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Global Herbicides Safener Market Growth Prospects, Future Industry Landscape And Forecast To 2033
Global Herbicides Safener Market Growth
Herbicides Safener 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 $1.78 billion In 2028 At A CAGR Of 6.9% :
The herbicides safener market size has grown strongly in recent years. It will grow from $1.26 billion in 2023 to $1.36 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to expansion of agriculture land, global emphasis on crop yield improvement, government initiatives for weed control, focus on sustainable agriculture, increased adoption of genetically modified crops.
The herbicides safener market size is expected to see strong growth in the next few years. It will grow to $1.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to emergence of new herbicide-resistant weeds, precision agriculture adoption, rising investment in agriculture r&d, stringent regulatory standards, market demand for crop protection solutions. Major trends in the forecast period include advancements in safener technologies, biologicals in weed management, education and awareness programs, customized solutions for different crops, compatibility with diverse herbicides.
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Herbicides Safener Market Major Segments
The herbicides safener market covered in this report is segmented -
1) By Type: Benoxacor, Furilazole, Dichlormid, Isoxadifen, Other types
2) By Crop: Corn, Soybean, Wheat, Sorghum, Rice, Other crops
3) By Herbicide Selectivity: Selective Herbicides, Non-selective Herbicides
4) By Application Stage: Pre-emergence, Post-emergence
Key Driver - The Surge In Herbicide Utilization And The Herbicides Safener Market's Growth Trajectory
The increasing use of herbicides is expected to propel the growth of the herbicides safener market going forward. Herbicide refers to a type of pesticide that is used to kill or control unwanted plants and weeds. The herbicides are mostly driven by herbicide-resistant weeds, demand for higher crop yields, and improper application of herbicides, where herbicide safeners are used to protect crops from the damaging effects of the herbicides. For instance, in May 2023, according to the Eurostat, an EU-based statistical office, in the European Union, 355,175 tons of pesticides were sold in 2021, representing a modest rise of 2.7%. Therefore, the increasing use of herbicides is driving the growth of the herbicides safener market.
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Prominent Trend - Syngenta Group's Breakthrough Recognition Herbicide Sets New Standards In Weed Control
Product innovation has emerged as a key trend gaining popularity in the herbicide safener market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in April 2023, Syngenta Group, a Switzerland-based provider of agricultural science and technology launched Recognition herbicide. The herbicide may be used in tank combinations for faster, stronger, and wider-spectrum control, and it can be utilized in broadcast applications. Recognition provides control over forty weeds, including main sedges, dollarweed, clover in St. Augustinegrass, buffalograss, kikuyugrass, and zoysiagrass. Recognization is a novel and interesting control alternative for golf course superintendents, sod farmers, and lawn care operators because its safety on St. Augustinegrass has been positively assessed.
Herbicides Safener Market Players
Major companies operating in the herbicides safener market report are BASF SE, Bayer AG, Syngenta AG, Adama Agricultural Solutions Ltd., Arysta LifeScience Corporation, Drexel Chemical Company, Winfield United LLC, Sipcam-Oxon Group, HELM AG, Tenkoz Inc., Subaru Corporation, Corteva Inc., Rainbow Agro Sciences LLC, Helena Agri-Enterprises LLC, Sumitomo Chemical Co. Ltd., American Vanguard Corporation, FMC Corporation, Nufarm Limited, Dow Inc., Nippon Soda Co. Ltd., Rotam CropSciences Ltd., Sinochem Group Co. Ltd., Valent Biosciences Corporation, Zhejiang Wynca Chemical Industry Group Co. Ltd., Kumiai Chemical Industry Co. Ltd., Makhteshim Agan Industries Ltd., Nissan Chemical Industries Ltd., DuPont de Nemours Inc., Gowan Company LLC, Nanjing Red Sun Co. Ltd.
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Largest And Fastest Growing Region In The Market
South America was the largest region in the herbicides safener market in 2023. The regions covered in the herbicides safener 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. Herbicides Safener Market Report Structure
3. Herbicides Safener Market Trends And Strategies
4. Herbicides Safener Market - Macro Economic Scenario
5. Herbicides Safener Market Size And Growth
…..
27. Herbicides Safener Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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