Market Trends of asia pacific herbicide Industry
Increased weed infestations in major crops like rice need efficient weed control, boosting the per hectare herbicide consumption
- In the Asia-Pacific region, the use of herbicides per hectare significantly increased over the historical period. This is due to the prevalence of weeds in agriculture, which are acting as vectors for a variety of diseases, resulting in an increase in fungal infections and crop loss in the region. Japan experienced a significant rise in herbicide consumption per hectare over the historical period, which was estimated to be approximately 7% higher than the rest of the Asia-Pacific region. The increasing use of herbicides per hectare in the country is attributed to a combination of factors, including the aging of farmers, a lack of labor, and an increase in agricultural land. This resulted in a shift from manual weeding to the use of herbicides for weed management in major crops such as rice and soybeans.
- Myanmar ranks second in the region in terms of herbicide consumption per hectare, with 2,200 grams of herbicide per hectare consumed in 2022, an increase over the 1,600 grams consumed in 2017. This increase is largely attributed to the implementation of appropriate weed management techniques to control weeds and enhance agricultural production in key crops such as rice. The average yield losses in rice crops due to weeds are approximately 65% and 34% in the dry and wet seasons, respectively. Farmers in the country are majorly reliant on herbicide products to control weeds in major crops, which has led to increased consumption of herbicides per hectare.
- Overall, in the Asia-Pacific region, herbicide use per hectare increased Y-o-Y in all countries except China, as weed infestations increased in the major crops. However, China is using other weed control methods as it implements zero growth policies in pesticides.
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Climate change causing stress to crop plants, thus leading to increased weed growth driving the market
- Metribuzin is a selective and systemic herbicide used to control broadleaf weeds in major crops like corn, sugarcane, potatoes, and tomatoes by inhibiting photosynthesis. In 2022, it was priced at USD 16.6 thousand per metric ton.
- Atrazine is an herbicide widely used for the control of broadleaf and grassy weeds like Echinocloa, Elusine spp., and Amaranthus viridis in maize and rice crops. The herbicide was valued at a price of USD 13.8 thousand in 2022.
- Paraquat is the active ingredient in Gramoxone, which is used to control weeds and grasses. It is also used for the desiccation of crops, like cotton, prior to harvest. Paraquat was valued at a price of USD 4.6 thousand per metric ton in 2022. China is a major paraquat export country, and over 80% of its paraquat output is exported to countries worldwide.
- Pendimethalin is a selective pre-emergence herbicide valued at USD 3.3 thousand per metric ton in 2022. It offers broad-spectrum control of annual grasses and broadleaf weeds in potato, tobacco, sorghum, rice, and sugarcane crops. Similarly, 2,4-dichlorophenoxyacetic acid (2,4-D) is a common systemic herbicide that was valued at a price of USD 2.3 thousand per metric ton in 2022. It is used in the control of broadleaf weeds in turf, lawn, field, fruit, and vegetable crops.
- Glyphosate is an organophosphorus broad-spectrum systemic herbicide and crop desiccant, priced at USD 1.1 thousand per metric ton in 2022. Glyphosate is mainly used to control weeds like grasses, sedges, and broadleaves.
- Climate change can cause damage and stress to plants and be detrimental to plant health as they cannot survive in extreme stress conditions, leading to increased weed growth. This further leads to an increase in herbicide demand, thereby boosting the prices of active ingredients.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increased weed infestations in major crops like rice need efficient weed control, boosting the per hectare herbicide consumption
