HOME Top Market Reports Herbicides Market by Type (Glyphosate, 2, 4-D, Diquat), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Mode of Action (Non-selective, Selective), and Region - Global Forecast to 2022

Herbicides Market by Type (Glyphosate, 2, 4-D, Diquat), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Mode of Action (Non-selective, Selective), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2017
Report Code: AGI 2528

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The global herbicides market is estimated at USD 27.21 Billion in 2016 and is projected to reach USD 39.15 Billion by 2022, at a CAGR of 6.25% during the forecast period. The base year considered for the study is 2015, and the forecast period is from 2016 to 2022. The basic objective of the report is to define, segment, and project the global herbicides market in both qualitative and quantitative terms on the basis of type, mode of action, crop type, and region. The report also aims to provide detailed information about the crucial factors influencing the growth of the herbicides market, strategical analysis of micromarkets, opportunities for stakeholders, details of competitive landscape, and profiles of the key players with respect to their market share and competencies.

Research Methodology:

The top-down and bottom-up approaches were used to arrive at the market sizes and obtain the herbicides market forecast. Data triangulation methods were used to perform market estimation and market forecasting for the entire segmentation listed in this report. Extensive secondary research was conducted to understand the herbicides market insights and trends, which were further validated through primary interviews. The report provides both qualitative and quantitative analysis of the global herbicides market, the competitive landscape, and the preferred development strategies of the key players.

Herbicides Market

To know about the assumptions considered for the study, download the pdf brochure

The value chain of herbicides market begins with research & development and product development, in which the prototype is synthesized and extracted from the raw material. It also includes environmental and biological testing, followed by safety trials. This testing and safety trial stage is followed by the registration of the product. The key manufacturers in herbicides market who comprise the value chain include BASF SE (Germany), The Dow Chemical Company (U.S.), E.I. du Pont de Nemours & Company (U.S.), Monsanto Company (U.S.), and Syngenta AG (Switzerland). These companies have diversified product portfolios, proprietary technologies, and strong distribution networks and offices at major strategic locations. Other companies profiled for this market are FMC Corporation (U.S.), Platform Specialty Products Corporation (U.S.), Nufarm Ltd. (Australia), Nissan Chemical Industries Ltd. (Japan), and Drexel Chemical Co.(U.S.) which also have a strong presence in the herbicides market.

The stakeholders for herbicides market are mentioned below:

  • Herbicides and other agrochemical importers/exporters
  • Herbicides and other pesticides manufacturers/suppliers
  • End consumers (farmers)
  • Intermediary suppliers
    • Wholesalers
    • Traders
  • Research institutes and organizations
  • Regulatory bodies

Scope of the Report:

This research report categorizes the herbicides market based on type, crop type, mode of action, and region.

On the basis of Type, the herbicides market has been segmented into the following:

  • Glyphosate
  • Diquat
  • 2,4-D
  • Others (Dicamba, Acetochlor and Glufosinate)

On the basis of Mode of Action, the herbicides market has been segmented into the following:

  • Non-selective
  • Selective

On the basis of Crop Type, the herbicides market has been segmented into the following:

  • Cereals & grains
  • Oilseeds & pulses
  • Fruits & vegetables
  • Others (lawns, forests, and aquatic vegetation)

On the basis of Region, the herbicides market has been segmented into the following:

  • North America : Herbicides Market
  • Europe : Herbicides Market
  • Asia-Pacific : Herbicides Market
  • South America : Herbicides Market
  • Rest of the World : Herbicides Market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Geographical Analysis

  • Further breakdown of the Rest of Europe region herbicides market into the Netherlands, Hungary, Romania
  • Further breakdown of the Rest of Asia-Pacific region herbicides market into Australia and Malaysia

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Adoption of better farming practices globally to drive the global nematicides market to USD 1.4 billion by 2022

The herbicides segment dominated the crop protection chemicals market in 2016. This has  been attributed to the wide acceptance of herbicides in the cultivation of a variety of crops. They are convenient to use on crops such as sugarcane, rice, soybean, and cotton.  Rapidly advancing technology in the agricultural and allied sectors has also impacted conventional agricultural practices. It has made the use of external agents more efficient in terms of productivity. Using herbicides to eradicate weeds at an early stage helps in increasing the productivity and yield per unit, which has led to its increased use across the globe.

