Escalating Need for Food to Fuel Higher Demand for Herbicidee.Pdf

Transparency Market

Research

Herbicides Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2015 - 2023

Published Date

12-Oct-2015

180 Page Report

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Escalating Need for Food to Fuel Higher Demand for Herbicides, Reports TMR

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Herbicides Market

REPORT DESCRIPTION

Herbicides Market - Global Industry Analysis, Size, Share, Growth,

Trends and Forecast 2015 – 2023

The competitive landscape of the global herbicides market is characterized by its fragmented structure. In

2014, the top five players, namely, Syngenta AG, BASF SE, Bayer CropScience AG, Dow AgroSciences LLC,

and ADAMA Agricultural Solutions Ltd. held just about 53% of the overall market, finds a report by

Transparency Market Research (TMR).

The leading herbicide producers demonstrate a high degree of integration, which has strengthened their

position in this market. However, the shifting focus of players towards increasing their reach through mergers

and acquisitions is likely to alter the current scenario in the years to come. Besides, the dynamics of this

market are also expected to be affected in the near future due accelerating competition, fueled by the increase

in research and development activities.

Need for Enhanced Crop Yields to Create Demand for Herbicides

“The continual rise in the global population base has created a massive need for food, specifically in highly

dense economies such as India, China, and several countries in Africa. The low crop yield, caused by limited

availability of arable land, rapid depletion of soil water, fluctuating climatic conditions, and frequent pest

attacks, has worsened the situation across the world,” states an analyst.

Farmers and agriculturists are increasingly utilizing herbicides to enhance the productivity as well as the...