Herbicides Market Forecasts to 2028 – Global Analysis By Formulation (Solid, Liquid), Type (Biological, Chemical/Synthetic), Application, End User, and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $36.85 BN |
|
Projected Year Value (2028) |
US $64.18 BN |
|
CAGR (2021- 2028) |
8.2% |
|
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 |
South America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Herbicides Market is accounted for $36.85 billion in 2021 and is expected to reach $64.18 billion by 2028 growing at a CAGR of 8.2% during the forecast period. Herbicides are a specific category of pesticides utilized to control unwanted plants during development. The utilization of herbicides in the field positively impacts crop development, yield quality, and quantity of yield. Herbicides will improve agricultural productivity by killing unwanted herbs and weeds on the plantation. Selective herbicides control specific weed species, leaving the desired crop unharmed, whereas non-selective herbicides can be utilized to clear industrial and construction sites, railways, and railway ridges as they kill all plant material with which they come into contact.
The ease of application is a big advantage of chemical herbicides over mechanical weed control, which often saves on labor costs. Moreover, to fulfill the rising demand for food from the growing population, enhancing crop production and crop yield has become essential. The scarcity of arable land creates a demand for efficient farming practices, utilizing every section of the farming plot, thereby propelling demand in the herbicide market. According to the Food and Agriculture Organization Corporate Statistical Database, the global area under arable land has decreased from 1,507,196.3 thousand hectares in 2017 to 1,502,820.5 thousand hectares in 2019.
Market Dynamics:
Driver:
Intensive farming techniques
Farmers globally are adopting intensive farming procedures to increase efficiency per hectare, driving the demand for herbicides. Intensive farming is an agricultural intensification and mechanization system that intends to maximize yields from available land through means such as the heavy utilization of pesticides and chemical fertilizers. These methods help to meet the rising need for food from the growing population and prevent food shortages. Intensive farming methods drive the demand for herbicides.
Restraint:
Hazardous effects
The chemical herbicides utilized in the weed control process don’t harm the plants and crop protection. Moreover, the ones in herbicides such as iron, sulfates, nitrates copper iron, and sodium arsenite are utilized as a spray or soil sterilant. These materials are proved hazardous and poisonous to animals and humans when they come in contact. This is creating a drain in the herbicide market for the vendors.
Opportunity:
Increasing importance of sustainable food production
The concept of bio-farming is effectively acquiring popularity as it depends on the utilization of organic and biofertilizers instead of the utilization of chemical fertilizers as well as the use of safe green pesticides and pesticides. By adopting sustainable practices, farmers decrease their dependence on non-renewable energy, lessen chemical use and save scarce resources. Keeping the land healthy and replenished can go a long way when considering the increasing population and demand for food. Food organizations are increasing their sustainable efforts, teaming up with their providers, and fine-tuning their business models, which, in turn, provide ample opportunities for market growth.
Threat:
Alternative techniques
The use of alternative techniques such as integrated pest management and crop rotation has decreased the utilization of pesticides in farms. IPM farms may develop pest-resistant crop varieties, utilize predatory insects to kill plant-eating pests, employ mechanical pest traps, and eliminate pest nesting areas by ploughing under harvested crops. Because of the increase in awareness of the effects caused by the utilization of pesticides, techniques such as these were implemented widely and are acting as a threat to the market’s growth.
The chemical/synthetic segment is expected to be the largest during the forecast period
The chemical/synthetic segment is estimated to have a lucrative growth owing to the improved efficiency in the utilization of pesticides. Decreasing cultivable land, increasing demand for food, increasing adoption of genetically modified (GM) crops, and acceptance of new farming practices are the factors driving the segment growth.
The cereals & grains segment is expected to have the highest CAGR during the forecast period
The cereals & grains segment is anticipated to witness the fastest CAGR growth during the forecast period due to the growing need to increase food security, along with the onset of climate change and the prospect of increased drought, which have played a significant role in increasing the use of herbicides in cereal cultivation. Various global organizations have launched programs to educate farmers on the utilization of pesticides in cereal cultivation.
Region with highest share:
South America is projected to hold the largest market share during the forecast period due to the presence of less stringent regulations in the region and the increasing penetration of market players in the regional market. South American countries mainly Argentina and Brazil have the largest production due to the increased farming of biofuel crops and the use of genetically modified crops.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to the advancements in crop protection methods against weeds and increasing demand for low-priced generic herbicide formulations. Variation in the climatic condition in Asia-Pacific enables the production of a wide variety of crops which is likely to have a positive impact on the agricultural sector. The Asia Pacific is a prominent producer of wheat, rice, and vegetables. Hence, the requirement for pesticides is high in this region, and crop-based pesticides are expected to drive the herbicide market in the region.
