Soil Active Herbicides Market Size, Share, and Forecast 2026
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.
(EMAILWIRE.COM, October 11, 2019 ) 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.
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.
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.
Geographical Analysis
By geography, the study is segmented into
North America,
South America,
Europe,
Asia Pacific,
Middle East
and Africa.
Competitive Analysis
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 worlds 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.
View full sample report: https://www.datamintelligence.com/research-report/soil-active-herbicides-market
Download free sample: https://www.datamintelligence.com/download-sample/soil-active-herbicides-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
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.
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.
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.
Geographical Analysis
By geography, the study is segmented into
North America,
South America,
Europe,
Asia Pacific,
Middle East
and Africa.
Competitive Analysis
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 worlds 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.
View full sample report: https://www.datamintelligence.com/research-report/soil-active-herbicides-market
Download free sample: https://www.datamintelligence.com/download-sample/soil-active-herbicides-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results