Asia-Pacific Herbicides Market has been estimated at USD 8.12 Billion in 2021 and is projected to reach USD 12.43 Billion by 2026, at a CAGR of 6.8% during the forecast period from 2022 - 2027.
Herbicides, also known as weed killers, are chemical substances used to kill selected plants while leaving the desired crop unharmed. Herbicides are produced either from synthetic chemicals or organic substances. Synthetic herbicides cause various environmental hazards and are even harmful to humans. To overcome this use of bioherbicides is preferred which are made from organic substances.
Drivers and Restraints of Asia-Pacific Herbicides Market:
Asia-Pacific Rising Demand for high agricultural productivity, increasing Populace and rising disposable income are some of the factors driving the market. However, Synthetic Herbicides cause so many environmental hazards which resulted in stringent regulations on the use of Herbicides. These regulations are one of the major factors restraining the market.
Asia-Pacific Herbicides Market – By Type:
Asia-Pacific Herbicides Market – By Crop Type:
Asia-Pacific Herbicides Market – By Mode of Action:
Cereals and Grains segment accounted for highest share in the market owing to the increased consumption in diets.
Geographical Analysis:
Geographically, market is segmented into Japan, India, China Australia and South Korea. Asia-Pacific is the second largest market in the world and has high CAGR.
Major Key Players:
The major players listed in the report are The Dow Chemical Company, BASF SE, E.I. du Pont de Nemours & Company, Syngenta AG, FMC Corporation, Monsanto Company, Platform Specialty Products Corporation, Nissan Chemical Industries Ltd., Nufarm Ltd., and Drexel Chemical Co.
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