Herbicides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global herbicides market size reached US$ 31.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 40.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.06% during 2023-2028.

Herbicides are substances utilized for destroying unwanted vegetation that may interfere with the growth and yield of desired crops. They are highly effective on perennial and parasitic weeds and closely planted crops compared to manual and mechanical weeding. They are safe on erodible and sloppy lands where tillage may promote soil and water erosions. Apart from this, they offer several benefits, such as high efficiency, easy application, cost-effectiveness, early and timely planting of crops, and lesser loss of nutrients and moisture from the soil.

Herbicides Market Trends:

At present, there is a rise in the utilization of herbicides for improving agricultural productivity by killing unwanted weeds and herbs during the plantation to meet food requirements across the globe. This represents one of the key factors driving the market. Moreover, there is an increase in the employment of non-selective herbicides to clear industrial and construction sites and railway ridges worldwide. This, coupled with the escalating demand for bio-based herbicides, which control the glyphosate-tolerant crops by using the existing spraying technology, is propelling the growth of the market. In addition, key market players are extensively investing in research and development (R&D) activities to develop new herbicides. Besides this, farmers are adopting unconventional farming practices to increase the crop yield in less crop cultivable land due to a shortage of labor. In line with this, the expanding agrochemical industry around the world is offering lucrative growth opportunities to industry investors. Apart from this, governments of several countries are undertaking initiatives to educate farmers about the concentration of herbicides used in the soil. This is projected to bolster the growth of the market in the forecasted period.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global herbicides market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, mode of action and application.

Breakup by Type:

Synthetic

Glyphosate

Atrazine

2,4-Dichlorophenoxyacetic Acid

Acetochlor

Paraquat

Others

Bio-Herbicides

Breakup by Mode of Action:

Selective Herbicides

Non-Selective Herbicides

Breakup by Application:

Grains and Cereals

Pulses and Oilseeds

Commercial Crops

Fruits and Vegetables

Turf and Ornamentals

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Bayer AG, Corteva Inc., Drexel Chemical Company, FMC Corporation, Heranba Industries Ltd., Nissan Chemical Corporation, Nufarm, Sumitomo Chemical Co. Ltd., Syngenta Group (China National Chemical Corporation), UPL Limited and Wilbur-Ellis Company LLC.

Key Questions Answered in This Report

1. What was the size of the global herbicides market in 2022?
2. What is the expected growth rate of the global herbicides market during 2023-2028?
3. What has been the impact of COVID-19 on the global herbicides market?
4. What are the key factors driving the global herbicides market?
5. What is the breakup of the global herbicides market based on the type?
6. What is the breakup of the global herbicides market based on the mode of action?
7. What is the breakup of the global herbicides market based on application?
8. What are the key regions in the global herbicides market?
9. Who are the key players/companies in the global herbicides market?

Product Code: SR112023A5434

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Herbicides Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Type

6.1 Synthetic
- 6.1.1 Market Trends
- 6.1.2 Key Segments
  - 6.1.2.1 Glyphosate
  - 6.1.2.2 Atrazine
  - 6.1.2.3 2,4-Dichlorophenoxyacetic Acid
  - 6.1.2.4 Acetochlor
  - 6.1.2.5 Paraquat
  - 6.1.2.6 Others
- 6.1.3 Market Forecast
6.2 Bio-Herbicides
- 6.2.1 Market Trends
- 6.2.2 Market Forecast

7 Market Breakup by Mode of Action

7.1 Selective Herbicides
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
7.2 Non-Selective Herbicides
- 7.2.1 Market Trends
- 7.2.2 Market Forecast

8 Market Breakup by Application

8.1 Grains and Cereals
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
8.2 Pulses and Oilseeds
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
8.3 Commercial Crops
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
8.4 Fruits and Vegetables
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
8.5 Turf and Ornamentals
- 8.5.1 Market Trends
- 8.5.2 Market Forecast

9 Market Breakup by Region

9.1 North America
- 9.1.1 United States
  - 9.1.1.1 Market Trends
  - 9.1.1.2 Market Forecast
- 9.1.2 Canada
  - 9.1.2.1 Market Trends
  - 9.1.2.2 Market Forecast
9.2 Asia-Pacific
- 9.2.1 China
  - 9.2.1.1 Market Trends
  - 9.2.1.2 Market Forecast
- 9.2.2 Japan
  - 9.2.2.1 Market Trends
  - 9.2.2.2 Market Forecast
- 9.2.3 India
  - 9.2.3.1 Market Trends
  - 9.2.3.2 Market Forecast
- 9.2.4 South Korea
  - 9.2.4.1 Market Trends
  - 9.2.4.2 Market Forecast
- 9.2.5 Australia
  - 9.2.5.1 Market Trends
  - 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
  - 9.2.6.1 Market Trends
  - 9.2.6.2 Market Forecast
- 9.2.7 Others
  - 9.2.7.1 Market Trends
  - 9.2.7.2 Market Forecast
9.3 Europe
- 9.3.1 Germany
  - 9.3.1.1 Market Trends
  - 9.3.1.2 Market Forecast
- 9.3.2 France
  - 9.3.2.1 Market Trends
  - 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
  - 9.3.3.1 Market Trends
  - 9.3.3.2 Market Forecast
- 9.3.4 Italy
  - 9.3.4.1 Market Trends
  - 9.3.4.2 Market Forecast
- 9.3.5 Spain
  - 9.3.5.1 Market Trends
  - 9.3.5.2 Market Forecast
- 9.3.6 Russia
  - 9.3.6.1 Market Trends
  - 9.3.6.2 Market Forecast
- 9.3.7 Others
  - 9.3.7.1 Market Trends
  - 9.3.7.2 Market Forecast
9.4 Latin America
- 9.4.1 Brazil
  - 9.4.1.1 Market Trends
  - 9.4.1.2 Market Forecast
- 9.4.2 Mexico
  - 9.4.2.1 Market Trends
  - 9.4.2.2 Market Forecast
- 9.4.3 Others
  - 9.4.3.1 Market Trends
  - 9.4.3.2 Market Forecast
9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast

