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Protecting Crops: 2024 Market Insights on Herbicide Safeners
Herbicide Safeners Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.62 billion In 2028 At A CAGR Of 7.2%.
The herbicide safeners market size has grown strongly in recent years. It will grow from $1.13 billion in 2023 to $1.22 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to increased herbicide usage, crop protection emphasis, weed resistance management, expansion of agriculture, regulatory compliance.
The herbicide safeners market size is expected to see strong growth in the next few years. It will grow to $1.62 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to continued herbicide dependence, climate change impacts, enhanced weed management practices, global food security concerns, sustainable agriculture practices. Major trends in the forecast period include focus on herbicide resistance management, collaborations between agrochemical companies, regulatory support for safe agricultural practices, integration of herbicide safeners into weed management programs, application in specialty crops and horticulture, education and training on safener utilization.
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Herbicide Safeners Market Major Segments
The herbicide safeners market covered in this report is segmented -
1) By Type: Benoxacor, Furilazole, Dichlormid, Isoxadifen, Other Types
2) By Herbicide Selectivity: Selective Herbicides, Non-Selective Herbicides
3) By Crop: Corn, Soybean, Wheat, Sorghum, Barley, Rice, Other Crops
4) By Application: Post-Emergence, Pre-Emergence
Key Driver - Surge In Herbicide Safeners Demand Drives The Growth Of The Herbicide Safeners Market
The high demand for herbicide safeners in the agriculture sector is expected to propel the growth of the herbicide safeners market going forward. 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. For instance, in October 2022, according to the Department For Environment, Food, And Rural Affairs, a UK-based government agency, UK total income from farming (TIFF) increased from US$960.78 million (£756 million) in 2020 to US$7622.70 (£5,998) in 2021, with an increase of 14%. Therefore, the high demand for herbicide safeners in the agriculture sector is driving the growth of the herbicide safeners market.
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Prominent Trend - Product Innovations Reshapes The Herbicide Safeners Market
Product innovations are a key trend gaining popularity in the herbicide safeners market. 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.
Herbicide Safeners Market Players
Major companies operating in the herbicide safeners market report 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, Hangzhou Tianlong Biotechnology Co. Ltd.
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Largest And Fastest Growing Region In The Market
South America was the largest region in the herbicide safeners market in 2023. The regions covered in the herbicide safeners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Herbicide Safeners Market Report Structure
3. Herbicide Safeners Market Trends And Strategies
4. Herbicide Safeners Market - Macro Economic Scenario
5. Herbicide Safeners Market Size And Growth
…..
27. Herbicide Safeners Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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