Global Soil Active Herbicides Market Research Report forecast 2019-2026
Summary - A new market study, titled “Global Soil Active
Herbicides Market -2019-2026” has been featured on Wise Guy Reports.
Global Soil Active
Herbicides Market - Overview:
Herbicides market is likely
witness surge in prices owing to the ongoing harsh trade factors of China.
China is one of the major producers and exporters of herbicides in the world
owing to the presence of renowned manufacturers such as China National Chemical
Corporation and Sinochem Corporation. According to The Observatory of Economic
Complexity, the exports of pesticides from China reached $5.12 billion in 2017.
The increasing tariff on products exported by China into
U.S. is likely to effect the global pricing scenario of soil active herbicides.
Furthermore, the recent mergers and acquisitions in the market is presenting an
opportunity for the manufacturers for increasing price of their prominent
herbicide brands. The global Soil Active Herbicides market valued USD XX
billion in 2018 and is estimated to reach USD XX billion by 2026, at a CAGR of
XX% 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 soil for a period of time and can be applied to the soil both
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.
Global Soil Active Herbicides Market - Dynamics:
The growing demand for improving agricultural yield owing to
surging food demand and reducing arable land is the major factor for the growth
of soil active herbicides market across the globe. The demand for food is
rapidly surging with the growth of population and dietary changes. 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 need for enhancing agricultural productivity, thereby
driven the use of effective farming materials including herbicides. Furthermore,
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 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 severe effect on humans,
birds and animals in the habitat of treated area. Moreover, improper use of
herbicides may result in a damage to crop plants, thus effecting the overall
crop productivity.
Global Soil Active Herbicides Market –Market Segmentation:
The global soil active herbicides market has been segmented
by type into synthetic and biological soil active herbicides. Synthetic
herbicides has been the most used category of herbicides over decades owing to
their high potential of weed control in wide variety of crops. Synthetic soil
active herbicides remained the largest category by type with a share of over
70% in 2018 and is expected to hold its dominance over the forecast period. By
time of application, pre-plant incorporation is the most preferred method for
soil active herbicides. The interest of farmers towards early herb management
is driving the practice of this method.
By geography, the study is segmented into North America,
South America, Europe, Asia Pacific, Middle East and Africa. 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% in the global soil-active herbicides market in 2018 and the share is likely
to increase by the end of forecast period. Moreover, the growing production of
glyphosate resistant crops is driving the growth of soil active herbicides
market in North America region. According to the U.S. Department of Agriculture
(USDA), 93% of soybeans, 85% of corn, and 82% of cotton in American agriculture
engineered as glyphosate resistant.
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 of the market. The highly established
crop protection business is motivating significant number of business expansion
activities in soil active herbicides market. In 2017 and 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 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 world’s largest seed and agro-chemicals 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 Arysta LifeScience
Corporation.
Why Purchase the Report?
• Visualize the composition of the global soil active
herbicides market across each indication, in terms of type, mode of action,
mobility, time of application, and end user industry, highlighting the key
commercial assets and major players.
• Identify commercial opportunities in global soil active
herbicides market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the
global soil active herbicides market - level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put
together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key products of all major
market players
Target Audience:
• Agrochemical manufacturers
• Farmers and grower communities
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5613646-global-soil-active-herbicides-market-2019-2026
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