The North America herbicides market size is expected to reach USD 7.19 billion in 2024 and reach USD 9.40 billion by 2029, growing at a CAGR of 5.51% from 2024 to 2029.
Herbicides are pesticides used to control unwanted plants while leaving the desired crop unharmed. Based on Composition, Herbicides are divided into Synthetic Herbicides and Bioherbicides. Synthetic Herbicides are made from chemicals that may harm the environment, and Bioherbicides are chemical formulations made from organic substances.
Some of the major drivers driving the market are rising Demand for high agricultural productivity, increasing Populace and rising disposable income. However, Synthetic Herbicides cause so many environmental hazards which resulted in Stringent regulations on the use of Herbicides. These regulations are one of the major factors restraining the market.
Cereals and Grains segment accounted for highest share in the market owing to the increased consumption in diets. Geographically, North America market is segmented into US and Canada. North America is a mature market and is expected to increase continuously throughout the forecast period.
The Major Players in this market are BASF SE, E.I. du Pont de Nemours & Company, The Dow Chemical Company, Monsanto Company, Syngenta AG, FMC Corporation, Platform Specialty Products Corporation, Drexel Chemical Co., Nissan Chemical Industries Ltd., and Nufarm Ltd.
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