There is a continuous evolution of technology and advancement in farming practices. Modern technology and advancement in agricultural chemistry have enabled farmers to engage in effective weed management practices. Increasing awareness about herbicides has resulted not only in the use of herbicides but also potential crop savings in developing nations. The global herbicides market is experiencing an increase in the number of patents and new product registrations such as Quelex herbicide, registered by Dow AgroSciences (US). This has provided better solutions to the wheat producers for advanced weed control, which proves to be one of the driving elements for the herbicides market.

Herbicides can be classified as per their selectivity to certain weeds and plants. Selective herbicides are formulated to control specific weeds or weed categories. This type of herbicide is toxic for some plant species but less toxic to other plants and plant species.  Non-selective herbicides are formulated to control a broad range of plants and grass weeds. The global herbicides market is dominated by non-selective herbicides, especially glyphosate.

Stringent approval procedures act as a major challenge for the herbicides market

There are three major government agencies that regulate crop protection chemicalsEnvironmental Protection Agency (EPA), Food and Drugs Administration (FDA), and Food Safety and Inspection Service (FSIS). These government organizations are responsible for registering the herbicides; regulating their toxicity, usage, and residue levels permitted on food; they also produce a list of banned herbicides.

The restriction or ban completely wipes the market opportunity of those herbicides, in a particular region, and demands further R&D and long-term toxicological studies. This restricts the geographical potential for revenue generation. For instance, in the US, there is a “Restricted Use” classification, which restricts a product to be used only under the direct supervision of a certified herbicide applicator. This means a license is required to purchase and apply the product.

Market Dynamics

Herbicides Market

Development of novel formulations and new product launch would drive the herbicides market forward

Several key players are developing products of different textures and formulations in order to meet specific requirements of agricultural producers. The Roundup brand of herbicide has been marketed across regions in different forms such as granules, gels, and liquids, causing the herbicides market to expand in the regions, where the cost of shipping is likely to be high. Moreover, high investment in R&D has caused the companies to introduce less toxic active ingredients in the manufacture of herbicides. Companies such as BASF, DowDuPont, and Syngenta are launching several new products in the herbicides market. For instance, in November 2015, DowDuPont launched a new product “Sulfonylurea,” which consists of rimsulfuron and nicosulfuron which is applied on sorghum varieties. It further contains the DuPont Inzen herbicide-tolerance sorghum trait. It helps in controlling grasses that limit the crop yield.

Leading herbicide manufacturers are developing sustainable and innovative solutions for existing and new types of herbicides to drive the herbicides market forward

Herbicides Market

Glyphosate: Most commonly used herbicide type

Glyphosate is a non-selective herbicide used primarily for perennial weed control and in zero tillage grain production systems. Glyphosate-containing herbicides are the most widely used herbicides in the North American region due to the higher adoption of herbicide-tolerant corn and soybeans. They are also crucial in the production of genetically modified herbicide-resistant crops. In recent years, a number of scientific studies have raised concerns about glyphosate’s safety, and there have been calls for glyphosate-containing herbicides to be banned in the European region. However, the usage restriction limits on glyphosate have been extended and an ongoing research would decide on the concentration level of usage in the European region.

Diquat: Second-largest type of herbicide used globally

Diquat, or diquat dibromide, originally registered by the Environmental Protection Agency (EPA) in 1986, diquat was reregistered in 1995. It is primarily sold for agricultural usage and is also used to kill aquatic weed species such as floating-leaf and submerged aquatic plants and algae. Diquat is a non-selective herbicide and kills a wide variety of plants on contact. It does not move throughout the plants, and only kills those parts of plants that are in contact. Diquat is generally formulated as a liquid and is sprayed on plant leaves. Once applied, diquat is absorbed by the plant and causes the foliage to dry out.

2,4-D: Asia Pacific is projected to have the largest market share in herbicides market next 5 years

2,4-Dichlorophenoxyacetic acid, commonly known as 2,4-D, is a widely used herbicide. It is manufactured and marketed by different companies. It is a generic herbicide and is used to control broadleaf weeds. It is one of the most widely used herbicides and is used as a synthetic auxin (plant hormone). It is a key ingredient in many lawn care products, and is also used to control roadside foliage, wild vegetation, and aquatic weeds.

