The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
The global herbicides market size was USD 36.93 Billion in 2021 and is expected to register a revenue CAGR of 6.09% during the forecast period, according to latest analysis by Emergen Research. Rapid adoption of better farming practices globally, reduction in fertile land for farming purposes, and rising development of advanced agricultural technologies are some of the key factors driving market revenue growth.
Key participants include
UPL, BASF SE, Bayer AG, DuPont, ADAMA, Syngenta, FMC Corporation, Drexel Corporation, Sumitomo Chemical Co., Ltd., and Nufarm.
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Drivers:
Several factors drive the growth of the Herbicides market. One primary driver is the increasing global demand for food and agricultural commodities, driven by population growth, changing dietary habits, and urbanization. Herbicides play a crucial role in modern farming systems by enabling efficient weed control, reducing labor costs, and optimizing crop yields, thus supporting food security and sustainable agriculture. Additionally, advancements in herbicide formulations, including the development of selective and environmentally friendly options, contribute to market growth by offering safer and more effective weed management solutions.
Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
Key Objectives of the Global Herbicides Market Report:
· An all-inclusive analysis and forecast estimation of the market have been included in this report.
· The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Herbicides Market
· and its leading players.
· The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
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Restraints:
Despite its importance, the Herbicides market faces certain restraints. One challenge is the emergence of herbicide-resistant weed species, which develop tolerance to commonly used herbicides through natural selection and genetic adaptation. The proliferation of resistant weeds necessitates the development and adoption of integrated weed management strategies, including herbicide rotation, diversification of control methods, and stewardship practices to preserve the efficacy of herbicides and minimize the risk of resistance development. Moreover, concerns about the environmental and health impacts of herbicide use, including pesticide residues, groundwater contamination, and potential toxicity to non-target organisms, pose regulatory and public perception challenges for the herbicides industry.
Emergen Research has segmented the global herbicides market based on type, application, mode of action, and region:
· Type Outlook (Revenue, USD Billion; 2019-2030)
o Synthetic
o Bio-based
· Application Outlook (Revenue, USD Billion; 2019-2030)
o Pulses & Oilseeds
o Grains & Cereals
o Commercial Crops
o Fruits & Vegetables
o Turf & Ornamentals
o Others
· Mode of Action Outlook (Revenue, USD Billion; 2019-2030)
o Selective
o Non-selective
Regional Overview:
The global Herbicides Market market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Herbicides Market market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements
The report considers the following timeline for market estimation:
· Historical Years: 2017-2018
· Base Year: 2019
· Estimated Year: 2027
· Forecast Years: 2020-2027
Global Herbicides Market Report – Table of Contents:
· Chapter 1 includes the global Herbicides Market market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
· Chapter 2 broadly categorizes the Herbicides Market market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
· Chapter 3 elaborates on the competitive outlook of the Herbicides Market market, focusing on the major manufacturers and vendor landscape.
· Chapter 4 exhaustively studies the key manufacturers of the Herbicides Market industry, along with their anticipated sales and revenue shares.
· Chapters 5 includes market segmentation based on product type, application range, and market players.
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
