The latest research report serves as a perfect example of the precise analysis of the global Herbicides Market . It includes the ToC, list of tables and figures, research methodology, geographic segmentation, competitive landscape, future developments, and technological innovation. Moreover, the report offers the latest coverage of the massive impact of the COVID-19 pandemic on the worldwide Herbicides Market industry.
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.
The global herbicides market has witnessed substantial growth in recent years, driven by the increasing demand for efficient weed control solutions in agriculture. Herbicides, a vital component of modern farming practices, play a pivotal role in enhancing crop yields by eliminating or suppressing unwanted vegetation. As the world's population continues to rise, the pressure to maximize agricultural productivity becomes more critical, thereby fueling the demand for herbicides.
One of the primary drivers propelling the herbicides market is the rising need for higher crop yields to meet the escalating food demands. Farmers are increasingly adopting herbicides to combat weed infestations that can adversely affect crop growth and reduce overall productivity. Additionally, the shift towards precision agriculture and the adoption of genetically modified (GM) crops, engineered for herbicide tolerance, contribute significantly to market growth. The convenience and effectiveness of herbicides in weed management have made them indispensable tools for modern farming practices.
Restraints on Herbicides Market Expansion:
While herbicides offer numerous benefits, concerns about their environmental impact and potential harm to non-target plants and organisms have become significant restraints for market expansion. The negative public perception surrounding the use of chemical-based herbicides has led to increased scrutiny and regulatory interventions. Strict regulations on the use of certain herbicides and the emergence of eco-friendly alternatives pose challenges to the growth of the traditional herbicides market.
Growth Factors Driving Market Innovation:
In response to environmental concerns and regulatory pressures, the herbicides market is experiencing a notable shift towards the development of bio-based and organic herbicides. The growing awareness about sustainable agriculture and the desire for reduced chemical residues in food products are fostering innovation in the herbicides sector. Manufacturers are investing in research and development to create herbicidal solutions that are both effective and environmentally friendly, thus aligning with the evolving preferences of farmers and consumers.
Overview of the Herbicides Market Report:
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
In-depth analysis of the risks, restraints, and limitations in the Herbicides Market industry
Introduction, Product Scope, Market Overview, and Opportunities
Analysis of the Manufacturers with sales, revenue, and price analysis
Comprehensive analysis of the competitive landscape
Extensive profiling of the key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share, and global position
Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Herbicides Market , with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Major Companies and Competitive Landscape
The global Herbicides Market is fragmented, with a number of small- and medium-sized players accounting for majority revenue share. Established companies are engaged in various research and development activities and initiatives to develop and deploy new and more efficient technologies and solutions in the
Herbicides Market . Some prominent players operating in the market are
UPL, BASF SE, Bayer AG, DuPont, ADAMA, Syngenta, FMC Corporation, Drexel Corporation, Sumitomo Chemical Co., Ltd., and Nufarm.
The market's growth is further propelled by technological advancements and innovations aimed at developing safer, more effective, and environmentally friendly biocidal products. Companies are investing in research and development to create novel formulations with enhanced efficacy while meeting regulatory standards. The advent of bio-based biocides derived from natural sources presents a promising avenue for sustainable and eco-friendly solutions, catering to the increasing demand for greener alternatives.
Emergen Research has segmented the global herbicides market based on type, application, mode of action, and region:
· Type Outlook (Revenue, USD Billion; 2019-2030)
Synthetic
Bio-based
· Application Outlook (Revenue, USD Billion; 2019-2030)
Pulses & Oilseeds
Grains & Cereals
Commercial Crops
Fruits & Vegetables
Turf & Ornamentals
Others
· Mode of Action Outlook (Revenue, USD Billion; 2019-2030)
Selective
Non-selective
Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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