Herbicide is fastest growing segment fueling the growth of Weed Control Market
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| Weed Control Market |
The global Weed Control Market is estimated to be valued at US$ 30.33 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Weeds control includes the use of herbicides, mechanical or manual control
methods to limit the growth of weeds. Weed control is important for boosting
agricultural productivity by reducing crop losses and increasing crop yield.
Herbicides provide effective and economic weed control in crops.
Market key trends:
One of the key trends in the weed control market is the rising demand for
bio-based and organic herbicides. Conventional synthetic herbicides are being
replaced by safer and environment-friendly bioherbicides. Bioherbicides utilize
microorganisms such as fungi, bacteria, and viruses to control weeds instead of
chemical herbicides. They are less toxic than synthetic herbicides and do not
pollute the soil or water. The growing consumer preference for organic food is
propelling the demand for organic herbicides worldwide. Food safety, health,
and environmental protection concerns are fueling the adoption of bio-based and
organic solutions for weed control.
Segment Analysis
The weed
control market size is dominated by the herbicides segment. Herbicides
account for over 80% of the total weed control market owing to their
effectiveness in killing weeds without damaging crops. Within herbicides, the
glyphosate sub-segment dominates due to its effectiveness against a broad
spectrum of weeds and relatively low cost.
Key Takeaways
The global weed control market is expected to witness high growth,
exhibiting CAGR of 5.8% over the forecast period, due to increasing pressure on
global food supply amid rising population.
Regional analysis
North America dominated the global weed control market in 2023, accounting
for over 35% of the total market share owing to widespread adoption of modern
agricultural practices in countries like the US and Canada. Asia Pacific is
expected to be the fastest growing market during the forecast period due to
increasing awareness about yield maximization and large cultivable area in
countries like India and China.
Key players
Key players operating in the weed control market are Bayer AG, BASF SE,
Syngenta AG, Corteva Agriscience, FMC Corporation, Nufarm Limited, Dow
AgroSciences, UPL Limited, Adama Agricultural Solutions, AMVAC Chemical
Corporation, Valent U.S.A., Isagro S.p.A., Marrone Bio Innovations, Albaugh
LLC, and Drexel Chemical Company. Bayer AG dominated the global market in 2023
owing to its wide product portfolio and strong distribution network worldwide.
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