North America Herbicides Market was estimated to be USD 6.12 billion in 2021 and is predicted to reach USD 7.68 billion by 2026 with a CAGR of 5.51 %.
Herbicides are pesticides used to control unwanted plants while leaving the desired crop unharmed. Based on Composition, Herbicides are divided into Synthetic Herbicides and Bioherbicides. Synthetic Herbicides are made from chemicals which may harm the environment and Bioherbicides are chemical formulations made from organic substances.
Some of the major drivers driving the market are rising Demand for high agricultural productivity, increasing Populace and rising disposable income. 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.
North America Herbicides Market Segmentation:
North America Herbicides Market is segmented on the basis of Type, Crop Type, and Mode of Action. 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, North America market is segmented into US and Canada. North America is a mature market and is expected to increase continuously throughout the forecast period.
The Major Players in this market are BASF SE, E.I. du Pont de Nemours & Company, The Dow Chemical Company, Monsanto Company, Syngenta AG, FMC Corporation, Platform Specialty Products Corporation, Drexel Chemical Co., Nissan Chemical Industries Ltd., and Nufarm Ltd.
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