Herbicides Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 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

  • Industry : Agriculture
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 38.61 Billion

CAGR (2023-2028)

6.02%

Fastest Growing Segment

Cereals & Grains

Largest Market

North America

 

Market Overview

Global Herbicides Market has valued at USD 38.61 Billion in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 6.02% through 2028. Herbicides are specialized chemical substances utilized in both agricultural and non-agricultural settings to effectively control and eradicate unwanted vegetation or weeds. These substances are specifically formulated to disrupt the growth and reproductive processes of plants, thereby facilitating their controlled removal. Herbicides exist in various formulations, such as liquid sprays and granules, and can be administered through different methods like spraying, injecting, or spreading. Continuous advancements in herbicide development focus on enhancing efficacy and minimizing environmental impact. Ongoing research endeavors aim to create safer and more targeted herbicidal solutions. In the realms of modern agriculture, landscaping, and land management, herbicides play a pivotal role in ensuring optimal crop yield and maintaining aesthetically pleasing environments.

Key Market Drivers

Increasing Global Population & Food Demand

The world's population continues to steadily rise, resulting in an ever-increasing demand for food production. This surge in demand has led to the expansion of agricultural activities worldwide, as farmers strive to meet the growing needs. In this context, herbicides have emerged as a crucial tool in modern agriculture, offering an effective means of weed control.

Weeds pose a significant threat to crop growth as they compete with cultivated plants for essential resources like water, nutrients, and sunlight. Their presence can significantly reduce overall crop yields, jeopardizing food production and availability. By effectively managing weed infestations, herbicides help farmers maintain the health and productivity of their crops. The strategic use of herbicides not only prevents weed growth but also contributes to higher crop yields. This, in turn, ensures a sufficient and reliable food supply for the ever-expanding global population. With the aid of herbicides, farmers can optimize agricultural practices, enhance food production, and meet the increasing demand for sustenance in a world where population growth shows no signs of slowing down.

Expanding Adoption of Modern Farming Practices

The agriculture industry is undergoing a remarkable transformation, with a growing adoption of modern farming practices such as no-till and minimum-till farming. These innovative techniques prioritize reducing soil disturbance and erosion, thereby promoting improved soil health and productivity. However, it's important to note that these practices also create an environment conducive to weed growth. To effectively combat this challenge, herbicides play a vital role. Herbicides offer targeted and efficient weed control, eliminating the need for extensive soil tillage. By empowering farmers to embrace these sustainable farming methods, herbicides contribute significantly to preserving soil structure and reducing the overall environmental impact. This harmonious integration of modern farming practices and herbicide usage exemplifies the industry's commitment to advancing agricultural sustainability and long-term environmental stewardship.

Research & Development of Innovative Herbicides

Manufacturers in the herbicides industry are constantly investing in research and development (R&D) to create innovative and highly effective products. These ongoing efforts are directed towards developing herbicides with even higher efficacy and specificity, specifically targeting and controlling different types of weeds while minimizing any potential harm to desirable plants and the environment.

Furthermore, the introduction of herbicide-resistant crop varieties has played a significant role in stimulating the development of new herbicides. This development allows farmers to effectively combat weed resistance and manage their crops more efficiently. The continuous emergence of new formulations, which prioritize safety and environmental considerations, has further fueled the growth of the global herbicides market. Farmers around the world are actively seeking advanced solutions to address their evolving weed management challenges, thereby driving the demand for these innovative herbicide products.

Rise in the Number of Resistant Weed Species

The global increase in the number of resistant weed species poses a significant challenge to agricultural productivity, concurrently driving the demand for herbicides. As these resilient weeds evolve to survive traditional weed management practices, farmers worldwide are left with dwindling options to protect their crops. The herbicide market, in response, is witnessing a surge in demand. Herbicides, with their ability to effectively control the proliferation of these resistant species, have become an essential tool in the farmer's arsenal. The situation is exacerbated by climate change, as warmer climates and erratic rainfall patterns create conditions conducive for weed growth, further accelerating the growth of herbicide-resistant species. This correlation between rising resistant weed species and the increasing demand for herbicides is expected to continue its upward trend globally. Increased research and development in the herbicide industry, focusing on the creation of more potent and environmentally-friendly options, is also expected to fuel this demand. The relationship between the growth of resistant weeds and the necessity for strong herbicides is, unfortunately, a vicious cycle likely to persist until alternate, sustainable weed management strategies are developed and adopted widely.

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Key Market Challenges

High R&D Costs

High research and development (R&D) costs are anticipated to have a detrimental impact on the global demand for herbicides. The process of developing a new herbicide is not only time-consuming but also entails significant financial investment. It involves years of rigorous testing and adherence to stringent regulatory standards to ensure effectiveness and safety. These extensive R&D efforts, coupled with the need for compliance, contribute to the high costs associated with herbicide development.

