Global Herbicides Market will be worth of US$ 38.30 Bn in 2023, expanding at a CAGR of 6.2% by 2023

Transparency Market
Research
Herbicides Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2023
Published Date
12-Oct-2015
180 Page Report
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Press Release
Escalating Need for Food to Fuel Higher Demand for
Herbicides, Reports TMR
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Herbicides Market
REPORT DESCRIPTION
Herbicides Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
The competitive landscape of the global herbicides market is characterized by its fragmented structure. In
2014, the top five players, namely, Syngenta AG, BASF SE, Bayer CropScience AG, Dow AgroSciences LLC,
and ADAMA Agricultural Solutions Ltd. held just about 53% of the overall market, finds a report by
Transparency Market Research (TMR).
The leading herbicide producers demonstrate a high degree of integration, which has strengthened their
position in this market. However, the shifting focus of players towards increasing their reach through mergers
and acquisitions is likely to alter the current scenario in the years to come. Besides, the dynamics of this
market are also expected to be affected in the near future due accelerating competition, fueled by the increase
in research and development activities.
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Need for Enhanced Crop Yields to Create Demand for Herbicides
“The continual rise in the global population base has created a massive need for food, specifically in highly
dense economies such as India, China, and several countries in Africa. The low crop yield, caused by limited
availability of arable land, rapid depletion of soil water, fluctuating climatic conditions, and frequent pest
attacks, has worsened the situation across the world,” states an analyst.
Farmers and agriculturists are increasingly utilizing herbicides to enhance the productivity as well as the quality
of crops. As a result, the demand for herbicides has soared significantly across the world. Apart from this, the
rising demand for genetically modified crops, due to their nutritional value and good quality, has also increased
the application of herbicides in the recent time, leading to growth in their demand.
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Increasing Trend of Organic Agriculture to Curb Application of Herbicides
The trend of organic agriculture has slowed down the demand for herbicides, as, this form of agriculture relies
on biological pest control, compost, crop rotation for the enhancement in crop yields. A number of countries,
which have plenty of agricultural land, have started following organic agriculture standards in order to improve
the global sustainability and enhance the profit margin through cultivation, which, in turn, is limiting the
application of herbicides to some extent.
In the near future, the adoption of organic agriculture and, consequently, biopesticides is anticipated to witness
a healthy rise, which is likely to further impede the demand for herbicides. However, the increase in research
and development activities, triggered by the growing awareness about the toxicity of herbicides and the ban on
their usage by various environmental protection agencies, is expected to create opportunities for product
innovation in this market over the next few years.
Demand for Herbicides to Remain Strongest in Asia Pacific
TMR estimates the global market for herbicides, which was worth US$22.3 bn in 2014, will rise at a CAGR of
6.20% during the period from 2015 to 2023 and attain a value of US$38.3 bn by the end of the forecast period.
Currently, Asia Pacific leads the demand for herbicides among all the regions and is projected to remain the
key consumer over the next few years. In 2014, it held a share of 27.9% in the overall demand for herbicides
across the world. Latin America, which closely follows Asia Pacific in terms of volume, is expected to witness
the fastest rise in the demand for herbicides between 2015 and 2023 at a CAGR of 5.80%.
The demand for herbicides will continue to be the strongest in the cereals and grains sector throughout the
forecast period. Glyphosate is likely to remain the most preferred herbicide across the world in the coming
years, states the report.
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Herbicides Market
The study presented here is based on a report by Transparency Market Research (TMR) titled “Herbicides
Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”
Key Takeaways
•
The top five players held just about 53% of the overall market in 2014
•
Asia Pacific led the demand for herbicides in 2014 with a share of nearly 28%
•
The opportunity in the global herbicides market is likely to reach US$38.3 bn by 2023
The report segments the global herbicides market as follows:
By Product
•
Acetochlor
•
2,4-D
•
Glyphosate
•
Atrazine
•
Others (Including isoxaflutole, dicamba, glufosinate, imazapyr, metolachlor, etc.)
By Crop
•
Cereals & grains
•
Oilseeds & pulses
•
Fruits & vegetables
•
Others (ornamental plants, grass, turf, floriculture, etc.)
By Region
North America
•
U.S.
•
Rest of North America
Europe
•
France
•
U.K.
