Cereals and Grains to Drive Demand for Herbicides Globally, Market Poised to Breach US$38 bn mark by 2023.

Herbicide is a type of pesticide or crop protection chemical used to control weeds. Unwanted weeds compete with crops for nutrients and water. This results into low quality of crops and reduced yield. Selective herbicides kill specific weeds, while non-specific herbicides have a wide spectrum of action. Most frequent application of herbicides is in row-crop farming, wherein these are applied before or during plantation.

This report covers the estimates and forecast of the herbicides market on a global, regional, and country level. The report includes an estimation of demand for herbicides in 2014 and forecast from 2015 to 2023 in terms of volume (Kilo Tons) and revenue (US$ Mn) for markets on the country, regional, and global basis.

The study provides a decisive view of the herbicides market by segmenting it on the basis of product type, crop types, and regional demand. Product and crop segments have been analyzed based on current trends and future potential, and the market has been forecast from 2014 to 2023 in terms of volume (Kilo Tons) and revenue (US$ Mn). The global herbicides market has been bifurcated into product types such as acetochlor, 2,4-D, glyphosate, atrazine, and others. The herbicides market has been segmented based on crop types which include cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Regional segmentation includes current and forecast demand for North America, Europe, Rest of Asia Pacific, Latin America, and the Middle East & Africa. These have been further sub-segmented into countries and regions with regards to the market. The segmentation also includes demand for individual crop types in all countries and regions.

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The study analyzes various factors fuelling growth of the herbicides market. It also includes factors restraining the market growth. A detailed analysis of the impact of these drivers and restraints during the forecast period has been included. Furthermore, the report evaluates opportunities available in the market at the global and regional level. The study includes a value chain analysis to provide detailed evaluation of the role of various players involved in the herbicides market, ranging from raw material suppliers and research institutes to end-users.

The study also analyzes the market with the help of Porter’s Five Forces Model to determine the impact of various factors such as degree of competition, bargaining power of suppliers, threat of substitutes, bargaining power of buyers, and threat of new entrants during the forecast period. Company market share analysis has been included for better understanding of the competitive landscape of the market. Furthermore, the report comprises market attractiveness analysis that analyzes regions that are expected to be lucrative during the forecast period based on their market size and growth rate. Market attractiveness has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.

We have used a combination of primary and secondary research to determine the market estimates and forecast. Secondary research sources that were typically referred to include, but were not limited to company websites, independent studies, technical journals, annual reports, trade magazines, financial reports, and SEC filings. Other information sources such as internal and external proprietary databases, government documents, statistical databases and market reports, company’s news articles, industry-specific magazines, and webcasts specific to companies operating in the market have also been referred in the report.

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The report also covers profiles of leading companies in the global herbicides market. Companies profiled in the report include BASF SE, Monsanto Company, Dow AgroSciences LLC, Bayer CropScience AG, FMC Corporation, Syngenta AG, and Sumitomo Chemical Co., Ltd. Various attributes of these companies such as company overview, financial overview, business strategies, recent developments, new product launches, expansion, alliances, and partnerships constitute the company profiles section.

The report segments the global herbicides market as follows:

Herbicides Market - Product Segment Analysis

• Acetochlor
• 2,4-D
• Glyphosate
• Atrazine
• Others (Including isoxaflutole, dicamba, glufosinate, imazapyr, metolachlor, etc.)

Herbicides Market - Crop Analysis

• Cereals & grains
• Oilseeds & pulses
• Fruits & vegetables
• Others (ornamental plants, grass, turf, floriculture, etc.)

Herbicides Market - Regional Analysis

• North America
  • U.S.
  • Rest of North America
• Europe
  • France
  • U.K.
  • Spain
  • 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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