$31.5 Billion At CAGR of 5.4%, Herbicides Market Poised For Dramatic Expansion By 2020

Global herbicide market is expected to garner $31.5 billion by 2020, registering a CAGR of 5.4% during the forecast period 2014-2020. Herbicides are specific category of pesticides used to control unwanted plants during cultivation. They are mainly used in agricultural production and turf management.

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Asia-Pacificis the dominant market in terms of consumption of herbicides (around two fifth of market share). On the other hand, due to relatively higher price of herbicides in the North American region, the revenue generated equates to almost one third of global herbicide market. France leads the European Herbicides Market, as the country produces large volume of wheat where herbicide is used. In the recent era, economic development in rural China caused farmers of the country to showcase interest in chemical herbicide usage. Currently, China consumes more than 50% of herbicide in Asia-Pacific region. The synthetic herbicide dominates the global herbicide market due to its abundant commercial availability, cost efficiency, and limited commercialization of Bio herbicides.

Glyphosate, a glycine derivative broad-spectrum & non-selective herbicide holds the largest market share among other herbicides, globally. Furthermore, it kills weeds more effectively without affecting crops compared to other commercially available herbicides. Renowned chemical manufacturers such as DuPont and BASF are manufacturing glyphosate under brand names Abundit Extra, KIXOR, respectively. However, usage of 2,4-D, is banned in countries such as Canada, Denmark and Norway due to the high level of dioxin contamination and risk of spreading cancer. Currently, the usage of organic herbicide, as a replacement of 2,4-D, is being considered globally; although, the effectiveness of organic herbicides to control weed is still under research.

Currently, bio herbicide is a niche segment of the global herbicides market. These are composed of microorganisms such as fungi, bacteria and insects that can target only specific weeds without harming actual crops. Currently, commercial production of such herbicide is very low. However, due to lack of chemical toxicity & milder effect on environment, popularity of bio herbicide as compared to synthetic herbicide is growing. Considering the potential of bio herbicides, companies such as Bioherbicides Australia, are focusing on R&D and commercializing bio herbicides. Myco-Techpaste and Sarritorare, two Canadian brands of bio herbicides, which are currently commercially available.

Among different crop types, herbicide usage is highest in cereals & grains (namely maize, rice, wheat and others).Asia-Pacific region (Mainly China,India and Japan) being the major production hub of cereals & grains, consumes nearly three fourth of total herbicide consumption in this category.

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The key companies profiled in the report are

• BASF,
• Bayer AG,
• DOW Agriscience LLC,
• Syngenta AG,
• Cheminova A/S,
• FMC Corporation,
• Adama Agricultural Solutions Ltd,
• Nufarm Ltd,
• E.I Du Pont de Numerous and Company and Monsanto Company.

BASF has announced to invest$270 millionin the USA market to expand its production capacity of company's key herbicides, such as dicamba and DMTA. Dow AgroSciences has started the registration process for its Enlist Duo herbicides, widely used for weed control. Syngeta AG developed corn herbicides named Acuronas a weed resistance solution.

Table Of Content

Chapter: 1 INTRODUCTION
1.1 Report Description
1.2 Key benefits
1.3 Key market segments
1.4 Key audience
1.5 Research methodology
1.5.1 Secondary research
1.5.2 Primary research
1.5.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY
2.1 CXO prospective
2.2 Market Beyond: what to expect by 2025
2.2.1 Moderate growth scenario
1.1.1 Rapid growth scenario
2.2.2 Diminishing growth scenario

Chapter: 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Highlight on addressable market
3.3 EPA Enlistment of Dual Herbicide Resistant GMO
3.4 Fall Herbicide Application for Spring Benefit
3.5 Upcoming Challenge: Emergence of Multiple Herbicide Resistance Weed
3.6 Post-emergent Herbicide may be benefitted by Postcode Decision Support System
3.7 Key findings
3.7.1 Top impacting factors
3.7.2 Top Wining Strategies
3.7.3 Top investment pockets
3.8 Porter’s Five Force Analysis
3.9 Value Chain Analysis
3.10 Market share analysis 2013
3.11 Market Dynamics
3.11.1 Drivers
3.11.1.1 Advancements in farming practices
3.11.1.2 Rising herbicide resistance in weeds in North America
3.11.1.3 Growing demand in agriculture rich countries
3.11.1.4 Unavailability of fertile land
3.11.1.5 Decrease in labourers and consequential rise in labour cost
3.11.2 Restraints
3.11.2.1 Health hazards by herbicides and growing health concern
3.11.2.2 Adverse effect on environment
3.11.3 Opportunities
3.11.3.1 Potential in Asia-Pacific and Latin American
3.11.3.2 Prompt acceptance of bio-herbicides
3.12 Government bodies and regulations

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