Global Weed Control Market Outlook
Eradicating weeds is essential for the natural environment, as they threaten native plants and animals as well as being accountable for choking our natural system including forests and rivers, thereby destroying the natural habitat. Optimizing the productivity in the agricultural field is prominent and implementation of weed control products and industrial weed control methods are capable of removing unwanted plants and safeguard the growth of cultivated plants, fields, and other ornamental plantation. The importance of this has bolstered the demands in the weed control market. As per the IndustryARC market research report, the global weed control market size was valued at $28.2 billion as of 2018. And the market value is estimated increase at a compound annual growth rate (CAGR) of around 3.5% through the forecast period of 2019 to 2025.
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Global Weed Control Market: Leading Segments
By region, the APAC conquered the global weed control demands in 2018 with 32% of the total market share. The APAC is responsible to acquire the largest market share because the region homes a few of the largest agriculture-based countries including India, China, and Australia in the Pacific region. The increasing number of cultivators is anticipated to subsequently benefit the adjacent weed control market in the near future.
By approach, the chemical herbicides are the most profitable application for the global weed control market, incrementing at a global CAGR of 3% during the aforementioned forecast period. The catapulted demands for food owing to the increasing population has forced the cultivators to increase their production. This urgency to cater the global food demands is estimated to induce profits in the weed control market.
Global Weed Control Market Demand Analysis
Weed control is the biological component of pest control which is applied to purge from noxious or injurious weeds. Production of such weeds reduces the overall productivity and quality of the crop. Some of the most appropriate approaches to prevent the cultivation of weed includes buried drip irrigation, stale seedbed, and crop rotation methods. According to the National Centre for Biotechnology Information (NCBI), losses in yielding crops have been anticipated to reach 9% of the total desired crop cultivation. This further leads to annual economic losses of worth $27 billion and $3.2 billion in the U.S. and U.K. respectively. Moreover, the United Nation states that the world population is roughly increasing at the pace of 83 million people annually, which further indicates that the world population is projected to reach 9.8 billion in 2050 and 11.2 billion in the year 2100. Such circumstances will need adequate resources to cater to world food demands. With limited arable land, the emergence of increasing productivity is paramount, which further will contribute huge profits in the weed control market.
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Global Weed Control Market Trends
Global Weed Control Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the weed control market are BASF SE, Adama Agricultural Solutions Ltd., Bayer crop science AG, Dow chemical company, Drexel Chemical Company, Dupont Company, FMC Corporation, Monsanto Company, Nissan Chemical Industries LTD, Nufarm Limited, Rotam Crop Sciences Ltd., Syngenta AG and Valent Biosciences Corporation.
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Related Reports:
A. Herbicides Market
https://industryarc.com/Report/15124/herbicides-market.html
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The Weed Control Market is Prepared with the Main Agenda to Cover the following 20 points:
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