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APAC was the largest market in 2018 and its position will remain the same during 2019-2023. Market growth in this region will be faster than the growth of the market in other geographies. Almost 44% of the overall market growth will originate from this region and China will offer maximum growth opportunities to market participants.
Some of the key findings from our herbicides market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
The effectiveness and wide availability in various forms such as gels and powders have boosted the popularity of glyphosate-based herbicides. Being one of the cheapest and environmentally safe non-selective herbicides have further increased the adoption of glyphosates for weed control. Glyphosate is a natural amino acid which is applied through foliage and plant roots to kill weeds. It finds application in several sectors including agriculture, viticulture, horticulture, silviculture, and garden maintenance. These benefits of glyphosates will increase its demand which, in turn, will drive the growth of the herbicides market.
The popularity of bio-herbicides is also increasing among farmers because of its target-specific activity and minimal side effects. They are fungal, bacterial, and viral formulations which are environment-friendly and creates low residue thereby ensuring rare resistance development and reducing the dependency on chemical pesticides. The rising awareness about harmful synthetic herbicides and increasing government support for the development of bio-based crop control chemicals will further increase the adoption of bio-herbicides. This will be a key trend that will drive the growth of the herbicides market at a CAGR of over 6% during the forecast period.
The global herbicides market is moderately concentrated. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of future growth opportunities.
The report offers a detailed analysis of several leading companies including:
The cereals and grains segment will account for the largest share throughout the next five years. Favorable subsidies on agricultural and farm products will result in an increased focus on crop production. This will result in an increase in the demand for herbicides this segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the herbicides market size.
With a complete study of the growth opportunities for companies, it has been identified that APAC will account for the largest market share throughout the forecast period. Improved farming practices, increasing population, limited land availability, the presence of favorable government policies, and technological developments are some of the factors influencing herbicides market growth in this region.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: MARKET SEGMENTATION BY CHEMICAL
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
PART 16: EXPLORE TECHNAVIO
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