Herbicides Market Size | Growth, Industry Demand and Forecast to 2024

Market Overview
Herbicides Market is expected to exhibit a strong 6% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global herbicides market is a major part of the agriculture sector and is likely to play a key role in the development of the agriculture sector in the coming years. Developments in the herbicides sector are likely to have a long-lasting impact on the agriculture sector, making the herbicides sector crucial. According to MRFR, the global herbicide market is expected to reach a revenue valuation of USD 43 billion by 2024.
Growing demand for food across the world has been the primary driver for the agriculture sector in recent years. As the population has grown around the world, it has resulted in a growing demand from the agriculture sector. As more people have become urbanized, they have come under the coverage provided by government systems designed to distribute agricultural products, leading to more demand from the agriculture sector. The growing infant population around the world is likely to ensure a steady growth in demand from the agriculture sector in the coming years. This is likely to reflect well on the global herbicides market in the coming years. The global herbicide market is highly dependent on the agriculture sector and is likely to be closely associated with the growth prospects of the agriculture sector in the coming years.
Competitive Analysis
Leading players in the Global Herbicide Market Size include Kenvos Bio, ADAMA Ltd., Drexel Chemical Company, Nissan Chemical Industries Ltd., Nufarm Limited, Element Solutions Inc., Syngenta AG, PI Industries, Agrium Inc., Bayer AG, FMC Corporation, Monsanto Company, The Dow Chemical Company and BASF SE.
In September 2019, Germany announced plans to phase out the use of glyphosate in herbicides starting from 2020. The country intends to be completely free from glyphosate herbicides by 2024. The strong presence of the herbicide market in Germany and Europe could result in many companies having to undertake significant product innovation in order to fit the regulations. Companies such as Bayer could also challenge these measures in court, leading to long legal cases.
Segmentation
The global herbicide market is segmented on the basis of active ingredient, category, mode of action, crop type, and region.
By active ingredient, the global herbicide market is segmented into glyphosate, 2,4-D, atrazine, diquat, and others.
By category, the global herbicide market is segmented into synthetic and bioherbicides.
By mode of action, the global herbicides market is segmented into selective and non-selective.
By crop type, the global herbicide market is segmented into pulses and oilseeds, cereals and grains, fruits and vegetables, and others.
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/herbicides-market-4853
Regional Analysis
Asia Pacific is likely to dominate the global herbicide market in the coming years due to the growing industrialization and mechanization being brought about in the agriculture sector in the region. The growing demand for food in Asia Pacific has put a strain on traditional agricultural centers such as Punjab in India and Pakistan, Bangladesh, and China. This has resulted in an increasing demand for herbicides.
North America and Europe are also major markets in the global herbicide market.
South America is expected to exhibit the fastest growth in the herbicide market over the forecast period due to the growing agriculture sector in South America and the resultant increase in the use of herbicides in the region.
Read our Blogs @ http://mrfrblog.com/

Comments

Post a Comment

Popular posts from this blog

Covid-19 Analysis on Medicinal Mushroom Market Research, Trends and Forecast to 2023

Market Overview Global Covid-19 Analysis on Medicinal Mushroom Market contains some of the most rejuvenating and nourishing health compounds of any substance on earth. Increase in application of medicinal mushroom owing to the nutritional and medicinal attributes associated with it is encouraging the growth of medicinal market. Medicinal mushroom is a good source of vitamin B & D and is beneficial for various health benefits including its ability to aid weight loss, support cardiovascular health, fight cancer cells, improve energy levels and brain function, reduce inflammation, and support the immune system. The sector is driven in a major way by the demand directed from the food & beverage and nutraceuticals sector owning to the health benefits obtained from it. Health awareness and rising population of vegan consumers have prompted the growth of medicinal mushroom in the daily diet of individuals. Increase in fitness and wellness sector awareness has enhanced the market gr
Read more

Cookies Market Size, Value Demand and Forecast to 2023

Market Scenario Global  Cookies Market  is presumed to expand at a remarkable rate during the forecast period (2018-2023) owing to the changing lifestyle, asserts Market Research Future (MRFR). Cookie is a small, flat baked food which is also referred to as biscuits in a few countries. Freshly baked cookies are sold through online retailing channels and bakeries. Other types of processed cookies are sold through hypermarkets, convenience stores, superstores, specialty stores, and others. Drivers and Constraints Impacting the Market With the increasing number of cafes across the world, the global market for cookies is presumed to expand at a rapid pace. Consumers prefer light snack with hot beverages such as biscuits and cookies which are further considered to impact the global market positively. Moreover, cookies are portable and are convenient to store. This has made them a popular on-the-go snack among the consumers. With the increasing demand from the consumers, the market i
Read more

Frozen Pizza Market Trend | Global Demand, Key Players and Forecast to 2023

Market Insight Global  Frozen Pizza Market  has witnessed an impressive growth over the last few years. The growth of the frozen pizza is anticipated to be driven by various factors. Frozen pizza is turned out to be one of the alternatives of conventional pizza owing to the easy preparation method along with the similar types of tastes like a normal pizza. Frozen pizza has a high demand in the developed countries due to the high promotional activities by the key player. Urbanization has changed extensively the lifestyles of the consumers along with the eating habits of the consumers which in turn accelerates the demand of processed food which resulted to enhance the frozen pizza sales during the forecast period. Frozen pizza manufacturers are introducing new toppings based on the popularity of the products in the specific region. There has been an increase in demand in gluten free pizza in the North America & Europe region owing to the increasing celiac diseases of the consum
Read more