Research and Markets: The Global Herbicide Market – Estimated to Reach $31.84 Million by 2020
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/tmtrkn/global_herbicide) has announced the addition of the “Global Herbicide Market – (2014-2020)” report to their offering.
The global herbicide market was $22.19 million in 2014 and is estimated to reach $31.84 million by 2020, at a CAGR of 6.2% for the forecasted period.
Gradual transformation in usage from selective herbicide to non-selective herbicide will be a key trend during the period. The glyphosate segment is expected to grow at a CAGR of 5.72% during the period, second in terms of volume. Within types of herbicides, bio-herbicide would grow at the fastest rate, reflecting 27.84% CAGR during the forecast period.
Latin America and Asia-Pacific are the top two consumers of herbicides, accounting together, for 51% of the share. North America has become a saturated market and, as a result, the growth is slow, while APAC is prone to be the fastest-growing market.
Added to this, agriculture growing rapidly in Asia-Pacific and Latin America will increase demand for such herbicides. Countries like US, China, Japan and Taiwan are having the lead in terms of per-capita usage of the pesticide market in comparison to low-consumption countries like India, Greece and others. However, food-security needs and good reforms will drive the market in these countries.
Factors like high ecological and concerns over health along with the latest scientific developments drive the global herbicide industry’s growth towards new, safe, and effective products. Demand for food grain products and shrinking arable land are as well driving the market. Companies are investing in R&D to bring in innovative products that adhere to government norms, producing better results.
- ADAMA Agricultural Solutions Ltd.
- Ag Chemical
- Bayer AG
- Cheminova A/S
- Dow AgroSciences LLC
- Drexel Chemical Co.
- FMC Corporation
- Nufarm Ltd.
1. Our Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Herbicide Market Segmentation, Forecasts and Trends – by Revenue
6. Global Vendor Market Share Analysis
7. Competitive Intelligence – Company Profiles
8. Investment Scenario
9. Herbicide market – Road Ahead
For more information visit http://www.researchandmarkets.com/research/tmtrkn/global_herbicide.
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Sector: Agrochemicals and Fertilisers, Crop Farming