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Herbicides Market Dominated by Asia-Pacific Region
The global herbicides market is dominated by Latin America, which contributed around 26.0% of the market in 2013. Brazil led the market in Latin America, with a 41.5% share. The Asia-Pacific market holds the second position, having accounted for a 24.8% share in 2013. China and Thailand are the key herbicide consuming countries in the Asia-Pacific region.
Herbicides are categorized on the basis of the active ingredients used in them. Glyphosate dominated the herbicides market globally, accounting for a 27.7% share in 2013. Other herbicides have been used extensively and held a substantial share of 66.4% in the year 2013. North America is the largest consumer of glyphosate, followed by the Asia-Pacific region. The cereals & grains segment accounted for around 37% of the total consumption, in 2013.
The global market for herbicides is dominated by a few large multinational corporations, which include Syngenta (Switzerland), BASF (Germany), Monsanto Company (U.S.), DuPont (U.S.), and Dow AgroSciences (U.S.). These participants together accounted for the major share of herbicides market in 2013. They are expanding their presence worldwide and are focusing on development of newer and more environment-friendly herbicides.
Herbicides Market by Type (Glyphosate, Atrazine, Acetochlor, 2,4-D), by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), by Mode of Action (Selective & Non-Selective) & Geography - Trends and Forecasts to 2019
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