Global Herbicides Market Growth Opportunities 2022-2025: Herbicide Resistance in Weeds Will Promote Demand for New Herbicide Formulations – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Herbicides Market 2022-2025” report has been added to ResearchAndMarkets.com’s offering.
Global demand for formulated herbicides is expected to rise 3.3% per year to $39.9 billion in 2025; over the same period, demand for herbicide active ingredients is projected to increase 2.2% per year to 4.0 million metric tons.
Gains will be primarily supported by rising demand from the dominant agricultural market due to:
- greater herbicide resistance in weed populations
- increasingly intensive agricultural practices in Central and South America and the Asia/Pacific region
- improved access to newer, improved herbicide formulations and herbicide use education in developing markets
The best opportunities for nonagricultural herbicides are expected in countries with expanding middle classes and increasing cultural emphasis on attractive outdoor spaces.
Herbicide Resistance in Weeds Will Promote Demand for New Herbicide Formulations
Decades of herbicide overapplication in nearly every major market have contributed to the proliferation of weed populations that are highly resistant to herbicides, including glyphosate, the dominant herbicide active ingredient. To combat these weeds, pesticide users will have 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 blends.
Evolving Agricultural Practices Will Support Shift in Herbicide Product Mix
With demand for agricultural products for food, fuel, and other uses continuing to rise, and overall global cropland area projected to remain nearly flat, agricultural production per hectare is expected to continue to increase – necessitating increased investment in agricultural inputs such as herbicides. Additionally, efforts to make agriculture somewhat more environmentally friendly will continue to support demand for herbicides used in applications such as no-till agriculture, which utilizes herbicides for pre-planting weed control in order to reduce erosion.
Lawn & Garden Applications Impacted by COVID-19 Pandemic & Shifting Cultures
Non-agricultural herbicide markets will remain highly diverse, with the US continuing to account for by far the largest share of these segments. After a decrease in professional lawn and garden residential services and an increase in do-it-yourself (DIY) gardening in the US in 2020 – when many consumers were spending more time at home – the US commercial and consumer markets are expected to shift slightly back to pre-pandemic trends. In other countries, rising personal incomes will support increased spending on gardening as a hobby. Additionally, 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.
Key Topics Covered:
- Overview
- Historical Market Trends
- Demand by Region
- Leading Country Markets
- Fastest Growing Country Markets
- Pricing Trends
- Production by Region
- International Trade
- Market Share & Leading Producers
- Markets
- Active Ingredients
- North America
- Central & South America
- Western Europe
- Eastern Europe
- Asia/Pacific
- Africa/Mideast
For more information about this report visit https://www.researchandmarkets.com/r/j28o7h
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