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Herbicides Market Report 2023-2032: Market Size, Growth, Trends And Analysis | Adama Agricultural Solutions Ltd., Basf Se, Bayer Ag, Dowdupont, FMC Corporation.
Herbicides Market
The Business Research Company's Herbicides Global Market Report 2023 identifies world population is growing as the major driver for the Herbicides market's growth in the forecast period. An increase in the population creates more demand for food. Crop production, farming activities, and trade volumes will have to increase to meet the increased population. Additionally, farmers and commercial farming companies will increase acquisitions of arable land to increase crop production, and this is expected to increase the demand for herbicides and boost market growth.
The global herbicides market size will grow from $34.37 billion in 2022 to $38.04 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global herbicides market size is expected to grow from $57.39 billion in 2027 at a CAGR of 10.8%.
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Major competitors in the Herbicides market are Adama Agricultural Solutions Ltd., Basf Se, Bayer Ag, Dowdupont, FMC Corporation.
A key trend in the Herbicides market includes usage of synthetic herbicides. Generally, herbicides are a single substance or mixture of substances used to control, destroy, and repel weed growth. Most of the herbicides cause breathing problems, digestion problems, and skin irritation due to the presence of chemical substances in them. According to an Australian study, workers exposed to herbicides are more likely to develop diseases related to their breathing. The problems developed by humans and animals due to the use of synthetic herbicides limit the growth of the herbicide market.
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The Herbicides market is segmented -
1. By Type: Synthetic, Bio Based.
2. By Mode Of Action: Selective, Non-selective
3. By Application: Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Turf & Ornamentals
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Herbicides market.
The Business Research Company's "Global Herbicides Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Herbicides Market Include:
1. Executive Summary
2. Herbicides Market Characteristics
3. Herbicides Market Trends And Strategies
4. Herbicides Market - Macro Economic Scenario
5. Herbicides Market Size And Growth
……
26. Africa Herbicides Market
27. Herbicides Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Herbicides Market
29. Herbicides Market Future Outlook and Potential Analysis
30. Appendix
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