Global Herbicides Market 2019-2023

The global herbicides market size will grow by USD 8.91 billion during 2019-2023. This report provides a detailed analysis of the market by application (cereals and grains, oilseeds and pulses, and fruits and vegetables), chemical (glyphosate and others), and geography (APAC, Europe, MEA, North America, and South America). The report also analyzes the market’s competitive landscape and offers information on several herbicide manufacturers including BASF, Bayer, DowDuPont, ICL, Nutrien, and Syngenta.

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

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Global herbicides industry overview

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.

Top herbicide companies covered in this market research report

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:

• BASF
• Bayer
• DowDuPont
• ICL
• Nutrien
• Syngenta

Herbicides market segmentation based on application

• Cereals and grains
• Oilseeds and pulses
• Fruits and vegetables

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.

Herbicides market segmentation based on geographic region

• MEA
• APAC
• Europe
• North America
• South America

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.

Key highlights of the global herbicides market report for the forecast period 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the market during the next five years
• Precise estimation of the global herbicides market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industry across MEA, APAC, Europe, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of the companies

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