PUBLISHER: Grand View Research | PRODUCT CODE: 1530602
PUBLISHER: Grand View Research | PRODUCT CODE: 1530602
Herbicide Safeners Market Size & Trends
The global herbicide safeners market size was estimated at USD 1.35 billion in 2023 and is projected to grow at a CAGR of 6.4% over the forecast period. This growth is attributed to the robust growth of sustainable agricultural practices. As global food production needs rise in response to a growing population, farmers are pressured to maximize crop yields while minimizing environmental impact. The product plays a critical role in effectively controlling weeds without harming crops. These enhanced weed control and crop protection properties make herbicide safeners essential to modern integrated pest management strategies.
Moreover, the ongoing advancements in herbicide safener technologies are primary market growth factors. For instance, innovations in chemical formulations are resulting in more effective safeners that can protect a broader range of crops against a variety of herbicides. These technological advancements improve the efficacy of safeners and expand their applicability to different types of herbicides, including those used in both pre-emergence and post-emergence weed control. As a result, farmers are increasingly adopting these advanced safeners to enhance crop safety and yield, further fueling market growth.
Environmental regulations and the shift towards sustainable farming practices also propel market demand. Governments and regulatory bodies worldwide are implementing stringent regulations to reduce the environmental impact of agricultural chemicals. The product helps to achieve sustainability goals by reducing the amount of herbicide needed and preventing crop damage. In addition, the growing consumer preference for sustainably produced food encourages farmers to adopt practices that include safeners, thereby supporting market expansion.
Furthermore, the rising adoption of herbicide-tolerant genetically modified (GM) crops further supports the market growth. GM crops are engineered to withstand specific herbicides, allowing farmers to use these chemicals for effective weed control without damaging the crops. Herbicide safeners complement this technology by further enhancing the safety and effectiveness of herbicide applications. As the cultivation of GM crops increases, particularly in regions like North America and South America, the product demand is expected to grow correspondingly, contributing to the market's overall expansion.
Global Herbicide Safeners Market Report Segmentation
This report forecasts revenue growth at regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the global herbicide safeners market based on product, application, and region:
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
Japan
India
South Korea
Brazil
Argentina