
Herbicide Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $31.5 billion by 2020, registering a CAGR of 5.4% during the period 2014-2020. Asia-Pacificis the dominant market in terms of consumption of herbicides (around two fifth of market share). On the other hand, due to relatively higher price of herbicides in the North American region, the revenue generated equates to almost one third of global herbicide market. France leads the European Herbicides Market, as the country produces large volume of wheat where herbicide is used. In the recent era, economic development in rural China caused farmers of the country to showcase interest in chemical herbicide usage. Currently, China consumes more than 50% of herbicide in Asia-Pacific region. The synthetic herbicide dominates the global herbicide market due to its abundant commercial availability, cost efficiency, and limited commercialization of Bio herbicides.