10 SWOT Analysis

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
- 14.3.1 BASF SE
  - 14.3.1.1 Company Overview
  - 14.3.1.2 Product Portfolio
  - 14.3.1.3 Financials
  - 14.3.1.4 SWOT Analysis
- 14.3.2 Bayer AG
  - 14.3.2.1 Company Overview
  - 14.3.2.2 Product Portfolio
  - 14.3.2.3 Financials
  - 14.3.2.4 SWOT Analysis
- 14.3.3 Corteva Inc.
  - 14.3.3.1 Company Overview
  - 14.3.3.2 Product Portfolio
  - 14.3.3.3 Financials
- 14.3.4 Drexel Chemical Company
  - 14.3.4.1 Company Overview
  - 14.3.4.2 Product Portfolio
- 14.3.5 FMC Corporation
  - 14.3.5.1 Company Overview
  - 14.3.5.2 Product Portfolio
  - 14.3.5.3 Financials
  - 14.3.5.4 SWOT Analysis
- 14.3.6 Heranba Industries Ltd.
  - 14.3.6.1 Company Overview
  - 14.3.6.2 Product Portfolio
  - 14.3.6.3 Financials
- 14.3.7 Nissan Chemical Corporation
  - 14.3.7.1 Company Overview
  - 14.3.7.2 Product Portfolio
  - 14.3.7.3 Financials
  - 14.3.7.4 SWOT Analysis
- 14.3.8 Nufarm
  - 14.3.8.1 Company Overview
  - 14.3.8.2 Product Portfolio
- 14.3.9 Sumitomo Chemical Co. Ltd.
  - 14.3.9.1 Company Overview
  - 14.3.9.2 Product Portfolio
  - 14.3.9.3 Financials
  - 14.3.9.4 SWOT Analysis
- 14.3.10 Syngenta Group (China National Chemical Corporation)
  - 14.3.10.1 Company Overview
  - 14.3.10.2 Product Portfolio
  - 14.3.10.3 SWOT Analysis
- 14.3.11 UPL Limited
  - 14.3.11.1 Company Overview
  - 14.3.11.2 Product Portfolio
  - 14.3.11.3 Financials
  - 14.3.11.4 SWOT Analysis
- 14.3.12 Wilbur-Ellis Company LLC
  - 14.3.12.1 Company Overview
  - 14.3.12.2 Product Portfolio
  - 14.3.12.3 Financials

Product Code: SR112023A5434

List of Figures

Figure 1: Global: Herbicides Market: Major Drivers and Challenges
Figure 2: Global: Herbicides Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Herbicides Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Herbicides Market: Breakup by Type (in %), 2022
Figure 5: Global: Herbicides Market: Breakup by Mode of Action (in %), 2022
Figure 6: Global: Herbicides Market: Breakup by Application (in %), 2022
Figure 7: Global: Herbicides Market: Breakup by Region (in %), 2022
Figure 8: Global: Herbicides (Synthetic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Herbicides (Synthetic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Herbicides (Bio-Herbicides) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Herbicides (Bio-Herbicides) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Herbicides (Selective Herbicides) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Herbicides (Selective Herbicides) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Herbicides (Non-Selective Herbicides) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Herbicides (Non-Selective Herbicides) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Herbicides (Grains and Cereals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Herbicides (Grains and Cereals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Herbicides (Pulses and Oilseeds) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Herbicides (Pulses and Oilseeds) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Herbicides (Commercial Crops) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Herbicides (Commercial Crops) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Herbicides (Fruits and Vegetables) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Herbicides (Fruits and Vegetables) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Herbicides (Turf and Ornamentals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Herbicides (Turf and Ornamentals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: North America: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: North America: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: United States: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: United States: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Canada: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Canada: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Asia-Pacific: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Asia-Pacific: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: China: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: China: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Japan: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Japan: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: India: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: India: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: South Korea: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: South Korea: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Australia: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Australia: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Indonesia: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Indonesia: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Others: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Others: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Europe: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Europe: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Germany: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Germany: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: France: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: France: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: United Kingdom: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: United Kingdom: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Italy: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Italy: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Spain: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Spain: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Russia: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Russia: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Latin America: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Latin America: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Brazil: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Brazil: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Mexico: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Mexico: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Middle East and Africa: Herbicides Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Middle East and Africa: Herbicides Market: Breakup by Country (in %), 2022
Figure 74: Middle East and Africa: Herbicides Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Global: Herbicides Industry: SWOT Analysis
Figure 76: Global: Herbicides Industry: Value Chain Analysis
Figure 77: Global: Herbicides Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Herbicides Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Herbicides Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Herbicides Market Forecast: Breakup by Mode of Action (in Million US$), 2023-2028
Table 4: Global: Herbicides Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Herbicides Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Herbicides Market: Competitive Structure
Table 7: Global: Herbicides Market: Key Players

Herbicides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Description

Table of Contents

List of Tables

Market Overview:

Herbicides Market Trends:

Key Market Segmentation:

Breakup by Type:

Breakup by Mode of Action:

Breakup by Application:

Breakup by Region:

Competitive Landscape:

Key Questions Answered in This Report

Table of Contents

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Herbicides Market

6 Market Breakup by Type

7 Market Breakup by Mode of Action

8 Market Breakup by Application

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape

List of Figures

List of Tables