Herbicide Market Report|Industry Trends|Market Insights|Market Forecast to 2026
The Global Herbicide Market valued USD XX million in 2018 and expected to grow at a CAGR of XX% to reach a market value of USD XX million by 2026.
(EMAILWIRE.COM, October 22, 2019 ) Market Overview:
Herbicides prevents or eliminates weeds and thus replace or reduce manual and mechanical weeding. It provides more effective and economic means of weed control than cultivation, hoeing and hand pulling. Herbicide usage is high in major agricultural producing nations such as Australia, United States, Brazil, India and China with minimum availability of labour and high wage rates. With an approximate volume share of 48% in global pesticides market, herbicides evolved as the largest consumed crop protection pesticide across the globe.
Market Dynamics:
The growing need for improving agricultural yield owing to surging food demand and reducing arable land is the major factor driving the Herbicide Market. Arable land is constantly declining with urbanization, soil degradation, climatic changes, and some other factors. This has resulted in need for enhancing agricultural productivity, thereby driven the use of effective farming materials.
However, stringent government regulations imposed over the usage of specific herbicides due to their adverse environmental and human health effects is the major factor hindering the growth of Herbicide Market.
Market Segmentation:
Glyphosate segment dominated the global market owing to its extensive usage in agricultural production and its advantages such as low cost and high efficiency over other herbicides. Glyphosate was extensively used in the production of corn, soybean and wheat crops. Glyphosate accounted for nearly 30% percent market share in 2017. The glyphosate herbicides market is attaining investments into research activities that are aimed at reducing the adverse environmental effect of these chemicals.
In June 2019, Bayer AG, a global player in crop science and chemicals agents invested approximately USD 5.6 billion in weed killer research to reduce its environmental foot print by 30% by 2030. Evolution of GM glyphosate resistant crops is expected to provide growth opportunities for glyphosate-based herbicides.
According to FOE (Friends of the Earth Europe), introduction of GM glyphosate resistant sugar beet, maize, and soybean might increase the usage of glyphosate by 800% between 2017 and 2025.
Download Free Sample Report: https://www.datamintelligence.com/download-sample/herbicide-market
Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
Asia-Pacific is dominating the global herbicide market owing to large scale utilization of herbicides in wheat, corn, rice, and other crops. The declining availability of agricultural labor and shift towards precision farming practices is resulting in rapid transition of manual weed control towards crop protection chemicals. India and China are leading the herbicide consumption in this region and are expected to hold their dominance over the forecast period. According to the Chinese government, the market growth for herbicides in China is expected to increase by 3% from 2017.
Competitive Analysis:
The Herbicide Market is consolidated with major market players such as Syngenta AG, Bayer AG, BASF SE, and Dow Agrosciences .
View Full Report Sample: https://www.datamintelligence.com/research-report/herbicide-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Herbicides prevents or eliminates weeds and thus replace or reduce manual and mechanical weeding. It provides more effective and economic means of weed control than cultivation, hoeing and hand pulling. Herbicide usage is high in major agricultural producing nations such as Australia, United States, Brazil, India and China with minimum availability of labour and high wage rates. With an approximate volume share of 48% in global pesticides market, herbicides evolved as the largest consumed crop protection pesticide across the globe.
Market Dynamics:
The growing need for improving agricultural yield owing to surging food demand and reducing arable land is the major factor driving the Herbicide Market. Arable land is constantly declining with urbanization, soil degradation, climatic changes, and some other factors. This has resulted in need for enhancing agricultural productivity, thereby driven the use of effective farming materials.
However, stringent government regulations imposed over the usage of specific herbicides due to their adverse environmental and human health effects is the major factor hindering the growth of Herbicide Market.
Market Segmentation:
Glyphosate segment dominated the global market owing to its extensive usage in agricultural production and its advantages such as low cost and high efficiency over other herbicides. Glyphosate was extensively used in the production of corn, soybean and wheat crops. Glyphosate accounted for nearly 30% percent market share in 2017. The glyphosate herbicides market is attaining investments into research activities that are aimed at reducing the adverse environmental effect of these chemicals.
In June 2019, Bayer AG, a global player in crop science and chemicals agents invested approximately USD 5.6 billion in weed killer research to reduce its environmental foot print by 30% by 2030. Evolution of GM glyphosate resistant crops is expected to provide growth opportunities for glyphosate-based herbicides.
According to FOE (Friends of the Earth Europe), introduction of GM glyphosate resistant sugar beet, maize, and soybean might increase the usage of glyphosate by 800% between 2017 and 2025.
Download Free Sample Report: https://www.datamintelligence.com/download-sample/herbicide-market
Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
Asia-Pacific is dominating the global herbicide market owing to large scale utilization of herbicides in wheat, corn, rice, and other crops. The declining availability of agricultural labor and shift towards precision farming practices is resulting in rapid transition of manual weed control towards crop protection chemicals. India and China are leading the herbicide consumption in this region and are expected to hold their dominance over the forecast period. According to the Chinese government, the market growth for herbicides in China is expected to increase by 3% from 2017.
Competitive Analysis:
The Herbicide Market is consolidated with major market players such as Syngenta AG, Bayer AG, BASF SE, and Dow Agrosciences .
View Full Report Sample: https://www.datamintelligence.com/research-report/herbicide-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results