Herbicides Market
PUBLISHED: 2023 ID: SMRC22265
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Herbicides Market

Herbicides Market Forecasts to 2028 - Global Analysis By Category (Bioherbicides, Synthetic Herbicides, Other Categories), Mode of Action (Fruits & Vegetables, Grains & Cereals, Grains & Cereals, Turf & Ornamentals, Commercial Crops, Pulses & Oilseeds, Other Applications) and Geography

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4.5 (21 reviews)
Published: 2023 ID: SMRC22265

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $43.78 BN

Projected Year Value (2028)

US $70.44 BN

CAGR (2022 - 2028)

8.25%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe

 

According to Stratistics MRC, the Global Herbicides Market is accounted for $43.78 billion in 2022 and is expected to reach $70.44 billion by 2028 growing at a CAGR of 8.25% during the forecast period. Herbicides, also known as weed killers. They are pesticides that are used to control pests or unacceptable plants while causing no harm to the desired crop. Herbicides are plant protection chemical compounds classified as pesticides that aid crop growth by simply removing or trying to restrict the proliferation of weeds in the field.

Global wheat production as per UN’s Food and Agriculture Organization (FAO) 2019, amounts to an annual average of around 750 million tons. Moreover, according to FAO estimation, the world population will reach over 10 billion by 2050, implying that global demand for food and agricultural products would surge.



 

Market Dynamics:

Driver:

High Consumer Demand for Bio-based Formulations

A new trend has emerged a greater emphasis on R&D activities to develop newer herbicide formulations. This primarily entails the development of bio-based herbicides in response to the negative effects of chemical-based products on the environment and human health. Aside from that, the pressure on device manufacturers to improve herbicides that are resistant to weeds validates the continued demand for herbicides. As a result, the herbicides market profits.

Restraint:

Health risks to humans and pets

Although herbicides are useful, they can pose serious dangers to both humans and pets. If the ingredient is inhaled or ingested, it can cause stomach pain or skin irritation. Herbicides can be carried by rain or irrigation to unintended locations such as waterways. This can have serious consequences for amphibians, fish, and aquatic vegetation. Furthermore, prolonged use can contribute to weed resistance because the herbicide's energetic properties are no longer recognised by the weeds. These factors will impede the global herbicide market in the years to come.

Opportunity:

Extensive R&D Investments

Extensive research and development by product companies to develop innovative herbicides is likely to boost market share for any of these players. People who participated in the global herbicides market are focusing heavily on the advancement of bio-based herbicides in this direction. Large players have made significant expenditures to increase their product offerings. These players are particularly keen on developing bio-based herbicides to satisfy the increasing demand for organic but instead chemical-free agricultural produce. Aside from that, developing products that outperform competitors' products is a key growth strategic approach for leading competitors in the herbicides market.

Threat:

Usage of synthetic herbicides

The use of synthetic herbicides causes a variety of problems in both humans and animals. Herbicides are single or mixed substances that are employed to control, destroy, or repel weed growth. Because of the presence of harmful chemical substances in them, the majority of herbicides cause respiratory diseases, digestive disorders, and skin irritation. Exposure of workers to herbicides are so much more susceptible to contracting diseases are related to their respiratory system. The problems caused by synthetic herbicides in humans and animals limit the herbicide market's growth.

Covid-19 Impact

Under the drastic COVID-19 infectious disease situation prevailing around the world, numerous challenges including such work reinstatement delay or even manufacturing suspension, delayed logistics, raw material shortages, and restricted import and export activities face an unprecedented challenge to herbicide manufacturers globally. Notwithstanding, with accelerated pace interconnection in the growing and processing, which would include herbicides, large-scale manufacturers demonstrate great functionality in the face of the pandemic, particularly those that help bolster their own competitive nature and start producing upstream and downstream intermediates on their own, which is expected to boost market growth.

The Bioherbicides segment is expected to be the largest during the forecast period

The Bioherbicides segment is estimated to have a lucrative growth, due to Growing health and environmental concerns have raised public awareness of bio-based herbicides. Furthermore, weed management is critical for the agricultural sector, which has resulted in the continuous use of herbicides. However, long-term herbicide use ended up causing opposition, environmental contamination, impurities in crops, and environmental degradation, driving up demand for bio-based herbicides. Rising demand for 'green' products has resulted in the development of bio-herbicides made up of plant extracts, microorganisms phytotoxins, or phytopathogenic microorganisms that do not persist in the environment for long periods of time, resulting in less water and soil pollution.

