Herbicides Market by Type (Glyphosate, 2, 4-D, Diquat), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Mode of Action (Non-selective, Selective), and Region - Global Forecast to 2022
[141 Pages Report] The global herbicides market is estimated at USD 27.21 billion in 2016 and is projected to reach USD 39.15 billion by 2022, at a CAGR of 6.25% during the forecast period.
The years considered for the study are as follows:
- Base year: 2015
- Beginning of projection period: 2016
- End of projection period: 2022
Objectives of the report
- To define, segment, and measure the herbicides market in both quantitative and qualitative terms
- To provide an analysis of opportunities in the market for stakeholders through the identification of high-growth segments
- To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
- To understand the industry trends of the herbicides market along with a value chain and supply chain analysis
- To provide a strategic profiling of key players in the herbicides market and a comprehensive analysis of their core competencies
- To analyze the strategies of key players and developments, such as new product launches & product approvals, mergers & acquisitions and strategic alliances, agreements and collaborations, and investments & expansions
See how this study impacted revenues for other players in Herbicides Market
Clients Problem Statement
Our client wanted to identify the appropriate companion to implement their strategic distribution partnership into the herbicides market. 
MnM Approach
The client observed that MnM was tracking the crop protection market for the past few years and also identified relevant opportunities in and around its eco-system. As per our preliminary assessment, the herbicides market is estimated to reach a potential of USD 39.1 billion by 2024. The client wanted information about the key trends that could disrupt the herbicides industry such as regulations, changing mix of herbicides, active ingredients (AIs) on key crops, effect of herbicide usage on Gm crops, and the replacement of older active ingredients, which could help the client identify the impact of these trends on their business.
During the clients global active ingredient (AI) meet, they investigated how innovations, including sustainable agricultural solutions, new active ingredients, and precision agriculture, could be harnessed for market growth. After their internal meeting, MnM offered advice on harnessing these to create opportunities. We delivered inputs on the dynamic pricing of herbicides, key formulations in the process of patent approval, upcoming launches, patent expiry of key AIs, and crop-wise assessment of each off-patent herbicide AI.
Revenue Impact (RI)
This helped the herbicide manufacturer to build revenue in the range of USD 110 120 million in the European and Asia Pacific regions.
Research Methodology:
- Major regions were identified along with countries contributing the maximum share.
- Secondary research was conducted to obtain the value of herbicides market for regions such as North America, Europe, Asia Pacific, South America, and RoW.
- The key players have been identified through secondary sources such as the Bloomberg, Businessweek, Factiva, agricultural magazines and the annual reports of the companies, while their market share in the respective regions has been determined through both, primary and secondary research. The research methodology includes the study of annual and financial reports of top market players as well as interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative) for the herbicides market.
To know about the assumptions considered for the study, download the pdf brochure
The contributors involved in the value chain of the herbicides market include raw material suppliers, R&D institutes, herbicides manufacturing companies, such as BASF (Germany), DowDuPont (US), Monsanto (US), and Syngenta (Switzerland) as well as government bodies & regulatory associations, such as USDA, FAO, PAN, and Eurostat.
Target Audience
The stakeholders for the report are as follows:
- Herbicides and other agrochemical importers/exporters
- Herbicides and other pesticides manufacturers/suppliers
- End consumers (farmers)
- Intermediary suppliers
- Wholesalers
- Traders
- Research institutes and organizations
- Regulatory bodies
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Scope of the Report
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This research report categorizes the herbicides market based on type, crop type, mode of action, and region.
On the basis of Type, the herbicides market has been segmented into the following:
- Glyphosate
- Diquat
- 2,4-D
- Others (dicamba, acetochlor and glufosinate)
On the basis of Mode of Action, the herbicides market has been segmented into the following:
- Non-selective
- Selective
On the basis of crop Type, the herbicides market has been segmented into the following:
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
- Others (lawns, forests, and aquatic vegetation)
On the basis of Region, the herbicides market has been segmented into the following:
- North America
- Europe
- Asia Pacific
- South America
- RoW (Middle East & Africa)
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to client-specific scientific needs.
The following customization options are available for the report:
Product Analysis
Product matrix, which gives a detailed comparison of the product portfolio of each company
Geographical Analysis
- Further breakdown of the Rest of Europe region herbicides market into the Netherlands, Hungary, and Romania
- Further breakdown of the Rest of Asia Pacific region herbicides market into Australia and Malaysia
Company Information
- Detailed analysis and profiling of additional market players (up to five)
The global herbicides market is estimated at USD 27.21 billion in 2016 and is projected to reach USD 39.15 billion by 2022, at a CAGR of 6.25% during the forecast period. The primary factors that drive the herbicides market are the adoption of better farming practices and rise in production of cereals & grains particularly in the Asia Pacific region.
