Global Herbicides Market to Reach $39.15 Billion by 2022 - Rise in Production of Cereals & Grains - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Herbicides Market - Global Forecast to 2022" report to their offering.

The global herbicides market is estimated at USD 27.21 billion in 2016, and is projected at 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 adoption of better farming practices and rise in production of cereals & grains, especially in the Asia-Pacific region. The major restraints in the herbicides market are the carcinogenic effect of certain active ingredients used in herbicides. Herbicide residue is also one of the major restraints and can cause serious damage to crops if not carefully monitored and controlled.

The glyphosate segment, by type, accounted for the largest market share in 2015, owing to its usage on almost all crop types. Glyphosate is a non-selective herbicide used primarily for perennial weed control and in zero tillage grain production systems. It is also crucial to the production of genetically modified herbicide-resistant crops.

The oilseeds & pulses segment, by crop type, is projected to have the highest CAGR during the forecast period. This is due to the growing demand for soybean which is a major edible oil. Moreover, there has been a rise in the usage of herbicides in the cultivation of pulses especially in Asian countries in recent years.

Companies Mentioned

  • BASF SE
  • Drexel Chemical Company
  • E.I. Du Pont de Nemours and Company
  • Fmc Corporation
  • Monsanto Company
  • Nissan Chemical Industries Ltd.
  • Nufarm Limited
  • Platform Specialty Products Corporation
  • Syngenta AG
  • The Dow Chemical Company

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Herbicides Market, By Type

8 Herbicides Market, By Mode of Action

9 Herbicides Market, By Crop Type

10 Herbicides Market, By Region

11 Company Profiles

12 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/866cbn/herbicides_market

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
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Related Topics: Agrochemicals and Fertilizers, Crop Farming

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Agrochemicals and Fertilizers, Crop Farming