The grains & cereals segment is expected to have the highest CAGR during the forecast period

The grains & cereals segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the fact that grains and cereals are the most important source of nutrition throughout the known universe is a significant driver for the expansion of this segment. Growing population demand for grains and cereals is one of the factors driving revenue growth in the segment during the forecast period.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the growing demands for herbicides in terms of production and consumption. It is one of the most populous countries in the Asia Pacific region, with rapid growth due to a working to develop agriculture sector, protected agriculture practises, following pressure of modern farming, and changes in farming practises. The emerging economies' GDP growth, combined with rising disposable income, drives the region's market growth.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to government policies that encourage the development of new, effective, and environmentally friendly herbicides are among the significant factors expected to influence market growth. Furthermore, the market is growing due to the rapid adoption of modern farming practises and integrated farming processes across the region.



Key players in the market

Some of the key players profiled in the Herbicides Market include DuPont, Syngenta, Sumitomo Chemical Co., Ltd, Sipcam, BASF SE, Bayer AG, Nissan Chemical Industries Ltd, ADAMA Ltd., Platform Specialty Products Corporation, Sumitomo Chemical Co., Ltd., Heranba Industries Ltd. and Atanor SCA.

Key Developments:

In May 2022, ADAMA Ltd., which is one of the major leading crop protection companies, launched Cheval, a premium pre-seed and post emergent herbicide in Brazil for soybean and other crops. Cheval is expected to provide valuable benefits to the farmer owing to longer residual effect and unique formulation. Cheval is developed by T.O.V Formulation Technology, which improves efficacy of active ingredients. Two modes of Cheval, glufosinate and S-metolachlor, combines to prevent carryover weeds after burn down, as well as increasing residual effect. Cheval with same formulation is expected to launch in areas of Africa, Latin & Central America, Asia Pacific, and North America.

In May 2022, Sipcam, Albaugh and Australian Grain Technologies (AGT) entered into a strategic three-way partnership to bring CoAXium Production System to Australian barley producers. This partnership is expected to combine key elements of CoAXium Production System, non-GMO herbicide tolerance trait, aggressor brand herbicides, elite barley germplasm, and industry stewardship. This partnership represents Albaugh’s Innovation Platform, which focuses on strategic partnerships to deliver novel and unique technologies.

September 2020, BASF acquired proprietary Glu-L technology for L-glufosinate ammonium from AgriMetis, which is an industry leader in development of biotechnological innovations for crop protection. Combined with BASF Agricultural Solutions, this technology would offer an efficient product to protect unwanted weeds with an improved formulation.

In March 2019, Atanor SCA launched a new formulation plant in Argentina for TRAC 90 WG. This new production plant posse’s immense potential to meet the market demand as well as exports.

Categories Covered:
• Bioherbicides
• Synthetic Herbicides
• Other Categories

Mode of Actions Covered:
• Non Selective
• Selective
• Other Mode of Actions

Applications Covered:
• Fruits & Vegetables
• Grains & Cereals
• Turf & Ornamentals
• Commercial Crops
• Pulses & Oilseeds
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Herbicides Market, By Category
5.1 Introduction
5.2 Bioherbicides
5.3 Synthetic Herbicides
5.3.1 Diquat
5.3.2 Glyphosate
5.3.3 Atrazine
5.3.4 2 4- Dichlorophenoxyacetic Acid
5.3.5 Acetochlor
5.3.6 Paraquat
5.4 Other Categories

6 Global Herbicides Market, By Mode of Action
6.1 Introduction
6.2 Non Selective
6.3 Selective
6.4 Other Mode of Actions

7 Global Herbicides Market, By Application
7.1 Introduction
7.2 Fruits & Vegetables
7.3 Grains & Cereals
7.4 Turf & Ornamentals
7.5 Commercial Crops
7.6 Pulses & Oilseeds
7.7 Other Applications

8 Global Herbicides Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 DuPont
10.2 Syngenta
10.3 Sumitomo Chemical Co., Ltd
10.4 Sipcam
10.5 BASF SE
10.6 Bayer AG
10.7 Nissan Chemical Industries Ltd
10.8 ADAMA Ltd.
10.9 Platform Specialty Products Corporation
10.10 Sumitomo Chemical Co., Ltd.
10.11 Heranba Industries Ltd.
10.12 Atanor SCA

