Herbicides Market by Type (Synthetic Herbicide and Bioherbicide), Mode of Action (Selective and Non-selective), and Crop Type (Corn, Cotton, Soybean, Wheat, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025

Herbicides Market

The global herbicide market size is expected to reach an overall market revenue of USD 7,998.9 Million by 2025, by growing at a CAGR of 4.8% during the forecast period.

Herbicides are specific category of pesticides used to control unwanted plants during cultivation. Also known as weedkillers, herbicides are of two types, selective and non-selective herbicides. Selective herbicides control specific weed species, leaving the desired crop unharmed, whereas non-selective herbicides can be used to clear industrial and construction sites, railways and railway ridges as they kill all plant material with which they come into contact.

The aim of using herbicides is to improve agricultural productivity by killing unwanted herbs and weeds in the plantation. Hence, increase in demand for high agricultural productivity to meet the global food demands majorly drives the growth of the herbicides market. In addition, surge in population and rise in disposable income of a developing region such as Asia-Pacific increases the demand for herbicides. However, the hazards associated with synthetic herbicides lead to stringent regulations on the use of herbicides, which majorly hampers the growth of the global herbicides market.

The regulations lead to increase in the demand for bio-based herbicides. To meet the stringent regulations and to improve efficiency of herbicides, major players invest in research and development (R&D) activities to develop new herbicides. Chemical industry is gradually shifting from synthetic chemicals to bio-based chemicals by referring its eco-friendly nature. Biocides is very fast and highly effective product to control over thousands of weed species. Most importantly, it has the potential to control the glyphosate tolerant and resistant weeds by using the existing spraying technology.

Global herbicide market is anticipated to grow with a constant growth rate during the extended period of forecast (2020–2025) as most of the driving and limiting forces would have sustained effect over the global market. Decrease in number of labors, consequent rise in cost of the laborers, and shortage of arable lands are the major factors that drive the growth of the global market of herbicides. Rapid growth in urbanization creates shortage of labor, due to which farmers are adopting unconventional farming practices to increase the crop yield in less crop cultivable land. However, increase in health and environmental concerns associated with synthetic herbicides restrict the growth of the market.

The global herbicides market is segmented based on type, mode of action, crop type, and region. Based on type, the market is bifurcated into synthetic herbicide and bio herbicide. There is an increase in the awareness for alternative methods of weed control and bio-based pesticides owing to rise in health concerns and adverse effects on environment. At present, bio-based herbicide is produced from phytotoxins of microbial or non-pathogenic soil microbes. Bialaphos, Phosphinothricin, and Triketone are among few commercially available bioherbicides that are expected to hold major share in the growth of the global herbicides market. Based on mode of action, the market is categorized into selective and non-selective herbicide. Based on crop type, it is divided into corn, cotton, soybean, wheat, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major players analyzed in this report are BASF, Bayer AG, DowDupont, Syngenta AG, FMC Corporation, Adama Agricultural Solutions Ltd, and Nufarm Ltd. To stay competitive, these market players are adopting different strategies such as acquisition, merger, partnership and product launch. In an instance, the Corteva Agriscience subsidiary of DowDuPont acquired the Clearfield Canola Production System (“Clearfield canola”) in Canada and the U.S. from BASF. Clearfield canola is a globally-recognized non-genetically modified herbicide tolerance (HT) system. This acquisition helped strengthen its agriculture division.

North America is and will continue to be the leading consumer of herbicides till 2025 due to the trend of early adoption of technology in the developed countries of the region. In this region, the application of herbicide is not limited to the agricultural field; it is also used for the weed management in lawns and forests. Considering this North America herbicides share expected to progress during the forecast period. In addition, North America and Asia-Pacific are expected to be the fastest growing markets at a CAGR of 3.9% and 6.5%, respectively during the forecast period.

Hericides Market By Type

Glyphosate is the highest consumed herbicide in the prevailing market condition and also expected to retain its lead during the forecast period. The global market of glyphosate is expected to grow with a significant CAGR. Being an effective and low-cost solution, glyphosate is largely used in various applications in all geographies. Growers not only use it for weed management, but also for plant growth.

Hericides Market By Mode of Action

The applications segment of non-selective herbicide is more diverse than selective herbicide. In addition to weed management, the non-selective herbicides are also used for sustainable agricultural development.

Hericides Market By Crop Type

Other herbicides such as orchards & grapes, pasture & hay, rice, and vegetables & fruits are expected to be the fastest growing segment attributed to increase in use for stronger plants, higher crop yields, and higher farm profits.

By Type

• Synthetic
• Glyphosate
• Atrazine
• 2,4-Dichlorophenoxyacetic acid
• Acetochlor
• Paraquat
• Others
• Bio-Herbicides

By Region

• North America
• U.S
• Canada
• Mexico
• Europe
• France
• Germany
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• India
• China
• Australia
• Rest of Asia-Pacific
• LAMEA
• Brazil
• Argentina
• Rest of LAMEA

By Crop Type

• Corn
• Cotton
• Soybean
• Wheat
• Others

By Mode of Action

• Selective herbicides
• Non-selective herbicides. 

Key Market Players

• ADAMA AGRICULTURAL SOLUTIONS LTD
• BASF SE
• BAYER AG
• DOWDUPONT
• FMC CORPORATION
• NISSAN CHEMICAL CORPORATION
• NUFARM LIMITED
• SYNGENTA
• SUMITOMO CHEMICAL CO., LTD
• WILBUR-ELLIS HOLDINGS, INC

Scope of Herbicides Market Report