Market Trends of europe herbicide Industry
Farmers are expected to increasingly rely on herbicides as a key tool to manage weed challenges
- Europe has experienced substantial growth in the consumption of herbicides, primarily driven by various factors. One significant factor is the shortage of workers available for manual weeding, as millions of people have migrated from rural to urban areas. As a result, herbicide usage has emerged as an effective and cost-efficient method to enhance both the quality and quantity of crop yields. This trend was particularly notable from 2019 to 2022, with herbicide consumption in the region increasing by 31.4%.
- Among European countries, Germany and France have high herbicide usage rates compared to others in the region. In 2022, Germany recorded a usage rate of 3.1 thousand per hectare, while France followed closely with 2.8 thousand per hectare. These countries heavily rely on the application of chemical pesticides, including herbicides, to ensure the stability, quantity, and food security of their agricultural production. The persistence and adaptability of weeds have necessitated higher rates of herbicide application in these regions.
- Furthermore, the increasing European population has projected a rapid growth in food demand over the next three decades. Consequently, the demand for herbicides is also expected to rise to meet the increasing need for food production by increasing the yield and protecting crops from harmful weeds.
- Therefore, the rising demand for food, labor shortages, and climate change are expected to drive the consumption of herbicides during the forecast period (2023-2029). Farmers will increasingly rely on herbicides as a key tool over the coming years to address these challenges and meet the increasing food demand, ensuring sustainable agricultural productivity.
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Among countries in Europe, the price of glyphosate in 2022 was highest in Germany and France, priced at USD 1.15 thousand per metric ton
- In 2022, Metribuzin was valued at USD 16.7 thousand per metric ton. It represents a synthetic organic compound widely utilized as a herbicide with selective control over specific broadleaf weeds and grassy weed species. The applications of Metribuzin are used in vegetable and field crops, turf grasses in recreational areas, and non-crop areas. Its available formulations include wettable powder, emulsifiable concentrate, water-dispersible granules (dry flowable), and flowable concentrate. Various methods, such as aerial, chemigation, and ground application, are employed for Metribuzin's application.
- Pendimethalin is a pre-emergence herbicide with residual activities that deliver broad-spectrum control against annual grasses and broadleaf weeds across different crops, including horticultural, turf, and forestry. Its primary mode of action involves inhibiting cell division and elongation in susceptible weeds, thus impeding root and shoot growth. In 2022, this herbicide was priced at USD 3.3 thousand per metric ton.
- Glyphosate-based herbicides maintain their position as the most widely used herbicide in Europe, which accounts for 33% of the EU herbicide market. In 2022, the price of glyphosate-based herbicides stood at USD 1.2 thousand per metric ton. The usage of glyphosate-based herbicides continues to witness significant growth, while sales in Europe, especially in larger agricultural member states of the European Union, remain substantial. Data from the Farm Accountancy Data Network (FADN) indicates a general increase in farmers' spending on pesticides.
- Among EU countries, the price of glyphosate in 2022 was highest in Germany and France, each priced at USD 1.15 thousand per metric ton, followed by the United Kingdom at USD 1.14 thousand per metric ton.
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