Press release
Emerging Trends to Drive Herbicides Market Growth at 10.9% CAGR Through 2029
Herbicides
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Herbicides Market Size Growth Forecast: What to Expect by 2025?_x000D_
The expansion of the herbicides market has been brisk in the last few years. The market, which is expected to be valued at $47.38 billion in 2024, is predicted to rise to $54.42 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 14.9%. The impressive growth during the historic period is due to factors such as the prevalence of conventional agriculture, expansion of croplands, the advent of glyphosate, and the introduction of genetically modified crops._x000D_
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How Will the Herbicides Market Size Evolve and Grow by 2029?_x000D_
Expectations for the herbicides market predict impressive expansion in the coming years, with projected growth to reach a value of $82.45 billion by 2029. The rate of growth is calculated to be a compound annual growth rate (CAGR) of 10.9%. The escalation predicted in the forecast period can be linked to several factors, including global population growth, management of weed resistance, precision agriculture, and the practices of organic and sustainable farming. The major trends during this forecast period are anticipated to be sustainable weed control, precision application technologies, biological herbicides, and the use of organic and non-GMO herbicides._x000D_
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What Drivers Are Propelling the Growth of Herbicides Market Forward?_x000D_
As the global population continues to rise, projected to hit 10 billion by 2050, the herbicide market is forecasted to experience considerable growth. The escalating populace inevitably ups the demand for food. Agricultural production, farming operations, and transaction quantities necessitate expansion to cater to this multiplying populace. Furthermore, the procurement of cultivable land is predicted to grow among farmers and corporate farming entities to escalate crop yield, subsequently fueling herbicide demand and stimulating market progression._x000D_
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Which Emerging Trends Are Transforming the Herbicides Market in 2025?_x000D_
Key players in the herbicide industry, such as Clariant AG, are developing innovative herbicides to secure a lead in the market. In March 2022, the Switzerland-based chemical firm introduced ADJUWEX, an innovative product made to enable tailored glufosinate herbicide formulations based on specific agricultural conditions and needs. Given the high demand for effective weed control solutions, ADJUWEX comes as a bespoke solution getting ahead of challenges posed by factors including crop type, application conditions, soil, and climate. It also supports modern farming methods, such as drone technology, and has been extensively tested across numerous crops worldwide, supporting precision farming._x000D_
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What Are the Key Segments in the Herbicides Market?_x000D_
The herbicides market covered in this report is segmented - _x000D_
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1) By Type: Synthetic, Bio-Based _x000D_
2) By Mode Of Action: Selective, Non-selective_x000D_
3) By Application: Grains And Cereals, Pulses And Oilseeds, Commercial Crops, Fruits And Vegetables, Turf And Ornamentals_x000D_
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Subsegments:_x000D_
1) By Synthetic: Selective Herbicides, Non-Selective Herbicides, Pre-Emergent Herbicides, Post-Emergent Herbicides _x000D_
2) By Bio-Based: Natural Herbicides, Bioherbicides _x000D_
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Who Are the Key Players Shaping the Herbicides Market's Competitive Landscape?_x000D_
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. _x000D_
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What Geographic Markets Are Powering Growth in the Herbicides Market?_x000D_
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._x000D_
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3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."
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