Herbicide Market
Herbicide Market Size, Share & Industry Analysis, By Type (Synthetic Herbicides, Bio-herbicides), By Mode of Action (Selective, Non-selective), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By Form (Liquid, Dry), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
Market Overview:
The global Herbicide Market is projected to grow at a CAGR of 5.2% from 2024 to 2031. The market value is expected to increase from USD YY in 2024 to USD YY by 2031, with Asia-Pacific emerging as the dominant region.
Key metrics include increasing demand for food security, growing adoption of genetically modified crops, and rising focus on sustainable agriculture practices. The Herbicide Market is growing gradually, driven by the need to enhance crop yields to meet rising global food demand. The market is benefiting from technological advances in herbicide formulations, increased knowledge of weed management, and the expansion of commercial agriculture in developing nations.
Herbicide Market Dynamics:
Market Trend: Rising adoption of integrated weed management practices
The Herbicide Market is seeing a significant increase in the use of integrated weed management (IWM). This system combines many weed control strategies, including chemical herbicides, mechanical control, and cultural activities, to deliver more effective and long-term weed management. The shift to IWM is motivated by growing concerns about herbicide resistance, environmental effects, and the need for more sustainable agricultural practices. For example, a recent survey of large-scale farmers in North America discovered that 65% had implemented some form of IWM within the preceding five years, resulting in a 20% reduction in pesticide use while maintaining crop yields. Furthermore, agricultural extension services and regulatory agencies support IWM, increasing farmer awareness and acceptability. This tendency encourages herbicide manufacturers to develop chemicals that complement IWM strategies, such as herbicides with several modes of action or those specifically designed for use with cover crops or mechanical weed control methods.
Market Driver: Increasing adoption of herbicide-tolerant genetically modified crops
The herbicide market is quickly rising as herbicide-tolerant genetically modified (GM) crops become more commonly used. These crops are engineered to withstand specific herbicides, allowing farmers to use broad-spectrum herbicides to control weeds without hurting the crop. According to the International Service for the Acquisition of Agri-biotech Applications (ISAAA), herbicide-tolerant crops will account for around 88% of total biotech crop area in 2021, encompassing more than 190 million hectares worldwide. This widespread acceptance has led to increased pesticide use in major agricultural regions. For example, glyphosate-resistant crops have led to a 15-fold increase in glyphosate use since their introduction. Herbicide-tolerant crop systems are popular among farmers, particularly in large-scale commercial agriculture, because of their simplicity and effectiveness. Herbicide use has increased significantly in major agricultural countries such as the United States, Brazil, and Argentina, as has the development of herbicide-tolerant crops. This trend is expected to continue as new herbicide-tolerant crop types are developed and licensed for commercial use, increasing demand for the associated herbicides.
Market Restraint: Growing concerns about environmental and health impacts of synthetic herbicides
Despite the widespread use of herbicides in agriculture, the industry is experiencing significant problems as concerns about synthetic herbicides' environmental and health impacts grow. The increased public awareness of the potential risks associated with herbicide use, such as soil and water contamination, biodiversity loss, and human health repercussions, is resulting in stricter restrictions and changed consumer preferences. For example, many European countries have restricted or banned various herbicides, most notably glyphosate, because to concerns about its impact on human health and the environment. A recent study found pesticide residues in 60% of surface water samples from agricultural areas, raising concerns about the environmental repercussions. Furthermore, the rise of organic farming and consumer demand for pesticide-free foods puts pressure on conventional agriculture to reduce herbicide use. These challenges are prompting some farmers to seek alternative weed management strategies and spurring research into less harmful herbicide formulations. However, transitioning to other methods can be costly and difficult for farmers, potentially restricting market expansion in some locations.
Segment Overview:
The Synthetic Herbicides segment dominates the Herbicide Market, driven by its high efficacy and cost-effectiveness in large-scale agriculture.
The synthetic herbicides category dominates the global herbicide market. This dominance may be attributed to the wide range of synthetic herbicides available for many crop kinds and weed species, their excellent efficacy in weed control, and their inexpensive cost for large-scale agricultural operations. Synthetic herbicides offer farmers consistent and effective weed control methods, which are crucial for maintaining crop yields in intensive agricultural systems.
