Herbicides Market 2018 Flourishes with International Prestigious Players | BASF SE, The Dow Chemical Company, Monsanto Company, FMC Corporation, Bayer AG

Market Scenario:
Herbicides help in improving agricultural productivity by killing unwanted herbs and weeds in the plantation. Increasing population and growing demand for food has led to the need for high agricultural productivity which is driving the growth of the herbicides market. Moreover, limited availability of cultivable land is boosting the demand for herbicides to increase farm productivity.

Growing acceptance of modern farming is adding fuel to the growth of herbicides market. Owing to the improved efficiency of crops through herbicides, major players are investing in research and development which is further boosting the growth of global herbicides market. However, hazards associated with synthetic herbicides have led to several stringent regulations on the use of herbicides which may hamper the growth of herbicides market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 5.9% of herbicides market during the forecast period 2017-2023.
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Key Players:
Some of the key players profiled in the global herbicides market are BASF SE (Germany), The Dow Chemical Company (U.S.), Monsanto Company (U.S.), FMC Corporation (U.S.), Bayer AG (Germany), Agrium Inc (Canada), PI Industries (India)

Key Findings:
Bio based herbicides are expected to offer huge growth opportunity in North America and Europe.

Synthetically produced herbicides are gaining popularity globally owing to low cost and higher efficiency

Intended Audience:
Herbicides manufacturers

Food Industry

Agriculture Industry

Traders, importers and exporters

Segments:
Herbicides market is segmented on the basis of active ingredients such as Glyphosate, 2, 4-D, Atrazine, Dicamba, Diquat, Acetochlor, and others. Among them 2, 4-D is the first chemical herbicide discovered and remains one of the most commonly used herbicides owing to its low cost and effective usage. However, Glyphosate is the fastest growing segment. RoundUp, which is the most used herbicide globally contains active ingredient glyphosate.

Based on the type, herbicides market is segmented into pre-plant, pre-emergent, and post- emergent herbicides. The post-emergent herbicide is further segmented into selective and non-selective herbicides. Among all, post emergent herbicide is the fastest growing segment.

On the basis of method of application, herbicides market is segmented into soil and foliar. Foliar applied herbicides are dominating the market and is expected to grow substantially over the forecast period.

Based on the application of herbicides, the market is segmented into oilseeds & pulses, cereals & grains, fruits & vegetables, and others. Among all, cereals & grains are dominating the market. However, fruits and vegetables are expected to witness substantial growth over the forecast period.

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Regional Analysis:
The global herbicides market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific dominates the market and is projected to witness substantial growth over the estimated period. India and China which are two of the largest countries in terms of population are majorly contributing the growth of herbicides in this region.

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This release was published on openPR.