The burden of these high R&D costs is often passed on to the consumer, resulting in elevated prices for herbicides. Consequently, farmers and other end-users may start exploring more affordable alternatives, such as traditional farming practices or organic weed control methods. This shift towards cheaper options further diminishes the demand for herbicides.

Moreover, the growing emphasis on sustainable agriculture and organic farming practices adds another layer of complexity to the situation. These practices prohibit the use of synthetic herbicides, pushing for more eco-friendly solutions. Consequently, consumers are hesitant to pay premium prices for herbicides, and their preference for eco-friendly farming methods continues to rise. Given these factors, the high R&D costs associated with herbicides pose a significant obstacle to market growth. The need for extensive financial investment and the resulting impact on pricing, coupled with the shift towards sustainable and organic farming practices, significantly curtail the global demand for herbicides.

Regulatory Restrictions

Regulatory restrictions, especially those pertaining to environmental and public health concerns, are expected to significantly decrease the global demand for herbicides. Increasingly stringent regulations are being enforced in many regions to curb the use of chemical herbicides that contribute to soil degradation, water contamination, and negative eco-systemic impacts. These regulations prioritize the preservation of biodiversity and promote the use of more sustainable, organic farming practices. For instance, the European Union's stringent pesticide regulations, which prioritize environmental protection and human health, have led to a decreased demand for chemical herbicides. Similarly, in the U.S., the growing trend towards organic produce and non-GMO products is driving stricter herbicide regulations, further dampening demand. As consumers worldwide become more conscious of the environmental impact of their consumption habits, they are demanding more organic and sustainably grown products. This shift in consumer preference further fuels the regulatory push for reduced herbicide use. Therefore, it is anticipated that global herbicide demand will continue to decrease as regulatory restrictions tighten and the shift towards sustainable agriculture continues.

Key Market Trends

Increase in Demand for Turf & Ornamental Plants

The global demand for herbicides is expected to surge due to the increasing demand for turf and ornamental plants. As the aesthetic appeal of landscapes becomes increasingly appreciated, golf courses, public parks, and private gardens are looking to enhance their green spaces with lush, attractive lawns and decorative plants. This trend, in turn, increases the demand for high-quality turf and ornamentals, requiring efficient maintenance and care. Herbicides play an essential role in this arena. They help ensure the healthy growth of turf and ornamental plants by eliminating harmful weeds that compete for nutrients, water, and sunlight. Furthermore, the expanding urbanization and infrastructural development worldwide are also contributing to this demand. More green spaces are being incorporated into city designs, and residential areas are dedicating spaces for ornamental horticulture. Therefore, the increasing demand for well-maintained, aesthetic green spaces is directly influencing the global herbicides market growth. This trend is set to continue, given the expanding appreciation for aesthetically pleasing landscapes and the importance of green spaces in urban environments.

Growing Acceptance of Modern Farming & Protected Agriculture

The global herbicide market is on the cusp of witnessing significant growth, driven by the growing acceptance and adoption of modern farming and protected agriculture practices. As the agricultural landscape evolves, the use of modern farming techniques, such as precision agriculture, has become increasingly prevalent. These techniques leverage the power of technology and data to optimize crop yield, minimize wastage, and manage resources efficiently. However, with these advancements comes the need to effectively control weeds and undesired plants that can impede crop growth. Hence, the use of herbicides has become indispensable in ensuring the success of modern farming practices. In addition to precision agriculture, protected agriculture has also gained prominence in recent years. This approach encompasses practices like greenhouse cultivation and vertical farming, which provide controlled environments for plant growth. Within these controlled environments, weed management becomes crucial to maintain optimal plant health and maximize yield. It is here that herbicides play a pivotal role in safeguarding crops from the detrimental effects of weeds.

The benefits of modern farming techniques and protected agriculture are far-reaching. They enable year-round cultivation, thus reducing the dependency on climatic conditions and ensuring a consistent supply of produce. This, in turn, leads to enhanced yield and improved food security. As a result, the adoption of these methods is rapidly increasing around the globe. Given the growing acceptance and adoption of modern farming practices, coupled with the expansion of protected agriculture, the demand for herbicides is expected to surge. Herbicides will continue to be a vital component in the arsenal of tools for farmers and agricultural professionals, enabling them to combat weed-related challenges and drive the growth of the herbicide market at a global level.

