Worldwide Demand for Herbicides Market is Rapidly Increasing I Top companies in Current Competition are Continental BASF, Bayer AG, DowDupont, Syngenta AG, FMC Corporation, Adama Agricultural Solutions Ltd, and Nufarm Ltd

Market Overview:

The Global Herbicides Market was valued at USD 27.60 billion in 2016 and is projected to reach USD 46.15 billion by 2025, growing at a CAGR of 5.88% from 2017 to 2025.

The Herbicides market is growing at a rapid rate due to the increase in crop production, to feed the rising population. They are synthetic crop products that kill unwanted vegetation such as weeds that grow around crops. Herbicide products are being banned due to the increase in demand for bio-based products. Rise in global population would increase the crop production for sufficient food items. Herbicides are used in turf management and agricultural production.

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Herbicides are pesticides used to kill unwanted plants. Herbicides are generally used to clear waste ground, industrial sites and kill all plant material with which they come into contact. Herbicides are widely used in agriculture and landscape turf management. Herbicides are toxic in nature and cause several health diseases with the direct contact. Health effects ranging from skin rashes to death can arise from intentional or unintentional direct consumption of herbicides. In addition, improper application resulting in the herbicide coming into direct contact with people or wildlife. Herbicides are used to protect wide variety of grains, cereals, oilseeds, vegetable crops from infestation of weeds.

On the basis of product type, Herbicides market can be segmented into Atrazine, Acetochlor, Glyphosate and others. On the basis of crop type, herbicides market is classified as Oilseeds, Cereals & grains, Fruits & Vegetables and others.

North America is the largest market for herbicides, followed by Europe and Asia Pacific. Asia Pacific is expected to be the fastest growing market. China and India hold the key for future market trends in herbicides market due to changes in farming practices, rapid growth in agriculture sector and increasing acceptance of modern farming and protected agriculture in these regions.

Some of the major drivers contributing the overall market growth of herbicides include limited availability of cultivable land, change in farming practices and technology and increasing acceptance of modern farming and protected agriculture. Growing concern towards environment and genetically modified crops are some of the major restraints for herbicides market. Strict approvals and regulations and ban and restriction imposed by regulatory authority are expected to pose severe challenge to the growth of herbicides market. Rapid growth in the organic herbicides market can act as an opportunity for herbicides market.

Some of the major companies operating in the herbicides market include Chemtura Corporation, Dow Chemical Company, Cheminova A/S, BASF, Monsanto Company, Nissan Chemical Industries Ltd, Syngenta AG, Drexel Chemical Company, E.I. Dupont De Nemours & Company, Nufarm Limited, FMC Corporation, Marrone Bio Innovations Inc., Valent Biosciences Corp and Wilbur-Ellis Company.

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Key points covered in the report

Report segments the market on the basis of types, application, products, technology, etc (as applicable)
The report covers geographic segmentation

North America
Europe
Asia
RoW
The report provides the market size and forecast for the different segments and geographies for the period of 2019 to 2025
The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.

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This release was published on openPR.