Herbicides are specific category of pesticides used to control unwanted plants during cultivation. They are mainly used in agricultural production and turf management. Based on mode of action, herbicides can be categorized in two types, namely, selective and non-selective. Selective herbicides are used to destroy specific targets without harming the plants. These are largely used generally in industrial sites, railways, waste ground and others. On the other hand, non-selective herbicides destroy plants. It is used in low quantity in forestry and other areas. Glyphosate is majorly used herbicide across the world among other categories. Another type of herbicide, called 2,4-D, is either banned or restricted in terms of usage in Canada, Denmark, Norway and other countries, due to its adverse effect on health and environment. Market for bio based herbicide has a promising future as it is less hazardous to crop and the natural environment. However, higher manufacturing cost of bio herbicide is a major limiting factor for commercialization due to the availability of low cost synthetic herbicide. BASF, Bayer AG, DOW Agriscience LLC, Syngenta AG, Cheminova A/S, FMC Corporation, Adama Agricultural Solutions Ltd, Nufarm Ltd, E.I Du Pont de Numerous and Company and Monsanto Company are some of the key market players in the market. New product development is a key strategy for many of these companies to increase market penetration. Syngeta AG developed corn herbicides named Acuron as a weed resistance solution.DuPont introduced Abundit Extra, aherbicide for glyphosate tolerant crop protection.
The global herbicide market is segmented on the basis of type, mode of selection, crop type and geography (country level). The type segment is further categorized into Glyphosate, Atrazine, Acetochlor, 2,4-D, Paraquat, Bio-Herbicide and Others. Glyphosate herbicide dominates the global market in terms of value and volume both. Bio-herbicide is emerging as potential future alternative to synthetic herbicides, although commercial production of bio herbicide is still very low. Based on the mode of selection, the global herbicide market is segmented into selective and non-selective herbicide. Demand for non-selective herbicide is growing in the market, replacing selective herbicide. By crop type, the global herbicide market is divided into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Cotton. Herbicides are majorly used in cereals and grains. Geographically, the global herbicide market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America and Europe dominate the global market due to comparatively high price of herbicides with respect to other regions.
KEY MARKET SEGMENTS
The global herbicide marketis segmented into four major categories:type, mode of action, crop type and geography.
MARKET BY TYPE
MARKET BY MODE OF ACTION
MARKET BY CROP TYPE
MARKET BY GEOGRAPHY