London, 31 October 2014 – Despite safety concerns, the Global Herbicides Market, is still projecting moderate growth prospects, with a CAGR of 6.58 percent from 2014-2018, according to a new report from research firm TechNavio.
About the Report
The new report points to increasing concerns about the harmful effects of herbicides on the environment and public health, which have led to a regulatory ban on certain types of herbicides such as glyphosate-based products. Many countries are looking to limit the sale of these herbicides to the agricultural sector, banning them from consumer use.
Large vendors such as BASF, Dow, DuPont, and Syngenta have increased their R&D expenditure to innovate and remain competitive in the market, in order to combat any loses from product bans. The growing preference for bio-herbicides due to their eco-friendly nature is expected to boost overall market growth.
“Increased focus on sustainability has led to the introduction of innovative products and active ingredients that have further contributed towards market growth in this sector,” says Faisal Ghaus, Vice President of TechNavio.
“For instance, in 2013 Dow launched Arylex Active, a new herbicidal active ingredient. This kind of product innovative is expected to drive the growth of the Global Herbicides market during the forecast period.”
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increase in Production Capacities
- For a full detailed list, view our report.
Market Challenges:
- Regulatory Ban on Certain Herbicides
- For a full detailed list, view our report.
Market Trends:
- Increased Demand from Key Emerging Regions
- For a full detailed list, view our report.
Key Vendors:
- BASF SE
- DuPont
- Monsanto Co.
Other Prominent Vendors:
- AMVAC Chemical
- Bioworks
- Cheminova
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
