Herbicides Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Mode of Action, By Crop Type, By Region and Competition, 2020-2030F

Description

Global Herbicides Market was valued at USD 42.15 Billion in 2024 and is expected to reach USD 61.48 Billion by 2030 with a CAGR of 6.49% during the forecast period. Herbicides are specialized chemical substances utilized in both agricultural and non-agricultural settings to effectively control and eradicate unwanted vegetation or weeds. These substances are specifically formulated to disrupt the growth and reproductive processes of plants, thereby facilitating their controlled removal. Herbicides exist in various formulations, such as liquid sprays and granules, and can be administered through different methods like spraying, injecting, or spreading. Continuous advancements in herbicide development focus on enhancing efficacy and minimizing environmental impact.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 42.15 Billion
Market Size 2030	USD 61.48 Billion
CAGR 2025-2030	6.49%
Fastest Growing Segment	Cereals & Grains
Largest Market	North America

Key Market Drivers

Increasing Global Population & Food Demand

The world's population continues to steadily rise, resulting in an ever-increasing demand for food production. This surge in demand has led to the expansion of agricultural activities worldwide, as farmers strive to meet the growing needs. In this context, herbicides have emerged as a crucial tool in modern agriculture, offering an effective means of weed control.

According to the stats published by United Nations, The world's population is more than three times larger than it was in the mid-twentieth century. The global human population reached 8.0 billion in mid-November 2022 from an estimated 2.5 billion people in 1950, adding 1 billion people since 2010 and 2 billion since 1998. The world's population is expected to increase by nearly 2 billion persons in the next 30 years, from the current 8 billion to 9.7 billion in 2050 and could peak at nearly 10.4 billion in the mid-2080s.

Weeds pose a significant threat to crop growth as they compete with cultivated plants for essential resources like water, nutrients, and sunlight. Their presence can significantly reduce overall crop yields, jeopardizing food production and availability. By effectively managing weed infestations, herbicides help farmers maintain the health and productivity of their crops. The strategic use of herbicides not only prevents weed growth but also contributes to higher crop yields. This, in turn, ensures a sufficient and reliable food supply for the ever-expanding global population. With the aid of herbicides, farmers can optimize agricultural practices, enhance food production, and meet the increasing demand for sustenance in a world where population growth shows no signs of slowing down.

Key Market Challenges

High R&D Costs

High research and development (R&D) costs are anticipated to have a detrimental impact on the global demand for herbicides. The process of developing a new herbicide is not only time-consuming but also entails significant financial investment. It involves years of rigorous testing and adherence to stringent regulatory standards to ensure effectiveness and safety. These extensive R&D efforts, coupled with the need for compliance, contribute to the high costs associated with herbicide development.

The burden of these high R&D costs is often passed on to the consumer, resulting in elevated prices for herbicides. Consequently, farmers and other end-users may start exploring more affordable alternatives, such as traditional farming practices or organic weed control methods. This shift towards cheaper options further diminishes the demand for herbicides.

Moreover, the growing emphasis on sustainable agriculture and organic farming practices adds another layer of complexity to the situation. These practices prohibit the use of synthetic herbicides, pushing for more eco-friendly solutions. Consequently, consumers are hesitant to pay premium prices for herbicides, and their preference for eco-friendly farming methods continues to rise. Given these factors, the high R&D costs associated with herbicides pose a significant obstacle to market growth. The need for extensive financial investment and the resulting impact on pricing, coupled with the shift towards sustainable and organic farming practices, significantly curtail the global demand for herbicides.

Key Market Trends

Increase in Demand for Turf & Ornamental Plants

The global demand for herbicides is expected to surge due to the increasing demand for turf and ornamental plants. As the aesthetic appeal of landscapes becomes increasingly appreciated, golf courses, public parks, and private gardens are looking to enhance their green spaces with lush, attractive lawns and decorative plants. This trend, in turn, increases the demand for high-quality turf and ornamentals, requiring efficient maintenance and care. Herbicides play an essential role in this arena. They help ensure the healthy growth of turf and ornamental plants by eliminating harmful weeds that compete for nutrients, water, and sunlight. Furthermore, the expanding urbanization and infrastructural development worldwide are also contributing to this demand. More green spaces are being incorporated into city designs, and residential areas are dedicating spaces for ornamental horticulture. Therefore, the increasing demand for well-maintained, aesthetic green spaces is directly influencing the global herbicides market growth. This trend is set to continue, given the expanding appreciation for aesthetically pleasing landscapes and the importance of green spaces in urban environments.

Key Market Players

BASF SE
Monsanto Company
Bayer AG
Syngenta AG
FMC Corporation
Platform Specialty Products Corporation
Nufarm Limited
Nissan Chemical Industries Ltd.
Drexel Chemical Company
Adama Agricultural Solutions Ltd.

Report Scope:

In this report, the Global Herbicides Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Herbicides Market, By Type:

Glyphosate
Diquat
2,4-Dichlorophenoxyacetic acid
Others

Herbicides Market, By Mode of Action:

Selective
Non-Selective

Herbicides Market, By Crop Type:

Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others

Herbicides Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Herbicides Market.

