Market Overview:

The world Herbicide Market size is estimated to reach an overall market value of $7,998.9 million by 2025, by growing at a CAGR of 4.8% throughout the forecast period. Herbicides are specific category of pesticides employed to control unwanted plants during cultivation. Also called as weed killers, 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.

Market drivers and restraints:

Decrease in number of labors, consequent increase in price of the laborers, and shortage of arable lands are the key factors that drive the growth of the world market of herbicides. Quick growth in urbanization creates shortage of labor, owing to which farmers are adopting untraditional farming practices to enhance the crop yield in less crop cultivable land. Nevertheless, rise in health and environmental concerns associated with artificial herbicides restrict the growth of the market.

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Report segmented as:

By type:

synthetic herbicide
bio herbicide
By mode of action:

selective
non-selective
By crop type:

corn
cotton
soybean
wheat
others
Geographical analysis:

On the basis of geography, the market is segregated into North America, Europe, Asia-Pacific, and Latin America and Middle East and Africa. Latin America has the highest CAGR in the world owing to emergence of Latin America countries as Agricultural Powerhouses. However Europe dominated the world market in 2016 and is expected to retain its dominance throughout the assessment timeline. North America is segregated into US and Canada. North America is a mature market and is estimated to grow continuously throughout the forecast period.

Important market players:

Some of the key players operating in the global herbicides market are BASF, Bayer AG, DowDupont, Syngenta AG, FMC Corporation, Adama Agricultural Solutions Ltd, and Nufarm Ltd.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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