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Population Growth Driving Herbicides Market Expansion Driver: A Major Catalyst in the Evolution of the Herbicides Market in 2025
Herbicides Market
The size of the herbicides market has experienced swift expansion in the past few years. It is projected to rise from $47.38 billion in 2024 to $54.42 billion in 2025, indicating a compound annual growth rate (CAGR) of 14.9%. Factors influencing this growth throughout the historical timeframe include traditional farming practices, an expansion in cropland, the introduction of glyphosate, and the presence of genetically modified crops.
The size of the herbicides market is anticipated to witness a swift expansion in the upcoming years. It is predicted to scale to a valuation of $82.45 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 10.9%. This surge during the forecasted timeframe can be credited to factors like global population increase, management of weed resistance, precision farming techniques, along with organic and sustainable agriculture practices. Key trends that characterize the forecast period encompass sustainable methods of weed control, precision technologies for herbicide application, biological herbicides, in addition to organic and non-gmo herbicides.
What Are the Key Drivers Behind the Growth of the Herbicides Market?
As the global population expands, projected to reach 10 billion by 2050, the demand for herbicides is anticipated to rise notably throughout the forecast years. An upsurge in population numbers necessitates greater food production. Consequently, agricultural activities, crop yields, and trade volumes will need to be amplified to cater to an expanding populace's needs. Furthermore, land cultivators and commercial farming enterprises are likely to procure more farmland to enhance crop outputs, which in turn is projected to fuel the need for herbicides and stimulate market expansion.
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Who Are the Major Industry Players Fueling Herbicides Market Expansion?
Major companies operating in the herbicides market include Adama Agricultural Solutions Ltd., BASF SE, Bayer AG, DuPont de Nemours Inc., FMC Corporation, Nufarm Limited, Syngenta AG, Dow Chemical Company, Monsanto Company, Element Solutions Inc., Nissan Chemical Corporation, Drexel Chemical Co. Inc., Sumitomo Chemical Co. Ltd., Wilbur-Ellis Holdings Inc., Upl Limited, Heranba Industries Ltd., Nufarm Ltd., AMVAC Chemical Corp., Albaugh LLC, Cheminova A/S, Chemtura Corporation, Gowan Company LLC, Isagro SPA, Marrone Bio Innovations Inc., Rotam CropSciences Ltd., Sipcam Agro USA Inc., Valent USA LLC, Willowood USA LLC, Zhejiang Xinan Chemical Industrial Group Co. Ltd., Jiangsu Yangnong Chemical Group Co. Ltd., Shandong Weifang Rainbow Chemical Co. Ltd.
Which Key Developments Are Influencing the Herbicides Market?
Key players in the herbicide industry are innovating new products to achieve a dominant position in the market. For example, in March 2022, Clariant AG, a chemical corporation based in Switzerland, introduced ADJUWEX. This product is intended to assist in personalizing efficient glufosinate herbicide combinations for particular agricultural settings and needs. Given the growing obstacles farmers encounter concerning weed management and resurgence, Clariant's ADJUWEX provides customized solutions to enhance glufosinate blends, addressing aspects such as weather, ground condition, type of crop and conditions of application. Furthermore, ADJUWEX is compatible with modern application techniques like drone technology and has been extensively tested in different crops worldwide, encouraging the implementation of precision farming techniques.
How Is the Segmentation of the Herbicides Market Defined?
The herbicides market covered in this report is segmented -
1) By Type: Synthetic, Bio-Based
2) By Mode Of Action: Selective, Non-selective
3) By Application: Grains And Cereals, Pulses And Oilseeds, Commercial Crops, Fruits And Vegetables, Turf And Ornamentals
Subsegments:
1) By Synthetic: Selective Herbicides, Non-Selective Herbicides, Pre-Emergent Herbicides, Post-Emergent Herbicides
2) By Bio-Based: Natural Herbicides, Bioherbicides
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What Is the Leading Region in the Herbicides Market?
Asia-Pacific was the largest region in the herbicides market in 2023. South America was the second-largest region in the global herbicides market. The regions covered in the herbicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Is Covered In The Herbicides Global Market Report?
- Market Size Analysis: Analyze the Herbicides Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Herbicides Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Herbicides Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Herbicides Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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