Description

The Global Herbicides Market size was estimated at USD 29.2 Bn in 2021, growing at a CAGR of 6.9% during the forecast period 2021-2027. Increase in demand for food products, rise in the product yield and quality with reduced chemical hazards, government initiations taken for sustainable agricultural practices, and increase in awareness among the farmers about the herbicides are anticipated to propel the herbicides market over the forecast period. Moreover, wider range of advantages of herbicides, low R&D costs, and easier residue management are boost the herbicides market over the forecast timeframe. However, risk of toxic metabolites by microbes, high cost of the herbicides, and lesser availability of products are hinder the growth of herbicides market over the forecast period. Industry trends in the market are evolving, which will aid players in developing successful long-term strategies. Both established and emerging markets have implemented business growth techniques. COVID-19 is an unprecedented worldwide public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the projection period. Our continuous study is enhancing our research approach to guarantee that fundamental COVID-19 concerns and potential solutions are included. The research examines COVID-19 in light of changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, market dynamics, and government involvement. The revised report considers the influence of COVID-19 on the market and includes insights, analysis, projections, and predictions.

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