The Latest Herbicides Industry Statistics Explained
The global herbicides market size was valued at USD 30 billion in 2017.
The statistic indicates that in 2017, the global herbicides market was estimated to be worth USD 30 billion, representing the total value of herbicides sold worldwide during that year. This figure reflects the significance of herbicides in the agricultural industry, where these chemicals are commonly used to control unwanted vegetation and pests that can negatively impact crop yields. The market size indicates the scale of demand for herbicides across various regions, highlighting the substantial economic impact of herbicide sales on the agriculture sector globally in 2017.
The herbicides market is predicted to reach USD 38.8 billion by 2025.
This statistic indicates that the herbicides market is projected to grow significantly, with an estimated value of USD 38.8 billion by the year 2025. This suggests a strong demand for herbicides in agriculture and other sectors, driving market expansion over the forecast period. Factors such as increasing population, rising food demand, and the need for higher crop yields are likely contributing to this growth trend. The predicted market value provides valuable insight for businesses, investors, and policymakers in understanding the potential opportunities and challenges within the herbicides industry in the coming years.
Asia Pacific region accounted for 25% of the total market share in the herbicide industry in 2017.
The statistic indicates that in 2017, the Asia Pacific region held a significant portion of the market share in the herbicide industry, specifically accounting for 25% of the total market share. This suggests that herbicide products were relatively popular and in demand in the Asia Pacific region compared to other regions. The statistic implies that the Asia Pacific region was a key player in the herbicide market during that particular year, potentially due to factors such as agricultural practices, regulatory environment, and crop management strategies in the region. It highlights the region’s importance in the global herbicide industry landscape and provides insight into regional market dynamics and trends related to herbicide consumption.
The Glyphosate herbicide type accounted for over 30% of global herbicide revenue in 2016.
The statistic indicates that in 2016, Glyphosate herbicide, a widely used agricultural herbicide, accounted for more than 30% of total global herbicide revenue. This suggests that Glyphosate herbicide was a dominant player in the herbicide market, reflecting its popularity and widespread usage among farmers and in various agricultural practices. The significant market share held by Glyphosate herbicide highlights its importance in modern agricultural systems and its economic impact on the herbicide industry. This statistic underscores the reliance on Glyphosate herbicide within the agricultural sector and its substantial contribution to the overall revenue generated from herbicides globally in 2016.
The cereals and grains segment dominated the use of herbicides, accounting for 39.9% share of the total market in 2017.
This statistic indicates that within the herbicides market in 2017, the cereals and grains segment was the largest contributor, capturing a significant share of 39.9%. This suggests that a substantial portion of herbicides sold and used during that period were specifically for cereals and grains crops. This dominance of the cereals and grains segment may be attributed to factors such as the widespread cultivation of these crops, the need for effective weed control in these fields, and the impact of pest management practices within the agriculture industry. The high market share of herbicides in the cereals and grains segment underscores the importance of herbicide use in maintaining crop productivity and highlights the sector’s reliance on effective weed management strategies.
The global demand for bioherbicides is expected to grow at a CAGR of 15.9% from 2017 to 2025.
This statistic indicates the Compound Annual Growth Rate (CAGR) for the global demand of bioherbicides, a type of herbicide derived from natural materials or microorganisms. The estimated CAGR of 15.9% suggests a steady and substantial increase in demand for bioherbicides over the specified timeframe from 2017 to 2025. This growth rate signifies a robust market trend towards the adoption of bioherbicides as an alternative to synthetic chemical herbicides, likely driven by increasing awareness of environmental concerns, sustainable agriculture practices, and regulatory restrictions on synthetic pesticides. The projection of a high CAGR implies significant opportunities for market expansion, innovation, and investment in the bioherbicide industry over the coming years.
In 2016, more than 86% of corn, upland cotton, and soybeans planted in the U.S. were genetically engineered herbicide-resistant crops.
