Growing Awareness Among The Farmers About Herbicides Is Anticipated To Propel The Herbicides Market

The research report "Herbicides Market: By Type (Chlorophenoxy Acid Herbicides, Triazine Herbicides, Organic Phosphorous Herbicides) By Crop Type (Arable Crops, Permanent Crops ), By Mode of Action (Selective, Contact, Broad Spectrum, Residual, Systemic) By Mode of Application (Soil, Seed, Foliar, Post-harvest) By Formulation (Liquid, Granular, Powder, Others) By Geography (Latin America, North America, Asia Pacific, the Middle East and Africa and Europe)- Global/Region/Country Forecast to 2028." Herbicides market size was evaluated at USD 29.2 billion in the year 2021, witnessing a CAGR rate of 6.9% during the assessment period 2022-2028.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on "Herbicides Market: By Type (Chlorophenoxy Acid Herbicides, Triazine Herbicides, Organic Phosphorous Herbicides) By Crop Type (Arable Crops, Permanent Crops ), By Mode of Action (Selective, Contact, Broad Spectrum, Residual, Systemic) By Mode of Application (Soil, Seed, Foliar, Post-harvest) By Formulation (Liquid, Granular, Powder, Others) By Geography (Latin America, North America, Asia Pacific, the Middle East and Africa and Europe)- Global/Region/Country Forecast to 2028."

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Growing adoption of better agricultural techniques fuelling the Herbicides Market:
The global herbicides market report provides present, future market sizes based on mode of action, crop type, mode of application, type and formulation and regions. An increase in the product yield and quality with lessened chemical hazards, growing consciousness regarding the herbicides amid the farmers, increasing demand for food products and government initiatives taken for sustainable agricultural practices are the major factors predicted to fuel the herbicides market over the evaluation time span. Herbicides have the potent to protect the crops from weeds while even promoting their growth. Several benefits of herbicides, easy residue management, and low R&D costs propel the herbicides market over the forecast time span. On the other hand, the lesser availability of products, high price of the herbicides and the danger of toxic metabolites hampers the herbicides market growth over the prediction time span. Through evolving industry trends, market players develop successful long-term strategies. Both the rising and established markets have followed business growth techniques.

There has been huge increase in the overall planted acreage across the globe to fulfill the growing demand for food, which has fuelled the demand for herbicide in present years. Growth in cereal and grain output importantly in the region Asia pacific and growing adoption of well agricultural techniques are the leading factors bolstering the herbicides market. The global herbicide market has been propelled by the creation of new herbicides with specialized uses and thanks to technological developments; such trend is anticipated to continue during the assessment period.

Asia Pacific accounted for major share in the Herbicides Market:
Herbicides market is classified into major regions such as North America, Europe, Latin America, Middle East, Africa and Asia Pacific. High consumption of agricultural products, growing disposable income, increase in the agriculture exports and huge reliance on agriculture income in China and India leading Asia Pacific market towards huge growth. North America witnesses second biggest place followed by region Europe because of the factors such as high consciousness about healthcare worries, high inclination towards healthy diet and growing demand for organic food grains. But, strict environment regulatory protocols can hamper the herbicides market growth in Europe and North America.

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Competitive Analysis - Herbicides Market
Major players operating in the herbicides market are The Dow Chemical Company (U.S.), BASF SE (Germany), DuPont (U.S.), Syngenta AG (Switzerland), Monsanto Company (U.S.), FMC Corporation (U.S.) and Nufarm Ltd. (Australia).

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