Recent advances in the Synthetic Herbicides business have cemented its leadership position. For example, a prominent agrochemical company reported a 12% increase in sales of synthetic herbicide products in the previous year, thanks mostly to the introduction of new formulations with improved efficacy and environmental properties. These next-generation synthetic herbicides have improved target selectivity, reduced environmental persistence, and greater resistance management capabilities.
Furthermore, the Synthetic Herbicides business has achieved significant progress in terms of application technology and precision agriculture integration. A leading agricultural technology company recently introduced a smart spraying system that combines synthetic herbicide administration with AI-powered weed detection, reducing total herbicide use by up to 90% while maintaining weed control efficacy. This innovation has been well received in locations with severe environmental regulations, with early adopters reporting significant cost savings and a reduced environmental impact. The combination of ongoing product development, improved application technologies, and established synthetic herbicide infrastructure is expected to drive further growth in this segment of the Herbicide Market.
Regional Outlook:
Asia-Pacific leads the Herbicide Market, driven by large agricultural land area, increasing adoption of modern farming practices, and government initiatives to boost agricultural productivity.
Asia-Pacific now controls the largest proportion of the global herbicide market, with China and India driving this dominance. The region's leadership can be due to a number of factors, including its vast agricultural land area, a large population driving food demand, growing adoption of new farming methods, and government initiatives to boost agricultural productivity.
China, in particular, has been a major driver of herbicide demand in the region. The country's emphasis on food security and agricultural modernisation has resulted in increased use of herbicides to raise crop yields. China is also a major herbicide producer, with a thriving domestic agrochemical industry that supplies both domestic and international markets. The Chinese government's efforts to consolidate and grow its agrochemical sector have resulted in greater product quality and environmental standards, thereby strengthening its position in the global herbicide market.
India, with its vast agricultural sector and growing population, is another key herbicide market in the region. Herbicide use in the country has risen dramatically over the last decade, mainly to workforce shortages in rural areas and the introduction of conservation tillage practices. Government initiatives to promote modern agricultural inputs and raise farmer awareness of weed management have also aided market growth.
According to our analysis, the Asia-Pacific Herbicide Market was valued at $YY billion by 2023, with an annual growth rate of 5.8%. China accounted for around YY% of the regional market share, followed by India and Japan.
In terms of country-specific developments, Vietnam's pesticide use has increased significantly as commercial rice agriculture has expanded and herbicide-tolerant genetically modified maize types have been adopted. Over the last three years, the Vietnamese herbicide market has grown at a 10% annual rate, with high demand for glyphosate and 2,4-D products.
Competitive Intelligence:
The Herbicide Market is marked by the presence of multiple large multinational agrochemical businesses, as well as increased competition from generic manufacturers. To preserve a competitive advantage, leading market actors are prioritising product innovation, strategic partnerships, and portfolio expansion. Major companies such as Bayer AG, Syngenta AG (ChemChina), and BASF SE account for more than YY% of the global market.
Following the acquisition of Monsanto, Bayer AG maintained its position as the dominant player in the herbicide market. The company's agricultural science business increased by 5% year on year, with pesticides playing a significant role. Bayer's success can be attributed to its extensive herbicide portfolio, which includes the popular glyphosate, as well as its integrated seed and crop protection capabilities. The company recently launched a new herbicide formulation designed for use with its most recent herbicide-tolerant soybean cultivars, which has received rapid adoption in key countries such as the United States and Brazil.
Generic producers, particularly those from China and India, are making significant inroads into the sector by offering lower-cost alternatives to branded herbicides. For example, several Chinese companies have expanded their production capacity for glyphosate and other off-patent herbicides, gaining market share in price-sensitive regions.
In terms of regional approaches, major companies are focussing on developing herbicide solutions tailored to local crop patterns and weed issues in emerging markets. A large agrochemical company reported a 15% increase in herbicide sales in Southeast Asian countries over the previous fiscal year, owing to the introduction of herbicide packages designed specifically for rice production in the region.
