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Lucintel's Analysis of Global Herbicides Industry Anticipates $31.12 Billion Market by 2017
Irving, Texas (PRWEB) October 05, 2012
High ecological and health concerns combined with the latest scientific developments fuel the global herbicides industry's growth toward new dimensions in terms of new, safe, and effective products. Globally, the industry experienced a good growth during the last five years and is expected to achieve an estimated $31.12 billion by 2017 with a CAGR of 4.6%. Lucintel's analysis reveals that the herbicides industry is highly dependent upon such factors as crop yield, price realization from crops, etc.
Lucintel, a leading global management consulting and market research firm, has analyzed the global herbicides industry and offers its findings in its comprehensive research report, "Global Herbicides Industry 2012-2017: Trend , Profit, and Forecast Analysis."
The report focuses on North America, Europe, Asia Pacific, and Rest of World. North America, being the highest growth provider, dominates the past five years. the present, and expectedly the next five years.
Lucintel's report highlights key growth hurdles such as environmental laws, government regulations, and high inventory; whereas the industry possesses growth boosters in the form of increasing demand for food grain production and shrinking of arable land in recent years.
Increasing population accelerated demand for food self-sufficiency which accounts for the growing horticulture and floriculture industries. Herbicides are used to get rid of unwanted plants, leaving the desired crops unharmed. Companies have started investing in R&D to create innovative products that adhere to government regulations and produce better results.
This Lucintel research report provides valuable insights into recent industry scope and overview, global macroeconomic overview, relative market attractiveness by region, annual industry trend, emerging trends, industry forecasts, Porter's Five Forces Analysis, hazards, and the profitability analysis of the major industry players.
The data and analysis found in this report can be utilized for a variety of functional business reasons, including business development, strategic planning, determination of market size and trends, competitive analysis, investment decisions, and joint product development.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. Lucintel has started Live Chat in its Web Site to answer visitors' questions in real time with precision. Visitors can either chat with our experts or call them free of cost through Live Chat to get assistance about what they are looking for from Lucintel.
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