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Herbicide Safeners Market Size, Opportunities And Overlook By 2033

12-07-2024 10:52 AM CET | Chemicals & Materials

Press release from: The Business research company

Herbicide Safeners Market Size

Herbicide Safeners Market Size

The Business Research Company recently released a comprehensive report on the Global Herbicide Safeners Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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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Market Drivers and Trends:

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.

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.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

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.

Herbicide Safeners Market 2024 Key Insights:

• 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%.
• Surge In Herbicide Safeners Demand Drives The Growth Of The Herbicide Safeners Market
• Product Innovations Reshapes The Herbicide Safeners Market
• South America was the largest region in the herbicide safeners market in 2023

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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