Herbicide market demand is strong and industry development prospects are good

Herbicides, also known as herbicides, refer to pesticides used to eliminate or control the growth of weeds. Herbicides are efficient, fast, and low-cost. Some products can also promote crop growth. They are mainly used to control weeds or shrubs in farmland, pastures, rivers, highways, park fire lanes, etc., and can also be used as plant growth regulators. Herbicides are chemical agents. According to different chemical structures, herbicides can be divided into inorganic compound herbicides, biological herbicides and organic compound herbicides. Among them, organic compound herbicides have a wide range of applications in my country.

Agriculture, as the primary industry, is the foundation of our country’s national economy. In recent years, my country’s grain planting area has continued to grow. According to data from the National Bureau of Statistics, my country’s grain planting area will reach 1.76 billion acres in 2021, a year-on-year increase of 0.7%. The emergence of herbicides has greatly improved the weeding efficiency of crops in our country. Taking corn as an example, it takes 3 days to complete the weeding operation of one acre of field using manual weeding, but it can be completed in less than an hour using herbicides. According to data from the National Bureau of Statistics, my country’s chemical pesticide technical output in 2021 will be 2.498 million tons, a year-on-year increase of 7.8%. Currently, herbicides account for 42.1% of my country’s pesticide market and are my country’s main pesticide products.

Herbicides contain chemical components, which can easily cause environmental pollution and cause phytotoxicity to crops after use. According to their different functions, herbicides can be divided into non-selective herbicides that are biocidal and selective herbicides that are harmless to crops. According to the “2022-2027 China Herbicide Market Feasibility Research Report released by the Industrial Research Center, dicamba is a selective The herbicide is made from 1,2,4-trichlorobenzene, methanol, carbon dichloride and dimethyl sulfate as the main raw materials. It has a remarkable control effect on annual and perennial broadleaf weeds. As a herbicide segment, dicamba has low production costs and stable market demand, accounting for nearly 20.0% of my country’s herbicide market.

my country’s herbicide market is highly concentrated. Due to the high technical threshold of the industry, leading companies occupy a dominant position in the market. At present, the well-known herbicide brands in my country include Syngenta, Bayer, BASF, Dow, Monsanto and DuPont. Syngenta has the most powerful operation and management model in the global agricultural science and technology field. Its star product, Gramoxone, is a biocidal contact herbicide that is widely used in my country.

Industry analysts said that benefiting from the increase in my country’s grain planting area and rapid economic development, the market demand for herbicides is increasingly strong. As my country’s main pesticide product, herbicides have broad market prospects due to their advantages of high efficiency, speed, and low cost. Dicamba causes little damage to crops and can effectively control weeds, and has been rapidly developed in the field of non-selective herbicides. Leading companies focus on technological breakthroughs and innovations in herbicide research and development, which will promote the development of my country’s herbicide industry.