Global Herbicides Market is Projected to Reach US$ 35 Billion by - Erie News Now | WICU & WSEE in Erie, PA

Global Herbicides Market is Projected to Reach US$ 35 Billion by 2022

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The global herbicides market is expected to reach more than US$ 35 billion by 2022, registering a compound annual growth rate (CAGR) of more than 6% during the forecast period. The adoption of better farming practices globally and limited availability of arable land are fueling the growth of the herbicides market. In addition, the rise in production of cereals and grains in Asian countries, increasing demand for herbicides in South & Central America, and shortage & the resulting increased cost of labor are expected to drive the herbicides market during the forecast period. However, the carcinogenic nature of certain active ingredients, herbicide residue issues, and the slow pace of new molecule discovery are expected to hamper the growth of the herbicides market.

In this report, the global herbicides market is segmented by type, crop type, mode of action, and region. On the basis of type, the market is segmented into glyphosate, atrazine, acetochlor, 2,4-D, and others. The market on the basis of crop type is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. On the basis of mode of action, the market is segmented into selective and non-selective.

The global herbicides market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Brazil, and GCC countries. The report includes a detailed study of the global and regional herbicides market and analyzes the variations in the growth of the industry in certain regions.

A glimpse of the report structure is provided in the report description available on the website.

https://www.marketresearchengine.com/herbicides-market-report

Syngenta (Switzerland), BASF (Germany), Dow AgroSciences (U.S.), Monsanto Company (U.S.), and DuPont (U.S.) are the most active players in the herbicides market.

This report covers the herbicides market, in terms of value, and forecasts the market size till 2022. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global herbicides market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

The deep-dive study on the herbicides market will help customers with the identification of new market opportunities and targeted promotional plans. The report provides global herbicides market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2022.

 

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Source: http://www.financeswire.com/global-herbicides-market-is-projected-to-reach-us-35-billion-by-2022

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