The global 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 primarily used in agriculture to control weeds. They work by either inhibiting germination of weed seeds or killing emerged weeds. Many farmers prefer soil active herbicides for their convenience of single application and long lasting effect.

Market key trends:

One of the key trends in the soil active herbicides market is the growing demand for bio-based and organic herbicides. Conventional synthetic herbicides have residual effects and raise concerns about environmental pollution. They also promote the development of herbicide resistance in weeds over time. Hence, many farmers are shifting to eco-friendly alternatives such as corn gluten meal, essential oils, and vinegar which arederived from natural sources and degrade quickly without leaving traces of toxic residues. Moreover, advancement in plant genetics and precision application techniques help minimize the volume of herbicides used and prevent losses to crops, which is boosting the adoption of soil active herbicides.

Segment Analysis:-

The global soil active herbicides market is segmented by type, crop type, form and mode of action. Based on type, the triazoles segment is expected to dominate the market during the forecast period. Triazole herbicides are widely used due to their low toxicity, high selectivity towards crops and effectiveness against weeds.

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 herbicides to control weeds and boost crop productivity.

Regional analysis:-

North America dominated the soil active herbicides market in 2023, accounting for around 30% of the global market share. The region is expected to continue its dominance during the forecast period, owing to the large agricultural base and rapid adoption of advanced agricultural technologies. Asia Pacific is projected to be the fastest growing market for soil active herbicides, due to rising population, increasing demand for food and expansion of agricultural activities in major countries like China and India.

Key players:-

Key players operating in the soil active herbicides market are Bayer Crop Science, BASF Agricultural, Syngenta, DuPont, ADAMA, Arysta LifeScience, Nufarm, Nissan Chemical, Binnong Technology. Bayer Crop Science and Syngenta captured over 30% of the global market share in 2023 owing to their broad product portfolio and strong distribution network across major markets.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it