| Product Code: ETC7372081 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to heavily rely on imports of herbicide tolerance products, with key suppliers being the USA, Trinidad and Tobago, Dominican Republic, Barbados, and the UK. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a very high level, indicating a significant level of market power among the top exporting countries. The compound annual growth rate (CAGR) from 2020 to 2024 was a strong 8.34%, with a notable growth rate of 64.91% from 2023 to 2024, reflecting a rapidly expanding market for herbicide tolerance products in Grenada.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Herbicide Tolerance Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Herbicide Tolerance Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Herbicide Tolerance Market - Industry Life Cycle |
3.4 Grenada Herbicide Tolerance Market - Porter's Five Forces |
3.5 Grenada Herbicide Tolerance Market Revenues & Volume Share, By Herbicide Tolerance Type, 2021 & 2031F |
3.6 Grenada Herbicide Tolerance Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Grenada Herbicide Tolerance Market Revenues & Volume Share, By Crops, 2021 & 2031F |
4 Grenada Herbicide Tolerance Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-yielding crops in Grenada |
4.2.2 Growing awareness about the benefits of herbicide-tolerant crops |
4.2.3 Adoption of modern farming practices in the region |
4.3 Market Restraints |
4.3.1 Strict regulations on herbicide usage in agriculture |
4.3.2 Concerns about environmental impact and sustainability |
4.3.3 Resistance from traditional farmers to switch to herbicide-tolerant crops |
5 Grenada Herbicide Tolerance Market Trends |
6 Grenada Herbicide Tolerance Market, By Types |
6.1 Grenada Herbicide Tolerance Market, By Herbicide Tolerance Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Herbicide Tolerance Market Revenues & Volume, By Herbicide Tolerance Type, 2021- 2031F |
6.1.3 Grenada Herbicide Tolerance Market Revenues & Volume, By Glyphosate-Tolerant Crops, 2021- 2031F |
6.1.4 Grenada Herbicide Tolerance Market Revenues & Volume, By Glufosinate-Tolerant Crops, 2021- 2031F |
6.2 Grenada Herbicide Tolerance Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Herbicide Tolerance Market Revenues & Volume, By Production of New Protein, 2021- 2031F |
6.2.3 Grenada Herbicide Tolerance Market Revenues & Volume, By Modification of Target Protein, 2021- 2031F |
6.2.4 Grenada Herbicide Tolerance Market Revenues & Volume, By Creation of Physical or Physiological Barriers, 2021- 2031F |
6.3 Grenada Herbicide Tolerance Market, By Crops |
6.3.1 Overview and Analysis |
6.3.2 Grenada Herbicide Tolerance Market Revenues & Volume, By Alfalfa, 2021- 2031F |
6.3.3 Grenada Herbicide Tolerance Market Revenues & Volume, By Argentine Canola, 2021- 2031F |
6.3.4 Grenada Herbicide Tolerance Market Revenues & Volume, By Carnation, 2021- 2031F |
6.3.5 Grenada Herbicide Tolerance Market Revenues & Volume, By Chicory, 2021- 2031F |
6.3.6 Grenada Herbicide Tolerance Market Revenues & Volume, By Cotton, 2021- 2031F |
6.3.7 Grenada Herbicide Tolerance Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Herbicide Tolerance Market Import-Export Trade Statistics |
7.1 Grenada Herbicide Tolerance Market Export to Major Countries |
7.2 Grenada Herbicide Tolerance Market Imports from Major Countries |
8 Grenada Herbicide Tolerance Market Key Performance Indicators |
8.1 Adoption rate of herbicide-tolerant crop varieties in Grenada |
8.2 Percentage increase in herbicide sales for use on tolerant crops |
8.3 Number of research and development initiatives focused on herbicide-tolerant technology in the region. |
9 Grenada Herbicide Tolerance Market - Opportunity Assessment |
9.1 Grenada Herbicide Tolerance Market Opportunity Assessment, By Herbicide Tolerance Type, 2021 & 2031F |
9.2 Grenada Herbicide Tolerance Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Grenada Herbicide Tolerance Market Opportunity Assessment, By Crops, 2021 & 2031F |
10 Grenada Herbicide Tolerance Market - Competitive Landscape |
10.1 Grenada Herbicide Tolerance Market Revenue Share, By Companies, 2024 |
10.2 Grenada Herbicide Tolerance Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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