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Global Herbicides Market Size 2018 | Industry Historical Analysis, Competitive Landscape, Demand, Sales Revenue, Emerging Investors, Profits & Analysis

06-18-2018 08:54 AM CET | Health & Medicine

Press release from: Prominent Market Research

Herbicide Market

Herbicide Market

Woodridge, 2018 May (Press Release) - Global Herbicide Market was valued at USD 24.09 Billion in the year 2017. Global Herbicides market is further estimated to grow at a CAGR of 5.64 % from 2018 to reach USD 33.47 Billion by the year 2023.
The Dow Chemical Company (U.S.), Syngenta AG (Switzerland), Monsanto Company (U.S.), Bayer CropScience AG (Germany), FMC Corporation (U.S.), E.I. du Pont de Nemours and Company (U.S.), Nissan Chemical Industries Ltd. (Japan), BASF SE (Germany), Nufarm Ltd (Australia), Sumitomo Chemical (Japan), Bioworks Inc. (U.S.), Drexel Chemical Co. (U.S.) are some of the key players in the Global Herbicides market. Better global reach at the operational level is the main reason the key players are holding substantial market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years. In 2017, BASF collaborated with Monsanto to launch advanced dicamba-tolerant herbicide system with improved dicamba formulations providing farmers the tools they need to combat the yield-robbing weed resistance.

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Key Market Players
The DOW Chemical Company
Syngenta AG
Monsanto Company
Bayer Cropscience AG
FMC Corporation
E.I. du Pont de Nemours and Company
Nissan Chemical Industries Ltd.
BASF SE
Nufarm Ltd
Sumitomo Chemical
Bioworks Inc.
Drexel Chemical Co.

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Drivers:
Increasing labor costs and labor shortage
Increasing use of herbicide as weed/undesirable plants control agent
Growing cultivation of genetically modifies (GM) crops
Restraints:
Rising sale of non-genuine products
Stringent environment regulations across the world

Opportunities:
High opportunities in Asia-pacific region
Growing preference for herbicides

Challenges:
Low focus on R&D due to high costs
The outbreak of herbicide-resistant weeds
The segmentation are done on the basis of Type, by application, by crop type and by region. On the basis of types, the global Herbicide market is sub segmented Diquat, Glyphosate, 2,4-D and others of which the glyphosate segment is expected to hold the highest market share during the forecast period due to vide application, convenience in use and high demand.

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The segmentation done on the basis of application includes Pre-emergent and Post-emergent. On the basis of crop type industry the market is segmented as cereals & grains, fruits & vegetables, Oilseeds & Pulses and Others of which cereals crop type is expected to grow at the highest CAGR during the forecasted period due to rise in consumption and rapidly growing population.

Key Benefits for Stakeholders
Herbicide Manufacturers, Distributors and Retailers
Regulatory bodies, Research and Consulting Organization
Food and agriculture industry
End use industries

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By Type
Diquat
Glyphosate
2, 4-D
Other

By Application
Pre-emergent
Post-emergent

By Crop type
Cereals & Grains
Fruits & Vegetables
Oilseeds & Pulses
Others

Contact Us:
Robin,
Sales Executive,
Tel- +1-815-957-4373
E-Mail- sales@prominentmarketresearch.com

Prominent market Research was established in 2018 with an energetic team of competent professional to take on the challenges of market analysis in the capacity of market insight needs. We deliver the benefits of this expertise to you through our market research insights and people to help you make better decisions and achieve better results.

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