APAC to Dominate Herbicides Market During Next Five Years
Increasing demand for food is expected to drive growth of global herbicides market.
According
to TechSci Research report, “Global
Herbicides
Market By Type (Glyphosate; Diquat; 2,4-Dichlorophenoxyacetic acid; and Others),
By Mode of Action (Selective Vs. Non-Selective), By Crop Type (Cereals &
Grains; Oilseeds & Pulses; Fruits & Vegetables; and Others), By Region,
Forecast & Opportunities, 2025”, the global herbicides market is expected to grow at a steady
rate during the forecast period on account of the decreasing arable land.
Hence, increasing need to protect the crop growing in limited arable land is driving
the growth of market across the globe. Additionally, changing climatic
conditions are also expected to have a positive impact on the growth of market.
Furthermore, easy availability, low cost and high efficiency of these
herbicides have made them a popular choice among the farmers, thereby
propelling the market growth. However, the advent of ecofriendly or organic or
bioherbicides might hamper the growth of market during forecast years.
Additionally, there are a lot of health hazards associated with the excessive
use of herbicides and stringent regulations by different government and
environmental agencies on their use might impede the growth of market across
the globe. Moreover, use of alternative methods to control weeds might also
slow down the growth of market.
Browse
XX market data Tables and XX Figures spread through XXX
Pages and an in-depth TOC on " Global
Herbicides Market"
The global herbicides market is segmented based on on type, mode of action, crop type
company and region. Based on type, the market can be categorized into glyphosate,
diquat, 2,4-dichlorophenoxyacetic acid and others. The glyphosate segment is
expected to dominate the market during forecast period since glyphosate is an
effective and low cost solutions for protecting the plant or crop from weeds.
Additionally, glyphosate also supports the growth of plants. Also, glyphosate
based products are being increasingly used in different forms such as gel or powder
for different agricultural activities thereby driving the growth of segment.
Based on mode of action, the market can be bifurcated into selective and
non-selective. The non-selective mode of action segment is expected to dominate
through 2025 the market since it is formulated for both broadleaves and grass
weeds. It finds application in most of the vegetation types and is a preferred
choice over selective mode of application. Based on crop type, the market can
be fragmented into cereals & grains, oilseeds & pulses, fruits &
vegetables and others. The fruits & vegetables segment is expected to
dominate the market until 2025 owing to the higher crop yields and high farm
profits.
BASF SE, E.I. Du Pont De Nemours
and Company, Monsanto Company, Bayer AG, Syngenta AG, FMC Corporation, Platform
Specialty Products Corporation, Nufarm Limited, Nissan Chemical Industries Ltd.,
Drexel Chemical Company, Adama Agricultural Solutions Ltd, Corteva Agriscience,
American Vanguard Corporation, Marrone Bio Innovations Inc., Valent Biosciences
Corp, Wilbur-Ellis Company, Chemtura Corporation, Cheminova A/S, Agrium Inc., Element
Solutions Inc.and others are some of the leading players operating
in global herbicides market. The companies operating in the market are using
organic strategies such as product launches, mergers and collaborations to
boost their share.
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“Asia-Pacific
is expected to dominate the
global herbicides market during the forecast years, owing to the increasing acceptance
of modern farming techniques in the region. Additionally, rapid advancements in
the crop protection techniques against weeds is further expected to propel the
market over the next few years. Moreover, key manufacturers are also setting up
their manufacturing units in the region, which is anticipated to positively
impact the market growth through 2025. Moreover, increasing demand for low
priced herbicides coupled with the surging food demand in the region to fulfil
the needs of the ever increasing population, especially in countries like India
and China is expected to create lucrative opportunities for the growth of
market over the next few years.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Herbicides Market By
Type (Glyphosate; Diquat; 2,4-Dichlorophenoxyacetic acid; and Others), By Mode
of Action (Selective Vs. Non-Selective), By Crop Type (Cereals & Grains;
Oilseeds & Pulses; Fruits & Vegetables; and Others), By Region,
Forecast & Opportunities, 2025”,” has evaluated the future growth potential of global
herbicides market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global herbicides market.
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