The global herbicides market reached a value of US$ 30.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 39.34 Billion by 2027, exhibiting a CAGR of 4.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Herbicides are substances utilized for destroying unwanted vegetation that may interfere with the growth and yield of desired crops. They are highly effective on perennial and parasitic weeds and closely planted crops compared to manual and mechanical weeding. They are safe on erodible and sloppy lands where tillage may promote soil and water erosions. Apart from this, they offer several benefits, such as high efficiency, easy application, cost-effectiveness, early and timely planting of crops, and lesser loss of nutrients and moisture from the soil.
Herbicides Market Trends:
At present, there is a rise in the utilization of herbicides for improving agricultural productivity by killing unwanted weeds and herbs during the plantation to meet food requirements across the globe. This represents one of the key factors driving the market. Moreover, there is an increase in the employment of non-selective herbicides to clear industrial and construction sites and railway ridges worldwide. This, coupled with the escalating demand for bio-based herbicides, which control the glyphosate-tolerant crops by using the existing spraying technology, is propelling the growth of the market. In addition, key market players are extensively investing in research and development (R&D) activities to develop new herbicides. Besides this, farmers are adopting unconventional farming practices to increase the crop yield in less crop cultivable land due to a shortage of labor. In line with this, the expanding agrochemical industry around the world is offering lucrative growth opportunities to industry investors. Apart from this, governments of several countries are undertaking initiatives to educate farmers about the concentration of herbicides used in the soil. This is projected to bolster the growth of the market in the forecasted period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global herbicides market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, mode of action and application.
Breakup by Type:
- Synthetic
- Glyphosate
- Atrazine
- 2,4-Dichlorophenoxyacetic Acid
- Acetochlor
- Paraquat
- Others
- Bio-Herbicides
Breakup by Mode of Action:
- Selective Herbicides
- Non-Selective Herbicides
Breakup by Application:
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Turf and Ornamentals
Breakup by Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Bayer AG, Corteva Inc., Drexel Chemical Company, FMC Corporation, Heranba Industries Ltd., Nissan Chemical Corporation, Nufarm, Sumitomo Chemical Co. Ltd., Syngenta Group (China National Chemical Corporation), UPL Limited and Wilbur-Ellis Company LLC.
Key Questions Answered in This Report:
- How has the global herbicides market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global herbicides market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the mode of action?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global herbicides market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Herbicides Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Synthetic
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Glyphosate
- 6.1.2.2 Atrazine
- 6.1.2.3 2,4-Dichlorophenoxyacetic Acid
- 6.1.2.4 Acetochlor
- 6.1.2.5 Paraquat
- 6.1.2.6 Others
- 6.1.3 Market Forecast
- 6.2 Bio-Herbicides
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Mode of Action
- 7.1 Selective Herbicides
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Non-Selective Herbicides
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Grains and Cereals
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Pulses and Oilseeds
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Commercial Crops
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Fruits and Vegetables
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Turf and Ornamentals
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 BASF SE
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Bayer AG
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Corteva Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Drexel Chemical Company
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 FMC Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Heranba Industries Ltd.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Nissan Chemical Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Nufarm
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Sumitomo Chemical Co. Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Syngenta Group (China National Chemical Corporation)
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 SWOT Analysis
- 14.3.11 UPL Limited
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Wilbur-Ellis Company LLC
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials