This market is projected to reach a value of $29,976.1 million by 2019, at a CAGR of 6.2% from 2014 to 2019.
Herbicides are pesticides used to kill unwanted plants. Increasing demand for agricultural products and decreasing arable land are driving the global herbicides market. Other reasons for the growth of this market are the profitability margin in this segment, adoption of modern farming & protected agriculture, change in farming practices & technology, and high returns on investments.
The global market for herbicides is dominated by a few large multinational corporations such as Syngenta (Switzerland), BASF (Germany), Monsanto Company (U.S.), DuPont (U.S.), and Dow AgroSciences (U.S.). These participants together accounted for the major share of herbicides market in 2013. Agreements, partnerships, and collaborations are the most common strategies followed by these companies, which are predicted to give a new dimension to this market from 2014 to 2019.
The size of the herbicides market was derived by forecasting techniques based on segments of the entire market, such as crop types and trade between various geographical regions. The major market players were derived through secondary research and their market revenue was determined through both primary and secondary research, which includes the study of annual reports of top market players and interviews with key opinion leaders such as CEOs, directors, and marketing personnel.
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Market Analysis Of Herbicides Market
6 Industry Analysis Of Herbicides Market
7 Herbicides Market, By Type
8 Herbicides Market, By Mode Of Action
9 Herbicides Market, By Crop Type
10 Herbicides Market, By Geography
11 Competitive Landscape
12 Company Profiles