List of Tables
1 Global Herbicides Market Outlook, By Region (2020-2028) ($MN)
2 Global Herbicides Market Outlook, By Category (2020-2028) ($MN)
3 Global Herbicides Market Outlook, By Bioherbicides (2020-2028) ($MN)
4 Global Herbicides Market Outlook, By Synthetic Herbicides (2020-2028) ($MN)
5 Global Herbicides Market Outlook, By Diquat (2020-2028) ($MN)
6 Global Herbicides Market Outlook, By Glyphosate (2020-2028) ($MN)
7 Global Herbicides Market Outlook, By Atrazine (2020-2028) ($MN)
8 Global Herbicides Market Outlook, By 2 4- Dichlorophenoxyacetic Acid (2020-2028) ($MN)
9 Global Herbicides Market Outlook, By Acetochlor (2020-2028) ($MN)
10 Global Herbicides Market Outlook, By Paraquat (2020-2028) ($MN)
11 Global Herbicides Market Outlook, By Other Categories (2020-2028) ($MN)
12 Global Herbicides Market Outlook, By Mode of Action (2020-2028) ($MN)
13 Global Herbicides Market Outlook, By Non Selective (2020-2028) ($MN)
14 Global Herbicides Market Outlook, By Selective (2020-2028) ($MN)
15 Global Herbicides Market Outlook, By Other Mode of Actions (2020-2028) ($MN)
16 Global Herbicides Market Outlook, By Application (2020-2028) ($MN)
17 Global Herbicides Market Outlook, By Fruits & Vegetables (2020-2028) ($MN)
18 Global Herbicides Market Outlook, By Grains & Cereals (2020-2028) ($MN)
19 Global Herbicides Market Outlook, By Turf & Ornamentals (2020-2028) ($MN)
20 Global Herbicides Market Outlook, By Commercial Crops (2020-2028) ($MN)
21 Global Herbicides Market Outlook, By Pulses & Oilseeds (2020-2028) ($MN)
22 Global Herbicides Market Outlook, By Other Applications (2020-2028) ($MN)
23 North America Herbicides Market Outlook, By Country (2020-2028) ($MN)
24 North America Herbicides Market Outlook, By Category (2020-2028) ($MN)
25 North America Herbicides Market Outlook, By Bioherbicides (2020-2028) ($MN)
26 North America Herbicides Market Outlook, By Synthetic Herbicides (2020-2028) ($MN)
27 North America Herbicides Market Outlook, By Diquat (2020-2028) ($MN)
28 North America Herbicides Market Outlook, By Glyphosate (2020-2028) ($MN)
29 North America Herbicides Market Outlook, By Atrazine (2020-2028) ($MN)
30 North America Herbicides Market Outlook, By 2 4- Dichlorophenoxyacetic Acid (2020-2028) ($MN)
31 North America Herbicides Market Outlook, By Acetochlor (2020-2028) ($MN)
32 North America Herbicides Market Outlook, By Paraquat (2020-2028) ($MN)
33 North America Herbicides Market Outlook, By Other Categories (2020-2028) ($MN)
34 North America Herbicides Market Outlook, By Mode of Action (2020-2028) ($MN)
35 North America Herbicides Market Outlook, By Non Selective (2020-2028) ($MN)
36 North America Herbicides Market Outlook, By Selective (2020-2028) ($MN)
37 North America Herbicides Market Outlook, By Other Mode of Actions (2020-2028) ($MN)
38 North America Herbicides Market Outlook, By Application (2020-2028) ($MN)
39 North America Herbicides Market Outlook, By Fruits & Vegetables (2020-2028) ($MN)
40 North America Herbicides Market Outlook, By Grains & Cereals (2020-2028) ($MN)
41 North America Herbicides Market Outlook, By Turf & Ornamentals (2020-2028) ($MN)
42 North America Herbicides Market Outlook, By Commercial Crops (2020-2028) ($MN)
43 North America Herbicides Market Outlook, By Pulses & Oilseeds (2020-2028) ($MN)
44 North America Herbicides Market Outlook, By Other Applications (2020-2028) ($MN)
45 Europe Herbicides Market Outlook, By Country (2020-2028) ($MN)
46 Europe Herbicides Market Outlook, By Category (2020-2028) ($MN)