Key players in the market
Some of the key players profiled in the Herbicides Market include The DOW Chemical Company, Syngenta AG, Platform Specialty Products Corporation, Nissan Chemical Industries Ltd., Monsanto Company, FMC Corporation, E.I. Du Pont De Nemours and Company, Drexel Chemical Company, BASF SE, Nufarm Limited and Corteva Agriscience.
Key Developments:
In Sep 2020, BASF SE acquired proprietary technology for L-glufosinate ammonium from AgriMetis. The company was acquired to develop highly-improved concentrated weed control products. This is likely to help strengthen the position of BASF SE in the herbicide market by developing new products for protection against weeds.
In March 2020, Corteva Agriscience collaborated with AgPlenus for the development of novel herbicides. The collaboration will combine Corteva's strengths in crop protection product discovery and development with AgPlenus' expertise in designing effective and sustainable herbicide products using predictive biology.
Formulations Covered:
• Solid
• Liquid
Types Covered:
• Biological
• Chemical/Synthetic
Time of Action Covered:
• Pre-Emergence
• Post-Emergence
• Pre Plant
Method of Applications Covered:
• Soil
• Foliar
Crop Types Covered:
• Commercial Crops
• Turf & Ornamentals
• Oilseeds & Pulses
• Fruits & Vegetables
• Cereals & Grains
• Other Crop Types
Mode of Actions Covered:
• Trans Located (Systemic) Herbicide/Non-Selective
• Contact Herbicides/Selective
Applications Covered:
• Spraying
• Soil Treatment
• Dusting
Inhibitors Covered:
• Seedling Root Growth Inhibitor
• Pigment Inhibitor
• Nitrogen Metabolism Inhibitor
• Lipid Synthesis Inhibitor
• Growth Regulators
• Cell Membrane Disrupter
• Amino Acid Synthesis Inhibitors
• Photosynthesis Inhibitor
Molecular Natures Covered:
• Inorganic
• Organic
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 Formulation
5.1 Introduction
5.2 Solid
5.2.1 Wettable Powder
5.2.2 Pellets
5.2.3 Dry Granules
5.2.4 Water Dispersible
5.3 Liquid
5.3.1 Water Soluble Concentrate
5.3.2 Suspension Concentrate
5.3.3 Emulsifiable Concentrate
6 Global Herbicides Market, By Type
6.1 Introduction
6.2 Biological
6.3 Chemical/Synthetic
6.3.1 Glyphosate
6.3.2 Diquat
6.3.3 Atrazine
6.3.4 2,4-Dichlorophenoxyacetic acid
6.3.5 Other Chemical/Synthetics
6.3.5.1 Triazine
6.3.5.2 Paraquat
6.3.5.3 Glufosinate
6.3.5.4 Dicamba
6.3.5.5 Acetochlor
7 Global Herbicides Market, By Time of Action
7.1 Introduction
7.2 Pre-Emergence
7.3 Post-Emergence
7.4 Pre Plant
8 Global Herbicides Market, By Method of Application
8.1 Introduction
8.2 Soil
8.3 Foliar
9 Global Herbicides Market, By Crop Type
9.1 Introduction
9.2 Commercial Crops
9.2.1 Wheat
9.2.2 Cotton
9.2.3 Soybean
9.2.4 Corn
9.3 Turf & Ornamentals
9.4 Oilseeds & Pulses
9.5 Fruits & Vegetables
9.6 Cereals & Grains
9.7 Other Crop Types
9.7.1 Nurseries
9.7.2 Lawns
9.7.3 Landscaping
9.7.4 Golf course
9.7.5 Forests
9.7.6 Aquatic Vegetation
10 Global Herbicides Market, By Mode of Action
10.1 Introduction
10.2 Trans Located (Systemic) Herbicide/Non-Selective
10.3 Contact Herbicides/Selective
11 Global Herbicides Market, By Application
11.1 Introduction
11.2 Spraying
11.3 Soil Treatment
11.4 Dusting
12 Global Herbicides Market, By Inhibitor
12.1 Introduction
12.2 Seedling Root Growth Inhibitor
12.3 Pigment Inhibitor
12.4 Nitrogen Metabolism Inhibitor
12.5 Lipid Synthesis Inhibitor
12.6 Growth Regulators
12.7 Cell Membrane Disrupter
12.8 Amino Acid Synthesis Inhibitors
12.9 Photosynthesis Inhibitor
13 Global Herbicides Market, By Molecular Nature
13.1 Introduction
13.2 Inorganic
13.2.1 Salts
13.2.2 Acids
13.3 Organic
13.3.1 Urea
