbicides market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Herbicides market, its origin, mode of action, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global herbicides market size and volume, and segment markets by origin, mode of action, application, and geography along with the information on companies operating in the market. The herbicides market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific dominated the global Herbicides market with major share
In 2019, Asia Pacific accounted for the major share, and the region is also projected to maintain its dominance over the forecast timeframe from 2020 to 2027. The huge population base coupled with the high demand for food production is driving the market value. The developing economies China and India are majorly contributing to the market value. The inclination towards the advance agricultural activities in the regional market is contributing to the market value.
The players profiled in the report include Adama Agricultural Solutions, Bayer CropScience SE, Corteva Agriscience, American Vanguard Corporation, BASF SE, FMC Corporation, Syngenta International AG, Nufarm Limited, UPL Limited, and Sumitomo Chemical Company Ltd.
Market Segmentation
Market By Origin
Synthetic
Bio Based
Market By Mode of Action
Selective
Non-selective
Market By Application
Grains & Cereals
Pulses & Oilseeds
Commercial Crops
Fruits & Vegetables
Turf & Ornamentals
Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
A herbicide is a pesticide used to kill or inhibit the growth of unwanted plants like residential or agricultural weeds and invasive species.
herbicides are of two types including Selective and Non-selective, where Selective kill certain targets and leave the desired crop unharmed and non-selective Herbicides used to clear the waste ground and kill all plant material with which they come into contact.
The herbicides market value is anticipated to be worth around US$ 44,475 Mn in 2027.
The herbicides market is anticipated to grow around 5.1% CAGR amid the forecast period 2020-2027.
The key players operating in herbicides market such as Adama Agricultural Solutions, Bayer CropScience SE, Corteva Agriscience, American Vanguard Corporation, BASF SE, FMC Corporation, Syngenta International AG, Nufarm Limited, UPL Limited, and Sumitomo Chemical Company Ltd.
Asia-Pacific is projected to be the largest markets share in the global herbicides market.
The report provides insights into the global herbicides market, its origin, mode of action, application, and major geographic regions.
