Global Herbicides Market Size, Drivers, Trends, Opportunities And Strategies – Includes Herbicides Market size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The world population are expected to drive innovation in herbicides manufacturing, thus driving the market during the forecast period.
The global herbicides market is expected to grow from $34.37 billion in 2022 to $38.04 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The global herbicides market size is expected to grow from $57.39 billion in 2027 at a CAGR of 10.8%.
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Global Herbicides Market Segments include:
- By Type: Synthetic, Bio Based
- By Mode Of Action: Selective, Non-selective
- By Application: Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Turf & Ornamentals
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global herbicides market in 2021.
Major Market Players in the herbicides market include Adama Agricultural Solutions Ltd., Basf Se, Bayer Ag, Dowdupont, FMC Corporation, Nufarm Limited, Syngenta, The Dow Chemical Company.
The herbicides market has registered a significant increase in mergers and acquisitions over the last 5 years. Such collaborations are mainly aimed at expanding the product range or distribution networks. This can also be attributed to low food commodity prices, which affect pesticide manufacturers and distributors, leading to industry consolidation. For instance, in May 2021, AMVAC Chemical Corporation, a US-based crop protection products firm acquired Envoke brand herbicide from a Swiss agrichemical company Syngenta Crop Protection for an undisclosed sum. The acquisition adds another portfolio to AMVAC and enables it to offer unique solution to control weeds. Envoke is an herbicide that controls various weeds in cotton, sugarcane, and transplanted tomatoes.
The Herbicides Global Market Report 2023 provides a herbicides market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The herbicides market forecast analyzes herbicides market size, herbicides market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Herbicides, commonly known as ‘weed killers,’ are chemical substances used to control unwanted plants. The features of herbicides include selectivity, activity, mobility in soil, volatility, toxicity, and persistence in the environment.
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