GLOBAL HERBICIDES MARKET was valued at USD 24.09 Billion in the year 2017. Global Herbicides Market is further estimated to grow at a CAGR of 5.64% from 2018 to reach USD 33.47 Billion by the year 2023.
The Dow Chemical Company (U.S.), Syngenta AG (Switzerland), Monsanto Company (U.S.), Bayer CropScience AG (Germany), FMC Corporation (U.S.), E.I. du Pont de Nemours and Company (U.S.), Nissan Chemical Industries Ltd. (Japan), BASF SE (Germany), Nufarm Ltd (Australia), Sumitomo Chemical (Japan), Bioworks Inc. (U.S.), Drexel Chemical Co. (U.S.) are some of the key players in the Global Herbicides market. Better global reach at the operational level is the main reason the key players are holding substantial market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years. In 2017, BASF collaborated with Monsanto to launch advanced dicamba-tolerant herbicide system with improved dicamba formulations providing farmers the tools they need to combat the yield-robbing weed resistance.
North America region holds the highest market share in 2017 and South America region is considered as the fastest growing market in the forecasted period due to growing demand and rising population. At a country level, the U.S. in North America and Brazil in South America holds the notable market share and is projected to grow strongly in the coming years due to the strongly growing agriculture sector and using herbicide as dominant pesticides.
Increasing labor costs and labor shortage
Increasing use of herbicide as weed/undesirable plants control agent
Growing cultivation of genetically modifies (GM) crops
Rising sale of non-genuine products
Stringent environment regulations across the world
High opportunities in Asia-pacific region
Growing preference for herbicides
Low focus on R&D due to high costs
The outbreak of herbicide-resistant weeds
The segmentation is done on is the basis of Type, by application, by crop type, and by region. On the basis of types, the global Herbicides market is sub-segmented Diquat, Glyphosate, 2,4-D and others of which the glyphosate segment is expected to hold the highest market share during the forecast period due to vide application and high adoption rate of genetically modified (GM) seeds and crops.
The segmentation done on the basis of application the includes Pre-emergent and Post-emergent. On the basis of crop type industry, the market is segmented as cereals & grains, fruits & vegetables, Oilseeds & Pulses and Others of which cereals crop type is expected to grow at the highest CAGR during the forecasted period due to rise in consumption and rapidly growing population.
Key Benefits for Stakeholders
Herbicides and pesticides Manufacturers, Distributors and Retailers
Herbicides and pesticides importers/exporters
Research and Consulting Organization
End users (Farmers)
By Crop type
Cereals & Grains
Fruits & Vegetables
Oilseeds & Pulses
Key Market Players
The DOW Chemical Company
Bayer CropScience AG
E.I. du Pont de Nemours and Company
Nissan Chemical Industries Ltd.
Drexel Chemical Co.
(A brief overview of 13 companies is also provided)
Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –
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1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
220.127.116.11. Key Data from Secondary Research
2.1.2. Primary Research
18.104.22.168. Key Data from Primary Research
22.214.171.124. Breakdowns of Primary Interviews
2.2. Market Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
3. Executive Summary
4. Market Overview
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards
5. Industry Trends
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. Herbicides Market, by Type
6.3 2, 4-D
7. Herbicides Market, By Application
8. Herbicides Market, Crop type
8.1 Cereals & Grains
8.2 Fruits & Vegetables
8.3 Oilseeds & Pulses
9. Geographical Analysis
9.2. North America
9.4. Asia Pacific
9.4.1. South Korea
9.5.1. Latin America
9.5.2. Middle East and Africa
10. Company Profiles
(Business Overview, Financial Overview, Product write Up, Recent Developments)
10.1 The DOW Chemical Company
10.2 Syngenta AG
10.3 Monsanto Company
10.4 Bayer CropScience AG
10.5 FMC Corporation
10.6 E.I. du Pont de Nemours and Company
10.7 Nissan Chemical Industries Ltd.
10.8 BASF SE
10.9 Nufarm Ltd
10.10 Sumitomo Chemical
10.11 Bioworks Inc.
10.12 Drexel Chemical Co.
(A brief overview of 13 companies is also provided.)
11. Competitive Analysis
11.2. Market Positioning of Key Players
11.3 Competitive Strategies Adopted by Leading Players
11.3.1. Investments & Expansions
11.3.2. New Product Launches
11.3.3. Mergers & Acquisitions
11.3.4. Agreements, Joint Ventures, and Partnerships
12.2. Available Customizations
12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)
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