Herbicides Market to Grow with a CAGR of 6.49% through 2030

Expanding adoption of modern farming practices and research & development of innovative herbicides is expected to drive the Global Herbicides Market growth in the forecast period, 2026-2030.

According to TechSci Research report, “Herbicides Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the Global Herbicides Market stood at USD 42.15 Billion in 2024 and is anticipated to grow with a CAGR of 6.49% in the forecast period, 2026-2030. The global herbicides market is driven by several key factors. Advanced farming practices and technology, along with the rising need for high-quality agricultural yield, have significantly contributed to the market's growth. Additionally, population growth and urbanization are driving the demand for increased agricultural production, which in turn fuels the need for effective herbicides. Climatic changes affecting crop yield and the increased prevalence of weed resistance are also significant drivers pushing for the development of more efficient herbicide products. Government initiatives promoting the use of herbicides to ensure food security further stimulate the market growth.

The global herbicides market is experiencing remarkable growth, driven by the escalating demand for enhanced agricultural productivity and food security. This growth is fueled by a combination of factors, including the adoption of advanced farming practices, technological advancements, and the ever-expanding global population. The global herbicides market is projected to witness significant growth during the forecast period. The increasing global population, leading to growing food demand, acts as a major macro factor driving the demand for herbicides. To meet the rising food demand, there has been a surge in the overall planted acreage worldwide, boosting the demand for herbicides in recent years. Herbicides play a crucial role in protecting crops from weed infestation and supporting their growth. The continuous development of new herbicides with specific applications has further fueled the global herbicides market, and this trend is expected to continue with the advancement of technology. Industry participants are heavily involved in extensive research and development activities to develop new herbicides that meet farmers' desired specifications. However, the herbicides industry faces several challenges, including finding solutions to herbicide-resistant weeds. Major companies such as BASF, Monsanto, and Dow Chemical Company are making significant investments in developing their agrochemical business, driving the herbicides market. The global herbicides market is highly competitive, with companies striving to outperform their competitors' products. For instance, Dow Chemical recently developed a new herbicide for corn, openly stating that their product protects crop weeds that have become resistant to Monsanto's herbicide.

There have been ongoing protests to ban herbicides due to their harmful effects on the health of farmers and consumers. However, herbicides are available at a lower price compared to alternative products. To tackle this challenge, the industry is shifting its focus towards the development of bio-based herbicides, which provide a cleaner solution for weed control in crops. Additionally, bio-herbicides are designed to target weeds that have developed resistance to synthetic (chemical-based) herbicides. Nevertheless, the lower prices of chemical-based herbicides remain a significant barrier to the growth of the bio-herbicides market. The global herbicides market is primarily driven by the need for increased agricultural productivity and food security. However, the market must address concerns regarding the use of synthetic herbicides and embrace sustainable alternatives to ensure a more environmentally friendly and healthy future for agriculture. 

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The Global Herbicides Market is segmented into type, mode of action, crop type, regional distribution, and company.

Based on the Crop Type, the Cereals & Grains segment shows the fastest growth for the Global Herbicides Market due to the high demand for herbicides in the cultivation of cereals and grains. This dominance is primarily driven by the crucial role that cereals and grains play as staple food items worldwide, making them essential for ensuring food security and meeting the dietary needs of a growing population. The reliance on herbicides in this segment further highlights the significance of effective weed control in maximizing crop yields and ensuring sustainable agricultural practices. With the ever-increasing global population, the demand for cereals and grains continues to rise. As a result, farmers are under immense pressure to meet the growing food requirements while ensuring sustainable agricultural practices. Herbicides have become an indispensable tool in this endeavour, as they help control weed growth and protect the valuable crops from being choked by unwanted plants.

The use of herbicides in the Cereals & Grains segment not only enhances crop yields but also promotes efficient resource utilization. By suppressing weed competition, herbicides allow cereal and grain plants to access vital nutrients, water, and sunlight without interference. This, in turn, maximizes the productivity of agricultural land and minimizes resource wastage. Moreover, the effectiveness of herbicides in weed control plays a critical role in reducing the reliance on manual labor for removing unwanted plants. This not only saves time and labor costs but also addresses the challenge of labor shortages often faced by farmers. By utilizing herbicides strategically, farmers can optimize their operations and achieve higher levels of efficiency in crop production.

Based on region, the Asia Pacific region is showing significant growth in the global herbicide market, driven by rapid agricultural expansion and the increasing adoption of modern farming techniques. As the region continues to be a major producer of staple crops such as rice, wheat, and corn, the need for effective weed control solutions has become critical to ensure high crop yields and protect crops from the competition for nutrients and sunlight. The rising population in Asia Pacific and the subsequent demand for food have accelerated the adoption of herbicides, as farmers seek ways to improve efficiency and productivity. Additionally, the growing trend of mechanized farming and the introduction of genetically modified (GM) crops, which are often more resistant to herbicides, is contributing to the demand for more advanced herbicide products.

Major companies operating in Global Herbicides Market are:

• BASF SE
• 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.

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“The global herbicides market is poised to witness substantial growth in the coming years, propelled by a multitude of key factors. One of the primary drivers is the ever-increasing global population, which directly translates into a higher demand for food production. As farmers strive to meet this demand, they heavily rely on herbicides to safeguard their crops and ensure optimal yield efficiency. Moreover, the steady advancements in farming technology and methods, such as precision farming techniques, are paving the way for even more efficient and effective utilization of herbicides in agriculture. Looking ahead, the future of herbicides is likely to be characterized by a strong emphasis on developing environmentally friendly and sustainable solutions, addressing concerns of ecological impact and promoting responsible agricultural practices.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Herbicides Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Glyphosate, Diquat, 2,4-Dichlorophenoxyacetic acid, and Others), By Mode of Action (Selective and Non-Selective), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), By Region and Competition, 2020-2030F”, 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 Global Herbicides Market.

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