Herbicides are one of the major crop protection chemicals used for weed control. The herbicides market is segmented on the basis of herbicides type, mode of action, crop type, and region. On the basis of type, the herbicides market was dominated by the glyphosate segment and was followed by diquat and 2,4-D segments in 2015. With increasing use of glyphosate-based products in various forms, such as gel and powder across countries, glyphosate is projected to remain a leading segment. Diquat herbicide accounted for the second largest market share in 2015. Diquat is considered as a substitute for paraquat as both are non-selective contact herbicides and have almost similar chemical properties. Hence, the usage of diquat has increased, particularly in China and other developing economies, after declaring paraquat a restricted use pesticide (RUP) by environmental protection agencies in more than 30 countries.
The herbicides market, based on mode of action, is segmented into non-selective and selective. The non-selective herbicide segment has the largest market share in 2015. As non-selective herbicide is formulated for both, broadleaf and grass weeds, it finds application in most of the vegetation types and is a preferred alternative to selective herbicides. Additionally, with the introduction of GM crops that have herbicide tolerance, the demand for non-selective herbicides is projected to increase during the forecast period.
South America held the largest market share for herbicides market in 2015 and is projected to increase further in the next 5 years. Additionally, less stringent regulations in South America as compared to those imposed in other regions has led major players to expand in this region. Asia Pacific is projected to grow at the highest CAGR of 6.96% during the forecast period, due to advancements in crop protection techniques against weeds and increasing demand for low-priced generic herbicides formulations.
The herbicides market is highly concentrated at the global level with several multinational companies accounting for a significant share of the herbicides market. The herbicides market in developed countries has become saturated, and the demand is projected to increase in the developing countries. The key players identified have a strong presence in the global herbicides market. The major market players include BASF (Germany), DowDuPont (US), Monsanto (US), and Syngenta (Switzerland), FMC Corporation (US), Arysta (US), Nufarm Ltd. (Australia), Nissan Chemical Industries (Japan), and Drexel Chemical (US).
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered in the Study
1.5 Currency
1.6 Units Considered
1.7 Stakeholders
1.8 Limitations
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in this Market
4.2 Market, By Type
4.3 South America: Herbicides Market
4.4 Market: Major Countries
4.5 Market, By Application
4.6 Market: Life Cycle Analysis, By Region
5 Market Overview (Page No. - 35)
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By Mode of Action
5.2.3 By Crop Type
5.2.4 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Adoption of Better Farming Practices Globally
