Soil Active Herbicides Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMAG1840 | Last Updated On: Jul 18 2022 | Available Formats

> Global Soil Active Herbicides Market Expected to reach a high CAGR of 5.30% By 2029: DataM Intelligence

Global Soil Active Herbicides Market is segmented By Type (Bio-Herbicide, Synthetic Herbicide), By Mode of Action (Selective, Non-Selective), By Mobility (Contact, Systemic), By Time of Application (Pre-Plant Application, Pre-Emergence, Post-Emergence), By End-Use Industry (Agriculture, Construction, Sports, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview:

The Global "Soil Active Herbicides Market" is estimated to reach at a high CAGR during the forecast period.

Soil Active Herbicides are a class of herbicides that act on seeds, roots or shoots of the plants. These are incorporated into the soil to control the growth of weeds and unwanted plants. These herbicides will remain active in the ground for a period of time and can be applied to the soil before and after plantation. Several herbicide formulations with high control activity on selected plants are available to help inhibit the growth of selected plant species. The effectiveness of these herbicides depends on several factors such as soil decomposition, contact of weed part with treated soil, and active absorption by the plant. Soil active herbicides evolved as an essential part of weed management in conventional agricultural practices.

Market Dynamics:

Need to increase farm productivity, shortage of manpower and economic benefits attained by weed control are driving the sales use of herbicides

The growing demand for improving agricultural yield owing to surging food demand and reducing arable land is the major driver for the growth of soil active herbicides market across the globe. The demand for food is rapidly surging with the growth of the population and changing dietary preferences towards plant-based food. According to the statistics of The Food and Agriculture Organization (FAO), the global population is likely to reach 10 billion by 2050 and would result in a growth of over 50% in agricultural demand as compared with 2018. This is forcing the farmers to increase crop production, either by boosting productivity or increasing agricultural land. However, the arable land is constantly declining with urbanization, soil degradation, climatic changes, and some other factors. This has resulted in a need to enhance agricultural productivity, thereby driving effective farming materials, including herbicides. Furthermore, the development of innovative soil active herbicides that are highly selective and can be used for site-specific weed management is driving the market growth.

The environmental factors associated with utilization of pesticides is the primary factor hindering the growth of soil active herbicides market. A recent study on the use of herbicides explained that exposure to glyphosate, a popular herbicide increases the risk of Non-Hodgkin Lymphoma (NHL). The chemical composition of herbicides causes a severe effect on humans, birds and animals in the habitat of the treated area. Moreover, improper use of herbicides may damage crop plants, thus affecting overall crop productivity.

Market Segmentation:

A biological segment is invading synthetic herbicides due to its sustainable weed control capacity. Synthetic still leading in revenue

The global soil active herbicides market has been segmented by type into synthetic and biological soil active herbicides. Synthetic herbicides have been the most used category of herbicides over decades owing to their high potential of weed control in a wide variety of crops. Synthetic soil active herbicides remained the largest category by type with a share of over 70% in 2020 and are expected to hold their dominance over the forecast period.

However, the adverse effect of these chemicals on the environment led the growth of biological formulations. Biologic soil active herbicides are microorganisms or substances derived from plant extracts and allelochemicals that exhibit weed control capacity.

Geographical Penetration:

The Asia Pacific is leading in the global market in terms of sales volume and revenue

The Asia Pacific is the largest market by region for soil active herbicides owing to large agricultural land in China and India. Asia Pacific region accounted for over 35% of the global soil-active herbicides market in 2020 and the share is likely to increase by the end of the forecast period. Moreover, the growing production of glyphosate-resistant crops is driving the growth of the soil-active herbicides market in the North American region. According to the U.S. Department of Agriculture (USDA), 93% of soybeans, 85% of corn, and 82% of cotton in American agriculture are engineered as glyphosate-resistant.

Competitive Landscape:

Corporate consolidation led to price hikes in the market

The global soil active herbicides market is highly consolidated with top 4 players accounting for over 70% of the market share. Bayer AG, Syngenta AG (China National Chemical Corporation), DuPont de Nemours, Inc., and BASF SE are the leading players in the market. The highly established crop protection business is motivating a significant number of business expansion activities in the soil active herbicides market. In 2018, the market has witnessed remarkable acquisitions and mergers within the major pie, thus consolidating the market share.

  • In August 2018, BASF SE acquired the crop protection business of Bayer AG, and the deal include the transfer of non-selective herbicide business
  • In June 2018, Bayer AG acquired U.S.-based agrichemical manufacturer Monsanto in a deal of worth $63 billion. The acquisition marked the evolution of the world’s largest seed and agrochemicals company
  • In June 2018, Syngenta AG, a Switzerland based agrochemicals and seeds manufacturer got acquired by China National Chemical Corporation in an expert agreed largest overseas expansion of $44 billion

The increasing consolidation in the market is likely to result in price hikes for major herbicide groups. Other key players in the market are ADAMA Agricultural Solutions, Nufarm, Nissan Chemical Corporation, and UPL.

COVID-19 Impact:

The global herbicides market remained resilient to the pandemic

Agricultural activities and associated industries, including herbicide production and distribution, were exempted from all the restrictions imposed during the pandemic. The sales of herbicides remained in line with the market estimates, with demand upheld from the farming communities. However, during the first half of the pandemic, the overall agrochemicals sales slightly declined due to disruptions in trading activities, while the sales of pesticides weren’t much impacted. ​In terms of herbicide supply, short-term unavailability of migrant workers for production and closure of dealers in highly affected areas led to uneven sales. The production of crops also decreased due to the unavailability of laborers in large-scale plantations. Many fertilizer and pesticide manufacturers were facing issues due to lack of raw material availability, which has led to the reduction of various agrochemical product manufacturing.

Why Purchase the Report?

  • Understand the current market scenario and viability of global soil active herbicides over the forecast period
  • Visualize the composition of the global soil active herbicides market in terms of type, mobility, mode of action, time of application and end-users to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining to the market

What do we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Excel data sheet with valuable data points of the global soil active herbicides market – Regional and Country level segmentation
  • Product mapping in excel for the essential products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Agrochemical Companies
  • Crop Protection Associations
  • Import and Export Companies
  • Industry Investors/Investment Bankers
  • Education & Research Institutes

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