openPR Logo
Press release

Herbicides | Advanced technologies & growth opportunities in global Industry

Herbicides | Advanced technologies & growth opportunities

The competitive landscape of the global herbicides market is characterized by its fragmented structure. In 2014, the top five players, namely, Syngenta AG, BASF SE, Bayer CropScience AG, Dow AgroSciences LLC, and ADAMA Agricultural Solutions Ltd. held just about 53% of the overall market, finds a report by Transparency Market Research (TMR).

The leading herbicide producers demonstrate a high degree of integration, which has strengthened their position in this market. However, the shifting focus of players towards increasing their reach through mergers and acquisitions is likely to alter the current scenario in the years to come. Besides, the dynamics of this market are also expected to be affected in the near future due accelerating competition, fueled by the increase in research and development activities.

This 180 page report gives readers a comprehensive overview of the Herbicides market. Browse Market Research Report @
http://www.transparencymarketresearch.com/herbicides-market.html

Need for Enhanced Crop Yields to Create Demand for Herbicides

“The continual rise in the global population base has created a massive need for food, specifically in highly dense economies such as India, China, and several countries in Africa. The low crop yield, caused by limited availability of arable land, rapid depletion of soil water, fluctuating climatic conditions, and frequent pest attacks, has worsened the situation across the world,” states an analyst.

Farmers and agriculturists are increasingly utilizing herbicides to enhance the productivity as well as the quality of crops. As a result, the demand for herbicides has soared significantly across the world. Apart from this, the rising demand for genetically modified crops, due to their nutritional value and good quality, has also increased the application of herbicides in the recent time, leading to growth in their demand.

Increasing Trend of Organic Agriculture to Curb Application of Herbicides

The trend of organic agriculture has slowed down the demand for herbicides, as, this form of agriculture relies on biological pest control, compost, crop rotation for the enhancement in crop yields. A number of countries, which have plenty of agricultural land, have started following organic agriculture standards in order to improve the global sustainability and enhance the profit margin through cultivation, which, in turn, is limiting the application of herbicides to some extent.

In the near future, the adoption of organic agriculture and, consequently, biopesticides is anticipated to witness a healthy rise, which is likely to further impede the demand for herbicides. However, the increase in research and development activities, triggered by the growing awareness about the toxicity of herbicides and the ban on their usage by various environmental protection agencies, is expected to create opportunities for product innovation in this market over the next few years.

Demand for Herbicides to Remain Strongest in Asia Pacific

TMR estimates the global market for herbicides, which was worth US$22.3 bn in 2014, will rise at a CAGR of 6.20% during the period from 2015 to 2023 and attain a value of US$38.3 bn by the end of the forecast period.

Currently, Asia Pacific leads the demand for herbicides among all the regions and is projected to remain the key consumer over the next few years. In 2014, it held a share of 27.9% in the overall demand for herbicides across the world. Latin America, which closely follows Asia Pacific in terms of volume, is expected to witness the fastest rise in the demand for herbicides between 2015 and 2023 at a CAGR of 5.80%.

Get accurate market forecast and analysis on the Herbicides market. Request a sample to stay abreast on the key trends impacting this market@
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6994

The demand for herbicides will continue to be the strongest in the cereals and grains sector throughout the forecast period. Glyphosate is likely to remain the most preferred herbicide across the world in the coming years, states the report.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Herbicides Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

Key Takeaways

The top five players held just about 53% of the overall market in 2014
Asia Pacific led the demand for herbicides in 2014 with a share of nearly 28%
The opportunity in the global herbicides market is likely to reach US$38.3 bn by 2023

The report segments the global herbicides market as follows:
By Product
Acetochlor
2,4-D
Glyphosate
Atrazine
Others (Including isoxaflutole, dicamba, glufosinate, imazapyr, metolachlor, etc.)

By Crop
Cereals & grains
Oilseeds & pulses
Fruits & vegetables
Others (ornamental plants, grass, turf, floriculture, etc.)

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Herbicides | Advanced technologies & growth opportunities in global Industry here

News-ID: 687592 • Views: 313

More Releases from Transparency Market Research

Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the

All 5 Releases


More Releases for Herbicides

Herbicides Market- Global Industry Analysis by 2020
Herbicides are pesticides used to kill unwanted plants. Herbicides are generally used to clear waste ground, industrial sites and kill all plant material with which they come into contact. Herbicides are widely used in agriculture and landscape turf management. Herbicides are toxic in nature and cause several health diseases with the direct contact. Health effects ranging from skin rashes to death can arise from intentional or unintentional direct consumption of
Herbicides Market Segments and Key Trends 2020
Herbicides are pesticides used to kill unwanted plants. Herbicides are generally used to clear waste ground, industrial sites and kill all plant material with which they come into contact. Herbicides are widely used in agriculture and landscape turf management. Herbicides are toxic in nature and cause several health diseases with the direct contact. Health effects ranging from skin rashes to death can arise from intentional or unintentional direct consumption of
Herbicides Market to Witness Comprehensive Growth by 2020
Herbicides are pesticides used to kill unwanted plants. Herbicides are generally used to clear waste ground, industrial sites and kill all plant material with which they come into contact. Herbicides are widely used in agriculture and landscape turf management. Herbicides are toxic in nature and cause several health diseases with the direct contact. Health effects ranging from skin rashes to death can arise from intentional or unintentional direct consumption of
Global Herbicides Market Research Report 2017
Report Hive Market Research Released a New Research Report of 127 pages on Title "Global Herbicides Market Research Report 2017" with detailed Analysis, Forecast and Strategies. In this report, the global Herbicides market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key
Herbicides Market to Remain Lucrative by 2020
Herbicides are pesticides used to kill unwanted plants. Herbicides are generally used to clear waste ground, industrial sites and kill all plant material with which they come into contact. Herbicides are widely used in agriculture and landscape turf management. Herbicides are toxic in nature and cause several health diseases with the direct contact. Health effects ranging from skin rashes to death can arise from intentional or unintentional direct consumption of
Herbicides Market - Research Report
The significant rise in demand for food, propelled by the rapid rise in the global population, has impelled farmers and agriculturists to utilize herbicides in increased quantities on crops. Owing to this, the demand for herbicides has been witnessing a remarkable surge in the recent times. This 180 page report gives readers a comprehensive overview of the Herbicides Market. Browse through to unlock the hidden opportunities in this market @ http://www.transparencymarketresearch.com/herbicides-market.html