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(CityRegions.Com, September 06, 2017 ) Description:
Global Herbicides Market is accounted for $27.45 billion in 2016 and is expected to reach $44.56 billion by 2023 growing at a CAGR of 7.1% during the forecast period. Factors such as selection of better farming practices globally and increase in production of cereals and grains in Asian Countries are propelling the market growth. However, cancer causing nature of certain active ingredients and herbicide residue issues are hindering the market. Growing agricultural industry in developing economies is providing the significant growth opportunities for the market.
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By basis of type, glyphosate segment is anticipated to grow at the highest CAGR due to extensive maintenance in gels and powders, which are more available for usage. By geography, Asia-Pacific is anticipated to be the fastest growing market owing to progressions in crop protection techniques against weeds and requirements for low-priced generic herbicide formulations.
Some of the key players in Herbicides market include Nufarm Ltd, Syngenta AG, Adama Agricultural Solutions Ltd, Bayer Ag, Monsanto, BASF SE, Nissan Chemical Industries Ltd., E.I. du Pont de Nemours and Company, DOW Agriscience LLC, Drexel Chemical Co. and FMC Corporation.
Mode of Actions Covered:
Selective
Non-selective
Crop Types Covered:
Oilseeds & Pulses
Fruits & Vegetables
Cereals & Grains
Other Crop Types
Aquatic Vegetation
Lawns
Forests
Basis of Types Covered:
2,4-D
Glyphosate
Diquat
Other Basis of Types
Acetochlor
Dicamba
Glufosinate
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
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