5.3.1.2 Rise in Production of Cereals and Grains in Asian Countries
5.3.2 Restraints
5.3.2.1 Carcinogenic Nature of Certain Active Ingredients
5.3.2.2 Herbicide Residue Issues
5.3.3 Opportunities
5.3.3.1 Rise in Agricultural Industry in Developing Economies
5.3.3.2 Development of Novel Formulations
5.3.4 Challenges
5.3.4.1 Stringent Approval Procedures
5.4 Trade Data
5.4.1 Herbicide Imports
5.4.2 Herbicide Exports
6 Industry Trends (Page No. - 43)
6.1 Introduction
6.2 Value Chain
6.3 Supply Chain
6.4 Porters Five Forces Analysis
6.4.1 Bargaining Power of Suppliers
6.4.2 Bargaining Power of Buyers
6.4.3 Threat of New Entrants
6.4.4 Threat of Substitutes
6.4.5 Intensity of Competitive Rivalry
6.5 List of Banned Herbicides
7 Herbicides Market, By Type (Page No. - 49)
7.1 Introduction 7.2 Glyphosate
7.3 Diquat
7.4 2,4-D
7.5 Others
8 Herbicides Market, By Mode of Action (Page No. - 57)
8.1 Introduction8.2 Non-Selective
8.3 Selective
9 Herbicides Market, By Crop Type (Page No. - 61)
9.1 Introduction9.2 Cereals & Grains
9.3 Oilseeds & Pulses
9.4 Fruits & Vegetables
9.5 Others
10 Herbicides Market, By Region (Page No. - 67)
10.1 Introduction10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 France
10.3.2 Germany
10.3.3 Spain
10.3.4 Italy
10.3.5 U.K.
10.3.6 Poland
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 Thailand
10.4.3 Japan
10.4.4 India
10.4.5 Rest of Asia-Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South America
10.6 RoW
10.6.1 Africa
10.6.2 Middle East
11 Competitive Landscape (Page No. - 102)
11.1 Overview
11.2 Ranking Analysis
11.3 Competitive Situation & Trend
11.3.1 New Product Launches and Product Approvals
11.3.2 Mergers & Acquisitions and Strategic Alliances
11.3.3 Agreements and Collaborations
11.3.4 Investments and Expansions
12 Company Profiles (Page No. - 109)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
12.1 BASF SE
12.2 The DOW Chemical Company
12.3 E.I. Du Pont De Nemours and Company
12.4 Monsanto Company
12.5 Syngenta AG
12.6 FMC Corporation
12.7 Platform Specialty Products Corporation
12.8 Nufarm Limited
12.9 Nissan Chemical Industries Ltd.
12.10 Drexel Chemical Company
*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 133)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets Subscription Portal
13.3 Introducing RT: Real-Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (73 Tables)
Table 1 Commonly Used Herbicides
Table 2 List of Banned Herbicides
Table 3 Herbicides Market Size, By Type ,2014-2022 (USD Billion)
Table 4 Market Size For Herbicides, By Type,20142022 (KT)
Table 5 Glyphosate: Market Size, By Region, 2014-2022 (USD Billion)
Table 6 Glyphosate: Market Size For Herbicides, By Region, 20142022 (KT)
Table 7 Diquat: Market Size, By Region, 20142022 (USD Million)
Table 8 Diquat: Market Size For Herbicides, By Region, 20142022 (KT)
Table 9 2,4-D: Market Size, By Region, 20142022 (USD Million)
Table 10 2,4-D: Market Size For Herbicides, By Region, 20142022 (KT)
Table 11 Others: Herbicides Market Size, By Region, 20142022 (USD Billion)
Table 12 Others: Market Size For Herbicides, By Region, 20142022 (KT)
Table 13 Market Size, By Mode of Action, 2014-2022 (USD Billion)
Table 14 Non-Selective Herbicides Market Size, By Region, 2014-2022 (USD Billion)
Table 15 Selective Herbicides Market Size, By Region, 2014-2022 (USD Billion)
Table 16 Market Size, By Crop Type, 20142022 (USD Billion)
Table 17 Cereals & Grains: Market Size, By Region, 20142022 (USD Billion)
Table 18 Oilseeds & Pulses: Market Size, By Region, 20142022 (USD Million)
Table 19 Fruits & Vegetables: Market Size, By Region, 20142022 (USD Million)
Table 20 Others: Market Size, By Region, 20142022 (USD Million)
Table 21 Market Size, By Region, 20142022 (USD Billion)
Table 22 Market Size, By Region, 20142022 (KT)
Table 23 North America: Herbicides Market Size, By Country, 20142022 (USD Million)
Table 24 North America: Market Size For Herbicides, By Country, 20142022 (KT)
Table 25 North America: Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 26 North America: Market Size For Herbicides, By Type, 20142022 (KT)
Table 27 North America: Market Size For Herbicides, By Crop Type, 20142022 (USD Million)
Table 28 North America: Market Size For Herbicides, By Mode of Action, 20142022 (USD Million)
Table 29 U.S.: Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 30 Canada: Market Size, By Type, 20142022 (USD Million)
Table 31 Mexico: Market Size, By Type, 20142022 (USD Million)
Table 32 Europe: Market Size, By Country, 20142022 (USD Million)
Table 33 Europe: Market Size For Herbicides, By Country, 20142022 (KT)
Table 34 Europe: Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 35 Europe: Market Size For Herbicides, By Type, 20142022 (KT)
Table 36 Europe: Market Size For Herbicides, By Crop Type, 20142022 (USD Million)
Table 37 Europe: Market Size For Herbicides, By Mode of Action, 20142022 (USD Million)
Table 38 France: Market Size, By Type, 20142022 (USD Million)
Table 39 Germany: Market Size, By Type, 20142022 (USD Million)
Table 40 Spain: Market Size, By Type, 20142022 (USD Million)
Table 41 Italy: Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 42 UK:Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 43 Poland: Market Size, By Type, 20142022 (USD Million)
Table 44 Rest of Europe: Market Size, By Type, 20142022 (USD Million)
Table 45 Asia-Pacific: Market Size, By Country, 20142022 (USD Million)
