Herbicide Market Size, Share, Demand, Scope and Forecast to 2026

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The Global Herbicide Market is expected to exceed the valuation of USD 39.8 billion by the year 2026, growing at a CAGR of around 5% through the years. This report on the herbicide market studies the essential factors such as the size, share, demand, growth, gross profits, earnings, and re

The Global Herbicide Market is expected to exceed the valuation of USD 39.8 billion by the year 2026, growing at a CAGR of around 5% through the years. This report on the herbicide market studies the essential factors such as the size, share, demand, growth, gross profits, earnings, and revenue to evaluate the rise of the industry in the future. It assesses the data gathered from the past years 2016 and 2017 to give an extensive view of the trends and predicts the possible rise of the industry during the years 2019 to 2026 while considering 2018 as the base year.

Herbicides, also known as weedkillers, are substances that are used to kill the unwanted plant. Based on the mode of action, it is categorized into two types- Selective herbicide and Non-Selective herbicide. Selective herbicides are used to clear select weed species and leave the crop unharmed, whereas, non-selective herbicides are used to clear all sorts of plant material on coming in contact with it. Non-selective herbicides are used to clear off waste grounds, industrial and construction sites, and such. Most of the herbicides are applied in the form of water-based sprays using ground equipment. The ground equipment varies in the design and sizes. Large areas can be sprayed by using self-propelled sprayers equipped with long booms. Towed, handheld and horse-drawn sprayers are also used, while to cover an even greater area, helicopters, airplanes, and irrigation system (Chemigation) are used.

The increasing need for better crop yield and the reduction of arable land has prompted an increase in the demand for herbicides, is the primary driving factor of the market. Herbicides also decrease the need for manual and mechanical weeding. This is boosting its demand, particularly in developing economies. On the downside, the use of inorganic herbicides has a potential risk factor associated with environmental health. It can harm the aquatic life and bees too, but more importantly, it can also cause health problems. Some of it can cause problems ranging from rashes to even death. These are the restraining factors on the growth of the market. Nonetheless, the development of bio-based herbicide is expected to offer new opportunities for growth during the forecast period.

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Top Players in the Global Herbicide  Market:

  • BASF
  • Bayer
  • DowDupont
  • Syngenta
  • FMC Corp.
  • ADAMA Ltd.
  • Nufarm Ltd

 

Market segmentation based on Type Outlook:

  • Synthetic
  • Bio-Based
  • Others

Mode of Action Outlook:

  • Selective
  • Non-Selective

Crop Type Outlook:

  • Grains and Cereals
  • Oilseeds
  • Fruits Vegetables
  • Turfs Ornamentals
  • Others

Regional Outlook:

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • K.
    • Italy
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East Africa
    • Saudi Arabia
    • A.E.
    • South Africa
    • Rest of MEA

Frequently Asked Questions Answered in the Report:

  • What is the estimated revenue growth rate of the global Herbicide market over the forecast period?
  • What are the major factors driving the global market revenue growth?
  • Which are the leading manufacturers and suppliers in the global Herbicide market?
  • Which regional market is expected to lead in terms of revenue share in the global Herbicide market over the forecast years?
  • What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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