The global herbicides market reached a value of US$ 30.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 39.34 Billion by 2027, exhibiting a CAGR of 4.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, mode of action and application.

Breakup by Type:

2,4-Dichlorophenoxyacetic Acid

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
South Korea
United Kingdom
Latin America
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:
How has the global herbicides market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global herbicides market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the mode of action?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global herbicides market and who are the key players?
What is the degree of competition in the industry?