Herbicides Market- Global Opportunity Analysis And Industry Forecast (2017-2022)
Global herbicides market is expected to reach USD 36,204.6 million by 2022, supported by a CAGR of 6.0% during the forecast period of 2017 to 2022. Global herbicides market is mainly driven by the growing need to increase crop yield and quality, reduction of arable land, advanced agricultural practices and technologies, and increasing crop yield losses due to weeds. However, environmental and human hazards with the use of chemical herbicides, growing organic farming and demand for organic food, and the stringent government regulations hamper the growth of this market to some extent.
The global herbicides market is mainly segmented by type (chemical and biological), by mode of action (selective and non-selective), by formulation (liquid form and solid form), by mode of application (spraying, dusting, soil treatment, and others), by crop (cereals & grains, oilseeds & pulses, fruits & vegetables, turf & ornamentals, and others), and by geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
Global Herbicides Market Size, By Crop Type, 2017- 2022
Source: Meticulous Research Analysis
Geographically, the global herbicides market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further analyzed at a country level with the detailed qualitative and quantitative analysis. Latin America accounted for the major share in the global herbicides market in 2016, followed by Asia-Pacific, and Europe. The major share of the Latin American region is mainly attributed to the large arable land, increasing demand for crop yield & efficiency, adoption of new farming practices, and increasing crop yield losses due to weeds. On the other hand, Asia-Pacific region is projected to grow at a fastest CAGR during the forecast period, due to the large area under agriculture cultivation, less stringent regulations, and growing population in the region which increases the use of various pesticides for enhancing crop yield.
The key players in the global herbicides market are Bayer CropScience AG, BASF SE, Syngenta (Subsidiary of ChemChina), FMC corporation, Monsanto Company (Part of Bayer), E.I. du Pont de Nemours & Company, Nufarm Limited, Drexel Chemical Company, Arysta LifeScience Corporation (Platform Specialty Products), ADAMA Agricultural Solutions Ltd, Sumitomo Chemical Co., Ltd, UPL Limited, and Heranba Industries Ltd.
Scope of the Report
Market by Type
Market by Mode of Action
Market by Formulation
Market by Application
Market by Crop Type
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Turf & Ornamentals
Market by Geography
Rest of Europe
Rest of Asia-Pacific
Rest of World
Rest of LATAM
Middle East & Africa
Key questions answered in the report-
Which are the high growth market segments in terms of type, mode of action, formulation, application, crop type, and regions/countries?
What is the historical market for herbicides across the globe?
What are the market forecasts and estimates from the period 2015-2022?
What are the major drivers, restraints, opportunities, and trends in the global herbicides market?
Who are the major players in the global herbicides market and what share of the market do they hold?
Who are the major players in various countries and what share of the market do they hold?
What are the competitive landscapes and who are the market leaders by sub-region in the global herbicides market?
What are the recent developments in the global herbicides market?
What are the different strategies adopted by the major players in the global herbicides market?
What are the geographical trends and high growth regions/ countries?
Who are the local emerging players in the global herbicides market and how do they compete with the global players?