Herbicides Market Report 2023

Herbicides Global Market Report 2023 – By Type (Synthetic, Bio Based), By Mode Of Action (Selective, Non-selective), By Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Turf and Ornamentals) – Market Size, Trends, And Global Forecast 2023-2032

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Herbicides Market

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Herbicides, commonly known as 'weed killers,' are chemical substances used to control unwanted plants. The features of herbicides include selectivity, activity, mobility in soil, volatility, toxicity, and persistence in the environment.

The main types of herbicides are synthetic and bio-based. Synthetic herbicides can affect plant disease through a variety of mechanisms. They can promote illness or protect plants against diseases through direct actions on the microbe, indirect effects on the plant, or combined effects on both species. The mode of action in herbicides is selective and non-selective and is used in grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and turf and ornamentals.

The global herbicides market is segmented -

1) By Type: Synthetic, Bio Based

2) By Mode Of Action: Selective, Non-selective

3) By Application: Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Turf & Ornamentals

The global herbicides market size will grow from $34.37 billion in 2022 to $38.04 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global herbicides is expected to grow from $57.39 billion in 2027 at a CAGR of 10.8%.

The world population is growing and is expected to reach 10 billion by 2050, which is expected to significantly boost the herbicide market during the forecast period. An increase in the population creates more demand for food. Crop production, farming activities, and trade volumes will have to increase to meet the increased population. Additionally, farmers and commercial farming companies will increase acquisitions of arable land to increase crop production, and this is expected to increase the demand for herbicides and boost herbicides market growth.

Major players in the herbicides market are Adama Agricultural Solutions Ltd., Basf Se, Bayer Ag, Dowdupont, FMC Corporation, Nufarm Limited, Syngenta, The Dow Chemical Company, E.I. Du Pont De Nemours And Company, Monsanto Company, and Platform Speciality Products Corporation.

The usage of synthetic herbicides is leading to different complications in humans and animals. Generally, herbicides are a single substance or mixture of substances used to control, destroy, and repel weed growth. Most of the herbicides cause breathing problems, digestion problems, and skin irritation due to the presence of chemical substances in them. According to an Australian study, workers exposed to herbicides are more likely to develop diseases related to their breathing. The problems developed by humans and animals due to the use of synthetic herbicides limit the growth of the herbicides market.

The herbicides market has registered a significant increase in mergers and acquisitions over the last 5 years. Such collaborations are mainly aimed at expanding the product range or distribution networks. This can also be attributed to low food commodity prices, which affect pesticide manufacturers and distributors, leading to industry consolidation. For instance, in May 2021, AMVAC Chemical Corporation, a US-based crop protection products firm acquired Envoke brand herbicide from a Swiss agrichemical company Syngenta Crop Protection for an undisclosed sum. The acquisition adds another portfolio to AMVAC and enables it to offer unique solution to control weeds. Envoke is an herbicide that controls various weeds in cotton, sugarcane, and transplanted tomatoes.

Asia-Pacific was the largest region in the herbicides market in 2022. South America was the second-largest region in the herbicides market report. The regions covered in the herbicides industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the herbicides market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia.

The herbicides market consists of the sales of contact herbicides and translocated herbicides. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in the market includes related services sold by the creators of the goods.

The herbicides market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The herbicides market research report is one of a series of new reports from The Business Research Company that provides herbicides statistics, including global market size, regional shares, competitors with a herbicides share, detailed herbicides market segments, market trends and opportunities, and any further data you may need to thrive in the herbicides industry. This herbicides market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

    Table Of Contents

    1. Executive Summary

    2. Herbicides Market Characteristics

    3. Herbicides Market Trends And Strategies

    4. Herbicides Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Herbicides Market

    4.2 Ukraine-Russia War Impact On Herbicides Market

    4.3 Impact Of High Inflation On Herbicides Market

    5. Herbicides Market Size And Growth

    5.1. Global Herbicides Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Herbicides Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Herbicides Market Segmentation

    6.1. Global Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Synthetic

    Bio Based

    6.2. Global Herbicides Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Grains & Cereals

    Pulses & Oilseeds

    Commercial Crops

    Fruits & Vegetables

    Turf & Ornamentals

    6.3. Global Herbicides Market, Segmentation By Mode Of Action, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Selective

    Non-selective

    7. Herbicides Market Regional And Country Analysis

    7.1. Global Herbicides Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Herbicides Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Herbicides Market

    8.1. Asia-Pacific Herbicides Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Herbicides Market

    9.1. China Herbicides Market Overview

    9.2. China Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Herbicides Market

    10.1. India Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Herbicides Market

    11.1. Japan Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Herbicides Market

    12.1. Australia Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Herbicides Market

    13.1. Indonesia Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Herbicides Market

    14.1. South Korea Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Herbicides Market

    15.1. Western Europe Herbicides Market Overview

    15.2. Western Europe Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Herbicides Market

    16.1. UK Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Herbicides Market

    17.1. Germany Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Herbicides Market

    18.3. France Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Herbicides Market

    19.1. Eastern Europe Herbicides Market Overview

    19.2. Eastern Europe Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Herbicides Market

    20.1. Russia Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Herbicides Market

    21.1. North America Herbicides Market Overview

    21.2. North America Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Herbicides Market

    22.1. USA Herbicides Market Overview

    22.2. USA Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Herbicides Market

    23.1. South America Herbicides Market Overview

    23.2. South America Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Herbicides Market

    24.1. Brazil Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Herbicides Market

    25.1. Middle East Herbicides Market Overview

    25.2. Middle East Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Herbicides Market

    26.1. Africa Herbicides Market Overview

    26.2. Africa Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Herbicides Market Competitive Landscape And Company Profiles

    27.1. Herbicides Market Competitive Landscape

    27.2. Herbicides Market Company Profiles

    27.2.1. Adama Agricultural Solutions Ltd

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Basf Se

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Bayer Ag

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Dowdupont

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. FMC Corporation

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Herbicides Market

    29. Herbicides Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Herbicides Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Herbicides Market, Segmentation By Mode Of Action, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Herbicides Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Herbicides Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: China, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: India, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: Japan, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Australia, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Indonesia, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: South Korea, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: Western Europe, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: UK, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: Germany, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: France, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Russia, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: North America, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: USA, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: South America, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: Brazil, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Middle East, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Africa, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Adama Agricultural Solutions Ltd Financial Performance
  • Table 28: Basf Se Financial Performance
  • Table 29: Bayer Ag Financial Performance
  • Table 30: Dowdupont Financial Performance
  • Table 31: FMC Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Herbicides Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Herbicides Market, Segmentation By Mode Of Action, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Herbicides Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Herbicides Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: China, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: India, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: Japan, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Australia, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: South Korea, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: UK, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: Germany, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: France, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Russia, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: North America, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: USA, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: South America, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: Brazil, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Middle East, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Africa, Herbicides Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: Adama Agricultural Solutions Ltd Financial Performance
  • Figure 28: Basf Se Financial Performance
  • Figure 29: Bayer Ag Financial Performance
  • Figure 30: Dowdupont Financial Performance
  • Figure 31: FMC Corporation Financial Performance
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