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Adoption of Better Farming Practices Globally Drives #Herbicides Market

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The herbicides market is segmented on the basis of type, mode of action, crop type, and region.The global herbicides market is driven by factors such as adoption of better farming practices and rise in production of cereals & grains, especially in Asia-Pacific region. The emergence of stronger agricultural growth in the Asia-Pacific and South American regions has resulted in increased usage of herbicides to control weeds.

The global herbicides market is estimated at USD 27.21 Billion in 2016 and is projected to reach USD 39.15 Billion by 2022, at a CAGR of 6.25% during the forecast period.

The key players identified have a strong presence in the global herbicides market. These include BASF SE (Germany), The Dow Chemical Company (U.S.), E.I. du Pont de Nemours & Company (U.S.), Monsanto Company (U.S.), and Syngenta AG (Switzerland), FMC Corporation (U.S.), Platform Specialty Products Corporation (U.S.), Nufarm Ltd. (Australia), Nissan Chemical Industries Ltd. (Japan), and Drexel Chemical Co. (U.S.).

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