USD 30.32 billion
Global Herbicides Market Size, Share, Growth Analysis, By Type(Glyphosate, Diquat), By Crop Type(Cereals & Grains, Oilseeds & Pulses), By Mode of Action(Non-Selective, Selective) - Industry Forecast 2024-2031
Report ID:
SQMIG15A2110 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
90 |
Figures:
76
Global Herbicides Market Insights
Herbicides Market size was valued at USD 30.32 billion in 2019 and is poised to grow from USD 31.59 billion in 2023 to USD 45.75 billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).
Herbicides are a type of pesticide that is used to suppress weeds during cultivation. Herbicides, often known as weedkillers, are classified into two types: selective and non-selective herbicides. Non-selective herbicides can be used to clear industrial and construction sites, railways, and railway ridges since they destroy all plant material with which they come into contact. Selective herbicides control specific weed species while leaving the desired crop intact. Herbicides are used to increase agricultural output by eradicating undesired plants and weeds in the plantation. As a result, the increased desire for high agricultural productivity to meet global food demands supports the expansion of the herbicides industry. Furthermore, the increase in population and disposable money in a growing region such as Asia-Pacific boosts the need for herbicides. However, the risks connected with synthetic herbicides result in tight herbicide regulations, which significantly impedes the growth of the global herbicides market.
US Herbicides Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Selective
Fastest Growth
Selective
Growth Rate
4.2% CAGR
Global Herbicides Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Herbicides Market By Mode Of Action ($ Bn)
Global Herbicides Market By Mode Of Action (%)
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Global Herbicides Market Segmental Analysis
Global Herbicides market is segmented based on type, crop type, mode of action, and region. Based on the type, the Herbicides Market is segmented into glyphosate, diquat, 2, 4-d. Based on the crop type, the Herbicides Market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables. Based on the mode of action, the Herbicides Market is segmented into non-selective, selective. Based on the region Herbicides Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Herbicides Market Analysis by Mode of Action
Based on the mode of action, the Herbicides market is segmented into non-selective, selective. Among these, the non-selective herbicide sector held the biggest market share. As non-selective herbicides are designed to kill both broadleaf and grass weeds, they can be used on a wide range of vegetation and are a better alternative to selective herbicides. Furthermore, the advent of GM crops with herbicide tolerance is expected to enhance demand for non-selective herbicides during the projection period.
Global Herbicides Market By Mode Of Action, 2023 (%)
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Global Herbicides Market Regional Insights
In 2021, Asia-Pacific is expected to have the biggest share of the market. North America is the world's second-largest herbicide consumer. Environmental laws in the developed economies of North America and Europe, on the other hand, are likely to limit market growth in these regions. The Asia Pacific region dominated the global herbicides market in terms of both production and consumption, and this trend is projected to continue in the near future. The Asia Pacific region is home to two of the world's most populous countries, India and China. In terms of GDP growth rate and rising disposable income, these regions are also among the key growing economies. Herbicide demand in Asia Pacific is predicted to be driven by the region's large population and rapid economic growth.
South America region also had one of the greatest market share is expected to grow even more in the next five years. Furthermore, because South America has less rigorous laws than other countries, significant players have expanded in this region. The South America and Middle East & Africa region is predicted to be one of the fastest-growing herbicide markets. owing to rising demand for various crops in the region, including corn, beans, and cashews, among others.
Global Herbicides Market By Region, 2024-2031
- Largest
- Fastest
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Global Herbicides Market Dynamics
Herbicides Market Driver
- The key factors driving herbicides use include a region's growing population and disposable income. Synthetic herbicides dominate the worldwide herbicides market, owing to their low cost and great efficiency. Bio-based herbicides are derived from renewable resources and are expected to become the fastest-growing herbicide product class in the near future. Among the chemicals used in herbicide production include amide, sodium chlorate, and sulfuric acid, just to name a few.
Herbicides Market Restraint
- One of the major factors predicted to impede Herbicides market expansion is the health and environmental concerns connected with herbicides due to the chemicals employed, which has resulted in the implementation of severe regulations. However, as a result of such rules, prominent corporations have increased their focus on R&D for bio-based herbicides.
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Global Herbicides Market Competitive Landscape
The market is fragmented in nature. The prominent players operating in the Herbicides market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Herbicides Market Top Player’s Company Profiles
- Syngenta AG
- Bayer AG
- BASF SE
- Dow Chemical Company
- Monsanto Company
- FMC Corporation
- Nufarm Limited
- Adama Agricultural Solutions Ltd.
- UPL Limited
- Sumitomo Chemical Co., Ltd.
- Arysta LifeScience Corporation
- Valent Biosciences Corporation
- Drexel Chemical Company
- DOW AgroSciences LLC
- American Vanguard Corporation
- DuPont de Nemours, Inc.
- Nantong Jiangshan Agrochemical & Chemical Co., Ltd.
- Gowan Company LLC
- Rotam CropSciences Ltd.
- Wilbur-Ellis Company LLC
Herbicides Market Recent Developments
- In May 2022, ADAMA Ltd., one of the world's leading crop protection businesses, has launched Cheval, a premium pre-seed and post-emergence herbicide for soybeans and other crops, in Brazil. Cheval is projected to bring significant benefits to farmers due to its prolonged residual effect and unique formulation. T.O.V Formulation Technology created Cheval, which increases the efficacy of active compounds. Cheval's two modes, glufosinate and S-metolachlor, work together to minimize carryover weeds after burn down while also boosting residual effect. Cheval with the same formulation will be released in Africa, Latin and Central America, Asia Pacific, and North America.
- In May 2022, Sipcam, Albaugh, and Australian Grain Technologies (AGT) have formed a strategic three-way alliance to provide the CoAXium Production System to Australian barley producers. This collaboration will bring together essential components of the CoAXium Production System, non-GMO herbicide tolerance trait aggressor brand herbicides, elite barley germplasm, and industry stewardship. Albaugh's Innovation Platform, which focuses on strategic alliances to deliver creative and unique technologies, is represented by this relationship.
Global Herbicides Key Market Trends
- The expansion of the Herbicides market was aided by the insufficient arable land and rising food demand. Insufficient arable land and rising food demand. The Food and Agriculture Organization (FAO) predicts that the global population will increase by more than a third, or 2.3 billion, between 2009 and 2050. At the same time, per capita income is expected to rise globally. With rising per capita income and a growing population, global food demand is expected to rise. According to the FAO, food demand in the United States is anticipated to rise by 50% to 90% by 2050. Many issues, including climate change, pest outbreaks, a lack of investment, and restricted agricultural area, make it difficult to produce enough food to maintain food security. FAOSTATS reports that the global arable land area has fallen from 1,507,196.3 thousand hectares in 2017 to 1,502,820.5 thousand hectares in 2019. This suggests that food demand is increasing while agricultural land is shrinking significantly. Thus, crop protection agents such as herbicides are critical for increasing production and meeting global demand.
Global Herbicides Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Global Herbicides market is segmented based on type, crop type, mode of action, and region. Based on the type, the glyphosate segment held the most significant market share. Based on the crop type, cereals & grains held the most significant market share. Based on the mode of action, non-selective, held the most significant market share. Based on the region, Asia-Pacific held the most significant market share.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 30.32 billion |
| Market size value in 2031 | USD 45.75 billion |
| Growth Rate | 4.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Herbicides Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Herbicides Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Herbicides Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Herbicides Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Herbicides Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Herbicides Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Herbicides Market Report Snapshots
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