Herbicides Market: Drivers, Restraints, Opportunities, and Challenges

03/apr/2019 12:17:08 MarketsandMarkets Contatta l'autore

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The report  " Herbicides Market  by Type (Glyphosate, 2, 4-D, Diquat), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Mode of Action (Non-selective, Selective), and Region - Global Forecast to 2022 " , The global herbicides market is estimated at USD 27.21 Billion in 2016 and projected to reach USD 39.15 Billion by 2022, at a CAGR of 6.25% during the forecast period. The market is driven by factors such as the adoption of better farming practices and the production of cereals and grains, especially in the Asia-Pacific region.

The years considered for the study are as follows:

  • Base year: 2015
  • Beginning of projection period: 2016
  • End of projection period: 2022

Herbicides Market

Objectives of the report:

  • To define, segment, and measure the herbicides market in both quantitative and qualitative terms
  • To provide an analysis of opportunities in the market for stakeholders through the identification of high-growth segments
  • To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
  • To understand the trends of the herbicides market with a value chain and supply chain analysis
  • To provide strategic profiling of key players in the herbicides market and a comprehensive analysis of their core competencies
  • To analyze the strategies of key players and developments, such as new product launches & product approvals, mergers & acquisitions and strategic alliances, agreements and collaborations, and investments & expansions

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The glyphosate segment, by type, is projected to have the highest CAGR during 2016 to 2022.

The glyphosate segment is projected to have the highest CAGR during the forecast period. This is due to the fact that glyphosate-based products are widely adopted in various forms such as gels and powders, which are more convenient to use.

Non-selective segment, by way of action, is projected to grow at the highest CAGR during 2016 to 2022.

Non-selective herbicides, based on the mode of action, are projected to have the highest CAGR during the forecast period. Since non-selective herbicides are formulated for both broadleaf and grass weeds, they find wider application on vegetation types and are preferred more than selective herbicides.

The cereals & grains segment accounted for the largest market share in 2015.

Herbicides are applied on a wide scale to most cereal crops to control weeds. Cereals are grown across the world, but growth is projected to be higher in the Asia-Pacific region due to increased consumption of rice in the daily diets here. The global demand for herbicides in this segment

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South American region dominated the herbicides market in 2015.

The South American region dominated the herbicides market in 2015. This is the emergence of South American countries as agricultural powerhouses, growing above the global growth average. Growth in this region is significantly contributed to growth in Brazil and Argentina. Economic growth in South America has been supported by democratization and economic reforms. Availability of arable land and expansion of farmlands, especially in Brazil and Argentina, are driving the growth in this market.

Additionally, the regulatory framework in South America is less stringent as compared to North America and Europe. The Pesticide Action Network (South America) handles regulatory control in the region. T Herbicide products can be registered with minimum resistance from other regulatory agencies in the South American region.

This report includes a series of leading companies in the herbicides market. The key companies are BASF SE (Germany), The Dow Chemical Company (US), EI du Pont de Nemours & Company (US), Monsanto Company (US), and Syngenta AG (Switzerland), FMC Corporation (US), Platform Specialty Products Corporation (US), Nufarm Ltd. (Australia), Nissan Chemical Industries Ltd. (Japan), and Drexel Chemical Co. (US).

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