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(MoneyNewsWire.Net, August 22, 2017 ) Herbicides Market was worth USD 27.21 billion in 2016 and is expected to reach USD 36.85 billion by 2021 with a CAGR of 6.25 %.
Herbicide Market analysis is a type of pesticide that is used to control weeds or undesirable plants while leaving the desired crop unharmed. There are various types of herbicide based on type and Mode of Action. Based on Mode of Action, Herbicides is divided into Selective and Non-Selective. Selective Herbicides are used for agricultural purposes to kill unwanted plants while leaving the agricultural crops unharmed. Non-Selective Herbicides are used in Waste lands or construction sites to completely clear plant material.
Browse market data tables and in-depth TOC of the Global Herbicides Industry to 2021 @ http://www.marketdataforecast.com/market-reports/global-herbicides-market-2004/
Rising Demand for high agricultural productivity, increasing Populace and rising disposable income are some of the factors driving the market. However, Synthetic Herbicides cause so many environmental hazards which resulted in stringent regulations on the use of Herbicides. These regulations are one of the major factors restraining the market.
Herbicides Market is segmented on the basis of Type, Crop Type, and Mode of Action. On the basis of Type, market is segmented into Synthetic and Bioherbicides. Further on the basis of Synthetic Herbicides, market is further segmented into Glyphosate, 2, 4-D, Diquat, Others. On the basis of Crop Type, market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others. On the basis of Mode of Action, market is further segmented into Selective, Non-Selective. Cereals and Grains segment accounted for highest share in the market owing to the increased consumption in diets.
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Geographically, market is segmented into Asia-Pacific, Europe, Latin America, North America and Middle East and Africa. Latin America dominated the global market in 2015 owing to the emergence of Latin American countries as Agricultural Powerhouses.
The Major Players listed in the Report are BASF SE, The Dow Chemical Company, E.I. du Pont de Nemours & Company, Monsanto Company, and Syngenta AG, FMC Corporation, Platform Specialty Products Corporation, Nufarm Ltd., Nissan Chemical Industries Ltd., and Drexel Chemical Co.
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