This statistic indicates that in 2016, a significant majority (over 86%) of the corn, upland cotton, and soybeans planted in the United States were genetically modified to be herbicide-resistant. This means that these crops were engineered to tolerate specific herbicides, allowing for easier weed control. The widespread adoption of genetically engineered herbicide-resistant crops highlights the importance of biotechnology in modern agriculture and its role in enhancing crop productivity and sustainability. The high percentage also suggests that farmers find value in these genetically modified crops due to their potential benefits, such as increased yields and more efficient farming practices.
Herbicides market in North America is expected to reach USD 7.32 billion by 2025.
This statistic indicates that the herbicides market in North America is projected to grow significantly, with the total market value expected to reach USD 7.32 billion by 2025. This suggests a notable increase in the demand for herbicides in the region, likely driven by factors such as expanding agriculture industry, evolving farming practices, and the need for effective weed control solutions. The growth in the herbicides market signifies opportunities for herbicide manufacturers and suppliers to capitalize on this trend and cater to the rising demand for agricultural chemicals in North America.
Europe is expected to be the second-largest market for herbicides by 2025, with a predicted value of more than USD 6 billion.
The statement indicates that in the year 2025, Europe is projected to become the second-largest market for herbicides, with an estimated market value exceeding USD 6 billion. This statistic suggests a significant demand for herbicides in Europe, potentially driven by factors such as agricultural practices, pest management strategies, and regulatory frameworks. The predicted value of more than USD 6 billion reflects the anticipated economic activity related to herbicide sales in the region, highlighting the importance of herbicides in the agricultural industry in Europe. The statistic points towards a growing market for herbicides in Europe and underscores the role of herbicides in crop protection and productivity in the region.
The Latin American herbicides market is expected to surpass USD 3 billion by 2025.
The statistic “The Latin American herbicides market is expected to surpass USD 3 billion by 2025” implies that there is a projected growth in the market value of herbicides in Latin America over the coming years. This forecast suggests that the demand for herbicides in the region is likely to increase, leading to a substantial market size exceeding USD 3 billion by 2025. The growth may be attributed to several factors such as increasing agricultural activities, adoption of modern farming practices, and the need for crop protection against weeds. This statistic serves as an important indicator of the economic potential and significance of the herbicides market in Latin America in the foreseeable future.
In 2018, the African herbicide industry grew by 6.1%.
The statistic ‘In 2018, the African herbicide industry grew by 6.1%’ indicates that within the specified year, the total output or revenue generated by the African herbicide industry increased by 6.1% compared to the previous year. This growth rate suggests a positive trend in the industry, reflecting an expansion in either production levels or demand for herbicides within the African market. Such growth can be influenced by various factors such as increased agricultural activities, adoption of modern farming techniques, changing pest patterns, or advancements in herbicide technologies. Overall, this statistic highlights a notable increase in the herbicide sector’s performance in Africa during 2018.
The global herbicides market was over 8.2 billion liters in 2017 and is expected to expand with a CAGR of over 4% through 2025.
The statistic indicates that the global herbicides market reached a volume of over 8.2 billion liters in 2017 and is projected to grow at a compound annual growth rate (CAGR) of over 4% from 2017 to 2025. This suggests a steady increase in the consumption of herbicides over the forecast period. The rising demand for herbicides can be attributed to factors such as the growing adoption of modern farming practices, increasing need for higher crop yields to meet the demands of a growing population, and the prevalence of pests and weeds that threaten crop productivity. The expected expansion of the herbicides market signifies ongoing developments in agriculture and highlights the pivotal role herbicides play in ensuring global food security and agricultural sustainability.
The global herbicides demand in terms of volume is projected to exceed 955 kilo tons by 2020.
The statistic indicates that the global demand for herbicides, measured in terms of volume, is expected to surpass 955 kilo tons by the year 2020. This projection suggests a significant increase in the amount of herbicides that will be utilized globally for agricultural purposes, such as weed control. The rising demand for herbicides may be attributed to factors like the expanding agricultural industry, the need to increase crop yields, and the prevalence of weed resistance in many regions. This statistic underscores the importance of herbicides in modern agriculture and highlights the continued reliance on these chemical compounds to maintain crop productivity and food security on a global scale.