2,4-D has been evaluated by the European Union and been placed in the list of approved herbicides. It is currently not approved for use on lawns and gardens in Sweden, Denmark, Norway, Kuwait, and the Canadian provinces of Quιbec and Ontario and is restricted in Belize.

Others: South American market held the largest market share in herbicides market

Many herbicides, such as dicamba, acetochlor, and glufosinate are now available for use in agriculture and lawn & garden weed control. These herbicides kill the weeds selectively by impairing metabolic processes that are unique to plant life. Some herbicides pose a significant risk of poisoning when not handled appropriately. Dicamba is a selective herbicide used for many broadleaf weeds.

Acetochlor is a chloroacetanilide type herbicide. It is a pre-emergent herbicide and is compatible with most other pesticides and liquid fertilizers when used in the recommended dosage. It carries a risk of environmental contamination and is used for control of most annual grasses, certain broadleaf weeds, and yellow nutsedge. Acetochlor is considered as a restricted use pesticide (RUP) with a toxicity classification of highly toxic in the US.

Key Questions

  • What are the upcoming substitutes and trends that will have a significant impact on the herbicides market in the future?
  • What will be the prominent revenue-generating pockets for the herbicides market in the next five years?
  • Most of the suppliers have opted for new product development and acquisition as the key strategies as observed from the recent developments. Where will it take the herbicides market in the mid to long term?

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered in the Study
    1.5 Currency
    1.6 Units Considered
    1.7 Stakeholders
    1.8 Limitations

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in this  Market
    4.2 Market, By Type
    4.3 South America: Herbicides Market
    4.4 Market: Major Countries
    4.5 Market, By Application
    4.6 Market: Life Cycle Analysis, By Region

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Mode of Action
           5.2.3 By Crop Type
           5.2.4 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Adoption of Better Farming Practices Globally
                    5.3.1.2 Rise in Production of Cereals and Grains in Asian Countries
           5.3.2 Restraints
                    5.3.2.1 Carcinogenic Nature of Certain Active Ingredients
                    5.3.2.2 Herbicide Residue Issues
           5.3.3 Opportunities
                    5.3.3.1 Rise in Agricultural Industry in Developing Economies
                    5.3.3.2 Development of Novel Formulations
           5.3.4 Challenges
                    5.3.4.1 Stringent Approval Procedures
    5.4 Trade Data
           5.4.1 Herbicide Imports
           5.4.2 Herbicide Exports

6 Industry Trends (Page No. - 43)
    6.1 Introduction
    6.2 Value Chain
    6.3 Supply Chain
    6.4 Porter’s Five Forces Analysis
           6.4.1 Bargaining Power of Suppliers
           6.4.2 Bargaining Power of Buyers
           6.4.3 Threat of New Entrants
           6.4.4 Threat of Substitutes
           6.4.5 Intensity of Competitive Rivalry
    6.5 List of Banned Herbicides

7 Herbicides Market, By Type (Page No. - 49)
    7.1 Introduction
    7.2 Glyphosate
    7.3 Diquat
    7.4 2,4-D
    7.5 Others

8 Herbicides Market, By Mode of Action (Page No. - 57)
    8.1 Introduction
    8.2 Non-Selective
    8.3 Selective

9 Herbicides Market, By Crop Type (Page No. - 61)
    9.1 Introduction
    9.2 Cereals & Grains
    9.3 Oilseeds & Pulses
    9.4 Fruits & Vegetables
    9.5 Others

10 Herbicides Market, By Region (Page No. - 67)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 France
             10.3.2 Germany
             10.3.3 Spain
             10.3.4 Italy
             10.3.5 U.K.
             10.3.6 Poland
             10.3.7 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Thailand
             10.4.3 Japan
             10.4.4 India
             10.4.5 Rest of Asia-Pacific
     10.5 South America
             10.5.1 Brazil
             10.5.2 Argentina
             10.5.3 Rest of South America
     10.6 RoW
             10.6.1 Africa
             10.6.2 Middle East

