Global Soil Active Herbicides market growth 2024, Forecast To 2033
4 Mar, 2024
The soil active herbicides market size has seen robust growth, increasing from$6.84 billion in 2023 to$7.29 billion in 2024, with a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to agricultural intensification, expansion of commercial farming, global population growth, efficiency and cost-effectiveness, government support for agriculture, increase in herbicide-tolerant crops, demand for high-yielding crops, and efforts to reduce environmental impact. Looking forward, the soil active herbicides market is expected to experience strong growth, reaching$9.21 billion in 2028, with a compound annual growth rate (CAGR) of 6.0%. This growth in the forecast period can be attributed to rising global food demand, a shift towards organic farming practices, government regulations on herbicide use, increased investment in agriculture research, development of herbicide-resistant crops, consumer demand for clean label products, market competition, and product differentiation. Major trends in the forecast period include integration of digital farming solutions, innovation in formulations, integrated weed management, research on mode of action, resistance management education, market consolidation and mergers, and organic and bio-based alternatives.
Global Soil Active Herbicides Market Key Driver
The soil-active herbicides market is anticipated to experience growth fueled by the increasing population and shifting dietary preferences towards plant-based foods globally. The growing population necessitates higher food production, leading to increased usage of herbicides and fertilizers to enhance crop yield. Moreover, changing dietary habits, with a rising inclination towards plant-based diets, further drive the demand for herbicides. According to the United Nations, the global population is expected to reach 8.5 billion by 2030 and 9.7 billion by 2050. Additionally, plant-based dairy and meat sales surged to over $29 billion in 2020 and are projected to exceed $162 billion by 2030. Consequently, the growth in population and dietary preferences towards plant-based foods will be instrumental in driving the soil-active herbicides market.
Get A Free Sample Of The Global Soil Active Herbicides Market ReportGlobal Soil Active Herbicides Market Segments
The global soil active herbicides market covered in this report is segmented –
1) By Product Type: Synthetic Herbicides, Bio-Herbicides
2) By Crop: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Crops
3) By Application: Pre-Plant, Pre-Emergence, Post-Emergence
By Geography: The regions covered in the soil active herbicides market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the soil active herbicides market share in 2023. The regions covered in the soil active herbicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Soil Active Herbicides Industry Players
Bayer AG, BASF SE, Syngenta AG, DuPont de Nemours, Inc., ADAMA Ltd., Arysta LifeScience, Inc., Nufarm Limited, Nissan Chemical Industries, Ltd., Shandong Binnong Tech Co., Ltd., FMC Corporation, Monsanto Company, UPL Ltd., Bhaskar Agrochemicals Limited, Dhanuka Agritech Limited, Insecticides Limited, Corteva Agriscience LLC, Sumitomo Chemical Co., Ltd., Cheminova A/S, Dow AgroSciences LLC, Gowan Company LLC, Isagro S.p.A., Jiangsu Yangnong Chemical Group Co. Ltd., Kumiai Chemical Industry Co. Ltd., Makhteshim Agan Industries Ltd., Nippon Soda Co. Ltd., Rotam CropSciences Ltd., SinoHarvest Corporation, PI Industries Limited, Rallis India Limited, Sulphur Mills Limited
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Soil Active Herbicides Market Overview
Soil active herbicides also known as weed killers are herbicides that act on seeds, roots, or shoots of undesired plants, also known as weeds. Soil active herbicides are incorporated into the soil to control the growth of weeds and unwanted plants. Herbicides get rid of weeds that will otherwise compete for light, moisture, and nutrients with the crops, affecting the quality and quantity of produce.
Soil Active Herbicides Global Market Report 2023 provides data on the global soil active herbicides market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The soil active herbicides market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.