13.3.2 Triazines
13.3.3 Uracil
13.3.4 Thocarbamate
13.3.5 Phenoxy
13.3.6 Dithiocarbamate
13.3.7 Oils
13.3.8 Nitralins
13.3.9 Ditroanilines
13.3.10 Organic Arsenicals
13.3.11 Diphenyl Ether
13.3.12 Carbamate
13.3.13 Bipyridylium
13.3.14 Amides
13.3.15 Benzoic
13.3.16 Aliphatic
14 Global Herbicides Market, By Geography
14.1 Introduction
14.2 North America
14.2.1 US
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 UK
14.3.3 Italy
14.3.4 France
14.3.5 Spain
14.3.6 Rest of Europe
14.4 Asia Pacific
14.4.1 Japan
14.4.2 China
14.4.3 India
14.4.4 Australia
14.4.5 New Zealand
14.4.6 South Korea
14.4.7 Rest of Asia Pacific
14.5 South America
14.5.1 Argentina
14.5.2 Brazil
14.5.3 Chile
14.5.4 Rest of South America
14.6 Middle East & Africa
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Qatar
14.6.4 South Africa
14.6.5 Rest of Middle East & Africa
15 Key Developments
15.1 Agreements, Partnerships, Collaborations and Joint Ventures
15.2 Acquisitions & Mergers
15.3 New Product Launch
15.4 Expansions
15.5 Other Key Strategies
16 Company Profiling
16.1 The DOW Chemical Company
16.2 Syngenta AG
16.3 Platform Specialty Products Corporation
16.4 Nissan Chemical Industries Ltd.
16.5 Monsanto Company
16.6 FMC Corporation
16.7 E.I. Du Pont De Nemours and Company
16.8 Drexel Chemical Company
16.9 BASF SE
16.10 Nufarm Limited
16.11 Corteva Agriscience
List of Tables
1 Global Herbicides Market Outlook, By Region (2020-2028) ($MN)
2 Global Herbicides Market Outlook, By Formulation (2020-2028) ($MN)
3 Global Herbicides Market Outlook, By Solid (2020-2028) ($MN)
4 Global Herbicides Market Outlook, By Wettable Powder (2020-2028) ($MN)
5 Global Herbicides Market Outlook, By Pellets (2020-2028) ($MN)
6 Global Herbicides Market Outlook, By Dry Granules (2020-2028) ($MN)
7 Global Herbicides Market Outlook, By Water Dispersible (2020-2028) ($MN)
8 Global Herbicides Market Outlook, By Liquid (2020-2028) ($MN)
9 Global Herbicides Market Outlook, By Water Soluble Concentrate (2020-2028) ($MN)
10 Global Herbicides Market Outlook, By Suspension Concentrate (2020-2028) ($MN)
11 Global Herbicides Market Outlook, By Emulsifiable Concentrate (2020-2028) ($MN)
12 Global Herbicides Market Outlook, By Type (2020-2028) ($MN)
13 Global Herbicides Market Outlook, By Biological (2020-2028) ($MN)
14 Global Herbicides Market Outlook, By Chemical/Synthetic (2020-2028) ($MN)
15 Global Herbicides Market Outlook, By Glyphosate (2020-2028) ($MN)
16 Global Herbicides Market Outlook, By Diquat (2020-2028) ($MN)
17 Global Herbicides Market Outlook, By Atrazine (2020-2028) ($MN)
18 Global Herbicides Market Outlook, By 2,4-Dichlorophenoxyacetic acid (2020-2028) ($MN)
19 Global Herbicides Market Outlook, By Other Chemical/Synthetics (2020-2028) ($MN)
20 Global Herbicides Market Outlook, By Time of Action (2020-2028) ($MN)
21 Global Herbicides Market Outlook, By Pre-Emergence (2020-2028) ($MN)
22 Global Herbicides Market Outlook, By Post-Emergence (2020-2028) ($MN)
23 Global Herbicides Market Outlook, By Pre Plant (2020-2028) ($MN)
24 Global Herbicides Market Outlook, By Method of Application (2020-2028) ($MN)
25 Global Herbicides Market Outlook, By Soil (2020-2028) ($MN)
26 Global Herbicides Market Outlook, By Foliar (2020-2028) ($MN)
27 Global Herbicides Market Outlook, By Crop Type (2020-2028) ($MN)
28 Global Herbicides Market Outlook, By Commercial Crops (2020-2028) ($MN)
29 Global Herbicides Market Outlook, By Wheat (2020-2028) ($MN)
30 Global Herbicides Market Outlook, By Cotton (2020-2028) ($MN)
31 Global Herbicides Market Outlook, By Soybean (2020-2028) ($MN)
32 Global Herbicides Market Outlook, By Corn (2020-2028) ($MN)
