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Herbicides Market by Type, Crop Type, Mode of Action, and Region - Global Forecast to 2022

Herbicides Market: Global Forecast until 2022

  • February 2017
  • 142 pages
  • ID: 4730564
In this report:
The Asia-Pacific market is expected to register the highest growth rate of ##.##% from 2016 to 2022, due to the shift in farming practices from traditional weed control to agrochemicals.
New product launches and product approvals accounted for the maximum market share of ##% of the total strategic developments in the global herbicides market from 2012 to 2016.

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"The overall herbicides market is estimated to rise at a compound annual growth rate of ~6.3 percent."

The overall herbicides market is projected at ~$27.2B in 2016, and is projected at ~$39.2B by 2022, at a compound annual growth rate of ~6.3 percent during the forecast period. The primary factors that drive the herbicides market are adoption of better farming practices and increase in production of cereals & grains, especially in the Asia-Pacific area. The main restraints in the herbicides market are the carcinogenic effect of certain active ingredients used in herbicides. Herbicide residue is also one of the main restraints and can cause serious damage to crops if not carefully monitored and controlled.

"The glyphosate segment anticipated to be the biggest in 2015."

The glyphosate segment, by category, recorded for the biggest market share in 2015, according to its usage on almost all crop types. Glyphosate is a non-selective herbicide used primarily for perennial weed control and in zero tillage grain production systems. It is also crucial to the production of genetically modified herbicide-resistant crops.

"Oilseeds & pulses segment, by crop type, is estimated to have the maximal CAGR (Compound annual growth rate) during the estimate period."

The oilseeds & pulses segment, by crop type, is expected to have the maximal compound annual growth rate (CAGR) during the outlook period. This is due to the increasing demand for soybean which is a main edible oil. Furthermore, there has been a growth in the usage of herbicides in the cultivation of pulses especially in Asian countries in recent years..

"Asia Pacific (APAC), by area is expected to grow at the highest CAGR (Compound annual growth rate) during the estimate period"

The APAC market is forecasted to have the highest compound annual growth rate (CAGR) during the outlook period considered for the market research... The industry demand for herbicides is increasing in the Asia-Pacific region due to the increase in appreciation about better crop protection methods and less stringent regulation policies approved by regulatory bodies.

There is also a high demand for generic herbicides approved by a majority of farmers in distinct countries in the Asia Pacific (APAC) area.

Break-up of Primaries:

- By Company Type: Tier 1 - 55.0 percent; Tier 2 - 20.0 percent; and 1/3 3 - 25.0 percent

- By Designation: C Level - 75.0 percent and Manager Level - 25.0 percent

- By area: North america (NA) - 15.0 percent; Europe - 25.0 percent; Asia-Pacific - 30.0 percent; South America - 10.0 percent; and rest of the world - 20.0 percent

Top players contain the following:

- BASF SE

- The Dow Chemical Company

- E.I. du Pont de Nemours and Organization

- Monsanto Company

- Syngenta AG

The firms mentioned above collectively accounted for the biggest portion of the herbicides market in 2015. The top players in the nematicides market approved latest product launches, product approvals, and mergers & acquisitions & strategic alliances as their main increase strategies to rise their share of market and profits. Recent product launches and product approvals recorded for the more important percentage of the total developments, succeeded by mergers & acquisitions and strategic alliances.

Segment Research

The study offers a picture of the herbicides market across several segments. It aims at evaluating the market value and upcoming growth potential of this market across various class, modes of action, crop types, and localities. The analysis also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Key Reasons to acquire the market research:

- To get an overview of the overall herbicides market.

- From an insight prospect, this market research has focused in-depth analyses-industry, market share of top actors, and company descriptions.

- This industry report also explains high-growth segments of the overall herbicides market, its high-growth regions and, drivers, market restraints, alternatives, and opportunities.

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