Herbicides Market: Demand Analysis and Growth Forecast

As per the findings of a newly published market research report by IndustryARC, the global Herbicides market size was around $30 billion in 2018, and the demand is projected to grow at a notable CAGR of around 8% during the forecast period of 2019 to 2025. Herbicides are regularly known as weedkillers that are used to eliminate unwanted plants in the farming areas. Increasing need for agricultural plants production, adoption of better farming practices, and technological advancements are some of the major factors driving the growth of the herbicides market.

The report is titled “Herbicides Market: by selectivity (selective, non selective); by time of application (pre plant, pre emergence, post emergence); by method of application ( foliar, soil); by mode of action (contact, trans located); by molecular nature(organic, inorganic); by formulation(emulsifiable concentrate, wettable powder, granules, water soluble concentrate); by chemical nature(lipid synthesis inhibitor ,amino acid synthesis inhibitors ,growth regulators , photosynthesis inhibitor, nitrogen metabolism inhibitor, pigment inhibitor, cell membrane disrupter, seedling root growth inhibitor, others); by industry (agriculture, landscaping, golf course, forestry, others); by geography – Forecast (2019-2025)”.

Herbicides plays an important role in preventing grass lands free from board leaf vegetation. Additionally, rapid growth in the usage of organic herbicides in variety of crops such as rye, buckwheat, and oilseed radish is driving the herbicides market. Organic herbicides and soil amendments are highly used for keeping the soil healthy, which is an important aspect of weed control. Organic herbicides focuses only on the connected tissue it; thus good coverage is essential. Using green sprayer can reduce the amount of material and the overall cost required in the application of herbicides.

Browse 78 Market Tables, 179 Figures spread through 150 slides and an in-depth TOC “Herbicides Market (2019 - 2025)”

Herbicides Market: Leading Segment

APAC is estimated as the key region for the growth, with the maximum share of 40% during the forecast period. Rice is the staple food, and over 90% of the world’s rice is produced and consumed in this region. With growing per capita rice consumption, the cultivation of paddy has started increasing, which in turn positively impacts the herbicides market in this region. Analyst of the report says that the agriculture industry is dominating among other industries such as landscaping, golf course, and forestry. The segment is estimated to grow with a good CAGR around 5% during the forecast period 2019-2025. The butachlor and glyphosate were the highest consumed herbicides with the rate of around 6032 tons, and 6003 tons respectively in Indian Agriculture.

Herbicides Market: Trends

Wide spread adoption of the genetically-engineered herbicide-tolerant (HT) crops using conventional plant breeding technology. According to a recent USDA report, use of herbicides on genetic engineering (GE) corn is increasing when compared to non-GE corn. Corn production in 2018 is forecasted at 14.8 billion bushels, with increment of 2% from 2017.

Increase in the adoption of layer residual herbicides to spread weed control. Globally, farmers are adopting layer, and residual herbicides to control hard weeds which propagate throughout the growing seasons such as palmer amaranth, and waterhemp.
In American agriculture 93% of soybeans, 82% of cotton, and 85% of corn are cultivated to be glyphosate resistant. This large growth of glyphosate-resistant crops has led to an increase in herbicide use, and superweeds which in turn is growing the demand for weedkillers in the herbicides market.

Computer and robotic technology is helping in making mechanical weed control more efficient and effective. Farmers use GPS systems to guide their equipment down crop rows, and sensors can even distinguish between vegetable plants and weeds.

Herbicides Market: Competitive Landscape

Some of the major players operating in the herbicides market are BASF, Bayer AG, DOW Agriscience LLC, and Syngenta AG. Dow Agro Sciences recently received federal registration from the United States Environmental Protection Agency (U.S. EPA) for Elevore herbicide, which can be applied 14 days before planting in soybeans and corn. Elevore is a tank mix compatibility solution commonly used as burndown and residual partners, along with 2, 4-D and glyphosate, for controlling the many broadleaf weeds, including marestail.

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