The global herbicides market size is expected to reach USD 38.05 billion in 2024 and reach USD 51.52 billion by 2029, growing at a CAGR of 6.25% from 2024 to 2029.
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 herbicides 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.
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.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
6.25% |
Segments Covered |
By Type, Crop Type, Mode of Action, and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
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. |
The cereals and Grains segment accounted for the highest share in the market owing to the increased consumption in diets.
Latin America dominated the global market in 2015 owing to the emergence of Latin American countries as Agricultural Powerhouses.
The Major Players listed in the Report are BASF SE, The Dow Chemical Company, E.I. du Pont de Nemours & Company, Monsanto Company, Syngenta AG, FMC Corporation, Platform Specialty Products Corporation, Nufarm Ltd., Nissan Chemical Industries Ltd., Drexel Chemical Co.
By Type
By Crop Type
By Mode Of Application
By Region
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