Global Herbicides Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global herbicides market is segmented by Origin (Synthetic, Bio-Based), by Application ( Crop-based - Grains and Cereals, Oilseeds, Fruits and Vegetables & Non-Crop based - Turfs and ornamentals, Others), and by Geography (North America, Europe, Asia-Pacific, South America, and Africa).

Market Snapshot

fertilizer additive market
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

South America

Largest Market:

Asia Pacific

CAGR:

2.1 %

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Market Overview

The global herbicide market is projected to register a CAGR of 2.1% during the forecast period (2020-2025). In 2019, Asia-Pacific was the largest geographical segment of the market studied and accounted for majority of share of the overall market. The changing climatic condition and the dimnishing arable land and increasing food demand are the major two driving factors for the global herbicide market. Despite various government policies to control the usage of the pesticide, integrated pest management is paving a way for pest management without causing damage to our environment. This gives the pesticide manufacturers a great opportunity to tap the market potential. Under the severe COVID-19 epidemic situation prevailing across the globe, there are various challenges such as work resumption delay or even production suspension, delayed logistics, shortage of raw materials, and limited import and export activities, which pose an unprecedented challenge to emergency response ability for herbicide manufacturers globally. However, with accelerating integration in pesticide industry including herbicides, large-scale manufacturers exhibit great capability in face of the epidemic, especially those manufacturers that strengthen their own competitiveness and produce upstream and downstream intermediates by themselves which is anticipated to bolster the market growth even if the pandemic is extended to the third quarter of 2021.

Scope of the Report

Herbicide, a generally chemical agent, used to kill or inhibit the growth of unwanted plants, such as residential or agricultural weeds and invasive species. The ease of application is a big advantage of chemical herbicides over mechanical weed control, which often saves on labor costs. Global herbicides market is segmented by Origin (Synthetic, Bio-Based), by Application ( Crop-based - Grains and Cereals, Oilseeds, Fruits and Vegetables & Non-Crop based - Turfs and ornamentals, Others), and by Geography (North America, Europe, Asia-Pacific, South America, and Africa).

Origin
Synthetic
Bio Based
Application
Grains & Cereals
Pulses & Oilseeds
Commercial Crops
Fruits & Vegetables
Turf & Ornamentals
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

Diminishing Arable Land and Increasing Food Demand

The global population is increasing exponentially. According to the US Population Division, the world’s human population has increased nearly fourfold in the past 100 years and is projected to reach 9.2 billion by 2050. Although the new plant technologies are continuously being developed to fight pest attacks, they are also leading to the development of new strains of pests developing resistance to the technology. Supplying food to this growing population has become a global threat due to decreasing Per capita farmland, various crop pests including weeds. According to the UN Population Division, the largest population increase is projected to occur in Asia (particularly in India, China, and Southeast Asia), accounting for 60% or more of the global population, by 2050. Large quantities of crop protection chemical including herbicide are expected to be required in this region, in order to increase food production for the growing population.

Herbicides market industry1

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South America Dominates the Market

South America is projected to become the largest market for herbicide during the forecast period 2020-2025. The herbicides market witnessed significant number of acquisitions, accounting for its sizable share. The most commonly used synthetic herbicides include glyphosate 2, 4-D, atrazine, glufosinate-ammonium, paraquat, pendimethalin, dicamba, fluroxypyr, and metolachlor. However, the growth of the market is mostly driven by the application of glyphosate. Soybean, maize, cotton, and wheat are the major crops dominating the sales of herbicide in the country. In the maize crop, atrazine, glyphosate potassium salt, glyphosate isopropylamine salt, and acetochlor are some of the majorly used active ingredients. Initially, herbicides are used in agriculture to suppress the weed growth, but research conducted by the University of Montana has revealed that the herbicides are now used in the wildlands and other natural areas to suppress the growth of the plant breeds other than the native breeds in South America. This makes the South American market the fastest growing market during the forecast period. 

2019

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Competitive Landscape

The herbicide market is a concentrated market with few major players like BASE SE, Corteva Agriscience, American Vanguard Corporation, and Bayer AG. Mergers, acquisitions, partnership, expansions, innovation, and new products are the few strategies adopted by the major players in the market. For instance in 2018, BASF acquired parts of the Seed and Non-selective Herbicide businesses of Bayer CropScience AG.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions and Market Definition

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitutes

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Origin

      1. 5.1.1 Synthetic

      2. 5.1.2 Bio Based

    2. 5.2 Application

      1. 5.2.1 Grains & Cereals

      2. 5.2.2 Pulses & Oilseeds

      3. 5.2.3 Commercial Crops

      4. 5.2.4 Fruits & Vegetables

      5. 5.2.5 Turf & Ornamentals

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most adopted strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Adama Agricultural Solutions

      2. 6.3.2 Bayer CropScience SE

      3. 6.3.3 Corteva Agriscience

      4. 6.3.4 American Vanguard Corporation

      5. 6.3.5 BASF SE

      6. 6.3.6 FMC Corporation

      7. 6.3.7 Syngenta International AG

      8. 6.3.8 Nufarm Limited

      9. 6.3.9 UPL Limited

      10. 6.3.10 Sumitomo Chemical Company Ltd.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESSMENT OF THE IMPACT OF COVID-19

**Subject to Availability

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Frequently Asked Questions

The Global Herbicides Market market is studied from 2016 - 2026.

The Global Herbicides Market is growing at a CAGR of 2.1% over the next 5 years.

South America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

  • ADAMA
  • BASF-SE
  • Bayer AG
  • AMVAC
  • Corteva Agriscience

Are the major companies operating in Global Herbicides Market.

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