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.
The top-down and bottom-up approaches were used to arrive at the market sizes and obtain the 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 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.
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 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 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
- 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:
- Others (Dicamba, Acetochlor and Glufosinate)
On the basis of Mode of Action, the herbicides market has been segmented into the following:
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
- South America
- Rest of the World
- Available Customizations