The global herbicides market is expected to grow at a steady rate during the forecast period. The global herbicide market is driven by the growing production of cereals, grains, fruits & vegetables, among others.
The Important Factors of the Global Herbicides Market
This increase in production is necessary to fulfill the demand of the surging global population. Additionally, technological advancements and the adoption of advanced farming techniques such as precision agriculture, and smart plantation, among others are further expected to positively impact the growth of the market over the next few years.
The global herbicides market is segmented based on type, mode of action, crop type company, and region. Based on type, the market can be categorized into glyphosate, diquat, 2,4-dichlorophenoxyacetic acid, and others. The diquat segment is expected to hold a significant market share during the forecast years. This can be ascribed to its increased use after paraquat got banned by various environmental protection agencies. Diquat is similar in chemical properties to paraquat and is also a non-selective contact herbicide. Therefore, it is now being used as a substitute for paraquat, thereby driving the growth of the segment.
Regionally, the global herbicide market has been segmented into Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to witness significant growth during the forecast years in the overall herbicides market since the application of herbicides is not limited to agricultural fields in the region, but they are also used for weed management in lawns and forests.
Major players operating in the global herbicides market
- BASF SE, E.I
- Du Pont De Nemours and Company
- Monsanto Company
- Bayer AG
- Syngenta AG
- FMC Corporation
- Platform Specialty Products Corporation
- Nufarm Limited
- Nissan Chemical Industries Ltd.
- Drexel Chemical Company
- Adama Agricultural Solutions Ltd
- Corteva Agriscience
- American Vanguard Corporation
- Marrone Bio Innovations Inc.
- Valent Biosciences Corp
- Wilbur-Ellis Company
- Chemtura Corporation
- Cheminova A/S
- Agrium Inc.
- Element Solutions Inc., and others. The companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
The Objective of the Study:
- To analyze and estimate the market size of the global herbicides market from 2015 to 2018.
- To estimate and forecast the market size of the global herbicides market from 2019 to 2025 and the growth rate until 2025.
- To classify and forecast the global herbicide market based on type, mode of action, crop type, company, and regional distribution.
- To identify the dominant region or segment in the global herbicides market.
- To identify drivers and challenges for the global herbicides market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global herbicides market.
- To identify and analyze the profile of leading players operating in the global herbicides market.
- To identify key sustainable strategies adopted by market players in the global herbicides market.
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TechSci Research performed both primary and exhaustive secondary research for this study. Initially, TechSci Research sourced a list of herbicide manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the herbicide manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the herbicide manufacturers, distribution channels, and presence of all major players across the globe.
TechSci Research calculated the market size of the global herbicides market using a bottom-up approach, wherein data for various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives. It is externally validated by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
Key Target Audience:
- Herbicides manufacturers, suppliers, distributors, and other stakeholders
- Government bodies such as regulating authorities and policymakers
- Organizations, forums, and alliances related to herbicides
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as herbicide manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, the global herbicides market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Global Herbicides Market, By Type:
- Glyphosate
- Diquat
- 2,4-Dichlorophenoxyacetic acid
- Others
- Global Herbicides Market, By Mode of Action:
- Selective
- Non-Selective
- Global Herbicides Market, By Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
- Global Herbicides Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
- North America
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global herbicides market.
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Table of Content
- Product of Interest (POI): Herbicides – An Introduction & Description of the POI
- Research Methodology
- Impact of COVID-19 on Global Herbicides Market
- Executive Summary
- Voice of Customer
5.1. Usage & Applicability Analysis
5.2. Brand Awareness & Preference
5.3. Factors influencing purchase decision
5.4. Challenges faced post purchase
- Global Herbicides Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type (Glyphosate; Diquat; 2,4-Dichlorophenoxyacetic acid; and Others)
6.2.2. By Mode of Action (Selective Vs. Non-Selective)
6.2.3. By Crop Type (Cereals & Grains; Oilseeds & Pulses; Fruits & Vegetables; and Others)
6.2.4. By Region (North America; Europe; Asia-Pacific; South America; and Middle East & Africa)
6.2.5. By Company (2018)
6.3. Market Attractiveness Index (By Type; By Crop Type; and By Region)
- Asia-Pacific Herbicides Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Type (Glyphosate; Diquat; 2,4-Dichlorophenoxyacetic acid; and Others)
7.2.2. By Mode of Action (Selective Vs. Non-Selective)
7.2.3. By Crop Type (Cereals & Grains; Oilseeds & Pulses; Fruits & Vegetables; and Others)
7.2.4. By Country (China; Japan; India; South Korea; Australia; and Rest of Asia-Pacific)
7.3. Asia-Pacific: Country Analysis
7.3.1. China Herbicides Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value & Volume
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Mode of Action
7.3.1.2.3. By Crop Type
7.3.1.3. Competition Outlook
7.3.2. Japan Herbicides Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value & Volume
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Mode of Action
7.3.2.2.3. By Crop Type
7.3.2.3. Competition Outlook
7.3.3. India Herbicides Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value & Volume
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Mode of Action
7.3.3.2.3. By Crop Type
7.3.3.3. Competition Outlook
7.3.4. South Korea Herbicides Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value & Volume
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Type
7.3.4.2.2. By Mode of Action
7.3.4.2.3. By Crop Type
7.3.4.3. Competition Outlook
7.3.5. Australia Herbicides Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value & Volume
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Type
7.3.5.2.2. By Mode of Action
7.3.5.2.3. By Crop Type
7.3.5.3. Competition Outlook