Global $47.09 Bn Herbicides Market to 2025 & 2030 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 16, 2021--
The “Herbicides Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global herbicides market is expected to grow from $33.65 billion in 2020 to $35.72 billion in 2021 at a compound annual growth rate (CAGR) of 6.2%. The market is expected to reach $47.09 billion in 2025 at a CAGR of 7%.
Major players in the Herbicides market are Adama Agricultural Solutions Ltd, Basf Se, Bayer Ag, Dowdupont, FMC Corporation, Nufarm Limited, Syngenta, The Dow Chemical Company, E.I. Du Pont De Nemours And Company and Monsanto Company.
The Herbicides market consists of sales of herbicides. Herbicides are commonly known as weed killers and are chemical substances used to control unwanted plants.
World population is growing and is expected to reach 10 billion by 2050 and this is expected to significantly boost the herbicides market during the forecast period. Increase in population creates more demand for food. Crop production, farming activities and trade volumes will have to increase in order to meet increased population. Additionally, farmers and commercial farming companies will increase acquisitions in arable land to increase crop production and this is expected to increase the demand for herbicides and will boost the market growth.
The usages of synthetic herbicides are leading to different complications in humans as well as animals. Generally, herbicides are single substance or mixture of substances used to control, destroy and repel weeds growth. Most of the herbicides cause breathing, digestion problems and skin irritation due to the presence of chemical substances in it. The problems developed by humans and animals due to usage of synthetic herbicides limits the growth of herbicides market.
The Herbicides market covered in this report is segmented by type into synthetic, bio based. It is also segmented by application into grains & cereals, pulses & oilseeds, commercial crops, fruits & vegetables, turf & ornamentals.
The herbicides market has registered a significant increase in mergers and acquisitions over the last 5 years. Such collaborations are mainly aimed at expanding the product range or distribution networks. This can also be attributed to low food commodity prices which affect pesticides manufacturers and distributors leading to industry consolidation.
Key Topics Covered:
1. Executive Summary
2. Herbicides Market Characteristics
3. Herbicides Market Trends and Strategies
4. Impact of COVID-19 on Herbicides
5. Herbicides Market Size and Growth
5.1. Global Herbicides Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Herbicides Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Herbicides Market Segmentation
6.1. Global Herbicides Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Bio Based
6.2. Global Herbicides Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Grains & Cereals
- Pulses & Oilseeds
- Commercial Crops
- Fruits & Vegetables
- Turf & Ornamentals
6.3. Global Herbicides Market, Segmentation by Mode of Action, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7. Herbicides Market Regional and Country Analysis
7.1. Global Herbicides Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Herbicides Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Adama Agricultural Solutions Ltd
- Basf Se
- Bayer Ag
- FMC Corporation
- Nufarm Limited
- The Dow Chemical Company
- E.I. Du Pont De Nemours And Company
- Monsanto Company
- Platform Specialty Products Corporation
- Nissan Chemical Industries Ltd.
- Drexel Chemical Company
- Sumitomo Chemical Co., Ltd.
- Wilbur-Ellis Holdings, Inc
- Upl Limited
- Heranba Industries Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/qxcvvg
View source version on businesswire.com:https://www.businesswire.com/news/home/20210916005897/en/
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SOURCE: Research and Markets
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PUB: 09/16/2021 04:48 PM/DISC: 09/16/2021 04:48 PM