Segmental Insights

Mode of Action Insights

Based on the Mode of Action, during the forecast period, the non-selective segment is projected to dominate the market, accounting for the largest market share. This versatile herbicide, with its specially formulated composition, is designed to effectively target and control both broadleaf and grass weeds, ensuring comprehensive weed management. Its wide-ranging applicability extends to various vegetation types, including agricultural crops, lawns, gardens, and landscapes, making it a preferred choice among users in diverse settings.

With its proven efficacy and broad-spectrum action, this herbicide serves as a reliable alternative to selective herbicides, catering to the diverse needs of farmers, landscapers, and other professionals involved in weed control. Its innovative formulation incorporates advanced ingredients that not only provide effective weed suppression but also promote plant health and vitality. This holistic approach to weed management ensures not only the eradication of unwanted vegetation but also the long-term sustainability of cultivated plants. Furthermore, this herbicide offers excellent residual activity, providing extended control even after application. This feature is particularly beneficial in scenarios where ongoing weed emergence is expected or in areas with persistent weed infestations. The extended residual effect minimizes the need for frequent reapplications, reducing both the time and cost associated with weed control. Moreover, this herbicide boasts an environmentally friendly profile, as it is biodegradable and exhibits low toxicity levels to non-target organisms. This makes it a responsible choice for weed control, minimizing the potential negative impacts on ecosystems and the surrounding environment.

Crop Type Insights

Based on the Crop Type, the Cereals & Grains segment currently dominates 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.

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Regional Insights

The growing adoption of genetically modified crops, such as herbicide-resistant varieties in North America, necessitates the availability of compatible herbicides for effective weed management. Moreover, the increasing focus on precision agriculture and sustainable farming practices promotes the utilization of herbicides to optimize weed control while minimizing environmental impact. Additionally, the shift towards organic and sustainable agriculture in Europe drives the demand for herbicides with reduced toxicity and eco-friendly profiles, thereby encouraging the development of innovative formulations. Furthermore, the expansion of the agricultural sector in the Asia Pacific, propelled by population growth and changing dietary patterns, underscores the importance of efficient weed management to enhance crop yields. The rising awareness of herbicides' role in achieving food security and the continuous introduction of advanced herbicide solutions tailored to regional crop and weed patterns further contribute to the growing demand in these regions.

Recent Developments

  • July 2022: Bayer introduced Mateno Plus in Uruguay, a highly effective herbicide for managing broadleaf weeds and grasses that impact wheat and barley crops.
  • February 2022: Syngenta unveiled Tendovo, a new preemergence herbicide for soybeans. It has received registration from the U.S. Environmental Protection Agency (EPA) and offers growers early-season weed control.
  • January 2022: Syngenta Canada launched Erebus Xtreme, a liquid formulation herbicide for grass and broadleaf cereals. It combines Group 2 and Group 4 active ingredients to provide effective control.

Key Market Players

  • 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.

 

By Type

By Mode of Action

By Crop Type

By Region
  • Glyphosate
  • Diquat
  • 2,4-Dichlorophenoxyacetic acid
  • Others
  • Selective
  • Non-Selective
  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Herbicides Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Herbicides Market, By Type:

o   Glyphosate

o   Diquat

o   2,4-Dichlorophenoxyacetic acid

o   Others

·         Herbicides Market, By Mode of Action:

o   Selective

o   Non-Selective

·         Herbicides Market, By Crop Type:

o   Cereals & Grains

o   Oilseeds & Pulses

o   Fruits & Vegetables

o   Others

·         Herbicides Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Herbicides Market.

Available Customizations:

Global Herbicides market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validations

