DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Herbicide Market - By Product Type,Mode of Action, Crop Type, Regions and Vendors - Market Size, Demand Forecasts, Industry Trends and Updates, Supplier Market Shares (2016-2022)" report to their offering.
The global herbicide market was $23.97 billion in 2016 and is estimated to reach $34.10 billion by 2022, at a CAGR of 6.05% for the forecasted period.
Gradual transformation in usage from selective herbicide to non-selective herbicide will be a key trend during the period. Glyphosate segment is expected to grow at a CAGR of 5.69% during the period, second in terms of volume. Within types of herbicides, bio-herbicide would grow at the fastest rate reflecting 23.5% CAGR during forecast period
Latin America and Asia-Pacific are the top two consumers of herbicides, together accounted for more than half of the market share in 2016. North America has become a saturated market and as a result, the growth is slow, while APAC is prone to be the fastest growing market. Increasing demand from end applications will drive demand for Glyphosate-based herbicides. Added to this, agriculture growing rapidly in Asia-Pacific and Latin America will increase demand for such herbicides.
Countries like US, China, Japan and Taiwan are having the lead in terms of per capita usage of pesticide market in comparison to low consumption countries like India, Greece and others. However, food security need and good reforms will drive the market in these countries.
Key Topics Covered:
1. Research Methodology
2. Market Overview
3. Market Dynamics
4. Herbicide Market Segmentation, Forecasts and Trends - by Revenue
5. By Product type
6. By Crop Type
7. By Region
8. Global Vendor Market Share Analysis
9. Competitive Intelligence - Company Profiles
- Bayer Ag
- DOW Agriscience LLC
- Cheminova A/S
- Adama Agricultural Solutions Ltd
- FMC Corporation
- Nufarm Ltd
- Ag Chemical
- Drexel Chemical Co.
For more information about this report visit http://www.researchandmarkets.com/research/lnk4mc/global_herbicide