The production of herbicides in the Middle East & Africa is expected to increase by 6.2% by 2023.
This statistic indicates that there is projected to be a 6.2% increase in the production of herbicides in the Middle East & Africa region by 2023. This suggests a significant growth trend in the herbicide industry within this geographic area over the specified timeframe. Such an increase could be influenced by factors such as growing agricultural activities, increased demand for herbicides due to rising pest infestations or weed problems, advancements in herbicide technologies, or expanding markets for agricultural products. This statistic offers valuable insights for stakeholders in the agriculture and herbicide industries, enabling them to prepare for potential opportunities and challenges that may arise as a result of this expected growth.
The Bioherbicides market is projected to grow at a CAGR of 18.9% between 2022 to 2025.
The statistic indicates that the Bioherbicides market, which refers to herbicides derived from natural materials such as plants, microorganisms, and biochemicals, is expected to experience a Compound Annual Growth Rate (CAGR) of 18.9% from the year 2022 to 2025. This growth projection suggests a significant upward trend in market size and demand for bioherbicides over the specified period. A CAGR of 18.9% signifies a high growth rate, showcasing potential opportunities for market expansion, adoption of eco-friendly alternatives to chemical herbicides, and increasing awareness about sustainable agricultural practices. The projection implies that the bioherbicides market is anticipated to witness substantial development and investment, driven by factors such as environmental concerns, regulatory push towards safer agricultural practices, and growing demand for organic products.
In India, the consumption of herbicides grew by 14.4% in 2019.
The statistic “In India, the consumption of herbicides grew by 14.4% in 2019” indicates that there was a significant increase in the usage of herbicides within the country during that year. A growth rate of 14.4% suggests a substantial rise in the amount of herbicides being used for agricultural purposes, weed control, or other applications. This increase could be influenced by factors such as the expansion of agricultural land, changes in farming practices, pest resistance, or government policies promoting herbicide use. The statistic highlights a shift towards greater reliance on herbicides in India’s agricultural sector and may have implications for environmental sustainability, human health, and food production practices in the country.
Glyphosate, a common herbicide, accounted for 31.4% of the world pesticide market in 2018.
The statistic that glyphosate accounted for 31.4% of the world pesticide market in 2018 indicates the substantial presence and influence of this herbicide in the global agricultural sector. Glyphosate, known for its effectiveness in weed control, has maintained a significant market share due to its wide usage in various crops and regions. This statistic highlights the popularity of glyphosate among farmers and agricultural industries, showcasing its dominance as a preferred pesticide choice worldwide. Additionally, it suggests the economic importance and market value of glyphosate within the overall pesticide industry, emphasizing its pervasive impact on modern agriculture practices.
Herbicides represented 46.6% of the total global pesticide market by value in 2018.
The statistic “Herbicides represented 46.6% of the total global pesticide market by value in 2018” indicates that herbicides, which are chemicals used to control or eliminate unwanted plants, accounted for a significant portion of the overall pesticide market in terms of financial value in the year 2018. This suggests that herbicides are a prominent category within the pesticide industry, reflecting their widespread use in agriculture and other sectors. The statistic highlights the economic importance and demand for herbicides compared to other types of pesticides such as insecticides or fungicides, showcasing the emphasis on weed control and crop protection in global agricultural practices during that period.
Conclusion
The herbicides industry statistics provide valuable insights into the trends and performance of this important sector. By analyzing data on market size, revenue, usage patterns, and key players, we can better understand the dynamics shaping the herbicides market. These statistics are crucial for industry professionals, policymakers, and researchers looking to make informed decisions and drive innovation in the field of herbicides.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.globenewswire.com
2. – https://www.www.gminsights.com
3. – https://www.www.ers.usda.gov
4. – https://www.www.prnewswire.com
5. – https://www.marketresearch.biz