33 Global Herbicides Market Outlook, By Turf & Ornamentals (2020-2028) ($MN)
34 Global Herbicides Market Outlook, By Oilseeds & Pulses (2020-2028) ($MN)
35 Global Herbicides Market Outlook, By Fruits & Vegetables (2020-2028) ($MN)
36 Global Herbicides Market Outlook, By Cereals & Grains (2020-2028) ($MN)
37 Global Herbicides Market Outlook, By Other Crop Types (2020-2028) ($MN)
38 Global Herbicides Market Outlook, By Nurseries (2020-2028) ($MN)
39 Global Herbicides Market Outlook, By Lawns (2020-2028) ($MN)
40 Global Herbicides Market Outlook, By Landscaping (2020-2028) ($MN)
41 Global Herbicides Market Outlook, By Golf course (2020-2028) ($MN)
42 Global Herbicides Market Outlook, By Forests (2020-2028) ($MN)
43 Global Herbicides Market Outlook, By Aquatic Vegetation (2020-2028) ($MN)
44 Global Herbicides Market Outlook, By Mode of Action (2020-2028) ($MN)
45 Global Herbicides Market Outlook, By Trans Located (Systemic) Herbicide/Non-Selective (2020-2028) ($MN)
46 Global Herbicides Market Outlook, By Contact Herbicides/Selective (2020-2028) ($MN)
47 Global Herbicides Market Outlook, By Application (2020-2028) ($MN)
48 Global Herbicides Market Outlook, By Spraying (2020-2028) ($MN)
49 Global Herbicides Market Outlook, By Soil Treatment (2020-2028) ($MN)
50 Global Herbicides Market Outlook, By Dusting (2020-2028) ($MN)
51 Global Herbicides Market Outlook, By Inhibitor (2020-2028) ($MN)
52 Global Herbicides Market Outlook, By Seedling Root Growth Inhibitor (2020-2028) ($MN)
53 Global Herbicides Market Outlook, By Pigment Inhibitor (2020-2028) ($MN)
54 Global Herbicides Market Outlook, By Nitrogen Metabolism Inhibitor (2020-2028) ($MN)
55 Global Herbicides Market Outlook, By Lipid Synthesis Inhibitor (2020-2028) ($MN)
56 Global Herbicides Market Outlook, By Growth Regulators (2020-2028) ($MN)
57 Global Herbicides Market Outlook, By Cell Membrane Disrupter (2020-2028) ($MN)
58 Global Herbicides Market Outlook, By Amino Acid Synthesis Inhibitors (2020-2028) ($MN)
59 Global Herbicides Market Outlook, By Photosynthesis Inhibitor (2020-2028) ($MN)
60 Global Herbicides Market Outlook, By Molecular Nature (2020-2028) ($MN)
61 Global Herbicides Market Outlook, By Inorganic (2020-2028) ($MN)
62 Global Herbicides Market Outlook, By Salts (2020-2028) ($MN)
63 Global Herbicides Market Outlook, By Acids (2020-2028) ($MN)
64 Global Herbicides Market Outlook, By Organic (2020-2028) ($MN)
65 Global Herbicides Market Outlook, By Urea (2020-2028) ($MN)
66 Global Herbicides Market Outlook, By Triazines (2020-2028) ($MN)
67 Global Herbicides Market Outlook, By Uracil (2020-2028) ($MN)
68 Global Herbicides Market Outlook, By Thocarbamate (2020-2028) ($MN)
69 Global Herbicides Market Outlook, By Phenoxy (2020-2028) ($MN)
70 Global Herbicides Market Outlook, By Dithiocarbamate (2020-2028) ($MN)
71 Global Herbicides Market Outlook, By Oils (2020-2028) ($MN)
72 Global Herbicides Market Outlook, By Nitralins (2020-2028) ($MN)
73 Global Herbicides Market Outlook, By Ditroanilines (2020-2028) ($MN)
74 Global Herbicides Market Outlook, By Organic Arsenicals (2020-2028) ($MN)
75 Global Herbicides Market Outlook, By Diphenyl Ether (2020-2028) ($MN)
76 Global Herbicides Market Outlook, By Carbamate (2020-2028) ($MN)
77 Global Herbicides Market Outlook, By Bipyridylium (2020-2028) ($MN)
78 Global Herbicides Market Outlook, By Amides (2020-2028) ($MN)
79 Global Herbicides Market Outlook, By Benzoic (2020-2028) ($MN)
80 Global Herbicides Market Outlook, By Aliphatic (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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