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Herbicides Market – New Revenue Pockets
The global herbicides market has drastically grown in the last few years and the same trend is expected to continue. Competition in the market players is high. Intensive research is being carried out by the major market players to develop new varieties of herbicides that are environment-friendly and control weeds on the farm more effectively. Many modern chemical herbicides for agriculture are specifically formulated to decompose within a short period after application. This is desirable, as it allows crops which may be affected by the herbicide to be grown on the land in future seasons. Proper vegetation management can be achieved with the application of specific herbicides on target crops. Development of less toxic and more environment-friendly herbicides is the new approach being adopted to penetrate the global market and to get better productivity from crops.
In recent years, developing countries such as China, Thailand, Brazil, and Argentina have recorded substantial growth in herbicide consumption. In addition, the Latin American and Asia-Pacific regions have emerged as agricultural powerhouses. Especially Brazil, which is already one of the world’s most potent agricultural markets, is expected to grow at a rate well above the regional average, which itself is growing faster than the average global growth for herbicides. This has led the attention of the market players of developed regions to the emerging markets in these regions.
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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