Herbicide Market –Worldwide Industry Growth Report
DecisionDatabases.com’s latest report on “Herbicide Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2021” provides a complete analysis of herbicide market globally. Herbicides are pesticides that are toxic to plants and destroy unwanted vegetation without causing any damage to the plantation. Herbicides are used for agriculture production, turf management, protecting grains, oilseeds, vegetable crops and in areas like railways, grounds and industrial banks for clearing the waste materials. The regulatory authorities have imposed strict guidelines, regulations and ban on the use of herbicides owing to its negative effect on the health of the user. This is anticipated to impact the herbicides market growth. However, the herbicides which are produced synthetically influence the international herbicides market resulting in lower cost and higher efficiency.
Key factors propelling the demand for herbicides market:
The major drivers contributing the overall herbicides market growth are acceptances of modern farming practices, emerging new technologies, shortage of cultivable land, paucity of fertile land, growing disposable income and increasing population. Rapid development in the organic herbicides market can act as an opportunity for herbicides market. To meet the urge of global food, agricultural productivity has to be increased which will further drive the herbicides market growth. Bio based herbicides demand is further increased due to the regulations imposed by the authority. To meet the expectations of regulations, investment is done in research and development sector to develop new herbicides. Some major restraints in herbicides market are stringent regulations and health hazards associated with herbicides.
Herbicide market segmentation:
The global herbicide market is segmented into four categories: type, mode of action, crop type and geographical region. According to product type it is segmented into Glyphosate, Atrazine,
Acetochlor, 2, 4-D, Paraquat, Bio-herbicide, Others. Among all of the above product types, Glyphosate is one of the majorly used herbicide all across the world. 2, 4-D herbicide is banned as it badly affects the health and surrounding environment. By modes, it is segmented into Selective
and Non-selective. Selective herbicides are being replaced by non-selective herbicide. By crop type it is segmented into Cereals and Grains, Oilseeds & Pulses, Fruits & Vegetables, Cotton. By geographical region it is segmented into Asia-Pacific, North America, Europe, Latin America, Middle East And Africa. The largest market for herbicides is in North America, followed by Europe and Asia Pacific. Among these Asia-Pacific is projected to be the fastest growing market. China and India are expected to capture the future market trends in herbicides market due to modern farming practices, rapid growth in agriculture sector and advancement in technological sector.
The report also offers a competitive landscape of the overall market with company profiles of players such as Drexel Chemical Company, Dow Chemical Company, Cheminova A/S, BASF, Monsanto Company, Nissan Chemical Industries Ltd, Syngenta AG, BASF, E.I. Dupont De Nemours & Company, Nufarm Limited, Chemtura Corporation, Marrone Bio Innovations Inc., Valent Biosciences Corp, FMC Corporation, Nissan Chemical Industries Ltd and Wilbur-Ellis Company.
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