New York, NY -- (SBWIRE) -- 02/05/2021 -- Herbicide Market

 Herbicides, also referred to as weed killers, are substances that are used to kill unwanted plants. They are categorized into two types, selective herbicide and non-selective herbicide. Selective herbicides clear specific weeds and non selective herbicides clear all types of plant materials. Mostly the herbicides are used in the form of water sprays using the ground equipment. The Herbicide market is estimated to reach USD 39.8 Billion by 2026 at a significant CAGR of 5%, from USD 29.8 Billion in the year 2019.

Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.

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Market Drivers

The market is propelled due to the need for better crop yields, and reduction of the arable land has increased the demand for herbicides and is the major propelling factor. Herbicides decrease the manual and the machinery work, which is boosting the market in the developing economies. The Herbicide market growth is hampered due to the usages of inorganic herbicides, as it may have potential risk to environmental health. Herbicide can hamper aquatic life, can cause harm to bees, and can also cause severe health-related issues. It can also cause problems such as rashes and even death.

Regional Analysis

On the basis of regional terminology, the market is distributed amongst North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region held the largest market share in terms of revenue and is estimated to witness significant market growth during the forecast period. The market is propelled due to increasing demand from the agricultural segment.

Competitive Terrain:

The global Herbicide market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies' current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.

The leading companies operating across the global Herbicide market are listed below:

BASF, Bayer, DowDupont, Syngenta, FMC Corp., ADAMA Ltd., Nufarm Ltd.

Market segment based on Type:

Synthetic

Bio-Based

Others

Market segment based on Mode of Action:

Selective

Non-Selective

Market segment based on Crop Type:

Grains and Cereals

Oilseeds

Fruits & Vegetables

Turfs & Ornamentals

Others

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Radical Features of the Herbicide Market Report:

Valuable insights into the Herbicide market to impart an in-depth understanding of the business verticle

An 8-year forecast estimation along with an analysis of key elements of the market

Technological advancements, regulatory framework, and recent developments covered in the report

Growth analysis and projections until 2027

Statistical analysis of the key players operating in the Herbicide industry

Table Of Contents:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Herbicide Market Segmentation & Impact Analysis

Chapter 5. Herbicide Market, By Type Insights & Trends

Chapter 6. Herbicide Market, By Application Insights & Trends

Chapter 7. Herbicide Market, By End Use Insights & Trends

Chapter 8. Herbicide Market Regional Outlook

Chapter 9. Competitive Landscape

Chapter 10. Company Profiles

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