According to the new market research report by IndustryARC titled “Weed Control Market By Approach (Chemical Herbicides, Biological, Mechanical); By End-Use (Agriculture, Non-Crop); &Geography – Forecast (2018-2023)”, the market is driven by the increasing pressure to improve the crop yield for meeting the demands for food, fuel and fibre.
Asia Pacific to have a major share in the Weed Control Market
Asia Pacific will generate $11, 476. 47 million by 2023 growing at a CAGR of 4.8%. China dominates the Weed Control Market in Asia Pacific, followed by Australia, New Zealand, and Japan. India is expected to be the fastest growing region in the coming years. China ranks at the top in the production of rice, potatoes, tomato, sorghum, peanuts, cotton, and soy bean. It is self-reliant in supply due its huge production of pesticides. Bio pesticides have become popular in China due to growing number of registrations and approvals. The turf grass industry in China is growing rapidly due to the increasing needs for landscaping, which drives the growth of the weed killer.
Selected Analysis done in the full Report:
In 2017, the Agriculture segment reached $25,265.7 million. It is expected to generate $32,145 million by 2023 at a CAGR of 3.5%. It is an important sector for many economies. In recent times, the agricultural practices and technologies have improved in terms of yield. Pesticides are responsible for the growth in the yield in modern agriculture along with farm mechanization, GM crops, and corporate farming. Non-use of the herbicides can cause severe crop loss due to the fast spreading nature of weeds. In agriculture, weed control is carried out by crop specific and non-specific herbicides. The herbicide usage rate has an impact on the prevalence of lawn weeds and losses due to weeds.
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Excerpts on Market Growth Factors
The need for higher crop yield and decrease in arable lands drives the growth of weed control.
Emphasis on public greenery and in developed countries enhances the demand for a strong weed killer.
Emphasis on pest and weed management leads to more demand for weed control in the coming years.
Key players of the Weed Control Market
Dow-DuPont, Syngenta-ChemChina, and Monsanto-Bayer are expected to dominate the Weed Control Market. Du Pont has its business in segments such as agriculture, nutrition and health, performance chemicals, and performance materials. Syngenta has increased its operational efficiency by the simplification of the manufacturing processes and reduction of the costs through lean manufacturing. Bayer and Monsanto have announced their agreement on the company acquiring Monsanto.
Weed Control Market is segmented as below
Increasing pressure to improve the crop yield to meet food, fibre, and fuel demand will drive the demand for the lawn fertilizer in the coming years.
A. Weed Control Market By Approach
1. Chemical Herbicides
2 . Biological
B. Weed Control Market By End User
1.1. Cereals & Grains
1.2 .Fruits & Vegetables
1.3 Oilseeds & Pulses
1.4. Other Crops
C. Weed Control Market by Geography (covers 37+ countries)
D. Weed Control Market Entropy
Companies Citied / Interviewed
1. BASF SE
2. SYNGENTA AG
3. DOW CHEMICAL COMPANY
4. BAYER CROPSCIENCE AG
5. ADAMA AGRICULTURAL SOLUTIONS LTD
7. MONSANTO COMPANY
8. NUFARM LIMITED
9. OHP, INC.
10. VALENT BIOSCIENCES CORPORATION
11. ROTAM CROPSCIENCES LTD
12. DREXEL CHEMICAL CO.
13. NISSAN CHEMICAL INDUSTRIES, LTD
14. FMC CORPORATION
15. Company 15+
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.