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Herbicide Safeners Market 2023-2032: Opportunity Assessment, Growth Rate, Industry Share And Major Players | BASF SE, Bayer AG, Rallis India Limited, Sumitomo Chemical Co. Ltd., Syngenta AG
Herbicide Safeners Market
The Business Research Company's Herbicide Safeners Global Market Report 2023 identifies high demand for herbicide safeners in the agriculture sector as the major driver for the Herbicide Safeners Market's growth in the forecast period. The agriculture sector refers to the economic activities involved in producing, processing, and distributing agricultural products. Herbicide safeners play a crucial role by protecting crops from herbicide-induced damage, allowing higher doses of herbicides to be used without harming the crops, thereby contributing to increased productivity and efficiency in agriculture.
The global herbicide safeners market is expected to grow from$1.04 billion in 2022 to $1.13 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 herbicide safeners market is expected to reach $1.5 billion in 2027 at a CAGR of 7.4%.
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Major competitors in the herbicide safeners market are BASF SE, Bayer AG, Rallis India Limited, Sumitomo Chemical Co. Ltd., Syngenta AG, Corteva Agriscience LLC, UPL Ltd., FMC Corporation, ADAMA Ltd., Wynca Zhejiang Xinan Chemical Industrial Group Co. Ltd., Nufarm Limited, Rainbow Agro Corporation, Nissan Chemical Corporation, Winfield United AG, Shandong Qilin Agrochemical Co. Ltd., Helm AG, Gowan Co. Inc., Rotam Agrochemical Company Ltd., Sipcam Oxon S.p.A, Drexel Chemical Company, Helena Agri-Enterprises LLC, Albaugh LLC, ISK Biosciences Inc., Willowood Limited, Tenkoz Inc., Mitsui Chemicals Agro Inc., Jiangsu Sevencontinent Green Chemical Co. Ltd., SinoHarvest Corporation, and Hangzhou Tianlong Biotechnology Co. Ltd.
A key trend in the Herbicide Safeners Market includes Product innovations. Major companies operating in the herbicide safeners market are launching new products to sustain their position in the market. For instance, in April 2023, Syngenta AG, a Switzerland-based agricultural chemical company, launched Recognition herbicide, an effective solution for controlling tough weeds in warm-season turf. This solution targets over 40 broadleaf weeds with excellent turf safety. It can also be mixed with Fusilade II herbicide for bermudagrass removal in zoysiagrass. It offers a safe and reliable option for turf managers, addressing the needs of various professionals in the industry.
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The Herbicide Safeners Market is segmented -
By Type: Benoxacor, Furilazole, Dichlormid, Isoxadifen, Other Types
By Herbicide Selectivity: Selective Herbicides, Non-Selective Herbicides
By Crop: Corn, Soybean, Wheat, Sorghum, Barley, Rice, Other Crops
By Application: Post-Emergence, Pre-Emergence
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. South America was the largest region in the Herbicide Safeners Market.
The Business Research Company's "Global Herbicide Safeners Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Herbicide Safeners Market Include:
1. Executive Summary
2. Herbicide Safeners Market Characteristics
3. Herbicide Safeners Market Trends And Strategies
4. Herbicide Safeners Market - Macro Economic Scenario
5. Global Herbicide Safeners Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Herbicide Safeners Market Competitive Benchmarking
33. Global Herbicide Safeners Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Herbicide Safeners Market
35. Herbicide Safeners Market Future Outlook and Potential Analysis
36. Appendix
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