Global Herbicides Market is Expected to Grow to $31.5 Billion by 2020 - Allied Market Research

PORTLAND, Oregon, 21/10/2014 (informazione.it - comunicati stampa - agricoltura)

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Glyphosate, a glycine derivative broad-spectrum & non-selective herbicide holds the largest market share among other herbicides, globally. Furthermore, it kills weeds more effectively without affecting crops compared to other commercially available herbicides. Renowned chemical manufacturers such as DuPont and BASF are manufacturing glyphosate under brand names Abundit Extra, KIXOR, respectively. However, usage of 2,4-D, is banned in countries such as Canada, Denmark and Norway due to the high level of dioxin contamination and risk of spreading cancer. Currently, the usage of organic herbicide, as a replacement of 2,4-D, is being considered worldwide; although, the effectiveness of organic herbicides to control weed is still under research.

Currently, bio herbicide is a niche segment of the global herbicides market. These are composed of microorganisms such as fungi, bacteria and insects that can target only specific weeds without harming actual crops. Currently, commercial production of such herbicide is very low. However, due to lack of chemical toxicity & milder effect on environment, popularity of bio herbicide as compared to synthetic herbicide is growing. Considering the potential of bio herbicides, companies such as Bioherbicides Australia, are focusing on R&D and commercializing bio herbicides. Myco-Techpaste and Sarritorare, two Canadian brands of bio herbicides, which are currently commercially available.

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Among different crop types, herbicide usage is highest in cereals & grains (namely maize, rice, wheat and others). Asia-Pacific region (Mainly China, India and Japan) being the major production hub of cereals & grains, consumes nearly three fourth of total herbicide consumption in this category.

Key findings of the study:

The key companies profiled in the report are BASF, Bayer AG, DOW Agriscience LLC, Syngenta AG, Cheminova A/S, FMC Corporation, Adama Agricultural Solutions Ltd, Nufarm Ltd, E.I Du Pont de Numerous and Company and Monsanto Company. BASF has announced to invest $270 million in the USA market to expand its production capacity of company's key herbicides, such as dicamba and DMTA. Dow AgroSciences has started the registration process for its Enlist Duo herbicides, widely used for weed control. Syngeta AG developed corn herbicides named Acuron as a weed resistance solution.

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