Herbicides Market Research Report - Global Forecast till 2027

Global Herbicides Market Research Report: Information by Active Ingredient (Glyphosate, 2, 4-D, Atrazine, Diquat, and Others), Category (Synthetic Herbicides, and Bioherbicides), Mode of Action (Selective and Non-Selective), Crop Type (Pulses & Oilseeds, Cereals & Grains, Fruits & Vegetables, and Others), and Region (North America, Europe, Asia-Pacific, and RoW)– Forecast till 2027

ID: MRFR/AGR/3425-HCR | February 2023 | Region: Global | 110 Pages         

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Herbicides Market

Herbicides market size is expected to garner a revenue of 50 Billion by 2027 with a CAGR of approximately 6% during the forecast period.

Segmentation
By Active Ingredient Glyphosate 2 4-D Atrazine Diquat Others
By Category Synthetic Herbicides Bioherbicides
By Mode of Action Selective Non-Selective
By Crop Type Pulses & Oilseeds Cereals & Grains Fruits & Vegetables Others
By Region North America Europe Asia-Pacific RoW
Key Players
Companies Profiled   BASF SE (Germany)    The Dow Chemical Company (US)    Monsanto Company (US)    FMC Corporation (US)    Bayer AG (Germany)    Agrium Inc (Canada)    PI Industries (India)    Syngenta AG (Switzerland)    Element Solutions Inc (US)    Nufarm Limited (Australia)    Nissan Chemical Industries Ltd. (Japan)    Drexel Chemical Company (US)    ADAMA Ltd. (Israel)    Kenvos Bio (China)    and UPL (India)
Drivers
Market Driving Forces   Improving agricultural productivity by killing unwanted herbs and weeds in the plantation.    Increasing population and growing demand for food has led to the need for high agricultural productivity
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Market Scenario


Herbicides market size is projected to present a 6% CAGR to reach USD 50 billion by 2030. Herbicides are crop protection chemicals, grouped under pesticides, which help in the growth of crops by eliminating or restricting the growth of weeds in the field. Adequate application of herbicides in the field positively impacts crop growth, yield quality, and quantity of yield. Surging demand for food across the globe and rising awareness regarding the benefits of applying herbicides pre- and post-cultivation of crops are the significant determinants driving the growth of the global herbicides market. Additionally, the rising adoption of better agricultural practices and integrated pest management technologies are also catalyzing market growth. However, the implementation of stringent regulations against the use of certain herbicides in the developed nations is hampering the market growth herbicides. Germany, France, Switzerland, and the US are amongst the prominent country-level markets with stringent regulations against the use of synthetic herbicides due to their carcinogenic characteristics. Owing to such regulations, market players are focusing on their R&D and introducing bioherbicides in the global market, which, in turn, is paving the way for several growth opportunities for the market players. However, herbicide manufacturers must comply with the stringent approval procedures to commercialize their products, creating challenges in their growth.


Segmentation


The global herbicides market has been segmented based on the active ingredient, category, mode of action, crop type, and region.


By active ingredient, the global herbicides market has been classified as glyphosate,2, 4-D, atrazine, diquat, and others.


The global herbicides market has also been divided, based on category, into synthetic herbicides and bioherbicides.


Based on the mode of action, the global market is bifurcated into selective and non-selective.


By crop type, the global herbicides market has been classified as pulses & oilseeds, cereals & grains, fruits & vegetables, and others.


The global herbicides market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.


The North American herbicides market has further been segmented into the US, Canada, and Mexico. The European herbicides market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The herbicides market in Asia-Pacific has been segmented into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific. The herbicides market in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players


BASF SE (Germany), The Dow Chemical Company (US), Monsanto Company (US), FMC Corporation (US), Bayer AG (Germany), Agrium Inc (Canada), PI Industries (India), Syngenta AG (Switzerland), Element Solutions Inc (US), Nufarm Limited (Australia), Nissan Chemical Industries Ltd. (Japan), Drexel Chemical Company (US), ADAMA Ltd. (Israel), Kenvos Bio (China), and UPL (India) are some of the key players in the global herbicides market.


Regional Market Summary


Asia-Pacific is expected to dominate the global herbicides market throughout the review period owing to the rising awareness regarding the harmful effects of weeds on crop growth. Additionally, a hike in the sales of low-priced herbicides with generic formulations is also fuelling the growth of the regional market. However, South America, a prominent regional market in the RoW is expected to register the highest CAGR during the forecast period owing to the presence of less stringent regulations in the region and increasing penetration of market players in the regional market.


Global Herbicides Market, by Active Ingredient



  • Glyphosate

  • 2, 4-D

  • Atrazine

  • Diquat

  • Others


Global Herbicides Market, by Category



  • Synthetic Herbicides

  • Bioherbicides


Global Herbicides Market, by Mode of Action



  • Selective

  • Non-Selective


Global Herbicides Market, by Crop Type



  • Pulses & Oilseeds

  • Cereals & Grains

  • Fruits & Vegetables

  • Others


Global Herbicides Market, by Region




  • North America

    • US

    • Canada

    • Mexico






  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe






  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia & New Zealand

    • Rest of Asia-Pacific






  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience



  • Herbicides manufacturers

  • Pesticides manufacturers, suppliers, and traders

  • Agricultural associations

  • Raw material suppliers

  • Retailers and wholesalers

  • Traders, importers, and exporters



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 50 Billion
  CAGR   6% (2020–2027)
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Active Ingredient, Category, Mode of Action, and Crop Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BASF SE (Germany), The Dow Chemical Company (US), Monsanto Company (US), FMC Corporation (US), Bayer AG (Germany), Agrium Inc (Canada), PI Industries (India), Syngenta AG (Switzerland), Element Solutions Inc (US), Nufarm Limited (Australia), Nissan Chemical Industries Ltd. (Japan), Drexel Chemical Company (US), ADAMA Ltd. (Israel), Kenvos Bio (China), and UPL (India)
  Key Market Opportunities   Surging demand for food across the globe and rising awareness regarding the benefits of applying herbicides.
  Key Market Drivers   Improving agricultural productivity by killing unwanted herbs and weeds in the plantation, Increasing population and growing demand for food has led to the need for high agricultural productivity


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Frequently Asked Questions (FAQ) :

Herbicides market is set to reach USD 50 billion by 2027.

Herbicides market is expected to thrive at 6% CAGR from 2020 to 2027.

Agrium Inc, Syngenta AG, Nufarm Limited, Nissan Chemical Industries Ltd., PI Industries, Kenvos Bio, Element Solutions Inc, UPL, Bayer AG, The Dow Chemical Company, Monsanto Company, Drexel Chemical Company, FMC Corporation, ADAMA Ltd., and BASF SE are major players of the global herbicides market.

Adoption of novel and safe agricultural practices is the major driver of the global herbicides market.

APAC can dominate the global herbicides market due to high awareness levels among farmers.

Strict regulations against its use in certain countries can imped the global herbicides market growth.