According to a new market research report , now available on ASDReports, “Herbicides Market by Type (Glyphosate, Atrazine, Acetochlor, 2,4-D), by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), by Mode of Action (Selective & Non-selective) & Geography - Trends and Forecasts to 2019” , the herbicides market is projected to grow from $21,065.2 million in 2013 to $29,976.1 million by 2019, at a CAGR of 6.2% from 2014 to 2019. Latin America led the global market, followed by the Asia-Pacific region, in terms of revenue, in 2013.
Glyphosate: The largest market segment
The global herbicides market is segmented, by type, into glyphosate, atrazine, acetochlor, 2,4-D, and other herbicides. Other herbicides include butachlor, dicamba, imazapyr, diquat, and paraquat. Glyphosate accounts for the largest share in the “by type” classification category. North America, Latin America, and the Asia-Pacific are the largest consumers of glyphosate.
Global Herbicides Market - By Crop Type
The global herbicides market consists of four crop type categories. They are cereals & grains, oilseeds & pulses, fruits & vegetables, and other crops. North America was the largest consumer of cereals & grains in 2013, followed by Latin America. The Asia-Pacific region was the leading consumer of cereals & grains.
Latin America: The largest market for herbicides
Latin America was the largest market for herbicides in 2013. The Asia-Pacific ranked second, followed by North America. Brazil, China, and the U.S. are the key revenue generating countries for the Latin American, Asia-Pacific, and North American markets. Brazil generated the maximum revenues in Latin America, followed by Argentina. China led the market in the Asia-Pacific region.