Herbicides Market Size, Share, Trends, Growth and Forecast 2032

Herbicides are chemical compounds that are employed to suppress or eradicate undesirable plants, which are frequently referred to as weeds. They are a form of pesticide that is specifically engineered to target and eliminate vegetation that competes with crops, lawns, or other desirable plants for nutrients, water, and sunlight. Selective herbicides are those that target specific types of plants, while non-selective herbicides affect a broad range of vegetation.

The demand for increased agricultural productivity is on the rise as the global population increases. Herbicides assist farmers in optimizing crop yields by managing plants, thereby assisting in the fulfillment of the increasing food demand.

Zion Market Research has published a report on the global Herbicides Market, estimating its value at USD 32.11 Billion in 2023, with projections indicating that it will reach USD 55.37 Billion by 2032.

The market is expected to expand at a compound annual growth rate (CAGR) of 6.24% over the forecast period 2024-2032.

North America contributed the largest market share in the herbicides market, which is followed by Europe and Asia-Pacific region. Asia-Pacific is the fastest growing region owing to the higher demand for herbicides in terms of production and consumption. 

Valent Biosciences Corp, Chemtura Corporation, Nufarm Limited, Cheminova A/S, FMC Corporation, Wilbur-Ellis Company, Syngenta AG, and Monsanto Company. Other players influencing the global market are Marrone Bio Innovations Inc., BASF, E.I. Dupont De Nemours & Company, Drexel Chemical Company, Dow Chemical Company, and Nissan Chemical Industries Ltd