47 Europe Herbicides Market Outlook, By Bioherbicides (2020-2028) ($MN)
48 Europe Herbicides Market Outlook, By Synthetic Herbicides (2020-2028) ($MN)
49 Europe Herbicides Market Outlook, By Diquat (2020-2028) ($MN)
50 Europe Herbicides Market Outlook, By Glyphosate (2020-2028) ($MN)
51 Europe Herbicides Market Outlook, By Atrazine (2020-2028) ($MN)
52 Europe Herbicides Market Outlook, By 2 4- Dichlorophenoxyacetic Acid (2020-2028) ($MN)
53 Europe Herbicides Market Outlook, By Acetochlor (2020-2028) ($MN)
54 Europe Herbicides Market Outlook, By Paraquat (2020-2028) ($MN)
55 Europe Herbicides Market Outlook, By Other Categories (2020-2028) ($MN)
56 Europe Herbicides Market Outlook, By Mode of Action (2020-2028) ($MN)
57 Europe Herbicides Market Outlook, By Non Selective (2020-2028) ($MN)
58 Europe Herbicides Market Outlook, By Selective (2020-2028) ($MN)
59 Europe Herbicides Market Outlook, By Other Mode of Actions (2020-2028) ($MN)
60 Europe Herbicides Market Outlook, By Application (2020-2028) ($MN)
61 Europe Herbicides Market Outlook, By Fruits & Vegetables (2020-2028) ($MN)
62 Europe Herbicides Market Outlook, By Grains & Cereals (2020-2028) ($MN)
63 Europe Herbicides Market Outlook, By Turf & Ornamentals (2020-2028) ($MN)
64 Europe Herbicides Market Outlook, By Commercial Crops (2020-2028) ($MN)
65 Europe Herbicides Market Outlook, By Pulses & Oilseeds (2020-2028) ($MN)
66 Europe Herbicides Market Outlook, By Other Applications (2020-2028) ($MN)
67 Asia Pacific Herbicides Market Outlook, By Country (2020-2028) ($MN)
68 Asia Pacific Herbicides Market Outlook, By Category (2020-2028) ($MN)
69 Asia Pacific Herbicides Market Outlook, By Bioherbicides (2020-2028) ($MN)
70 Asia Pacific Herbicides Market Outlook, By Synthetic Herbicides (2020-2028) ($MN)
71 Asia Pacific Herbicides Market Outlook, By Diquat (2020-2028) ($MN)
72 Asia Pacific Herbicides Market Outlook, By Glyphosate (2020-2028) ($MN)
73 Asia Pacific Herbicides Market Outlook, By Atrazine (2020-2028) ($MN)
74 Asia Pacific Herbicides Market Outlook, By 2 4- Dichlorophenoxyacetic Acid (2020-2028) ($MN)
75 Asia Pacific Herbicides Market Outlook, By Acetochlor (2020-2028) ($MN)
76 Asia Pacific Herbicides Market Outlook, By Paraquat (2020-2028) ($MN)
77 Asia Pacific Herbicides Market Outlook, By Other Categories (2020-2028) ($MN)
78 Asia Pacific Herbicides Market Outlook, By Mode of Action (2020-2028) ($MN)
79 Asia Pacific Herbicides Market Outlook, By Non Selective (2020-2028) ($MN)
80 Asia Pacific Herbicides Market Outlook, By Selective (2020-2028) ($MN)
81 Asia Pacific Herbicides Market Outlook, By Other Mode of Actions (2020-2028) ($MN)
82 Asia Pacific Herbicides Market Outlook, By Application (2020-2028) ($MN)
83 Asia Pacific Herbicides Market Outlook, By Fruits & Vegetables (2020-2028) ($MN)
84 Asia Pacific Herbicides Market Outlook, By Grains & Cereals (2020-2028) ($MN)
85 Asia Pacific Herbicides Market Outlook, By Turf & Ornamentals (2020-2028) ($MN)
86 Asia Pacific Herbicides Market Outlook, By Commercial Crops (2020-2028) ($MN)
87 Asia Pacific Herbicides Market Outlook, By Pulses & Oilseeds (2020-2028) ($MN)
88 Asia Pacific Herbicides Market Outlook, By Other Applications (2020-2028) ($MN)
89 South America Herbicides Market Outlook, By Country (2020-2028) ($MN)
90 South America Herbicides Market Outlook, By Category (2020-2028) ($MN)
91 South America Herbicides Market Outlook, By Bioherbicides (2020-2028) ($MN)
92 South America Herbicides Market Outlook, By Synthetic Herbicides (2020-2028) ($MN)
