The global herbicides market was USD 2061.94 Million in 2016 and is expected to reach USD XX Million by 2022, registering a CAGR of XX% during the forecasted period from 2017 to 2022. Herbicides constitute the largest category of pesticides accounting for more than 40% of market share. Herbicides are the pesticides that are used to kill unwanted plants or weeds in the agricultural fields. With the rising labor cost and shortage, farmers are inclined to use herbicides. The most commonly used synthetic herbicides include 2, 4-D, atrazine, glyphosate, glufosinate ammonium, paraquat, pendimethalin, dicamba, fluroxypyr, and metalochlor. However, the growth of the market is derived mostly by glyphosate. Glyphosate- under the brand name of Roundup from Monsanto is the widest selling herbicide. It is a broad-spectrum, non-selective, systemic herbicide and account for XX% of global non-selective herbicides market. However, many countries are banning the use of synthetic herbicides, in 2015 Germany, France and Switzerland have joined the global glyphosate banning movement. Health professionals in Brazil and Argentina are also filing petitions for banning this herbicide based products. The herbicide ban movement in EU will lead to slow market growth in this segment. Also, Canada, Brazil, Sri Lanka and the Netherlands are also expected to impose restrictions or bans on glyphosate, the main ingredient in Monsanto’s Roundup weed killer, the most heavily used pesticide in the United States. This will lead to slow down in glyphosate sale, however, bioherbicides are offering promising alternatives to synthetic herbicides. The growing demand and increasing R&D on bioherbicides will drive the market growth of the segment. This market can be broadly segmented into product type-synthetic herbicides and bioherbicides. It also analyzes the global market for herbicides by application area, including Crop-Based Applications (Grains & Cereals, Oilseeds, and Fruits & Vegetables) and Non-Crop-Based Applications (Turf & Ornamental Grass and Other Applications). Synthetic herbicides dominate the global scenario in terms of volume consumption and value demand. By application area, crop-based end-uses of herbicides are likely to maintain the fastest growth in terms of volume consumed and value demand during the similar period and retain the leading ranking in terms of the largest application area. Despite being the largest market for Pesticides, demand growth in North America is likely to be the slowest, while South America followed by Asia Pacific are expected to emerge as the fastest growing market. Major companies covered in the report include American Vanguard, Arysta LifeScience, BASF SE, Bayer CropScience, BioWorks, Cheminova, Chemtura Corp, Chr Hansen, Dow AgroSciences, DuPont, FMC Corp, Isagro SpA, Ishihara Sangyo Kaisha, Makhteshim Agan, Marrone Bio Innovations, Monsanto, Natural Industries, Novozymes A/S, Nufarm Ltd, Sumitomo Chemical, Syngenta AG and Valent Biosciences. The key strategies used by companies in this market are new product registrations, acquisitions to enter new markets. The focus in this industry should be on integrated pest management techniques and sustainable practices for an improved yield without harming the environment.
Key Deliverables in the Study