11 Competitive Landscape (Page No. - 102)
     11.1 Overview
     11.2 Ranking Analysis
     11.3 Competitive Situation & Trend
             11.3.1 New Product Launches and Product Approvals
             11.3.2 Mergers & Acquisitions and Strategic Alliances
             11.3.3 Agreements and Collaborations
             11.3.4 Investments and Expansions

12 Company Profiles (Page No. - 109)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     12.1 BASF SE
     12.2 The DOW Chemical Company
     12.3 E.I. Du Pont De Nemours and Company
     12.4 Monsanto Company
     12.5 Syngenta AG
     12.6 FMC Corporation
     12.7 Platform Specialty Products Corporation
     12.8 Nufarm Limited
     12.9 Nissan Chemical Industries Ltd.
     12.10 Drexel Chemical Company

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 133)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (73 Tables)

Table 1 Commonly Used Herbicides
Table 2 List of Banned Herbicides
Table 3 Herbicides Market Size, By Type ,2014-2022 (USD Billion)
Table 4 Market Size For Herbicides, By Type,2014–2022 (KT)
Table 5 Glyphosate: Market Size, By Region, 2014-2022 (USD Billion)
Table 6 Glyphosate: Market Size For Herbicides, By Region, 2014–2022 (KT)
Table 7 Diquat: Market Size, By Region, 2014–2022 (USD Million)
Table 8 Diquat: Market Size For Herbicides, By Region, 2014–2022 (KT)
Table 9 2,4-D: Market Size, By Region, 2014–2022 (USD Million)
Table 10 2,4-D: Market Size For Herbicides, By Region, 2014–2022 (KT)
Table 11 Others: Herbicides Market Size, By Region, 2014–2022 (USD Billion)
Table 12 Others: Market Size For Herbicides, By Region, 2014–2022 (KT)
Table 13 Market Size, By Mode of Action, 2014-2022 (USD Billion)
Table 14 Non-Selective Herbicides Market Size, By Region, 2014-2022 (USD Billion)
Table 15 Selective Herbicides Market Size, By Region, 2014-2022 (USD Billion)
Table 16 Market Size, By Crop Type, 2014–2022 (USD Billion)
Table 17 Cereals & Grains: Market Size, By Region, 2014–2022 (USD Billion)
Table 18 Oilseeds & Pulses: Market Size, By Region, 2014–2022 (USD Million)
Table 19 Fruits & Vegetables: Market Size, By Region, 2014–2022 (USD Million)
Table 20 Others: Market Size, By Region, 2014–2022 (USD Million)
Table 21 Market Size, By Region, 2014–2022 (USD Billion)
Table 22 Market Size, By Region, 2014–2022 (KT)
Table 23 North America: Herbicides Market Size, By Country, 2014–2022 (USD Million)
Table 24 North America: Market Size For Herbicides, By Country, 2014–2022 (KT)
Table 25 North America: Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 26 North America: Market Size For Herbicides, By Type, 2014–2022 (KT)
Table 27 North America: Market Size For Herbicides, By Crop Type, 2014–2022 (USD Million)
Table 28 North America: Market Size For Herbicides, By Mode of Action, 2014–2022 (USD Million)
Table 29 U.S.: Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 30 Canada: Market Size, By Type, 2014–2022 (USD Million)
Table 31 Mexico: Market Size, By Type, 2014–2022 (USD Million)
Table 32 Europe: Market Size, By Country, 2014–2022 (USD Million)
Table 33 Europe: Market Size For Herbicides, By Country, 2014–2022 (KT)
Table 34 Europe: Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 35 Europe: Market Size For Herbicides, By Type, 2014–2022 (KT)
Table 36 Europe: Market Size For Herbicides, By Crop Type, 2014–2022 (USD Million)
Table 37 Europe: Market Size For Herbicides, By Mode of Action, 2014–2022 (USD Million)
Table 38 France: Market Size, By Type, 2014–2022 (USD Million)
Table 39 Germany: Market Size, By Type, 2014–2022 (USD Million)
Table 40 Spain: Market Size, By Type, 2014–2022 (USD Million)
Table 41 Italy: Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 42 UK:Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 43 Poland: Market Size, By Type, 2014–2022 (USD Million)
Table 44 Rest of Europe: Market Size, By Type, 2014–2022 (USD Million)
Table 45 Asia-Pacific: Market Size, By Country, 2014–2022 (USD Million)
Table 46 Asia-Pacific: Market Size For Herbicides, By Country, 2014–2022 (KT)
Table 47 Asia-Pacific: Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 48 Asia-Pacific: Market Size For Herbicides, By Type, 2014–2022 (KT)
Table 49 Asia-Pacific: Market Size For Herbicides, By Crop Type, 2014–2022 (USD Million)
Table 50 Asia-Pacific: Market Size For Herbicides, By Mode of Action, 2014–2022 (USD Billion)
Table 51 China: Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 52 Thailand: Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 53 Japan: Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 54 India : Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 55 Rest of Asia-Pacific: Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 56 South America: Market Size For Herbicides, By Country, 2014–2022 (USD Million)
Table 57 South America:  Market Size For Herbicides, By Country, 2014–2022 (KT)
Table 58 South America: Market Size, By Type, 2014–2022 (USD Million)
Table 59 South America: Market Size For Herbicides, By Type, 2014–2022 (KT)
Table 60 South America: Market Size For Herbicides, By Crop Type, 2014–2022 (USD Million)
Table 61 South America: Market Size For Herbicides, By Mode of Action, 2014–2022 (USD Million)
Table 62 Brazil: Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 63 Argentina: Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 64 Rest of South America: Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 65 RoW: Market Size For Herbicides, By Region, 2014–2022 (USD Million)
Table 66 RoW: Market Size For Herbicides, By Region, 2014–2022 (KT)
Table 67 RoW: Market Size Herbicides, By Type, 2014–2022 (USD Million)
Table 68 RoW: Market Size For Herbicides, By Type, 2014–2022 (KT)
Table 69 RoW: Market Size For Herbicides, By Crop Type, 2014–2022 (USD Million)
Table 70 RoW: Market Size For Herbicides, By Mode of Action, 2014–2022 (USD Million)
Table 71 Africa: Market Size For Herbicides, By Type, 2014–2022 (USD Million)
Table 72 Middle East: Market Size, By Type, 2014–2022 (USD Million)
Table 73 Ranking Based on Herbicides Sales, 2015


