New York, According to a new market research report published by Global Insight Services “Herbicides Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Herbicides are chemicals used to kill or control plants. There are many different types of herbicides, each designed to kill a specific type of plant. Some herbicides are selective, meaning they only kill certain types of plants. Other herbicides are non-selective, meaning they will kill any type of plant they come in contact with.
Herbicides are used for a variety of reasons, including killing weeds in gardens and fields, controlling invasive plants, and clearing land for development. Some herbicides are also used to kill plants that are harmful to crops, such as insects or diseases.
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Key Trends
The key trends in herbicide technology are the development of more effective and targeted herbicides and the use of biotechnology to develop herbicide-resistant crops.
The development of more effective herbicides has been driven by the increasing problem of herbicide resistance. Herbicide resistance occurs when a weed population evolves the ability to survive and reproduce after exposure to a herbicide that would normally kill it. This resistance can develop very quickly, and once it occurs, it is very difficult to control. As a result, there is a need for herbicides that are more effective and targeted.
One way to develop more targeted herbicides is to use biotechnology to develop crops that are resistant to herbicides. This approach has been very successful in controlling weeds, and it is likely that it will become even more important in the future.
Key Drivers
The key drivers of the herbicide market include the growing demand for food and feed, the need for efficient and sustainable agricultural practices, and the increasing instances of weed resistance.
The demand for food and feed is the primary driver of the herbicides market. The world population is projected to reach 9.1 billion by 2050, which will lead to an increase in the demand for food and feed. The area under cultivation is expected to increase to meet this demand, which will in turn drive the demand for herbicides.
The need for efficient and sustainable agricultural practices is another key driver of the herbicides market. The increasing instances of weed resistance have made it necessary for farmers to adopt efficient and sustainable weed management practices. Herbicides play an important role in these practices as they help in the control of weeds.
The increasing instances of weed resistance are a major challenge for the herbicides market. The development of herbicide-resistant weeds is a major threat to the sustainability of agricultural production. The increasing use of herbicides has led to the development of herbicide-resistant weed strains. This resistance is a major challenge for the herbicides market as it limits the effectiveness of herbicides.
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Market Segments
The Herbicides Market is segmented based on type, mode of action, crop type, and region. Based on type, the market is bifurcated into synthetic herbicide and bio herbicide. Based on mode of action, the market is categorized into selective and non-selective herbicide. Based on crop type, it is divided into corn, cotton, soybean, wheat, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Herbicides Market report includes players such as BASF, Bayer AG, DowDupont, Syngenta AG, SUMITOMO CHEMICAL CO., LTD, FMC Corporation, WILBUR-ELLIS HOLDINGS, INC, Adama Agricultural Solutions Ltd, NISSAN CHEMICAL CORPORATION and Nufarm Ltd.
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Reasons to buy Herbicides Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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