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What are the Factors that drives the Growth & Opportunities for Of Global Herbicides Market?
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Herbicides Market size will witness a healthy growth in forecast period with application in agricultural industry. Increasing demand for food, decrease in arable land are key driver for product growth. The crop protection industry is growing at above 5% that in turn is driving its consumption as these have largest market share in crop protection market. Advancement in the crop management technology & procedures and rising demand for high agricultural productivity will propel herbicide market.
Based on mode of action, herbicides market is segmented into selective and non-selective. Non-selective contributes largest market share with their application for both grass weeds and broad leaf. These are preferred as they can be used for many vegetation types. Selective types are manufactured for controlling only certain plants without harming the other species. Selectivity is based on differential absorption, translocation, morphological or physiological differences between species of plant.
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With respect to crop type, herbicides market is classified into oilseeds & pulses, cereals & grains and fruits & vegetables. Cereal and grain has larger share as these are cultivated in most of the regions to meet food grain requirements. These are preferred by farmers as it increases the overall yield by reducing crop wastage due to weeds. Cereal and grain crop protection segment is growing at 3% per year.
Major restraint for herbicides market is its toxic content. Its improper application leads to direct or indirect contact with humans & wildlife and has health effects like skin rashes and poisoning. Some products like 2,4-D are banned as these enhance the likelihood of cancer in humans. Weed resistance is one of the concerns for the product and attributed to its continuous application or lack of rotation. The environmental actions like wind and rainfall further reduces its efficiency.
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As per mode of application, herbicides market is classified as foliar spray and soil treatment. The foliar spray has major share owing to ease of application and efforts reduction. In soil treatment, these are applied directly to soil and taken up by weeds either by passive or active mechanism.
Reasons to Buy This Report:
1. Herbicides Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Herbicides Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
Stringent government regulation in Europe and the U.S are anticipated to restraint market growth in these regions. Bio based herbicide has great growth opportunity owing to increasing demand for organic food along with strict food safety norms.
The Herbicides Market Report Consists of:
1. Methodology and Scope
2. Executive Summary
3. Herbicides Industry Insights
4. Industry segmentation
5. Industry size, forecast and growth expectations, 2017 - 2024
6. Industry ecosystem analysis Raw material insights
7. Technology insights
8. Regulatory framework
9. Industry dynamics
10. Key growth opportunities
11. Porter's analysis
12. Company market share, 2017
13. PESTEL analysis
14. Regional price trends
15. Herbicides Product Insights
16. Herbicides Application Insights
17.Herbicides Regional Insights
18. Competitor Profiles
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BASF is focussing on research and development activities for new active ingredients formulation to meet government regulations. They have undergone entrepreneurial partnership with Monsanto, one of the key players of herbicides market.
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