Herbicides Market is driven by the growing demand for food has led to the need for high agricultural productivity with a healthy CAGR of 6% during the forecast period of 2020 to 2027
Research Reports
Mar 17, 2023
Market Research Future Insights
According to MRFR analysis, the global Herbicides Market is expected to register a CAGR of 6% from 2020 to 2027 and hold a value of over USD 50 billion by 2027.
The herbicides market refers to the global industry that produces, distributes, and sells various chemicals used to control or kill unwanted plants, commonly known as weeds, in various settings such as agricultural fields, lawns, gardens, and public spaces. Herbicides are designed to selectively or non-selectively target certain types of plants or weeds, either by affecting their growth, metabolism, or other physiological processes. The herbicides market includes a wide range of products, such as pre-emergent herbicides, post-emergent herbicides, selective herbicides, non-selective herbicides, and systemic herbicides, among others. This market serves the needs of farmers, landscapers, groundskeepers, and other professionals who require effective and safe weed control solutions for their specific applications.
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Regional Analysis
Asia-Pacific is expected to dominate the global herbicides market over the research period. As of growing knowledge about the negative impacts of weeds on crop development. Furthermore, an increase in sales of low-cost herbicides with generic formulations is fueling the regional market growth.
South America, a key regional market in the RoW, is predicted to have the highest CAGR throughout the projection period due to the region’s less rigorous laws and rising market penetration of industry participants in the regional market.
Market Segmentation
The Global Herbicides Market has been segmented into Product Type, Crop Type, Mode of Action, and Formulation
Based on the Product type, the market has been segmented into pre-emergent herbicides, post-emergent herbicides, selective herbicides, non-selective herbicides, systemic herbicides, contact herbicides, and others.
Based on the Crop Type, the market has been segmented into Cereals, Oilseeds, Fruits And Vegetables, Turf And Ornamentals, and Others.
Based on the Mode of Action, the market has been segmented into Inhibiting Plant Growth, Photosynthesis, Cell Division, and Others.
Based on the Formulation, the market has been segmented into Liquid, Powder, Granular, And Other.
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Key Players
Some of the key market players are BASF, Bayer, Syngenta, Corteva Agriscience, FMC Corporation, Adama Agricultural Solutions Ltd, UPL Limited, Nufarm Limited, American Vanguard Corporation, and Albaugh.
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