Herbicides Market Size, Growth, Global Trends, Forecast to 2028

Herbicides Market

Market Outlook for Global Herbicides Market:

The unwelcome growth of plants in the field reduces the crop’s yield and area. Herbicides are the pesticides used to eliminate unwanted plant growth without harming the crop. Glyphosate is a key ingredient in herbicides. Herbicides are utilised not only in agricultural fields, but also in nurseries and lawns.

Herbicides can be either selective or non-selective, depending on their intended use. Selective herbicides applied to a specific crop, such as corn, wheat, rice, or soybeans, in order to increase yield. In contrast, non-selective herbicides are used on plantation crops such as oil palm, orchards, rubber, and many others.

Herbicides are useful for increasing crop yield. In addition to killing pests, herbicides help retain moisture and boost crop yield. As the largest producer of corn and soy in the world, herbicides are used more frequently in North America than in other regions. Roundup is the most popular herbicide used by farmers on the global market.

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Growth Factors and Recent Tendencies in the Global Herbicides Market:

In recent years, the food and beverage industry has experienced unprecedented growth due to the world’s rapidly expanding population. Traditional farming methods are time-consuming and less cost-effective in terms of labour costs, and the global decline in farmland compounds the problem. To combat and deliver under such critical circumstances, the agricultural sector must employ effective farming products such as herbicides.

Increasing tourism has created a global demand for landscapes that are ornamented and aesthetically pleasing, which is a factor that is influencing the global herbicides market. Herbicides are essential for keeping grasslands free of broad-leaved vegetation. The application of herbicides in conservation parks and farms. It is also used on golf courses to prevent the growth of undesirable grasses and plants. Herbicides are utilised in forests to achieve the desired yield of large trees while restricting the growth of undesirable plants.

Global Herbicides Market Challenges:

The use of inorganic herbicides is fraught with significant ecological risks. Some herbicides, for instance, have negative effects on aquatic organisms, and excessive exposure to them can pose health risks to farmers. This has led to the prohibition of herbicides by a number of regional regulations. Example: In Western Australia (WA), the Aerial Spraying Control Act of 1966 and the Agriculture and Related Resources Protection (Spraying Restrictions) Regulation of 1979 restrict the use of phenoxy herbicides.

With the introduction of bio-based products, however, the herbicides market has uncovered numerous lucrative opportunities. In addition, persistent research and development into the biochemical effects of herbicides on plants has resulted in the regulation of chemicals with an improved toxicity profile.

Herbicides Market

Perspective of Global Herbicides Market Participants:

This business intelligence report profiles BASF, Bayer AG, DOW Agriscience LLC, and Syngenta AG, among other major players.

Syngenta AG, a Swiss multinational corporation that produces agrochemicals and seeds, entered the wheat herbicides market in May 2017 with its new Talinor cereals herbicides. In 2017, the company recorded sales of $12.65 billion. Syngenta AG will enter the herbicides market for the first time, and according to them, this will revolutionise the herbicides market as well. Well, the participation of such global giants in the herbicides market demonstrates without a doubt this arcade’s capacity to generate substantial returns.

Scope of the Report

This research report categorizes the herbicides market based on type, crop type, mode of action, and region.

On the basis of Type, the herbicides market has been segmented into the following:

  • Glyphosate
  • Diquat
  • 2,4-D
  • Others (dicamba, acetochlor and glufosinate)

On the basis of Mode of Action, the herbicides market has been segmented into the following:

  • Non-selective
  • Selective

On the basis of crop Type, the herbicides market has been segmented into the following:

  • Cereals & grains
  • Oilseeds & pulses
  • Fruits & vegetables
  • Others (lawns, forests, and aquatic vegetation)

On the basis of Region, the herbicides market has been segmented into the following:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • RoW (Middle East & Africa)

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