Coherent Market Insights

Soil Active Herbicides Market to Reach US$ 12,956.3 Million by 2027

Soil Active Herbicides Market to Reach US$ 12,956.3 Million by 2027 - Coherent Market Insights

Publish On: Jan 17, 2020

The global soil active herbicides market was valued at US$ 8508.9 Million in 2018, according to Global Soil Active Herbicides Market Report, by Mobility Type (Contact and Systemic), by Mode of Action (Selective Herbicides and Non-Selective Herbicides), by Product Type (Synthetic Herbicides and Bio-herbicides), by Application (Pre-Plant, Pre-Emergence, and Post-Emergence), by End-use Industry (Farming Lawns and Gardening & Landscaping), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) published by Coherent Market Insights.

Definition of Market/Industry:

Soil active herbicides are incorporated in the soil in order to control the growth of unwanted weeds, and plants. These herbicides can be applied to the soil during the plant’s growth or before plantation. The application of soil active herbicides helps in increasing the yield of the crop, which, turn, facilitates demand for these products.

Statistics:

The global soil active herbicides market was valued at US$ 8508.9 Mn in 2018 and is expected to reach US$ 12,956.3 Mn by the end of 2027. The market is projected to grow at a CAGR of 4.7% during the forecast period (2019 to 2027).

Drivers:

Demand for soil active herbicides are expected to increase over the forecast period owing to advantages offered by the herbicides such as preventing the growth of unwanted weeds, both before and after the plantation of crops.

Furthermore, loss of nutrients and moisture can be minimized by pre-emergence or pre-sowing application of soil active herbicides. This is expected to increase demand for herbicides in farming or agricultural applications globally.

Market Opportunities:

The rising adoption of new strategies along with mergers and acquisition in case of soil active herbicide manufacturers can prove to be an opportunity for the manufacturers. For instance, in August 2018, BASF SE acquired the crop protection business of Bayer AG which includes the acquisition of the non-selective herbicide business. This is expected to help the company in expanding its product portfolio.

Market Restraints:

Increasing use of herbicides can have a negative impact on the environment. For instance, the use of herbicides for controlling weed growth can contaminate the water, or soil in the surrounding area. Moreover, improper dosage of soil active herbicides on crops can affect the yield of crops.

Market Trends:

Population expansion is estimated to drive demand for food across the globally. For instance, as per the Food and Agriculture Organization (FAO), the global population is likely to reach 10 billion by 2050 which would require almost 50% more food as compared to what was required in 2012. Meeting the growing consumer demand for food would require plantation of crops by preventing the damage caused by unwanted weeds and perennial grass, which is expected to boost demand for soil active herbicides over the years.

Competitive Section:

Company Names

  • Bayer AG
  • BASF SE
  • Syngenta AG
  • DuPont
  • ADAMA Ltd.
  • Arysta LifeScience
  • Nufarm
  • Nissan Chemical Industries, Ltd.
  • Shandong Binnong Technology Co., Ltd.
  • FMC Corporation

Few Recent Developments:

Key Development:

Bayer AG

  • In June 2018, Bayer AG acquired U.S.-based agrichemical manufacturer, Monsanto, in a deal of worth US$ 63 billion. This acquisition involved the evolution of the one of the largest seed and agro-chemicals Company, worldwide.

Syngenta AG

  • In June 2018, Syngenta AG, a Switzerland-based agrochemicals and seeds manufacturer was acquired by China National Chemical Corporation, a Chinese company which offers agrochemicals, chemical materials and specialty chemicals, among others in order to achieve its largest expansion overseas.

Segmentation:

By Mobility Type

  • Contact
  • Systemic

By Mode of Action

  • Selective Herbicides
  • Non-Selective Herbicides

By Product Type

  • Synthetic Herbicides
  • Bio-Herbicides

By Application

  • Pre-Plant
  • Pre-Emergence
  • Post-Emergence

By End-use

  • Farming
  • Lawns, Gardening & Landscaping

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports


Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail


Logo

Reliability and Reputation

ESOMAR
DUNS Registered
Clutch
DMCA Protected

9001:2015

Reliability and Reputation

27001:2022

Reliability and Reputation

EXISTING CLIENTELE

Created billion dollars of revenue impact on thousands of clients

trusted clients logo
© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.