Herbicides Market Size Global Industry Analysis and Future

The Business Research Company’s Soil Active Herbicides Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Soil Active Herbicides Global Market Report 2023 evaluates soil active herbicides market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global soil active herbicides market size is expected to grow from $6.47 billion in 2022 to $6.83 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the soil active herbicides market is expected to grow to $8.35 billion in 2027 at a CAGR of 5.1%.

The growth of the population and changing dietary preferences towards plant-based food are expected to drive the growth of the soil-active herbicides market going forward. The population is increasing due to an imbalance between births and deaths, lack of family planning, migration, and others. Plant-based food refers to food that is completely obtained from plants and has no dairy, or meat products. People in developed and developing countries are getting cautious about their health and maintaining a regular diet that includes plant-based food. The rise in population needs more production of food to feed which increase the use of herbicides and other natural or chemical fertilizer which gives higher yield. For instance, according to the United Nations (UN), a US-based international organization, the global population is projected to reach 8.5 billion in 2030, and 9.7 billion by 2050. In addition, according to a report by Bloomberg Intelligence, a US-based business and financial data, news, and insights firm, in 2020, plant-based dairy and meat sales reached over $29 billion and are expected to increase to $162 billion by 2030. Thus, the growth of the population and changing dietary preferences towards plant-based food will drive the growth of the soil-active herbicides market.

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The soil active herbicides market segments in the report are:

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

 

The table of contents in TBRC’s soil active herbicides market report includes:

1. Executive Summary
2. Soil Active Herbicides Market Characteristics
3. Soil Active Herbicides Market Trends And Strategies
4. Soil Active Herbicides Market – Macro Economic Scenario
5. Soil Active Herbicides Market Size And Growth

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26. Africa Soil Active Herbicides Market
27. Soil Active Herbicides Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Soil Active Herbicides Market
29. Soil Active Herbicides Market Future Outlook and Potential Analysis
30. Appendix

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