93 South America Herbicides Market Outlook, By Diquat (2020-2028) ($MN)
94 South America Herbicides Market Outlook, By Glyphosate (2020-2028) ($MN)
95 South America Herbicides Market Outlook, By Atrazine (2020-2028) ($MN)
96 South America Herbicides Market Outlook, By 2 4- Dichlorophenoxyacetic Acid (2020-2028) ($MN)
97 South America Herbicides Market Outlook, By Acetochlor (2020-2028) ($MN)
98 South America Herbicides Market Outlook, By Paraquat (2020-2028) ($MN)
99 South America Herbicides Market Outlook, By Other Categories (2020-2028) ($MN)
100 South America Herbicides Market Outlook, By Mode of Action (2020-2028) ($MN)
101 South America Herbicides Market Outlook, By Non Selective (2020-2028) ($MN)
102 South America Herbicides Market Outlook, By Selective (2020-2028) ($MN)
103 South America Herbicides Market Outlook, By Other Mode of Actions (2020-2028) ($MN)
104 South America Herbicides Market Outlook, By Application (2020-2028) ($MN)
105 South America Herbicides Market Outlook, By Fruits & Vegetables (2020-2028) ($MN)
106 South America Herbicides Market Outlook, By Grains & Cereals (2020-2028) ($MN)
107 South America Herbicides Market Outlook, By Turf & Ornamentals (2020-2028) ($MN)
108 South America Herbicides Market Outlook, By Commercial Crops (2020-2028) ($MN)
109 South America Herbicides Market Outlook, By Pulses & Oilseeds (2020-2028) ($MN)
110 South America Herbicides Market Outlook, By Other Applications (2020-2028) ($MN)
111 Middle East & Africa Herbicides Market Outlook, By Country (2020-2028) ($MN)
112 Middle East & Africa Herbicides Market Outlook, By Category (2020-2028) ($MN)
113 Middle East & Africa Herbicides Market Outlook, By Bioherbicides (2020-2028) ($MN)
114 Middle East & Africa Herbicides Market Outlook, By Synthetic Herbicides (2020-2028) ($MN)
115 Middle East & Africa Herbicides Market Outlook, By Diquat (2020-2028) ($MN)
116 Middle East & Africa Herbicides Market Outlook, By Glyphosate (2020-2028) ($MN)
117 Middle East & Africa Herbicides Market Outlook, By Atrazine (2020-2028) ($MN)
118 Middle East & Africa Herbicides Market Outlook, By 2 4- Dichlorophenoxyacetic Acid (2020-2028) ($MN)
119 Middle East & Africa Herbicides Market Outlook, By Acetochlor (2020-2028) ($MN)
120 Middle East & Africa Herbicides Market Outlook, By Paraquat (2020-2028) ($MN)
121 Middle East & Africa Herbicides Market Outlook, By Other Categories (2020-2028) ($MN)
122 Middle East & Africa Herbicides Market Outlook, By Mode of Action (2020-2028) ($MN)
123 Middle East & Africa Herbicides Market Outlook, By Non Selective (2020-2028) ($MN)
124 Middle East & Africa Herbicides Market Outlook, By Selective (2020-2028) ($MN)
125 Middle East & Africa Herbicides Market Outlook, By Other Mode of Actions (2020-2028) ($MN)
126 Middle East & Africa Herbicides Market Outlook, By Application (2020-2028) ($MN)
127 Middle East & Africa Herbicides Market Outlook, By Fruits & Vegetables (2020-2028) ($MN)
128 Middle East & Africa Herbicides Market Outlook, By Grains & Cereals (2020-2028) ($MN)
129 Middle East & Africa Herbicides Market Outlook, By Turf & Ornamentals (2020-2028) ($MN)
130 Middle East & Africa Herbicides Market Outlook, By Commercial Crops (2020-2028) ($MN)
131 Middle East & Africa Herbicides Market Outlook, By Pulses & Oilseeds (2020-2028) ($MN)
132 Middle East & Africa Herbicides Market Outlook, By Other Applications (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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