Herbicides are essential agrochemicals which helps in preventing the growth of weeds. The market for herbicides is growing at an incremental pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Herbicides Market Research Report- Forecast to 2023 that the market will demonstrate at a significant CAGR % while achieving million dollar growth readily in the forecast period.
Global Key Players and Competition Analysis
Some of the key players profiled in the global herbicides market are BASF SE (Germany), The Dow Chemical Company (U.S.), Monsanto Company (U.S.), FMC Corporation (U.S.), Bayer AG (Germany), Agrium Inc (Canada), PI Industries (India)
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Segmentation Analysis
Herbicides market is segmented based on active ingredients such as Glyphosate, 2, 4-D, Atrazine, Dicamba, Diquat, Acetochlor, and others. Based on method of application, herbicides market is segmented into soil and foliar. Foliar applied herbicides are dominating the market and is expected to grow substantially over the forecast period. Based on the application of herbicides, the market is segmented into oilseeds & pulses, cereals & grains, fruits & vegetables, and others. Among all, cereals & grains are dominating the market. However, fruits and vegetables are expected to witness substantial growth over the forecast period.
Regional Analysis
North America is the second largest consumer for herbicides. However, stringent environmental regulations in the developed economies of North America and Europe are expected to restraint market growth in these regions. In rest of the world, South America is dominating the market.
Market Scope
Herbicides are used to kill unwanted plants without causing any harm to the plants and increase agriculture productivity. They are applicable to oilseeds & pulses, cereals & grains, fruits & vegetables, and others. Continuous rising population is increasing demand for high agricultural productivity and driving the growth of global Herbicides Market.
Browse the market data and information spread across 110 pages with 30 data tables and 17 figures of the report “Herbicides Market Research Report- Forecast till 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/herbicides-market-4853
Industry News
Oct 2017 BASF SE launched Zidua SC herbicide. The product has been made especially for the corn, cotton, peanuts, soybeans, sunflowers and wheat.
Oct 2017 BASF SE signed an agreement to acquire significant parts of Bayer’s seed and non-selective herbicide businesses. The acquisition will help the organization to increase the product line of herbicides.
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