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Herbicides Market Evolution: A Vision for 2023-2029

12-07-2023 07:55 AM CET | IT, New Media & Software

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Herbicides Market

Herbicides Market

In the ever-evolving agricultural panorama, herbicides stand as the guardians of crop vitality, ensuring optimal growth and yield. Valued at US$39.17 billion in 2022 and projected to reach US$59.80 billion by 2029, the Herbicides Market is on a growth trajectory with a compelling CAGR of 6.23%. This comprehensive analysis explores the dynamics, market drivers, challenges, and key highlights shaping the herbicides industry.

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Navigating Market Dynamics:
Herbicides play a crucial role in weed control and enhancing the growth of desired plants, transforming the agricultural landscape. The decline in manual and mechanical weeding, especially in developing economies, has spurred the adoption of herbicides. However, environmental concerns and health implications have led to regional regulations, paving the way for bio-based alternatives. The ban on glyphosate in parts of Europe poses challenges, but ongoing research in biochemical action opens doors to safer, more effective solutions.

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Herbicides Market Segment Analysis

Selective vs. Non-Selective: Non-selective herbicides dominate the market, catering to a wide range of vegetation types. Their efficacy against both broadleaf and grass weeds positions them as preferred choices. Selective herbicides, designed to control specific plants without harming others, address targeted weed management needs.

by Type

Selective
Non-selective
Crops: Cereal crops take the lead in herbicide applications, with a focus on weed control to increase per-unit yield. The Asia-Pacific region, driven by increased rice consumption, is a key growth contributor. Oilseed & pulses, fruits & vegetables, and cotton follow suit, diversifying the application landscape.

by Application

Cereals and Grains
Oilseeds & Pulses
Fruits & Vegetables
Cotton

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Herbicides Market Key Players?

1 BASF
2 Bayer AG
3 DOW Agriscience
4 Syngenta AG
5 Cheminova A/S
6 FMC Corporation
7 Adama Agricultural Solutions Ltd
8 Nufarm
9 E.I Du Pont de Numerous
10 Company and Monsanto Company
11 Monsanto Company
12 Drexel Chemical Company
13 Arysta LifeScience Corporation
14 ADAMA Agricultural Solutions Ltd
15 Sumitomo Chemical
16 UPL Limited
17 Heranba Industries Ltd.

Table of content for the Herbicides Market includes:

Part 01: Executive Summary

Part 02: Scope of the Herbicides Market Report

Part 03: Herbicides Market Landscape

Part 04: Herbicides Market Sizing

Part 05: Herbicides Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:
Asia Pacific emerges as a powerhouse in the herbicides market, fueled by high production, growing population, and increased disposable income. Latin America, led by agricultural giants Brazil and Argentina, witnesses substantial market share expansion due to expanded farmlands and heightened awareness among cultivators. In contrast, stringent regulations in Europe and the U.S. pose challenges to market growth.

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