Herbicides Market: An Overview of Key Players and Competitive Landscape
Global Herbicides Market research report offers a panoramic view of the Herbicides Market , regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Herbicides Market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
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.
Shortage of workers for hand weeding crop fields in various emerging countries, such as China, India, and Bangladesh, owing to rapid urbanization where majority of individuals are migrating to urban areas, is another factor increasing demand for herbicides. Various benefits of herbicides compared to tillage, such as reduced erosion, greenhouse gas emissions, fuel usage as well as nutrient runoff, are contributing to growth of the market.
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Several drivers contribute to the growth of the Herbicides Market. The increasing global population and subsequent rise in food demand necessitate higher agricultural productivity. Herbicides play a crucial role in enabling efficient weed control, allowing farmers to protect their crops and maximize yields. Additionally, advancements in agricultural practices and technologies have led to the development of more effective and environmentally friendly herbicides, driving market growth.
However, the Herbicides Market faces restraints and challenges. Environmental concerns regarding the impact of herbicides on ecosystems, water sources, and non-target plants have led to increased scrutiny and regulatory measures. The emergence of herbicide-resistant weeds poses a significant challenge, necessitating the development of new herbicides or alternative weed control methods. Moreover, public perception and consumer demand for organic and pesticide-free produce have influenced agricultural practices, impacting the adoption of herbicides.
Covid 19 impact analysis :
The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Herbicides Market industry.The current COVID-19 pandemic is expected to have an effect on the growth of the Herbicides Market industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns.
Some major companies in the global market report include
UPL, BASF SE, Bayer AG, DuPont, ADAMA, Syngenta, FMC Corporation, Drexel Corporation, Sumitomo Chemical Co., Ltd., and Nufarm.
Radical Highlights of the Herbicides Market Report:
- Impact of the technological developments and R&D advancements on the Herbicides Market market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Comprehensive overview of the Herbicides Market market along with analysis of the changing dynamics of the market
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter's Five Forces Analysis, feasibility analysis, and investment return analysis
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
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Herbicides Market Segmentation:
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
Regional 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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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, targeat, 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.