The Business Research Company’s Herbicides Global Market Report 2021 : COVID-19 Impact And Recovery
LONDON, GREATER LONDON , UK, September 8, 2021 /EINPresswire.com/ — According to the new market research report ‘Herbicides Global Market Report 2021: COVID-19 Impact And Recovery’ published by The Business Research Company, the herbicides market is expected to grow from $33.65 billion in 2020 to $35.72 billion in 2021 at a compound annual growth rate (CAGR) of 6.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $47.09 billion in 2025 at a CAGR of 7%. World population is growing and is expected to reach 10 billion by 2050 and this is expected to significantly boost the herbicides market during the forecast period.
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The herbicides market consists of sales of herbicides. Herbicides are commonly known as weed killers and are chemical substances used to control unwanted plants.
Trends In The Global Herbicides Market
The herbicides market has registered a significant increase in mergers and acquisitions over the last 5 years. Such collaborations are mainly aimed at expanding the product range or distribution networks. This can also be attributed to low food commodity prices which affect pesticides manufacturers and distributors leading to industry consolidation. For instance, in December 2019, American Vanguard Corp., an agricultural products company acquired four herbicide brands Classic, First Rate, Hornet and Python from Corteva Agriscience for an undisclosed amount. The acquisition will help American Vanguard to expand its crop protection business.
Global Herbicides Market Segments:
The global herbicides market is further segmented based on type, application, mode of action and geography.
By Type: Synthetic, Bio Based
By Application: Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Turf & Ornamentals
By Mode Of Action: Selective, Non-selective
By Geography: The global herbicides market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Herbicides Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides herbicides global market overviews, analyzes and forecasts market size and growth for the global herbicides market, herbicides global market share, herbicides market players, herbicides global market segments and geographies, herbicides market’s leading competitors’ revenues, profiles and market shares. The herbicides global market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Herbicides Market Organizations Covered: Adama Agricultural Solutions Ltd, Basf Se, Bayer Ag, Dowdupont, FMC Corporation, Nufarm Limited, Syngenta, The Dow Chemical Company, E.I. Du Pont De Nemours And Company, Monsanto Company, Platform Specialty Products Corporation, Nissan Chemical Industries Ltd., Drexel Chemical Company, Sumitomo Chemical Co., Ltd., Wilbur-Ellis Holdings, Inc, Upl Limited, Heranba Industries Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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Here is a list of reports from The Business Research Company similar to the Herbicides Global Market Report 2021:
Pesticide And Other Agricultural Chemicals Global Market Report 2021 – By Type (Herbicides, Insecticides, Fungicides, Other Pesticide And Other Agricultural Chemicals), By Origin (Synthetic, Bio-Based), By Application (Grains And Cereals, Pulses And Oilseeds, Commercial Crops, Fruits And Vegetables), COVID-19 Impact And Recovery
Fungicides Global Market Report 2021 – By Type (Synthetic Fungicides, Bio-Fungicides), By Application ( Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), By Active Ingredient (Dithiocarbamate, Benzimidazoles, Chloronitrile, Triazoles, Phenylamides, Strobilurin), By Treatment (Seed Treatment, Soil Treatment, Foliar Spray, Chemigation, Post-Harvest), COVID-19 Impact And Recovery
Insecticides Global Market Report 2021 – By Type (Synthetic Insecticides, Bio-Insecticides), By Application (Cereals And Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By Form (Sprays, Baits, Strips), COVID-19 Impact And Recovery
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