The global Soil Active Herbicides Market is estimated to be valued at US$ 8,543.1 Mn or 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.

SWOT Analysis:-

·         Strength: Availability of a wide range of products catering to different crop types and weed control needs.

·         Weakness: Stringent regulations surrounding the use of chemical herbicides due to environmental and health hazards.

·         Opportunity: Growing demand for organic and sustainable farming practices provides an opportunity to increase sales of bio herbicides.

·         Threats: Price volatility of raw materials can increase production costs. Weather fluctuations may impact effectiveness.

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 high-yielding crops and limited availability of arable land. The market size for 2023 is estimated to be US$ 8,543.1 Mn.

Regional analysis:-

The Asia Pacific region currently dominates the global market and is expected to maintain its position over the forecast period. Countries such as India, China and Japan are major consumers of soil active herbicides due to large agricultural outputs in these countries. North America is expected to be the fastest growing market, supported by growing demand for herbicide-tolerant crops in the United States.

Key players operating in the soil active herbicides market include Bayer Crop Science, BASF Agricultural, Syngenta, DuPont, ADAMA, Arysta LifeScience, Nufarm, Nissan Chemical and Binnong Technology. Heavy investments in R&D by key players to introduce innovative bioherbicides will further fuel competition in the market over the coming years.

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