Global Bromacil Market growing at a CAGR of 2.9% from 2023 to 2031
Category : Materials And Chemicals | Published Date : Oct 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the Bromacil market is predicted to grow at a compound annual growth rate of 2.9% from 2023 to 2031 and is expected to reach USD 173.00 million in 2031 and 138.12 million in 2023 which was valued at USD 135.00 million in 2022.
The report highlights the growing concerns about the negative impact of weeds and brush, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the bromacil market.
Global Bromacil Market By Overview
The bromacil market is bifurcated into type and application. Based on type, the market is segmented into bromacil 40 herbicide, bromacil 80 herbicide, and others. In 2022, the bromacil 40 herbicide segment dominate the overall bromacil market. Based on application, the market is segmented into non-crop areas and crop areas. In 2022, non-crop areas segment dominated the overall bromacil market.
Get Free SampleMarket Dynamics
Driver:
- Growing concerns about the negative impact of weeds and brush is driving the market growth.
- Growing awareness of the benefits of bromacil is boosting the growth of the bromacil market.
Restraints:
- Increasing regulatory scrutiny on herbicides is hampering the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Bromacil 40 herbicide, Bromacil 80 herbicide, and Others |
| By Application | Non-crop areas and Crop areas |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Adama Agricultural Solutions, Corteva Agriscience, and FMC Corporation, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the bromacil market is expected to witness substantial growth in the coming years due to increasing government investments in infrastructure development in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Adama Agricultural Solutions
- Corteva Agriscience
- FMC Corporation
- Syngenta Group
- Alligare LLC
- AMVAC Chemical Corporation
- Chem China Ltd.
- Nufarm Limited
- UPL Limited
- Wilbur-Ellis Company
- DuPont
- Bayer CropScience
