According to a newly released IndustryARC research report, the global herbicides market is poised for profitable growth at a CAGR of 7.8% during the forecast period 2018 - 2023. Increasing need for agricultural plants production, adoption of better farming practices, and technological advancements are some of the major factors driving the growth of the herbicides market. Herbicides, commonly known as weed killers, are used to eliminate unwanted plants. Herbicides are widely used in the agriculture industry.

The various applications of herbicides include backpack sprayer, boom sprayer, aerial spraying and misting, blanket wiping and so on. It plays an important role in preventing grasslands free from board leaf vegetation. Rapid growth in the usage of organic herbicides in a variety of crops such as rye, buckwheat, and oilseed radish is driving the herbicides market. Keeping the soil healthy is an import aspect of weed control, which is highly possible using organic herbicides and soil amendments. The analyst regards North America as the largest regional market for herbicides, followed by Europe and Asia-Pacific.

The information is based on a recent business intelligence report from IndustryARC, titled “Herbicides Market: By Selectivity (Selective, Non selective) ; By time of application (Pre plant, Pre emergence, Post emergence); By method of application ( Foliar, Soil) ; By mode of action (Contact , Trans located); By molecular nature(Organic, Inorganic) ; By formulation (Emulsifiable concentrate, Wettable powder, Granules, Water soluble concentrate) ; By chemical nature(Lipid synthesis inhibitor ,Amino acid synthesis Inhibitors ,Growth regulators ,Photosynthesis Inhibitor ,Nitrogen metabolism inhibitor ,Pigment inhibitor ,Cell membrane disrupter ,Seedling root growth inhibitor ,Others) By Industry (Agriculture, Landscaping, Golf course, Forestry, Others) ;By Geography - Forecast(2018-2023)”.

Browse 78 Market Tables, 179 Figures spread through 150 slides and an in-depth TOC on “Herbicides Market (2018 - 2023)

Herbicides Market: Disruptive Drivers and Trends
  • Widespread adoption of the genetically-engineered herbicide-tolerant (HT) crops using conventional plant breeding technology. A recent USDA report found that herbicide use on GE corn is increased when compared to non-GE corn.
  • The growing prominence of organic farming, which recycles the organic residues and nutrients back to the earth.
  • Usage of synthetic organic herbicides such as 2, 4-D in straight row planting, plowing, and cultivation.

Some of the major players operating in the herbicides market are Bayer, Syngenta, BASF, Dow Agro Sciences, and Monsanto. Syngenta produces herbicides such as Rifit, Gramoxone, Axial, Rifit Plus, Fusiflex, and Topik. Gramoxone 24 SL is a leading non-selective herbicide which acts in the presence of light and desiccates green plant parts. It controls a wide spectrum of weeds and the dose required is 500 ml/acre. 

Herbicides are used to destroy unwanted vegetation. Acetochlor has largely used herbicide in the U.S. developed by Monsanto and Zeneca. Adoption of better farming practices and several others is opening new opportunities in the global herbicides market.

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Horticulture Chemical Industry Market: By Herbicides (killing weeds), By Insecticides, by Fungicides, by soil treatment, By form, By Geography - - Forecast (2018-2023)

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