Europe Herbicides Market is expected to grow at a CAGR of 6% and reach USD 9.40 billion in 2026from USD 7.53 billion in 2021.
Herbicides are pesticides used to kill unwanted plants while leaving the desired crop unharmed. Herbicides are also used to clear waste grounds as it will kill every plant it comes in contact with. This process is called Turf Management. Based on Composition, Herbicides are divided into Synthetic Herbicides and Bioherbicides.
Some of the factors like Rising Demand for high agricultural productivity, increasing Populace and rising disposable income are 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.
Europe Herbicides Market is segmented on the basis of
On the basis of Type, market is segmented into Synthetic and Bioherbicides. Further on the basis of Synthetic Herbicides, market is further segmented into Glyphosate, 2, 4-D, Diquat, Others. On the basis of Crop Type, market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others. On the basis of Mode of Action, market is further segmented into Selective, Non-Selective. Cereals and Grains segment accounted for highest share in the market owing to the increased consumption in diets. Geographically, European market is segmented into U.K, Spain, Italy, Germany and France. Europe is expected to grow significantly during the forecast period.
Major Key Players:
The Major Players in this market are BASF SE, The Dow Chemical Company, E.I. du Pont de Nemours & Company, Monsanto Company, and Syngenta AG, FMC Corporation, Platform Specialty Products Corporation, Nufarm Ltd., Nissan Chemical Industries Ltd., and Drexel Chemical Co.
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