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Soil Active Herbicides Market Poised to Hit $9.89 Billion by 2029 with Accelerating Growth Trends
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.Soil Active Herbicides Market Size Growth Forecast: What to Expect by 2025?
Over the last few years, there has been a robust expansion in the soil active herbicides market. It's projected to amplify from $7.24 billion in 2024 to $7.69 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. This growth during the historic period can be credited to the intensification of agriculture, development of commercial farming, rising global population, cost efficiency, agricultural support from governments, growth in herbicide-tolerant crops, the demand for high-yield crops, and initiatives to diminish environmental impact.
How Will the Soil Active Herbicides Market Size Evolve and Grow by 2029?
In the near future, the market for soil active herbicides is anticipated to experience robust growth, expanding to $9.9 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 6.5%. Contributory factors to this forecasted growth include the increasing worldwide food needs, a transition towards organic agricultural methods, government restrictions on herbicide consumption, greater agricultural research investments, and the creation of herbicide-resistant strains of crops. Other factors are consumer preference for clean label products and a competitive marketplace facilitating product distinction. Emerging trends during this projected period encompass the inclusion of digital farming technologies, innovations in herbicide formulas, combined weed management approaches, in-depth research into how active ingredients work, education on managing herbicide resistance, market amalgamation and acquisitions, and the development of organic and bio-based alternative products.
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What Drivers Are Propelling the Growth of Soil Active Herbicides Market Forward?
The escalating worldwide population and shifting choices towards plant-based nourishment are projected to propel the expansion of the soil-active herbicides market. The rise in the number of people can be attributed to an imbalance between births and deaths, family planning neglect, migration, among others. Foods completely derived from plants, excluding dairy or meat products, are known as plant-based foods. Individuals in both developed and emerging nations are increasingly becoming health-conscious, focusing on a diet rich in plant-based foods. The increasing population necessitates more food production, leading to a rise in the use of herbicides and other natural or chemical fertilizers for higher yield. As per the data from the United Nations (UN), a US-based global body, by 2030 and by 2050 the world population is anticipated to reach 8.5 billion and 9.7 billion respectively. Consequently, the swelling populace and the switch in preferences to plant-based food are anticipated to boost the soil-active herbicides market.
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Which Emerging Trends Are Transforming the Soil Active Herbicides Market in 2025?
The trend of product innovation is rapidly expanding in the soil-active herbicides market. Firms in this sector are primarily focusing on research and development aimed at product innovation, in order to provide extra benefits and improve yields, while also securing a competitive advantage. In February 2024, for example, the US agricultural chemical firm Corteva Agriscience launched a novel residual herbicide, Enversa. By incorporating proprietary encapsulated acetochlor, Enversa effectively combats tough broadleaf and grass weeds and ensures high crop tolerance for soybeans and cotton. Its flexible application, compatibility with tank-mix solutions, and low water solubility allows it to remain on the soil even during rainfall, provides superior stability in mixtures and ultimately, enhances productivity.
What Are the Key Segments in the Soil Active Herbicides Market?
The soil active herbicides market covered in this report is segmented -
1) By Product Type: Synthetic Herbicides, Bio-Herbicides
2) By Crop: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Crops
3) By Application: Pre-Plant, Pre-Emergence, Post-Emergence
Subsegments:
1) By Synthetic Herbicides: Pre-Emergent Herbicides, Post-Emergent Herbicides, Selective Herbicides, Non-Selective Herbicides
2) By Bio-Herbicides: Plant-Based Herbicides, Microbial-Based Herbicides, Biochemical Herbicides
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Who Are the Key Players Shaping the Soil Active Herbicides Market's Competitive Landscape?
Major companies operating in the soil active herbicides market are Bayer AG, BASF SE, Syngenta AG, DuPont de Nemours, Inc., ADAMA Ltd., Arysta LifeScience, Inc., Nufarm Limited, Nissan Chemical Industries, Ltd., Shandong Binnong Tech Co., Ltd., FMC Corporation, UPL Ltd., Bhaskar Agrochemicals Limited, Dhanuka Agritech Limited, Insecticides Limited, Corteva Agriscience LLC, Sumitomo Chemical Co., Ltd., Cheminova A/S, Gowan Company LLC, Isagro S.p.A., Jiangsu Yangnong Chemical Group Co. Ltd., Kumiai Chemical Industry Co. Ltd., Makhteshim Agan Industries Ltd., Nippon Soda Co. Ltd., Rotam CropSciences Ltd., SinoHarvest Corporation, PI Industries Limited, Rallis India Limited, Sulphur Mills Limited
What Geographic Markets Are Powering Growth in the Soil Active Herbicides Market?
Asia-Pacific was the largest region in the soil active herbicides market share in 2024. The regions covered in the soil active herbicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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