Table 46 Asia-Pacific: Market Size For Herbicides, By Country, 20142022 (KT)
Table 47 Asia-Pacific: Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 48 Asia-Pacific: Market Size For Herbicides, By Type, 20142022 (KT)
Table 49 Asia-Pacific: Market Size For Herbicides, By Crop Type, 20142022 (USD Million)
Table 50 Asia-Pacific: Market Size For Herbicides, By Mode of Action, 20142022 (USD Billion)
Table 51 China: Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 52 Thailand: Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 53 Japan: Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 54 India : Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 55 Rest of Asia-Pacific: Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 56 South America: Market Size For Herbicides, By Country, 20142022 (USD Million)
Table 57 South America: Market Size For Herbicides, By Country, 20142022 (KT)
Table 58 South America: Market Size, By Type, 20142022 (USD Million)
Table 59 South America: Market Size For Herbicides, By Type, 20142022 (KT)
Table 60 South America: Market Size For Herbicides, By Crop Type, 20142022 (USD Million)
Table 61 South America: Market Size For Herbicides, By Mode of Action, 20142022 (USD Million)
Table 62 Brazil: Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 63 Argentina: Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 64 Rest of South America: Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 65 RoW: Market Size For Herbicides, By Region, 20142022 (USD Million)
Table 66 RoW: Market Size For Herbicides, By Region, 20142022 (KT)
Table 67 RoW: Market Size Herbicides, By Type, 20142022 (USD Million)
Table 68 RoW: Market Size For Herbicides, By Type, 20142022 (KT)
Table 69 RoW: Market Size For Herbicides, By Crop Type, 20142022 (USD Million)
Table 70 RoW: Market Size For Herbicides, By Mode of Action, 20142022 (USD Million)
Table 71 Africa: Market Size For Herbicides, By Type, 20142022 (USD Million)
Table 72 Middle East: Market Size, By Type, 20142022 (USD Million)
Table 73 Ranking Based on Herbicides Sales, 2015
List of Figures (43 Figures)
Figure 1 Herbicides Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Herbicides Market: Data Triangulation
Figure 5 Market Size For Herbicides, By Type, 2016 vs 2022
Figure 6 Cereals & Grains Segment is Projected to Hold the Largest Market Share By 2022
Figure 7 Non-Selective Segment is Projected to Hold the Largest Market Share By 2022
Figure 8 South America is Expected to Dominate the Herbicides Market From 2016 to 2022
Figure 9 Increasing Applicability of Herbicides Provides Opportunities for This Market
Figure 10 Glyphosate Segment to Grow at the Highest Rate
Figure 11 South American Region Was the Largest Market for Herbicides in 2015
Figure 12 India is Projected to Be the Fastest-Growing Country-Level Market for Herbicides From 2016 to 2022
Figure 13 South America Dominated the Herbicides Market for Oilseeds & Pulses in 2015
Figure 14 Herbicides Market in Asia-Pacific is Experiencing Rapid Growth
Figure 15 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Rice Production in Asian Countries (20142015)
Figure 17 Gross Agriculture Production Index: Asia
Figure 18 Value Chain Analysis for Herbicides Market: Major Value is Added During Registration and Formulation
Figure 19 Supply Chain for Herbicides Market
Figure 20 Glyphosate Projected to Grow at the Highest Rate From 2016 to 2022
Figure 21 Non-Selective Segment is Expected to Dominate the Herbicides Market, 2016-2022 (USD Billion)
Figure 22 South America is Expected to Dominate the Non-Selective Herbicides Market, 2016-2022 (USD Billion)
Figure 23 Cereals & Grains is Expected to Have has the Largest Market Share During 20162022
Figure 24 South America Accounted for the Largest Market Share in the Global Market for Herbicides
Figure 25 Regional Snapshot: Asia-Pacific Herbicide Market is Projected to Grow at the Highest CAGR During 2016 to 2022
Figure 26 Asia-Pacific: Market Snapshot
Figure 27 South America: Market Snapshot
Figure 28 Companies Adopted New Product Launches and Product Approvals as the Key Growth Strategy
Figure 29 New Product Launches and Product Approvals Was the Key Strategy 20122016
Figure 30 BASF SE: Company Snapshot
Figure 31 BASF SE: SWOT Analysis
Figure 32 The DOW Chemical Company: Company Snapshot
Figure 33 The DOW Chemical Company: SWOT Analysis
Figure 34 E.I. Du Pont De Nemours and Company: Company Snapshot
Figure 35 E.I. Du Pont De Nemours and Company: SWOT Analysis
Figure 36 Monsanto Company: Company Snapshot
Figure 37 Monsanto Company : SWOT Analysis
Figure 38 Syngenta AG: Company Snapshot
Figure 39 Syngenta AG: SWOT Analysis
Figure 40 FMC Corporation: Company Snapshot
Figure 41 Platform Specialty Products Corporation.: Company Snapshot
Figure 42 Nufarm Limited: Company Snapshot
Figure 43 Nissan Chemical Industries Ltd.: Company Snapshot
Growth opportunities and latent adjacency in Herbicides Market
Need information on the Canadian and US Selective herbicide market in terms of players and brands and the channels where these are sold. Also need market size data and market share information along with information on European herbicide market for all the segments in the region not limited to Golf & Sports, and Agriculture.
Interested in trends in herbicide use in Colombia market.
Interested in global herbicide consumption by crops and countries