by The Weed Control Market is estimated to be valued at US$ 30.33 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Weed control involves controlling unwanted plants or weeds from growing in agricultural fields and damaging crop yield. The common methods of weed control include mechanical weeding, biological weeding, and chemical weeding. Herbicides are widely used for chemical weeding as they are effective in killing weeds selectively without damaging crops. Herbicides can be applied as pre-emergent or post-emergent based on the crop growth stage. With rising commercial agriculture and awareness about weed management, the weed control market is growing steadily.
Market Dynamics:
The weed control market is driven by the growing adoption of herbicides for commercial crop production. Herbicides provide effective and efficient weed control and help increase crop yield. For instance, glyphosate-based herbicides are widely used globally due to their broad-spectrum weed control property. In addition, advancements in herbicide-resistant crops are also fueling the demand. Genetically modified crops made resistant to certain herbicides through biotechnology allow farmers to apply post-emergent herbicides for weed control without damaging crops. This has increased herbicide usage. Furthermore, the growing organic farmland is creating opportunities for weed control through mechanical and biological methods. Companies are focusing on developing innovative weed control solutions like bioherbicides and precision spraying technologies to cater to organic farmers.
Segment Analysis:
The weed control market can be segmented into chemical and non-chemical methods. The chemical segment currently dominates the market, owing to its effectiveness and affordability. Herbicides make up the bulk of the chemical segment and are widely used for agricultural and non-agricultural applications due to their ability to efficiently control a wide range of weeds.
PEST Analysis:
Political: Stringent regulations regarding the use of certain herbicides present challenges for market players. However, government support for sustainable weed control is a tailwind.
Economic: The agriculture sector is a major growth driver as effective weed control is crucial for maximizing crop yields. Population growth and rising global food demand increase the need for agricultural output.
Social: Concerns around herbicide residues in food and the environment have boosted demand for non-chemical and organic solutions. However, chemical herbicides remain widely accepted currently.
Technological: Advancements in herbicide formulation provide more targeted and environmentally-friendly options. Automation, AI and IoT also present opportunities for precise application.
Key Takeaways:
The Global Weed Control Market Growth is expected to witness high , exhibiting CAGR of 5.8% over the forecast period, due to increasing global food demand amid rising population. The market size is projected to reach US$ 52.27 Bn by 2030 from US$ 30.33 Bn in 2023.
On a regional basis, Asia Pacific is expected to dominate the global market owing to large agricultural output from countries such as India and China. Government initiatives to promote sustainably-grown crops also support market growth. North America and Europe are other major markets, while growth in Latin America and MEA is expected to be boosted by increasing cultivation areas.
Key players operating in the weed control market are Bayer AG, BASF SE, Syngenta AG (now owned by ChemChina), Corteva Agriscience, FMC Corporation, Nufarm Limited, Dow AgroSciences (part of Corteva Agriscience), UPL Limited, Adama Agricultural Solutions (part of Syngenta Group), AMVAC Chemical Corporation, Valent U.S.A. (part of Sumitomo Chemical), Isagro S.p.A., Marrone Bio Innovations, Albaugh LLC, Drexel Chemical Company. Bayer AG dominates the market and is focusing on developing novel bioherbicides and precision agriculture tools for sustainable weed control.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
