International Demand

Global Herbicide Market Growth Opportunities 2022-2025: Herbicide Resistance in Weeds Will Drive Demand for New Herbicide Formulations – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Global Herbicides Market 2022-2025” has been added to from ResearchAndMarkets.com offer.

Global demand for formulated herbicides is expected to increase by 3.3% per year to reach $39.9 billion in 2025; over the same period, demand for herbicidal active ingredients is expected to increase by 2.2% per year to reach 4.0 million metric tons.

Gains will be mainly supported by increased demand from the dominant agricultural market due to:

  • greater resistance to herbicides in weed populations

  • increasingly intensive agricultural practices in Central and South America and the Asia/Pacific region

  • improving access to newer and improved herbicide formulations and education on herbicide use in developing markets

The best opportunities for non-agricultural herbicides are expected in countries with growing middle classes and growing cultural emphasis on attractive outdoor spaces.

Weed resistance to herbicides will drive demand for new herbicide formulations

Decades of overapplication of herbicides in nearly every major market has contributed to the proliferation of weed populations that are highly resistant to herbicides, including glyphosate, the dominant active ingredient in herbicides. To control these weeds, pesticide users will need to continue to increase the number of herbicide applications in a season or turn to improved herbicide formulations. Many new herbicide formulations are more expensive and include multiple active ingredients and improved adjuvant mixtures.

Changing farming practices will support change in herbicide product mix

As the demand for agricultural products for food, fuel and other uses continues to increase, and the overall area of ​​cultivated land is expected to remain almost stable, agricultural production per hectare is expected to continue to increase, which will require increased investment in agricultural inputs such as herbicides. Additionally, efforts to make farming a little more environmentally friendly will continue to drive demand for herbicides used in applications such as no-till farming, which uses herbicides for weed control before planting to reduce erosion.

Lawn and garden applications impacted by the COVID-19 pandemic and changing crops

Markets for non-agricultural herbicides will remain highly diversified, with the United States continuing to account for by far the largest share of these segments. After a decline in professional residential lawn and garden services and an increase in do-it-yourself (DIY) gardening in the United States in 2020 – as many consumers spent more time at home – commercial and consumer markets Americans are expected to change slightly back to pre-pandemic trends. In other countries, rising personal incomes will support increased spending on gardening as a hobby. In addition, increasingly urban populations and an emphasis on tourism in many developing countries will continue to support greater investment in the beautification of urban green spaces.

Main topics covered:

  • Overview
    • Historical market trends

    • Demand by region

    • Main national markets

    • Fastest Growing National Markets

    • Price trends

    • Production by region

    • International exchange

    • Market share and main producers

  • Markets
  • Active ingredients
  • North America
  • Central and South America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Africa/Middle East

For more information about this report visit https://www.researchandmarkets.com/r/j28o7h

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