List of Figures (43 Figures)

Figure 1 Herbicides Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Herbicides Market: Data Triangulation
Figure 5 Market Size For Herbicides, By Type, 2016 vs 2022
Figure 6 Cereals & Grains Segment is Projected to Hold the Largest Market Share By 2022
Figure 7 Non-Selective Segment is Projected to Hold the Largest Market Share By 2022
Figure 8 South America is Expected to Dominate the Herbicides Market From 2016 to 2022
Figure 9 Increasing Applicability of Herbicides Provides Opportunities for This Market
Figure 10 Glyphosate Segment to Grow at the Highest Rate
Figure 11 South American Region Was the Largest Market for Herbicides in 2015
Figure 12 India is Projected to Be the Fastest-Growing Country-Level Market for Herbicides From 2016 to 2022
Figure 13 South America Dominated the Herbicides Market for Oilseeds & Pulses in 2015
Figure 14 Herbicides Market in Asia-Pacific is Experiencing Rapid Growth
Figure 15 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Rice Production in Asian Countries (2014–2015)
Figure 17 Gross Agriculture Production Index: Asia
Figure 18 Value Chain Analysis for Herbicides Market: Major Value is Added During Registration and Formulation
Figure 19 Supply Chain for Herbicides Market
Figure 20 Glyphosate Projected to Grow at the Highest Rate From 2016 to 2022
Figure 21 Non-Selective Segment is Expected to Dominate the Herbicides Market, 2016-2022 (USD Billion)
Figure 22 South America is Expected to Dominate the Non-Selective Herbicides Market, 2016-2022 (USD Billion)
Figure 23 Cereals & Grains is Expected to Have has the Largest Market Share During 2016–2022
Figure 24 South America Accounted for the Largest Market Share in the Global Market for Herbicides
Figure 25 Regional Snapshot: Asia-Pacific Herbicide Market is Projected to Grow at the Highest CAGR During 2016 to 2022
Figure 26 Asia-Pacific: Market Snapshot
Figure 27 South America: Market Snapshot
Figure 28 Companies Adopted New Product Launches and Product Approvals as the Key Growth Strategy
Figure 29 New Product Launches and Product Approvals Was the Key Strategy 2012–2016
Figure 30 BASF SE: Company Snapshot
Figure 31 BASF SE: SWOT Analysis
Figure 32 The DOW Chemical Company: Company Snapshot
Figure 33 The DOW Chemical Company: SWOT Analysis
Figure 34 E.I. Du Pont De Nemours and Company: Company Snapshot
Figure 35 E.I. Du Pont De Nemours and Company: SWOT Analysis
Figure 36 Monsanto Company: Company Snapshot
Figure 37 Monsanto Company : SWOT Analysis
Figure 38 Syngenta AG: Company Snapshot
Figure 39 Syngenta AG: SWOT Analysis
Figure 40 FMC Corporation: Company Snapshot
Figure 41 Platform Specialty Products Corporation.: Company Snapshot
Figure 42 Nufarm Limited: Company Snapshot
Figure 43 Nissan Chemical Industries Ltd.: Company Snapshot