Available Customizations:

Global Herbicides market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validations
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
3.6. Voice of Customer

4. Global Herbicides Market Outlook

4.1. Market Size & Forecast
- 4.1.1. By Value
4.2. Market Share & Forecast
- 4.2.1. By Type (Glyphosate, Diquat, 2,4-Dichlorophenoxyacetic acid, and Others)
- 4.2.2. By Mode of Action (Selective and Non-Selective)
- 4.2.3. By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others)
- 4.2.4. By Region
- 4.2.5. By Company (2022)
4.3. Market Map

5. North America Herbicides Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Mode of Action
- 5.2.3. By Crop Type
- 5.2.4. By Country
5.3. North America: Country Analysis
- 5.3.1. United States Herbicides Market Outlook
  - 5.3.1.1. Market Size & Forecast
    - 5.3.1.1.1. By Value
  - 5.3.1.2. Market Share & Forecast
    - 5.3.1.2.1. By Type
    - 5.3.1.2.2. By Mode of Action
    - 5.3.1.2.3. By Crop Type
- 5.3.2. Canada Herbicides Market Outlook
  - 5.3.2.1. Market Size & Forecast
    - 5.3.2.1.1. By Value
  - 5.3.2.2. Market Share & Forecast
    - 5.3.2.2.1. By Type
    - 5.3.2.2.2. By Mode of Action
    - 5.3.2.2.3. By Crop Type
- 5.3.3. Mexico Herbicides Market Outlook
  - 5.3.3.1. Market Size & Forecast
    - 5.3.3.1.1. By Value
  - 5.3.3.2. Market Share & Forecast
    - 5.3.3.2.1. By Type
    - 5.3.3.2.2. By Mode of Action
    - 5.3.3.2.3. By Crop Type

6. Europe Herbicides Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Mode of Action
- 6.2.3. By Crop Type
- 6.2.4. By Country
6.3. Europe: Country Analysis
- 6.3.1. Germany Herbicides Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Type
    - 6.3.1.2.2. By Mode of Action
    - 6.3.1.2.3. By Crop Type
- 6.3.2. United Kingdom Herbicides Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Type
    - 6.3.2.2.2. By Mode of Action
    - 6.3.2.2.3. By Crop Type
- 6.3.3. Italy Herbicides Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecasty
    - 6.3.3.2.1. By Type
    - 6.3.3.2.2. By Mode of Action
    - 6.3.3.2.3. By Crop Type
- 6.3.4. France Herbicides Market Outlook
  - 6.3.4.1. Market Size & Forecast
    - 6.3.4.1.1. By Value
  - 6.3.4.2. Market Share & Forecast
    - 6.3.4.2.1. By Type
    - 6.3.4.2.2. By Mode of Action
    - 6.3.4.2.3. By Crop Type
- 6.3.5. Spain Herbicides Market Outlook
  - 6.3.5.1. Market Size & Forecast
    - 6.3.5.1.1. By Value
  - 6.3.5.2. Market Share & Forecast
    - 6.3.5.2.1. By Type
    - 6.3.5.2.2. By Mode of Action
    - 6.3.5.2.3. By Crop Type

7. Asia-Pacific Herbicides Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Mode of Action
- 7.2.3. By Crop Type
- 7.2.4. By Country
7.3. Asia-Pacific: Country Analysis
- 7.3.1. China Herbicides Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
    - 7.3.1.2.2. By Mode of Action
    - 7.3.1.2.3. By Crop Type
- 7.3.2. India Herbicides Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
    - 7.3.2.2.2. By Mode of Action
    - 7.3.2.2.3. By Crop Type
- 7.3.3. Japan Herbicides Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
    - 7.3.3.2.2. By Mode of Action
    - 7.3.3.2.3. By Crop Type
- 7.3.4. South Korea Herbicides Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
    - 7.3.4.2.2. By Mode of Action
    - 7.3.4.2.3. By Crop Type
- 7.3.5. Australia Herbicides Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type
    - 7.3.5.2.2. By Mode of Action
    - 7.3.5.2.3. By Crop Type

8. South America Herbicides Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Mode of Action
- 8.2.3. By Crop Type
- 8.2.4. By Country
8.3. South America: Country Analysis
- 8.3.1. Brazil Herbicides Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
    - 8.3.1.2.2. By Mode of Action
    - 8.3.1.2.3. By Crop Type
- 8.3.2. Argentina Herbicides Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
    - 8.3.2.2.2. By Mode of Action
    - 8.3.2.2.3. By Crop Type
- 8.3.3. Colombia Herbicides Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
    - 8.3.3.2.2. By Mode of Action
    - 8.3.3.2.3. By Crop Type

9. Middle East and Africa Herbicides Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Mode of Action
- 9.2.3. By Crop Type
- 9.2.4. By Country
9.3. MEA: Country Analysis
- 9.3.1. South Africa Herbicides Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
    - 9.3.1.2.2. By Mode of Action
    - 9.3.1.2.3. By Crop Type
- 9.3.2. Saudi Arabia Herbicides Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
    - 9.3.2.2.2. By Mode of Action
    - 9.3.2.2.3. By Crop Type
- 9.3.3. UAE Herbicides Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type
    - 9.3.3.2.2. By Mode of Action
    - 9.3.3.2.3. By Crop Type

10. Market Dynamics

10.1. Drivers
10.2. Challenges

11. Market Trends & Developments

11.1. Recent Development
11.2. Mergers & Acquisitions
11.3. Product Launches

12. Global Herbicides Market: SWOT Analysis

13. Porter's Five Forces Analysis

13.1. Competition in the Industry
13.2. Potential of New Entrants
13.3. Power of Suppliers
13.4. Power of Customers
13.5. Threat of Substitute Products

14. Competitive Landscape

14.1. BASF SE
- 14.1.1. Business Overview
- 14.1.2. Service Offerings
- 14.1.3. Recent Developments
- 14.1.4. Key Personnel
- 14.1.5. SWOT Analysis
14.2. Monsanto Company
14.3. Bayer AG
14.4. Syngenta AG
14.5. FMC Corporation
14.6. Platform Specialty Products Corporation
14.7. Nufarm Limited
14.8. Nissan Chemical Industries Ltd.
14.9. Drexel Chemical Company
14.10. Adama Agricultural Solutions Ltd.