The global herbicides market is estimated at USD 27.21 billion in 2016 and is projected to reach USD 39.15 billion by 2022, at a CAGR of 6.25% during the forecast period.
The years considered for the study are as follows:
- Base year: 2015
- Beginning of projection period: 2016
- End of projection period: 2022
Objectives of the report
- To define, segment, and measure the herbicides market in both quantitative and qualitative terms
- To provide an analysis of opportunities in the market for stakeholders through the identification of high-growth segments
- To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
- To understand the industry trends of the herbicides market along with a value chain and supply chain analysis
- To provide a strategic profiling of key players in the herbicides market and a comprehensive analysis of their core competencies
- To analyze the strategies of key players and developments, such as new product launches & product approvals, mergers & acquisitions and strategic alliances, agreements and collaborations, and investments & expansions
Research Methodology:
- Major regions were identified along with countries contributing the maximum share.
- Secondary research was conducted to obtain the value of herbicides market for regions such as North America, Europe, Asia Pacific, South America, and RoW.
- The key players have been identified through secondary sources such as the Bloomberg, Businessweek, Factiva, agricultural magazines and the annual reports of the companies, while their market share in the respective regions has been determined through both, primary and secondary research. The research methodology includes the study of annual and financial reports of top market players as well as interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative) for the herbicides market. Herbicides are one of the major crop protection chemicals used for weed control. The herbicides market is segmented on the basis of herbicides type, mode of action, crop type, and region. On the basis of type, the herbicides market was dominated by the glyphosate segment and was followed by diquat and 2,4-D segments in 2015. With increasing use of glyphosate-based products in various forms, such as gel and powder across countries, glyphosate is projected to remain a leading segment. Diquat herbicide accounted for the second largest market share in 2015. Diquat is considered as a substitute for paraquat as both are non-selective contact herbicides and have almost similar chemical properties. Hence, the usage of diquat has increased, particularly in China and other developing economies, after declaring paraquat a restricted use pesticide (RUP) by environmental protection agencies in more than 30 countries.
Food&farming 