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

3.6.  Voice of Customer

4.    Global Herbicides Market Outlook

4.1.  Market Size & Forecast

4.1.1.    By Value

4.2.  Market Share & Forecast

4.2.1.    By Type (Glyphosate, Diquat, 2,4-Dichlorophenoxyacetic acid, and Others)

4.2.2.    By Mode of Action (Selective and Non-Selective)

4.2.3.    By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others)

4.2.4.    By Region

4.2.5.    By Company (2022)

4.3.  Market Map

5.    North America Herbicides Market Outlook

5.1.  Market Size & Forecast       

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type

5.2.2.    By Mode of Action

5.2.3.    By Crop Type

5.2.4.    By Country

5.3.  North America: Country Analysis

5.3.1.    United States Herbicides Market Outlook

5.3.1.1.        Market Size & Forecast

5.3.1.1.1.           By Value

5.3.1.2.        Market Share & Forecast

5.3.1.2.1.           By Type

5.3.1.2.2.           By Mode of Action

5.3.1.2.3.           By Crop Type

5.3.2.    Canada Herbicides Market Outlook

5.3.2.1.        Market Size & Forecast

5.3.2.1.1.           By Value

5.3.2.2.        Market Share & Forecast

5.3.2.2.1.           By Type

5.3.2.2.2.           By Mode of Action

5.3.2.2.3.           By Crop Type

5.3.3.    Mexico Herbicides Market Outlook

5.3.3.1.        Market Size & Forecast

5.3.3.1.1.           By Value

5.3.3.2.        Market Share & Forecast

5.3.3.2.1.           By Type

5.3.3.2.2.           By Mode of Action

5.3.3.2.3.           By Crop Type

6.    Europe Herbicides Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Mode of Action

6.2.3.    By Crop Type

6.2.4.    By Country

6.3.  Europe: Country Analysis

6.3.1.    Germany Herbicides Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type

6.3.1.2.2.           By Mode of Action

6.3.1.2.3.           By Crop Type

6.3.2.    United Kingdom Herbicides Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type

6.3.2.2.2.           By Mode of Action

6.3.2.2.3.           By Crop Type

6.3.3.    Italy Herbicides Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecasty

6.3.3.2.1.           By Type

6.3.3.2.2.           By Mode of Action

6.3.3.2.3.           By Crop Type

6.3.4.    France Herbicides Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Type

6.3.4.2.2.           By Mode of Action

6.3.4.2.3.           By Crop Type

6.3.5.    Spain Herbicides Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Type

6.3.5.2.2.           By Mode of Action

6.3.5.2.3.           By Crop Type

7.    Asia-Pacific Herbicides Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Mode of Action

7.2.3.    By Crop Type

7.2.4.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Herbicides Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Mode of Action

7.3.1.2.3.           By Crop Type

7.3.2.    India Herbicides Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Mode of Action

7.3.2.2.3.           By Crop Type

7.3.3.    Japan Herbicides Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Mode of Action

7.3.3.2.3.           By Crop Type

7.3.4.    South Korea Herbicides Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type

7.3.4.2.2.           By Mode of Action

7.3.4.2.3.           By Crop Type

7.3.5.    Australia Herbicides Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type

7.3.5.2.2.           By Mode of Action

7.3.5.2.3.           By Crop Type

8.    South America Herbicides Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Mode of Action

8.2.3.    By Crop Type

8.2.4.    By Country

8.3.  South America: Country Analysis

8.3.1.    Brazil Herbicides Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Mode of Action

8.3.1.2.3.           By Crop Type

8.3.2.    Argentina Herbicides Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Mode of Action

8.3.2.2.3.           By Crop Type

8.3.3.    Colombia Herbicides Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Mode of Action

8.3.3.2.3.           By Crop Type

9.    Middle East and Africa Herbicides Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Mode of Action

9.2.3.    By Crop Type

9.2.4.    By Country

9.3.  MEA: Country Analysis

9.3.1.    South Africa Herbicides Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Mode of Action

9.3.1.2.3.           By Crop Type

9.3.2.    Saudi Arabia Herbicides Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Mode of Action

9.3.2.2.3.           By Crop Type

9.3.3.    UAE Herbicides Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Mode of Action

9.3.3.2.3.           By Crop Type

9.4.  Drivers

9.5.  Challenges

10. Market Trends & Developments

10.1.             Recent Development

10.2.             Mergers & Acquisitions

10.3.             Product Launches

11. Global Herbicides Market: SWOT Analysis

12. Porter’s Five Forces Analysis

12.1.             Competition in the Industry

12.2.             Potential of New Entrants

12.3.             Power of Suppliers

12.4.             Power of Customers

12.5.             Threat of Substitute Products

13. Competitive Landscape

13.1.             BASF SE

13.1.1. Business Overview

13.1.2. Service Offerings

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. SWOT Analysis

13.2.             Monsanto Company

13.3.             Bayer AG

13.4.             Syngenta AG

13.5.             FMC Corporation

13.6.             Platform Specialty Products Corporation

13.7.             Nufarm Limited

13.8.             Nissan Chemical Industries Ltd.

13.9.             Drexel Chemical Company

13.10.          Adama Agricultural Solutions Ltd.

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the Global Herbicides Market was estimated to be USD 38.61 Billion in 2022.

down-arrow

Cereals & Grains segment dominates the Global Herbicides Market due to high demand in their cultivation. This is driven by their significance as staple food items worldwide.

down-arrow

The rise in genetically modified crops, particularly herbicide-resistant varieties in North America, has led to a demand for compatible herbicides to effectively tackle weed issues. Furthermore, the focus on precision agriculture and sustainable farming practices promotes the use of herbicides to maximize weed control while minimizing environmental impact.

down-arrow

Increasing global population & food demand and expanding adoption of modern farming practices are the major drivers for the Global Herbicides Market.

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Sakshi Bajaal

Business Consultant
Press Release

Herbicides Market to Grow with a CAGR of 6.02% through 2028

Jan, 2024

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, 2024-2028.

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