" Herbicides Market Global Beyond Size, Share, and Trends in Future Analysis (2024-2033)"
Herbicides Market Overview The global herbicides market size was valued at USD 24.93 billion in 2022 and is expected to reach USD 37.52 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032. The increasing demand for food production, coupled with the rising adoption of precision agriculture techniques, is driving the growth of the herbicides market. Herbicides Market Drivers Increasing demand for food production: The global population is projected to reach 9.7 billion by 2050, leading to an increased demand for food production. Herbicides play a vital role in weed control, which helps to improve crop yields and meet the growing food demand. Rising adoption of precision agriculture techniques: Precision agriculture techniques, such as GPS-guided spraying and variable rate application, are becoming increasingly popular among farmers. These techniques help to reduce herbicide use and improve weed control efficacy. Growing awareness of...