Precision Business Insights has published a report on the global herbicides market, estimating its value at USD 34.2 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/herbicides-market
Market Definition:
Often referred to as weed killers, herbicides are chemicals used to control unwanted plants, or weeds. Non-selective herbicides (often referred to as "total weed killers") kill plants indiscriminately, whereas selective herbicides control weed species while largely sparing the intended crop. Between 1900 and 2000, the combined impacts of improved cultivars, nitrogen fertilizer, and herbicides raised main crop yields (per acre) by three to six times.
Drivers:
1) Rise in need for effective weed management solution
2) Increase in need of crop yield
3) Growing adoption of sustainable agriculture practices
The global herbicides market segmentation:
1) By Type: Chlorophenoxy Acid Herbicides, Triazine Herbicides, Organic Phosphorous Herbicides.
2) By Crop Type: Arable Crops, Permanent Crops.
3) By Mode of Action: Selective, Contact, Broad Spectrum, Residual, Systemic.
4) By Mode of Application: Soil, Seed, Foliar, Post-harvest.
5) By Formulation: Liquid, Granular, Powder, Other.
Regional Overview:
The report also examines the current concerns and their Future Effects on the herbicides market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the herbicides market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
· North America (U.S., Canada)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
· Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
· Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The key players profiled in the global herbicides market report are The Dow Chemical Company (U.S.), BASF SE (Germany), DuPont (U.S.), Syngenta AG (Switzerland), Monsanto Company (U.S.), FMC Corporation (U.S.), Nufarm Ltd. (Australia), Platform Specialty Products Corporation (U.S.), Nissan Chemical Industries Ltd. (Japan), Drexel Chemical Co. (U.S.)
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