Herbicides Market Size, Share, Growth Analysis, By Type (Glyphosate, Diquat), By Crop Type (Cereals & grains, Oilseeds & pulses), By Region - Industry Forecast 2024-2031

In 2021, Asia-Pacific is expected to have the biggest share of the market. North America is the world's second-largest herbicide consumer. Environmental laws in the developed economies of North America and Europe, on the other hand, are likely to limit market growth in these regions. The Asia Pacific region dominated the global herbicides market in terms of both production and consumption, and this trend is projected to continue in the near future. The Asia Pacific region is home to two of the world's most populous countries, India and China. In terms of GDP growth rate and rising disposable income, these regions are also among the key growing economies. Herbicide demand in Asia Pacific is predicted to be driven by the region's large population and rapid economic growth.

South America region also had one of the greatest market share is expected to grow even more in the next five years. Furthermore, because South America has less rigorous laws than other countries, significant players have expanded in this region. The South America and Middle East & Africa region is predicted to be one of the fastest-growing herbicide markets. owing to rising demand for various crops in the region, including corn, beans, and cashews, among others.