Jersey City, New Jersey, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Headline – Herbicides Market is expected to generate a revenue of USD 9.13 Billion by 2028, Globally, at 4.93% CAGR: Verified Market Research®
Subhead – The Global Herbicides Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Dateline - Jersey City, New Jersey, September 30, 2022
Body - Verified Market Research recently published a report, “Herbicides Market” By Type(Synthetic Herbicide and Bioherbicide), By Mode of Action(Selective and Non-selective), By Crop Type(Corn, Cotton, Soybean, Wheat), and By Geography.
As per the deep research carried out by Verified Market Research, the global Herbicides Market size was valued at USD 6.22 Billion in 2020 and is projected to reach USD 9.13 Billion by 2028, growing at a CAGR of 4.93 % from 2021 to 2028.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=15501
Browse in-depth TOC on “Herbicides Market”
202 - Pages
126 – Tables
37 – Figures
Global Herbicides Market Overview
The growing demand for commercial crops with the change in monsoon leads to an increase in demand for the global herbicides market. The rising global demand for agricultural commodities such as grains and cereals is boosting the global demand for herbicides in the market. Shrink in arable land with the change in climatic conditions are some of the drivers, which are affecting the demand for herbicides in the global market. Most worms and pests are resistant to herbicides, and based on that manufacturers make changes in the chemical formula and develop another type of product in the same segment to kill the pest and worms. The low arable land in Latin America is driving the herbicides market. The growing demand for top agricultural productivity to satisfy the increasing demand of the population is positively impacting the worldwide market. It boosts agricultural productivity by eliminating unwanted weeds and herbs. Rapidly increasing population and rising financial stability are the key factors that affect the worldwide herbicide market growth.
There are specific challenges and restraints faced that will hinder the overall market growth. The factors such as the use of herbicides polluting the drinking water as well as the air that we breathe is estimated to sluggish growth during the forecast period. Also, the carcinogenic nature of certain active ingredients and herbicide residue issues are inhibiting the growth of the market. Further, stringent approval procedures and the absence of standards and protocols are potential restraints hampering the overall growth of the global herbicides market. Nevertheless, the rise in the agricultural industry in developing economies, and the development of novel formulations offer favorable growth opportunities.
Key Developments
- Monsanto was purchased by Bayer for $63 billion. Monsanto was purchased for $63 billion by Bayer AG, a German pharmaceutical and life sciences corporation that makes and promotes healthcare and agricultural products such as crop protection chemicals and polyurethanes.
- For Argentine agriculture, BASF SE launched Zidua, a pre-emergent and residual herbicide.
Key Players
The major players in the market are BASF, Bayer AG, DowDupont, Syngenta AG, FMC Corporation, Adama Agricultural Solutions Ltd, Nufarm Ltd., ADAMA, Bayer AG, AMVAC, and Dow DuPont.
Verified Market Research has segmented the Global Herbicides Market On the basis of Mode Of Action, Crop Type, Type, and Geography.
- Herbicides Market, By Mode of Action
- Selective
- Non-selective
- Herbicides Market, By Crop Type
- Corn
- Cotton
- Soybean
- Wheat
- Others
- Herbicides Market, By Type
- Synthetic Herbicide
- Bioherbicide
- Herbicides Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
Browse Related Reports:
Agrochemicals Market By Fertilizer Type (Nitrogen fertilizer, Phosphatic Fertilizer, Potassic Fertilizer), By Pesticide Type (Fungicides, Herbicides, Insecticides), By Crop Type (Cereals and Grains, Oilseeds and Pulses), By Geography, And Forecast
Agricultural Adjuvants Market By Function (Activator Adjuvant, Utility Adjuvant), By Crop Type (Fruits And Vegetables, Pulses And Oilseeds), By Adoption Stage (Tank-Mix, In-Formulation), By Application (Fungicides, Herbicides), By Formulation (Emulsifiable Concentrates, Suspension Concentrates), By Geography, And Forecast
Agricultural Surfactants Market By Type (Non-ionic, Anionic, Cationic), By Application (Herbicides, Fungicides, Insecticides), By Geography, And Forecast
Dicamba Herbicide Market By Time of Application (Pre-Emergence, Post-Emergence), By Physical Form (Liquid, Dry), By Formulation (Acid, Salt), By Crop Type (Oilseeds And Pulses, Cereals And Grains) By Geography, And Forecast
Top 5 Organic Fertilizer Companies taking the green initiative forward at the global level
Visualize Herbicides Market using Verified Market Intelligence -:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a bright future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance and use industrial techniques to collect and analyze data on more than 15,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.
