Herbicides Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2023
180 Page Report
Escalating Need for Food to Fuel Higher Demand for
Herbicides, Reports TMR
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Herbicides Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
The competitive landscape of the global herbicides market is characterized by its fragmented structure. In
2014, the top five players, namely, Syngenta AG, BASF SE, Bayer CropScience AG, Dow AgroSciences LLC,
and ADAMA Agricultural Solutions Ltd. held just about 53% of the overall market, finds a report by
Transparency Market Research (TMR).
The leading herbicide producers demonstrate a high degree of integration, which has strengthened their
position in this market. However, the shifting focus of players towards increasing their reach through mergers
and acquisitions is likely to alter the current scenario in the years to come. Besides, the dynamics of this
market are also expected to be affected in the near future due accelerating competition, fueled by the increase
in research and development activities.
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Need for Enhanced Crop Yields to Create Demand for Herbicides
“The continual rise in the global population base has created a massive need for food, specifically in highly
dense economies such as India, China, and several countries in Africa. The low crop yield, caused by limited
availability of arable land, rapid depletion of soil water, fluctuating climatic conditions, and frequent pest
attacks, has worsened the...