Global Herbicides Market – Growth, Trends And Forecasts (2014 – 2019)
Jul 02 2014
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Consumption and demand for synthetic herbicides has always maintained supremacy over other pesticide categories, since they protect a wide variety of grains, cereals, oilseeds and fruit and vegetable crops from infestation of weeds. Volume consumption of herbicides globally is expected to record a CAGR of 4.9% between 2014 and 2020 and value demand of 5.4% over 2014-2020. Increasing demand from major end-use applications of glyphosate-tolerant GM crops and conventional crops will bolster demand for glyphosate-based herbicides and since the agriculture sector in Asia-Pacific and Latin America has been undergoing rapid growth, demand for glyphosate-based herbicides is likely to be further propelled. However, negative factors, such as emergence of glyphosate-resistant weeds and stringent environmental regulations restricting the use of agrochemicals would play a part in curbing the use of synthetic herbicides. In the long run, overcoming these impediments would require developing novel integrated weed management systems due to the environmental benefits offered by them.
This report on Herbicides from Mordor Intelligence takes into account a number of factors that have been responsible for driving growth, as well as other aspects that have led to curtailed demand. As a consequence, companies are offered a perfect opportunity of considering all the viable alternatives in arriving at beneficial decisions.
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