Herbicides Market : Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2023
180 Page Report
Cereals and Grains to Drive Demand for Herbicides Globally,
Market Poised to Breach US$38 bn mark by 2023
Transparency Market Research
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Transparency Market Research has published a new report titled “Herbicides Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global
herbicides market was valued at US$ 22.31 Bn in 2014 and is likely to reach US$ 38.30 Bn in 2023,
expanding at a CAGR of 6.2% between 2015 and 2023.
Herbicides are used to prevent or control unwanted weed growth. These are basically synthetic chemicals
that can be used individually or in combination with each other. Herbicides could be selective for specific
targets or non-selective with broad spectrum. Herbicides affect growth and development of weeds at the
tissue and cellular level. Herbicides can be photosynthesis inhibitors, shoot growth inhibitors, root growth
inhibitors, amino acid synthesis inhibitors, pigment synthesis inhibitors, and others.
Rapid rise in demand for grains due to increasing population is expected to drive growth of the herbicides
market globally. Additionally, increasing usage of genetically modified (GM) crops is anticipated to boost
the herbicides market during the forecast period. However, growth in the organic agriculture industry that
uses biological methods for crop protection is projected to hamper the herbicides market in the next few
years. Stringent regulations imposed by environmental protection agencies and ban on herbicide products
are also anticipated to...