How big is the Herbicide Market?
According to 6Wresearch internal database and industry insights, the Global herbicide market was valued at approximately USD 37 billion in 2024 and is projected to reach USD 51 billion by 2031, growing at a CAGR of 4.70% during the forecast period.
This growth is driven by rising global food demand, increased adoption of modern farming practices, and the need for higher crop yields.
Key Growth Drivers of the Herbicide Market
- Expanding agricultural land and crop cultivation
- Rising labor costs leading to mechanized and chemical weed control
- Growing awareness of crop protection and yield improvement
- Development of selective herbicides for targeted weed control
- Government initiatives promoting modern agricultural techniques
Herbicide Market Trends
The herbicide market is witnessing a shift towards bio-based and eco-friendly formulations due to environmental concerns and regulatory pressures. Precision farming and herbicide-tolerant crops are being increasingly adopted. Integrated weed management practices combining mechanical and chemical methods are gaining traction. The use of drone-based herbicide spraying and smart application technologies is also on the rise, aiming to reduce overuse and improve efficiency.
Emerging Developments in the Herbicide Market
Manufacturers are spending on development of herbicides of low toxicity and residue. Newer technology developments such as nano-herbicides and encapsulated compositions are improving delivery and performance of targeting. AI-driven weed detection and robotic sprayers are being considered by startups and giant producers of agrochemicals. No-till farming systems are demonstrating an increment in demand of post-emergent and non-selective herbicides. Besides, there is the emergence of companies seeking regulatory approvals of new active ingredients possessing larger weed spectrum control, and even resistance management.
Major Companies in the Herbicide Market
- Bayer AG
- Syngenta AG
- BASF SE
- Corteva Agriscience
- FMC Corporation
- UPL Limited
- Nufarm Limited
- ADAMA Agricultural Solutions
- Sumitomo Chemical Co., Ltd.
- Dow AgroSciences
How Big Is the Herbicide Market: FAQs
The market was valued at USD 37 billion in 2024 and is projected to reach USD 51 billion by 2031.
It is expected to grow at a CAGR of 4.70% between 2025 and 2031.
Selective herbicides, non-selective herbicides, pre-emergent, and post-emergent herbicides are widely used.
Cereals, grains, oilseeds, pulses, and commercial crops like cotton and sugarcane.
Regulatory restrictions, herbicide resistance, environmental concerns, and price volatility of raw materials.
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