The global herbicides market is estimated at USD 27.21 Billion in 2016 and is projected to reach USD 39.15 Billion by 2022, at a CAGR of 6.25% during the forecast period. The primary factors that drive the herbicides market are adoption of better farming practices and rise in production of cereals & grains, especially in the Asia-Pacific region.

The global herbicides market is segmented on the basis of type, mode of action, crop type, and region. On the basis of type, the herbicides market was led by glyphosate, followed by diquat and 2-4-D in 2015. . Glyphosate is the leading segment by type and is used for perennial weed control purposes. Moreover, being a generic herbicide and due to its easy affordability and wide usage, it is preferred over other herbicide types. Diquat is a non-selective herbicide and has wider application; demand for it has increased especially in China and other Asian countries due to the declaration of paraquat as a restricted use pesticide (RUP) by environmental protection agencies in more than 30 countries. Diquat has been considered as a substitute for paraquat as both are non-selective contact herbicides and have almost similar chemical properties.

The global herbicides market based on mode of action is segmented into non-selective and selective. Non-selective herbicides are broad spectrum in usage and are effective on almost all crop types. They are also used to control both broadleaf as well as grass weeds. Majority of herbicides available in the market are non-selective and are preferred over selective herbicides.

The global herbicides market based on crop type is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables. The cereals & grains accounted for largest market share in 2015. Herbicides are used on almost all vegetation types to kill weeds. Cereals & grains are cultivated in majority of the countries around the globe to cater to food grain requirements. . Farmers are also focusing on reducing yield losses by maximizing the usage of herbicides on cereal & grain crops to control wastage of crops due to weeds.

The demand for herbicides is increasing especially India and China due to the development of better farming and crop protection methods. The rising labor-wage component in the total cost of cultivation is also driving this trend. The growing research & development facilities supported by governments in the Asia-Pacific region are also contributing to the growth of the herbicides market here.

Herbicides Market

South America has the largest share in the herbicides market followed by Asia-Pacific region in 2015. The Asia-Pacific region is also projected to grow fastest during the forecast period. This is due to advancements in crop protection techniques against weeds and demand for low-priced generic herbicide formulations.

The major factor restraining the growth of the herbicides market is that some herbicides are carcinogenic to humans. Although various regulatory agencies have recommended dosage and certain herbicides are already termed as restricted usage pesticides (RUP) in many countries, they are still widely used.

The global herbicides market is highly concentrated, with a few multinational companies accounting for a majority share. The herbicides market in developed countries has become saturated and most of the demand is accounted for by developing countries. The key players identified have a strong presence in the global herbicides market. These include BASF SE (Germany), The Dow Chemical Company (U.S.), E.I. du Pont de Nemours & Company (U.S.), Monsanto Company (U.S.), and Syngenta AG (Switzerland), FMC Corporation (U.S.), Platform Specialty Products Corporation (U.S.), Nufarm Ltd. (Australia), Nissan Chemical Industries Ltd. (Japan), and Drexel Chemical Co. (U.S.).

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