The global Soil Active Herbicides Market is estimated to be valued at US$ 8,543.1 Mn or in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:-

Soil active herbicides are chemicals used to control weeds and unwanted vegetation. These herbicides remain active in the soil for an extended period and prevent weed germination and growth after application.

Market key trends:-

One of the key trends in the soil active herbicides market is the growing demand for non-selective herbicides. Non-selective herbicides such as glyphosate and glufosinate are widely popular as they are broad spectrum and provide weed control in agricultural fields, orchards, gardens, and other non-crop areas. They are economical and efficient for eliminating all plant life and clearing the land. However, over-reliance and extensive use of glyphosate has led to the development of glyphosate-resistant weeds. This has boosted research towards developing alternative active ingredients and herbicides.

Market key trends:-

One of the key trends observed in the soil active herbicides market is the development of bioherbicides. Bioherbicides refer to herbicides that use microbial organisms, such as bacteria, fungi or viruses, to control weeds. These are gaining popularity due to their minimal environmental impact and negligible residual activity as compared to chemical herbicides. With growing concerns regarding the negative effects of chemical herbicides, demand for bioherbicides is expected to increase significantly over the forecast period.

SWOT Analysis:-

• Strength: Availability of a wide range of products catering to different crop types and weed control needs.
• Weakness: Stringent regulations surrounding the use of chemical herbicides due to environmental and health hazards.
• Opportunity: Growing demand for organic and sustainable farming practices provides an opportunity to increase sales of bio herbicides.
• Threats: Price volatility of raw materials can increase production costs. Weather fluctuations may impact effectiveness.

Key Takeaways:-

The Global Soil Active Herbicides Market Size is expected to witness high growth, exhibiting CAGR of 4.2% over the forecast period, due to increasing demand for high-yielding crops and limited availability of arable land. The market size for 2023 is estimated to be US$ 8,543.1 Mn.

Regional analysis:-

The Asia Pacific region currently dominates the global market and is expected to maintain its position over the forecast period. Countries such as India, China and Japan are major consumers of soil active herbicides due to large agricultural outputs in these countries. North America is expected to be the fastest growing market, supported by growing demand for herbicide-tolerant crops in the United States.

Key players operating in the soil active herbicides market include Bayer Crop Science, BASF Agricultural, Syngenta, DuPont, ADAMA, Arysta LifeScience, Nufarm, Nissan Chemical and Binnong Technology. Heavy investments in R&D by key players to introduce innovative bioherbicides will further fuel competition in the market over the coming years.

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