Herbicides Market

Herbicides Market Size & Growth (2022 - 2027):

The herbicides market was worth USD 31.72 billion in 2021 and is expected to reach USD 42.60 billion by 2026 with a CAGR of 6.25 %.

Herbicide is a type of pesticide that is used to control weeds or undesirable plants while leaving the desired crop unharmed. There are various types of herbicide based on type and Mode of Action. Based on Mode of Action, Herbicides are divided into Selective and Non-Selective. Selective Herbicides are used for agricultural purposes to kill unwanted plants while leaving the agricultural crops unharmed. Non-Selective Herbicides are used in Wastelands or construction sites to completely clear plant material.

Drivers and Restraints:

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.

HERBICIDES MARKET REPORT COVERAGE:

Market Segmentation:

Herbicides Market Herbicides Market – By Type:

• Synthetic

  • Glyphosate
  • 2
  • 4-D
  • Diquat
  • Others
• Bioherbicides

Herbicides Market Herbicides Market – By Crop Type:

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

Herbicides Market Herbicides Market – By Mode of Action:

• Selective
• Non-Selective

The cereals and Grains segment accounted for the highest share in the market owing to the increased consumption in diets.

Geographically, the market is segmented into 

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa 

Latin America dominated the global market in 2015 owing to the emergence of Latin American countries as Agricultural Powerhouses.

Key Players:

The Major Players listed in the Report 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.