•
Spain
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•
Germany
•
Italy
•
Rest of Europe
Asia Pacific
•
China
•
India
•
ASEAN
•
Rest of APAC
Latin America
•
Brazil
•
Rest of LATAM
Middle East & Africa
•
GCC
•
South Africa
•
Rest of MEA
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TABLE OF CONTENT
Chapter 1 - Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Scope and Assumptions
1.4 Research Methodology
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1.5 Research Models
Chapter 2 - Executive Summary
2.1 Global Herbicides Market, Volume and Revenue, (Kilo Tons) (US$ Mn), 2014–2023
2.2 Market Snapshot
Chapter 3 - Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Dynamics
3.3.1 Driver 1 - Rapidly Growing Grain Demand Due to Increasing Population is Expected to Drive
Herbicides Market
3.3.2 Driver 2 - Increasing Use of Genetically Modified Crops is Projected to Boost Herbicides Market
3.3.3 Restraint 1 – Growing Organic Agriculture Industry Inhibits Herbicide Demand
3.3.4 Restraint 2 – Stringent Regulations against Herbicides is expected to Hamper Market Growth
3.3.5 Opportunity – New Product Development Through Research and Development
3.4 Porter’s Five Forces Analysis
3.5 Market Attractiveness Analysis – Herbicides Market (by Crop Type)
3.6 Company Market Share – Herbicides Market (%) (2014)
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Chapter 4 - Herbicides Market - Price Trend Analysis
Chapter 5 – Market Segmentation (By Product)
5.1 Global Herbicides Market – Product Segment Overview
5.2 Global Acetochlor Herbicides Market, 2014–2023 (Kilo Tons) (US$ Mn)
5.3 Global 2,4 - D Herbicides Market, 2014–2023 (Kilo Tons) (US$ Mn)
5.4 Global Glyphosate Herbicides Market, 2014–2023 (Kilo Tons) (US$ Mn)
5.5 Global Atrazine Herbicides Market, 2014–2023 (Kilo Tons) (US$ Mn)
5.6 Global Other Herbicides Market, 2014–2023 (Kilo Tons) (US$ Mn)
Chapter 6 - Market Segmentation (By Crop Type)
6.1 Global Herbicides Market – Crop Type Overview
6.2 lobal Herbicides Market for Cereal & Grains, 2014–2023 (Kilo Tons) (US$ Mn)
6.3 lobal Herbicides Market for Oilseeds & Pulses, 2014–2023 (Kilo Tons) (US$ Mn)
6.4 Global Herbicides Market for Fruits & Vegetables, 2014–2023 (Kilo Tons) (US$ Mn)
6.5 Global Herbicides Market for Other Crop Types, 2014–2023 (Kilo Tons) (US$ Mn)
Chapter 7 - Market Segmentation (By Region)
7.1 Global Herbicides Market – Regional Overview
7.2 North America Herbicides Market Overview
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7.2.1 North America Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.2.2 North America Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.2.3 North America Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.2.4 North America Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.2.5 U.S. Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.2.6 U.S. Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.2.7 U.S. Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.2.8 U.S. Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.2.9 Rest of North America Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.2.10 Rest of North America Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.2.11 Rest of North America Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.2.12 Rest of North America Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.3 Europe Herbicides Market Overview
7.3.1 Europe Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.3.2 Europe Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.3.3 Europe Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.3.4 Europe Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.3.5 France Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.3.6 France Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.3.7 France Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
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7.3.8 France Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.3.9 U.K. Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.3.10 U.K. Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.3.11 U.K. Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.3.12 U.K. Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.3.13 Spain Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.3.14 Spain Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.3.15 Spain Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.3.16 Spain Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.3.17 Germany Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.3.18 Germany Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.3.19 Germany Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.3.20 Germany Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.3.21 Italy Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.3.22 Italy Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.3.23 Italy Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.3.24 Italy Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.3.25 Rest of Europe Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.3.26 Rest of Europe Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.3.27 Rest of Europe Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
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7.3.28 Rest of Europe Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.4 Asia Pacific Herbicides Market Overview
7.4.1 Asia Pacific Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.4.2 Asia Pacific Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.4.3 Asia Pacific Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.4.4 Asia Pacific Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.4.5 China Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.4.6 China Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.4.7 China Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.4.8 China Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.4.9 India Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.4.10 India Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.4.11 India Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.4.12 India Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.4.13 ASEAN Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.4.14 ASEAN Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.4.15 ASEAN Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.4.16 ASEAN Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.4.17 Rest of Asia Pacific Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.4.18 Rest of Asia Pacific Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
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7.4.19 Rest of Asia Pacific Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.4.20 Rest of Asia Pacific Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.5 Latin America Herbicides Market Overview
7.5.1 Latin America Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.5.2 Latin America Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.5.3 Latin America Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.5.4 Latin America Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.5.5 Brazil Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.5.6 Brazil Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.5.7 Brazil Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.5.8 Brazil Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.5.9 Rest of Latin America Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.5.10 Rest of Latin America Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.5.11 Rest of Latin America Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.5.12 Rest of Latin America Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.6 Middle East & Africa (MEA) Herbicides Market Overview
7.6.1 Middle East & Africa Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.6.2 Middle East & Africa Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.6.3 Middle East & Africa Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.6.4 Middle East & Africa Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
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7.6.5 GCC Countries Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.6.6 GCC Countries Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.6.7 GCC Countries Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.6.8 GCC Countries Herbicides Market Revenue, by Crop Type, 2014–2023 (Kilo Tons)
7.6.9 South Africa Herbicides Market Volume, by Product, 2014–2023 (US$ Mn)
7.6.10 South Africa Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.6.11 South Africa Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.6.12 South Africa Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
7.6.13 Rest of Middle East & Africa Herbicides Market Volume, by Product, 2014–2023 (Kilo Tons)
7.6.14 Rest of Middle East & Africa Herbicides Market Revenue, by Product, 2014–2023 (US$ Mn)
7.6.15 Rest of Middle East & Africa Herbicides Market Volume, by Crop Type, 2014–2023 (Kilo Tons)
7.6.16 Rest of Middle East & Africa Herbicides Market Revenue, by Crop Type, 2014–2023 (US$ Mn)
Chapter 8 - Company Profiles
8.1 ADAMA Agricultural Solutions Ltd.
8.2 Bayer CropScience AG
8.3 BASF SE
8.4 Dow Agrosciences LLC
8.5 E. I. du Pont de Nemours and Company
8.6 FMC Corporation
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8.7 Monsanto Company
8.8 Nufarm Limited
8.9 Sumitomo Chemical Co., Ltd.
8.10 S yngenta AG
Chapter 9 - Primary Research - Key findings
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The study presented here is based on a report by Transparency Market Research (TMR) titled “Herbicides Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.” TMR estimates the global market for herbicides, which was worth US$22.3 bn in 2014, will rise at a CAGR of 6.20% during the period from 2015 to 2023 and attain a value of US$38.3 bn by the end of the forecast period.