PUBLISHER: The Business Research Company | PRODUCT CODE: 1414280
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414280
“Herbicides Safener Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on herbicides safener market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for herbicides safener? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The herbicides safener market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Herbicide safeners are chemical compounds added to herbicides to protect crops from damage while ensuring effective weed control. They are utilized to enhance the efficiency of weed control while minimizing the risk of damage to crops.
The main types of herbicide safeners include benoxacor, furilazole, dichlormid, isoxadifen, and others. Benoxacor, for instance, is used in agriculture to safeguard crops from herbicide injury. It functions by stimulating the activity of specific enzymes in the crop that can break down the herbicide before it causes damage. Often used in combination with certain herbicides, benoxacor helps improve weed control. Major crops benefiting from herbicide safeners include corn, soybeans, wheat, sorghum, rice, and others. Selective and non-selective herbicides are used at various application stages such as pre-emergence and post-emergence.
The herbicides safener market research report is one of a series of new reports from The Business Research Company that provides herbicides safener market statistics, including herbicides safener industry global market size, regional shares, competitors with a herbicides safener market share, detailed herbicides safener market segments, market trends and opportunities, and any further data you may need to thrive in the herbicides safener industry. This herbicides safener market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 expansion observed in the historical period can be attributed to factors such as the expansion of agricultural land, a global emphasis on improving crop yields, government initiatives for weed control, a focus on sustainable agriculture practices, and 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 anticipated growth in the forecast period can be attributed to factors such as the emergence of new herbicide-resistant weeds, increased adoption of precision agriculture, rising investments in agriculture research and development, adherence to stringent regulatory standards, and a market demand for effective crop protection solutions. Key trends expected in the forecast period encompass advancements in safener technologies, the integration of biologicals in weed management, education and awareness programs, customized solutions tailored for different crops, and compatibility with diverse herbicides within the herbicide safener industry.
The anticipated rise in herbicide usage is expected to drive the growth of the herbicide safener market in the coming years. Herbicides, a type of pesticide utilized to control or eliminate unwanted plants and weeds, are driven by factors such as the emergence of herbicide-resistant weeds, the demand for increased crop yields, and improper herbicide application practices. Herbicide safeners play a crucial role in protecting crops from the adverse effects of herbicides. For example, Eurostat reported that in the European Union, 355,175 tons of pesticides were sold in 2021, reflecting a modest increase of 2.7%. This increase in herbicide use is a key driver of the growing herbicide safener market.
The increasing incidence of crop diseases is poised to contribute to the expansion of the herbicide safener market in the future. Crop diseases, affecting the health and proper functioning of cultivated plants, can have detrimental effects on crop yield. Herbicide safeners assist in mitigating the stress imposed by herbicides on crops, enhancing crop tolerance, optimizing plant metabolism, ensuring consistent crop yield, improving crop quality, and reducing the need for disease control measures. According to the National Institute of Food And Agriculture, bugs cause an annual loss of 20% to 40% of the world's crop yield. This underscores the significance of herbicide safeners in addressing the challenges posed by crop diseases and driving the growth of the market.
A prominent trend in the herbicide safener market is the emphasis on product innovation. Major market players are actively focusing on the development of innovative products to strengthen their market positions. For instance, Syngenta Group launched Recognition herbicide in April 2023. This herbicide, designed for tank combinations, provides faster, stronger, and wider-spectrum control. It is effective against various weeds, including sedges, dollarweed, and clover in different grass types. Product innovation is a testament to the industry's commitment to offering advanced solutions to meet evolving needs.
Prominent companies in the herbicide safeners market are directing their focus towards advanced solutions such as facet and duvelon to boost market revenues. Facet offers reliable and effective weed control, particularly targeting significant grassy weeds such as Echinochloa spp., and is specifically designed for application in rice fields. Meanwhile, duvelon presents tea plantations with an efficient weed control program. In a noteworthy development, BASF SE, a Germany-based chemical company, introduced facet and duvelon in May 2023. Facet L, a liquid version of the facet herbicide, enhances the control of broadleaf weeds and annual grasses such as barnyard grass and large crabgrass for rice farmers. It can be applied to the foliage of vulnerable grasses and broadleaf weeds in both dry-seeded and water-seeded rice, as well as to the soil surface before, during, or after the planting of dry-seeded rice. Notably, facet L is compatible with the clearfield production system for rice.
In March 2023, Albaugh LLC, a US-based agrochemical company, completed the acquisition of Corteva Agriscience for an undisclosed amount. The primary objective of this acquisition is to enhance Albaugh's global coverage of registrations and formulations for pure glyphosate DMA salt. This strategic move strengthens Albaugh's offerings of glyphosate products in key regions such as the United States, Canada, and Brazil. Moreover, it provides direct access to glyphosate markets in countries such as Bolivia, Ecuador, Chile, Uruguay, and Colombia, where Albaugh was not previously well-represented. Corteva Agriscience, a US-based agricultural chemical and seed company, adds valuable capabilities to Albaugh's portfolio through this acquisition.
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.
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 countries covered in the herbicides safener market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The herbicide safeners market consists of sales of 1,8-naphthalic anhydride, mefenpyr-diethyl, isoxadifen-ethyl, and cyprosulfamide. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.