Increasing focus on Crop protection management is driving the Weed Control Market: Cognitive Market Research

Weed Control Market Overview 

Product Overview and Scope of Weed Control 

Weed control refers to techniques used to manage and suppress the growth of unwanted plants in various settings such as gardens, lawns, agricultural fields, and natural habitats. These techniques attempt to achieve a balance between the cost of control and crop yield loss. However, weed control is used only after the problem exists. Weeds are plants that grow vigorously, compete with desired plants for resources like sunlight, water, and nutrients, and can negatively impact the health and productivity of cultivated or managed areas.
Effective weed control aims to minimize the presence of weeds, allowing desired plants to thrive and reducing competition for resources. There are several approaches to weed control, including manual weeding, mechanical weeding, chemical weeding, and biological weeding. Weed control is important in agriculture, the presence of unwanted plants can lead to significant reductions in crop yields. They can inhibit crop growth and development, or they can inhibit the harvesting process. 
Weed control can be achieved through chemical and non-chemical methods. But, a common problem of non-chemical methods is that they are more expensive than chemical methods but are more environmentally friendly. This crop management technique is normally performed by cultivating between the rows. Herbicides were being used extensively and vigorously in recent years because of their easy application, effectiveness, and low-cost quality. 

Weed Control Market – Global Industry Analysis

Market Driver

• Increasing focus on crop protection management

The increasing focus on crop protection drives the growth of the weed control market. As the world's population is growing, the demand for food is increasing. To meet this demand, agricultural productivity needs to be maximized. Crop protection management plays a crucial role in ensuring optimal crop yields by minimizing losses caused by pests, diseases, and weeds. Weeds compete with crops for resources such as sunlight, water, nutrients, and space. They can significantly reduce crop yield and quality by inhibiting crop growth and development. To maximize agricultural productivity, farmers and growers prioritize effective weed control measures as part of their overall crop protection strategies.
In addition to this, governments and regulatory bodies across the globe have imposed guidelines and regulations to ensure the safety of agricultural products, protect human health, and minimize environmental risks. Compliance with these regulations requires farmers to adopt appropriate crop protection management practices, including the safe and responsible use of pesticides and adherence to integrated pest management principles. The emerging government regulations support the growth of the weed control market.

• Increasing focus on high agriculture productivity
• Rising adoption of automated weeders

Economic Loss in India Due to Weed (USD Million)

Source: Cognitive Market Research

Related Reports

• Global Agrochemicals Market 
• Global Herbicides Market
• Global Dicamba Herbicide Market
• Global Herbicides Safener Market 
• Global Soil Active Herbicides Market
• Global Bio-Herbicides Market
• Global Organophosphate Pesticides Market 
• Global Aquatic Herbicides Market

Global Weed Control Revenue by Segment 

Global Weed Control Market by Type

• Liquid Product
• Powder Product

Global Weed Control Market by Method

• Biological
• Chemical
• Cultural
• Physical/mechanical control

Global Weed Control Market by Application

• Professional use (Councils Parks & Recs departments etc.)
• Consumer Use (Personal homes and gardens etc.)
• Agricultural Use

Global Weed Control Revenue Market Share (%) by Application in 2022

Source: Cognitive Market Research

In 2022, the agriculture sector is anticipated to dominate the global weed control market in terms of revenue and is expected to retain its dominating position throughout the forecast period, from 2023 to 2030. Furthermore, the growing population coupled with swiftly rising urbanization is likely to strain food resources. To fulfill the demand increasing for food, crop yield is likely to have surged with the use of biotech crops and growth-enabling chemicals. The global agricultural output is largely dependent on six countries which include India, China, Brazil, Nigeria, the U.S., and Indonesia. Similarly, the agriculture sector of India is likely to play a vital role in the development of the industry. Indian agriculture has added the advantage of diverse topography, a variety of soil types, and climate which provides farmers to engage in agricultural activities throughout the year. Thus, the aforementioned factors are expected to drive the demand for weed control products in the agriculture sector.

Global Weed Control Manufacturers Profiles/Analysis

BASF SE

BASF SE Company Basic Information, and Sales Area

Business Segment/ Overview:

BASF SE is a German Based company engaged in the manufacturing of chemicals. The portfolio of the company comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and has companies in around 90 countries across the globe. It operates six Verbund sites and 241 additional production sites worldwide.

Investment in Research and Development 

Research and development costs incurred and charged to income for the fiscal years ended December 31 2021, and 2020 were $2,357.91 million and $2,219.59 million, respectively.

BASF SE R&D Investment (USD Million) (2020-2021)

Source: Cognitive Market Research

Recent Developments:

Business Strategy 

BASF SE is engaged in research and development to innovate new products. For instance, the company invested 106 USD million in 2019 and 94.86 USD million in 2020 and has over 10,000 employees in R&D. Furthermore, the company is engaged in expanding its distribution network to fulfill the need of customers. For instance, the company strives to build a second Verbund site in China, in Zhanjiang in the southern Chinese province of Guangdong. Moreover, the company has a significant focus on using natural resources to manufacture products and solutions with high value-added for its customers, which is increasing the brand value of the company. Furthermore, the company has a significant focus on quality management to retain its customer. For this, the company strives to improve processes and products to meet customer demands and requirements.