1. What is the projected Compound Annual Growth Rate (CAGR) of the Herbicide Market?
The projected CAGR is approximately 4.06%.
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Herbicide MarketHerbicide Market by Type (Synthetic [Glyphosate, Atrazine, Paraquat, 2, 4-Dichlorophenoxyacetic Acid, Others], Bioherbicides), by Mode of Action (Selective Herbicides, Non-selective Herbicides), by Crop Type (Grains, Cereals, Pulses, Oilseeds, Fruits, Vegetables, Turfs, Ornamentals), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Herbicide Market size was valued at USD 41.9 USD Billion in 2023 and is projected to reach USD 55.36 USD Billion by 2032, exhibiting a CAGR of 4.06 % during the forecast period. Herbicides are chemical agents that are used in the control or extermination of undesired plant species, especially weeds. There are many forms of herbicides: selective herbicides which distinguish between the chosen plant and the one that will be exterminated; nonselective – exterminating all plants with which it comes across. Some stop the germination of the weeds known as the pre-emergent herbicides as well as the post-emergent herbicides that are sprayed on the growing weeds. There are several factors of herbicides including mode of action whether it is systemic, being absorbed by the plant, or contact, which kills on the point of contact. Herbicides can be used to prevent the uncontrollable spreading of weeds in agriculture, gardening, or even forestry management in order to protect the yields. Their optimisation is only possible if one undertakes a proper assessment of the effects their activities might have on the environment and the measures they must take to overcome resistance.
Herbicide Market Trends
The market is witnessing a surge in demand for eco-friendly herbicides, driven by increasing environmental awareness. Selective herbicides are gaining traction due to their targeted approach, minimizing harm to non-target species. The development of herbicide-resistant crops is also opening up new avenues for market growth.
The herbicide market is experiencing robust growth, fueled by a confluence of factors impacting global agriculture and environmental management. These key drivers are shaping the market's trajectory:
While the herbicide market exhibits strong growth potential, it also faces significant challenges that require careful consideration:
North America is projected to maintain its dominance in the Herbicide Market:
Synthetic herbicides, particularly glyphosate, are the largest market segment:
Advancements in biotechnology are driving the development of new herbicidal formulations:
Type:
Mode of Action:
Crop Type:
This comprehensive report offers a detailed and insightful analysis of the Herbicide Market, providing valuable data and perspectives for stakeholders across the industry. Key areas of coverage include:
The Herbicide Market is segmented into the following regions:
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 4.06% from 2019-2033 |
| Segmentation |
|
Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 4.06%.
Key companies in the market include Syngenta, Bayer Crop Science, BASF, Corteva Agriscience, FMC Corporation, Dow AgroSciences, Nufarm, Adama Agricultural Solutions, UPL Limited, Land O'Lakes.
The market segments include Type, Mode of Action, Crop Type.
The market size is estimated to be USD 41.9 USD Billion as of 2022.
Increasing Adoption of Precision Farming Techniques to Propel Agricultural Sprayer Demand.
Subsidizing Agricultural Machinery to Propel Market to Next Height.
Limited Shelf Life and High Cost of the Products to Hamper Market Growth.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in K Tons .
Yes, the market keyword associated with the report is "Herbicide Market," which aids in identifying and referencing the specific market segment covered.
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