Global Herbicide Tolerance Market, By Herbicide Tolerance Type (Glyphosate-Tolerant Crops, Glufosinate-Tolerant Crops), Technology (Production of New Protein, Modification of Target Protein, Creation of Physical or Physiological Barriers), Crops (Alfalfa, Argentine Canola, Carnation, Chicory, Cotton, Creeping Bentgrass, Flax, Linseed, Maize, Polish Canola, Potato, Rice, Soybean, Sugar Beet, Tobacco, Wheat, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The herbicide tolerance market is expected to witness market growth at a rate of approximately 6.30% in the forecast period of 2021 to 2028. Data Bridge Market Research report on herbicide tolerance market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growing awareness regarding the environmental effects of chemicals used for agricultural applications is escalating the growth of herbicide tolerance market.
Herbicide tolerant (HT) crops refers to a farming technology which assists in fighting weeds which are compatible with no-till methods resulting in preservation of topsoil. This tool offers farmers benefits such as flexibility to apply herbicides when necessary, use herbicides having preferred environmental characteristics and control total input. They basically target the key enzyme present in the crop metabolic pathway disrupting plant food production and then kill it. Some plants acquire the trait through selection or mutation and others maybe result of modification through genetic engineering.
The growth in the popularity of herbicide tolerance technology owning to its less environmental impact and human risk factors and the initiatives taken by the government to promote the use of this tool over the non- GM counterparts are majorly driving the herbicide tolerance market. The increase in demand for the solution among farmers as it provides flexibility to control the weeds during any stage of plant growth, less number of sprays, reduction of fuel usage and decreased soil compaction accelerate the herbicide tolerance market growth. The inclination towards herbicide tolerance technology as they do not damage the crop’s growth nor result in poorer agronomic performance in comparison with parental crops because except addition of enzyme or alteration of enzyme, no other metabolic change is made which also acts as a driving factor. The application gives excellent weed control and high crop yield and uses low toxicity compounds which do not remain active in the soil boosting the herbicide tolerance market. Additionally, the rise in research and development activities, favorable regulations, the absence of toxins or allergens, growing food requirement across the globe, increase in investment and growing concerns regarding the environmental issues positively affect the herbicide tolerance market. Furthermore, the emphasis on preventing soil structure and the increasing demand for no-tillage and reduced tillage practices among farmers extend profitable opportunities to the herbicide tolerance market players in the forecast period of 2021 to 2028.
On the other hand, the presence of cheaper alternatives and lack of awareness associated with the technology are factors expected to obstruct the herbicide tolerance market growth. The rising concerns regarding the potential of herbicide tolerant crops to create new weeds through outcrossing with wild relatives are projected to challenge the herbicide tolerance market in the forecast period of 2021-2028.
This herbicide tolerance market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on herbicide tolerance market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Herbicide Tolerance Market Scope and Market Size
The herbicide tolerance market is segmented on the basis of herbicide tolerance type, technology and crops. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of herbicide tolerance type, the herbicide tolerance market is segmented into glyphosate-tolerant crops and glufosinate-tolerant crops.
- On the basis of technology, the herbicide tolerance market is segmented into production of new protein, modification of target protein and creation of physical or physiological barriers.
- On the basis of crops, the herbicide tolerance market is segmented into alfalfa, argentine canola, carnation, chicory, cotton, creeping bentgrass, flax, linseed, maize, polish canola, potato, rice, soybean, sugar beet, tobacco, wheat and others.
Global Herbicide Tolerance Market Country Level Analysis
The herbicide tolerance market is analyzed and market size, volume information is provided by country, herbicide tolerance type, technology and crops as referenced above.
The countries covered in the herbicide tolerance market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the herbicide tolerance market due to the largest arable land, high crop diversity and increasing advanced agricultural practices such as zero-tillage and approval of these practices by the government. North America is expected to witness the fastest CAGR during the forecast period of 2021 to 2028 because of the rise in the levels of penetration of herbicide-tolerant hybrids in the region.
The country section of the herbicide tolerance market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Herbicide Tolerance Market Share Analysis
The herbicide tolerance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to herbicide tolerance market.
The major players covered in the herbicide tolerance market report are ADAMA, Exxon Mobil Corporation, Bayer AG, UPL, Corteva, Zhejiang Xinan Chemical Industrial Group Co., Ltd, Nufarm, Excel Crop Care Ltd, JIANGSU GOOD HARVEST-WEIEN AGROCHEMICAL CO., LTD, AMVAC Chemical Corporation, King Quenson, Nantong Jiangshan Agrochemical & Chemicals Limited Liability Co, DuPont, Syngenta, VILMORIN & CIE, Corteva, SUNTORY HOLDINGS LIMITED among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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