Herbicides are essential agrochemicals which helps in preventing the growth of weeds. The market for herbicides is growing at an incremental pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Herbicides Market Research Report- Forecast to 2023 that the market will demonstrate at a significant CAGR % while achieving million-dollar growth readily in the forecast period.
Global Key Players and Competition Analysis
Some of the key players profiled in the global herbicides market are BASF SE (Germany), The Dow Chemical Company (U.S.), Monsanto Company (U.S.), FMC Corporation (U.S.), Bayer AG (Germany), Agrium Inc (Canada), PI Industries (India)
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Segmentation Analysis
Herbicides market is segmented based on active ingredients such as Glyphosate, 2, 4-D, Atrazine, Dicamba, Diquat, Acetochlor, and others. Based on the type, herbicides market is segmented into pre-plant, pre-emergent, and post- emergent herbicides. Based on method of application, herbicides market is segmented into soil and foliar. Based on the application of herbicides, the market is segmented into oilseeds & pulses, cereals & grains, fruits & vegetables, and others.
Regional Analysis
The Global Herbicides Market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific dominates the market and is projected to continue growing over the estimated period. India and China, two of the largest countries in terms of population are majorly contributing the growth of herbicides in this region.
Industry News
Oct 2017 BASF SE launched Zidua SC herbicide. The product has been made especially for the corn, cotton, peanuts, soybeans, sunflowers and wheat.
Oct 2017 BASF SE signed an agreement to acquire significant parts of Bayer’s seed and non-selective herbicide businesses. The acquisition will help the organization to increase the product line of herbicides.
March 2017 BASF SE expanded their production capacity of herbicide dicamba in the Texas plant
Market Scope
Herbicides are used to kill unwanted plants without causing any harm to the plants and increase agriculture productivity. They are applicable to oilseeds & pulses, cereals & grains, fruits & vegetables, and others. Continuous rising population is increasing demand for high agricultural productivity and driving the growth of global herbicides market.
Browse the market data and information spread across 110 pages with 30 data tables and 17 figures of the report “Herbicides Market Research Report- Forecast till 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/herbicides-market-4853
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