According to TechSci Research report, “Global Herbicides Market By Type (Glyphosate; Diquat; 2,4-Dichlorophenoxyacetic acid; and Others), By Mode of Action (Selective Vs. Non-Selective), By Crop Type (Cereals & Grains; Oilseeds & Pulses; Fruits & Vegetables; and Others), By Region, Forecast & Opportunities, 2025”, the global herbicides market is expected to grow at a steady rate during the forecast period on account of the decreasing arable land. Hence, the increasing need to protect the crop growing in limited arable land is driving the growth of the market across the globe.
Important Elements of the Global Herbicides Market
Additionally, changing climatic conditions are also expected to have a positive impact on the growth of the market. Furthermore, the easy availability, low cost, and high efficiency of these herbicides have made them a popular choice among farmers, thereby propelling market growth. However, the advent of eco-friendly or organic, or bioherbicides might hamper the growth of the market during forecast years. Additionally, there are a lot of health hazards associated with the excessive use of herbicides, and stringent regulations by different government and environmental agencies on their use might impede the growth of the market across the globe. Moreover, the use of alternative methods to control weeds might also slow down the growth of the market.
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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-dichloro phenoxy acetic acid, and others. The glyphosate segment is expected to dominate the market during the forecast period since glyphosate is an effective and low-cost solution for protecting plants or crops from weeds. Additionally, glyphosate also supports the growth of plants. Also, glyphosate-based products are being increasingly used in different forms such as gel or powder for different agricultural activities thereby driving the growth of the segment.
Based on the mode of action, the market can be bifurcated into selective and non-selective. The non-selective mode of action segment is expected to dominate through 2025 the market since it is formulated for both broad leaves and grass weeds. It finds application in most vegetation types and is a preferred choice over a selective mode of application. Based on crop type, the market can be fragmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The fruits & vegetables segment is expected to dominate the market until 2025 owing to the higher crop yields and high farm profits.
The Major competitors of 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 are some of the leading players operating in the global herbicides market. The companies operating in the market are using organic strategies such as product launches, mergers, and collaborations to boost their share.
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“Asia-Pacific is expected to dominate the global herbicides market during the forecast years, owing to the increasing acceptance of modern farming techniques in the region. Additionally, rapid advancements in crop protection techniques against weeds are further expected to propel the market over the next few years. Moreover, key manufacturers are also setting up their manufacturing units in the region, which is anticipated to positively impact the market growth through 2025. Moreover, increasing demand for low-priced herbicides coupled with the surging food demand in the region to fulfill the needs of the ever-increasing population, especially in countries like India and China is expected to create lucrative opportunities for the growth of the market over the next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Herbicides Market By Type (Glyphosate; Diquat; 2,4-Dichlorophenoxyacetic acid; and Others), By Mode of Action (Selective Vs. Non-Selective), By Crop Type (Cereals & Grains; Oilseeds & Pulses; Fruits & Vegetables; and Others), By Region, Forecast & Opportunities, 2025”,” has evaluated the future growth potential of global herbicides market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global herbicides market.
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