Looking ahead, the industry is expected to further consolidate as larger firms seek to strengthen their positions through acquisitions and collaborations. The emphasis on developing more sustainable and environmentally friendly herbicide solutions is projected to drive future growth and shape competitive strategies in the next years.
Analyst Opinion:
TThe Herbicide Market is predicted to expand gradually in the next years, driven by the ongoing need for effective weed management in agriculture. However, the market is at a crossroads, balancing the need for more agricultural output with growing environmental and health concerns. One noticeable trend is the rising investment in biopesticides and natural herbicide substitutes. This change is being fuelled by growing regulatory pressure, consumer demand for organic products, and the need for sustainable farming approaches. As research in this subject progresses, we anticipate more effective and economically viable bio-based pesticide solutions entering the marketplace. Furthermore, the integration of digital technologies and precision agriculture in weed management is expected to change herbicide application techniques, potentially leading to more targeted and less herbicide use. Companies that can successfully negotiate the transition to more sustainable and technologically advanced herbicide solutions will have a significant competitive advantage in this shifting market position.
Major Players:
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Bayer AG
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Syngenta AG (ChemChina)
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BASF SE
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Corteva Agriscience
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FMC Corporation
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Nufarm Limited
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UPL Limited
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Sumitomo Chemical Co., Ltd.
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ADAMA Agricultural Solutions Ltd.
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Nissan Chemical Industries, Ltd.
Key Developments:
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July 2023: Bayer AG launches a new AI-powered digital platform for comprehensive weed management that combines herbicide recommendations and precision application technologies.
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In March 2024, BASF SE announced a strategic partnership with a well-known agricultural drone company to develop customised pesticide spraying systems for small-scale farmers in developing nations.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)
5. COMPANY PROFILES
5.1. Bayer AG
5.2. Syngenta AG (ChemChina)
5.3. BASF SE
5.4. Corteva Agriscience
5.5. FMC Corporation
5.6. Nufarm Limited
5.7. UPL Limited
5.8. Sumitomo Chemical Co., Ltd.
5.9. ADAMA Agricultural Solutions Ltd.
5.10. Nissan Chemical Industries, Ltd. (*LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Rising adoption of integrated weed management practices
6.1.2. Increasing investment in biopesticides and natural herbicide alternatives
6.1.3. Integration of digital technologies and precision agriculture in weed management
6.2. Market Drivers
6.2.1. Increasing adoption of herbicide-tolerant genetically modified crops
6.2.2. Growing global food demand and need for enhanced crop yields
6.2.3. Labor shortages in agriculture driving mechanization and chemical weed control
6.3. Market Restraints
6.3.1. Growing concerns about environmental and health impacts of synthetic herbicides
6.3.2. Increasing instances of herbicide-resistant weeds
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Synthetic Herbicides
7.2. Bio-herbicides
8. BY MODE OF ACTION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Selective
8.2. Non-selective
9. BY CROP TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Cereals & Grains
9.2. Oilseeds & Pulses
9.3. Fruits & Vegetables
9.4. Others
10. BY FORM (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. Liquid
10.2. Dry
11. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
11.1. North America
11.1.1. United States
11.1.2. Canada
11.1.3. Mexico
11.2. South America
11.2.1. Brazil
11.2.2. Argentina
11.2.3. Rest of South America
11.3. Europe
11.3.1. Germany
11.3.2. United Kingdom
11.3.3. France
11.3.4. Italy
11.3.5. Spain
11.3.6. Russia
11.3.7. Rest of Europe
11.4. Asia-Pacific
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia
11.4.5. South Korea
11.4.6. Rest of Asia-Pacific
11.5. Middle-East
11.5.1. UAE
11.5.2. Saudi Arabia
11.5.3. Turkey
11.5.4. Rest of Middle East
11.6. Africa
11.6.1. South Africa
11.6.2. Egypt
11.6.3. Rest of Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
Herbicide Market Segmentation:
By Type:
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Synthetic Herbicides
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Bio-herbicides
By Mode of Action:
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Selective
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Non-selective
By Crop Type:
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Cereals & Grains
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Oilseeds & Pulses
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Fruits & Vegetables
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Others
By Form:
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Liquid
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Dry
By Region:
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa
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