DEC 2017

Herbicides Market - Industry Growth, Trends and Forecasts (2017 - 2022)

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The global herbicides market was USD 2061.94 Million in 2016 is expected to grow even further during the forecast period from 2017 to 2022. Herbicides constitute the largest category of pesticides accounting for more than 40% of market share.

Glyphosate is one of the most widely sold active ingredients in the herbicide market. Glyphosate, under the brand name of Roundup from Monsanto is one of the largest selling herbicide brand in the world.”

Market Dynamics

With the rising labor cost and increasing shortage of labor, 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. Many countries are banning the use of synthetic herbicides, in 2015 Germany, France and Switzerland had joined the global glyphosate banning movement. Health professionals in Brazil and Argentina are also filing petitions for banning this herbicide based products. Herbicides current market conditions in EU will lead to slow market growth in this segment. Also, Canada, Brazil, Srilanka, 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 a slowdown 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.

Market Segmentation

Herbicides market has been 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 is expected to emerge as the fastest growing market. 

Key Companies Included in the Report are:

  • Monsanto
  • DuPont
  • FMC Corp
  • Syngenta

New product registrations, acquisitions, and mergers are the key strategies followed by the major companies in the industry. 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

  • Market analysis for the global herbicides market, with region specific assessments and competition analysis.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.
  • Extensively researched competitive landscape section with profiles of major companies along with their market shares.
  • Identification and analysis of the macro and micro factors that affect the Global Herbicides Market.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.

The report holds importance for the following stakeholders-

  • Producers and manufacturers
  • Enterprises operating in the industry
  • Traders and stakeholders operating in the sector
  • Investors/research institutions interested in the market

Customization Options:

  • Supply chain analysis
  • Trade analysis
  • Trend analysis
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