Press release
Herbicides Market to witness increased traction from agricultural sector | Global CAGR 4.8%, 2018 - 2025
Herbicides Market
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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 worldwide; although, the effectiveness of organic herbicides to control weed is still under research.
The report provides a comprehensive analysis of the herbicides market covering aspects including market size and share, market dynamics, market segmentation, and competitive landscape. The report serves as a vital tool for stakeholders such as market players and investors as it helps them determine how the market will evolve across different regions and technology segments. It also helps them to grab the opportunities to grow and expand in the space.
The report offers an analysis of the growth drivers, restraints and opportunities of the global herbicides market. High adoption of herbicides in Latin America, unavailability of fertile land, and decrease in workforce and consequential rise in labor charges drive the growth of the market. However, health hazards by herbicides and growth in health concern restrict the growth of the industry. Conversely, potential in Asia-Pacific and Latin America and prompt acceptance of bioherbicides offer new opportunities for the growth of the market.
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The report offers a broad segmentation of the global herbicides market. It segments the market into type, mode of action, crop type, and region. Based on type, the market is classified into synthetic herbicide and bioherbicide. The synthetic segment contributed 95.3% of the total market share in 2017 and will maintain its dominance through 2025. The mode of action segment is divided into selective and non-selective.
The selective segment is expected to maintain its lead position in terms of revenue through 2025. Among the crop types, the soybean segment is likely to grab the largest market share during the forecast period. The other subsegments of this section are corn, cotton, wheat, and others. The report covers a study of the regions such as North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to register the highest CAGR of 6.5% through 2025 while Europe would maintain its dominance in terms of revenue through the study period.
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The report also includes an analysis of the leading players operating in the global herbicides market. They include BASF, Bayer AG, DowDupont, Syngenta AG, FMC Corporation, Adama Agricultural Solutions Ltd, and Nufarm Ltd.
Browse Full Report Summary: https://www.alliedmarketresearch.com/herbicides-market
By Type
Synthetic
Glyphosate
Atrazine
2,4-Dichlorophenoxyacetic acid
Acetochlor
Paraquat
Others
Bio-Herbicides
By MODE OF ACTION
Selective herbicides
Non-selective herbicides
By CROP TYPE
Corn
Cotton
Soybean
Wheat
Others
Related Report:
Plant Growth Regulators Market https://www.alliedmarketresearch.com/plant-growth-regulators-market
Synthetic Pesticide Market https://www.alliedmarketresearch.com/synthetic-pesticide-market-A31633
Organic Pesticides Market https://www.alliedmarketresearch.com/organic-pesticides-market
Nanopesticide Market https://www.alliedmarketresearch.com/nanopesticide-market-A17409
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