Herbicides Market Trend | Analysis, Key Players, Industry Segments, Development and Forecast to 2024

Market Overview

Herbicides Market is expected to exhibit a strong 6% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global herbicides market is a major part of the agriculture sector and is likely to play a key role in the development of the agriculture sector in the coming years. Developments in the herbicides sector are likely to have a long-lasting impact on the agriculture sector, making the herbicides sector crucial. According to MRFR, the global herbicide market is expected to reach a revenue valuation of USD 43 billion by 2024.

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Competitive Analysis

Leading players in the Global Herbicide Market include

• Kenvos Bio,
• ADAMA Ltd.,
• Drexel Chemical Company,
• Nissan Chemical Industries Ltd.,
• Nufarm Limited,
• Element Solutions Inc.,
• Syngenta AG,
• PI Industries,
• Agrium Inc.,
• Bayer AG,
• FMC Corporation,
• Monsanto Company,
• The Dow Chemical Company
• BASF SE.

Segmentation

Global Herbicide Market is segmented on the basis of active ingredient, category, mode of action, crop type, and region.

By active ingredient, the global herbicide market is segmented into glyphosate, 2,4-D, atrazine, diquat, and others.

Regional Analysis

Asia Pacific is likely to dominate the global herbicide market in the coming years due to the growing industrialization and mechanization being brought about in the agriculture sector in the region. The growing demand for food in Asia Pacific has put a strain on traditional agricultural centers such as Punjab in India and Pakistan, Bangladesh, and China. This has resulted in an increasing demand for herbicides.

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