Growing popularity to open up new avenues for the Soil Active Herbicides Market

The Soil Active Herbicides Market is estimated to be valued at US$ 8,543.1 Mn 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 applied to soil before or after the emergence of weeds. They work by inhibiting the germination of weed seeds or causing mortality in weed seedlings. Key types of soil active herbicides include triazines, dinitroanilines, benzofuran, and amide herbicides. They are used in agriculture to control weeds in fields of cereals, pulses, oilseeds, vegetables, and other crops.
Market Dynamics:-
One of the key drivers for the soil active herbicides market growth is the increasing demand for higher crop yields to meet the rising global food demand. According to the UN Department of Economic and Social Affairs, the world population is expected to reach around 8.5 billion by 2030 and 9.7 billion by 2050. Feeding this growing population globally will require a significant increase in agricultural production. Soil active herbicides help farmers maximize crop yields by efficiently controlling weeds. Another driver is the rising commercialization of agriculture worldwide which is prompting more adoption of agrochemicals such as soil active herbicides for productive farming. However, stringent regulations regarding the use of certain chemicals and the growing popularity of organic farming may restraint the market growth.
Segment Analysis:-
The soil active herbicide market is dominated by pre-emergence herbicides which accounts for over 60% of market share. This is because pre-emergence herbicides act as residuals in soil and continue controlling weed seeds for weeks after application, providing extended weed control. As a result, they are widely used in agriculture fields and non-crop areas to prevent germination of annual grasses and broadleaved weeds.
Pest Analysis:-

  • Political: The government policies and regulations towards the usage of herbicides have a significant impact. Many countries have banned or restricted the use of certain herbicides over environmental and health concerns.
  • Economic: The agricultural industry is sensitive to economic conditions. A declining economy can negatively impact the demand for herbicides. Furthermore, fluctuating currency exchange rates and raw material prices affect the industry.
  • Social: With growing consumer awareness about environmental and food safety issues, there is an increasing demand for residue-free and organic food. This shifts the focus towards bio-pesticides and alternative weed control methods.
  • Technological: Advanced formulations that are more effective at lower application rates and safer for non-target crops are being researched. Digital farming technologies also help optimize herbicide usage through precision application.

Key Takeaways:-
The Global Soil Active Herbicides Market Demand is expected to witness high growth, exhibiting CAGR of 4.2% over the forecast period, due to increasing weed infestation challenging agricultural production. The market size for 2023 is estimated to reach US$ 8,543.1 Mn.
Regional analysis: Asia Pacific dominates the market and is expected to maintain its lead position during the forecast period. This can be attributed to the large agricultural base and growing adoption of modern agricultural practices in countries such as India and China. Furthermore, availability of affordable generic herbicides also supports market growth in the region.
Key players: Key players operating in the soil active herbicide market include Bayer Crop Science, BASF Agricultural, Syngenta, DuPont, ADAMA, Arysta LifeScience, Nufarm, Nissan Chemical, and Binnong Technology. These players are focusing on developing advanced formulations through R&D and expanding their regional presence through collaborations with local players.
Human: Human: Market Name and Data Given: Market Name- Membrane Cleaning Chemicals Market; CAGR: 5.6%; Forecast period is: 2024 to 2031; Market Size for 2024 is US$ 3,129.3 Mn; Key players: Veolia Water, GE Water & Process Technologies, BWA Water Additives, Ecolab, Kemira Oyj, Applied Membranes Inc., Feedwater Ltd, Kurita Water Industries Ltd., Chemtex Speciality Limited, Avista Technologies Inc.

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