The global weed control market is primarily driven by the growing demand for weeding equipment from various end-use industries such as agriculture, commercial, and residential. Weeds refer to plants that are undesirable and competitively hinder the growth and development of agriculture and natural vegetation. Weed control products such as herbicides, mechanical weeding equipment, and biological weed control agents provide effective weed management which results in increased crop yield and improved farm productivity.
The global weed control market is estimated to be valued at US$ 34.95 Million in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Weed control has become an integral part of modern agriculture as weeds act as hosts for many plant diseases and pests, draining soil moisture and nutrients. Failure to control weeds can lead to significant losses in crop yield. Hence, farmers are increasingly adopting various weed control methods including herbicides, tillage equipment, and manual weeding to prevent crop losses. With growing demand for food across the globe coupled with shrinking arable land, optimum weed management is essential to increase agricultural output. The agriculture sector is the major end-user of weed control products.
Market key trends:
One of the key trends gaining traction in the weed control market is the adoption of precision farming techniques. Precision farming utilizes advanced technologies such as satellite imagery, GPS, sensors, and software to analyze soil properties and selectively target weeds. This results in improved application efficiency of herbicides and other weed control methods. Precision tools help in site-specific weed management and minimizes chemical and fuel usage. Another emerging trend is the growing popularity of organic and bio-based weed control products owing to increasing consumer preference for chemical-free solutions. Companies are extensively developing environment-friendly weed control agents derived from plant extracts and microbial sources to capitalize on the organic market segment.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is medium in the weed control market as it requires significant investments for R&D. However, the market is gaining popularity which can attract new players.
Bargaining power of buyers: The bargaining power of buyers is high as there are numerous established players providing weed control products. Buyers can easily switch between brands based on price and quality.
Bargaining power of suppliers: The bargaining power of suppliers is medium due to availability of substitute ingredients. However, suppliers of active pharmaceutical ingredients have some control over pricing.
Threat of new substitutes: The threat of substitutes is medium as there are several methods of weed control available in the market such as mechanical weeding and thermal weeding.
Competitive rivalry: The competitive rivalry in the market is high owing to the presence of numerous global and regional players offering similar products. Players differentiate their offerings mainly in terms of pricing and innovation.
Key Takeaways
The Global Weed Control Market Size is expected to witness high growth over the forecast period. The global weed control market is estimated to be valued at US$ 34.95 Million in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031.
North America currently dominates the regional market owing to the wide acceptance of modern weed control practices in agriculture. The market in Asia Pacific is expected to grow at the fastest pace during the forecast period supported by increasing agricultural activities in the region.
Key players operating in the weed control market are 3M, Baxter, Coloplast A/S, Acelity L.P. Inc., Integra LifeSciences, Johnson & Johnson Services, Inc., Axio Biosolutions Pvt Ltd., Omeza, Smith & Nephew Plc., Cardinal Health, Schulke & Mayr GmbH, Bactiguard AB, Wound Care Advantage, LLC, Noventure, EO2 Concepts, Essity, Hydrofera, Advance Medical, Inc., CutisCare, Convatec Group PLC, and Organogenesis Inc.
Key players focus on new product launches and strategic collaborations to gain a competitive advantage in the market. For instance, in 2020, ConvaTec Group launched an advanced wound therapy called N-Two V.A.C. Negative Pressure Wound Therapy for managing partial-thickness and deeper wounds.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it