Market Overview
Global Herbicide Safeners Market size is projected to reach approximately USD 2,435.2 Million by 2027, at a CAGR of 7.6% from 2020 to 2027.
Market Dynamics
In recent years, the global herbicide safeners market has shown rapid growth. Herbicide use has increased among farmers as a result of rising population and growing concerns about food security, resulting in an increase in herbicide-induced crop damage. Herbicide safeners market are growing in popularity as a result of this. More manufacturers are including safeners in their herbicide formulations as a result of the product's demand. One of the key reasons leading to the increased demand for food is the growing population. As a result, the amount of land harvested for various crops has increased. Increased use of agrochemicals such as herbicides, fungicides, herbicide surfactants, and herbicide safeners would result from increased harvested area.
With the expanding need for herbicides around the world, the demand for herbicide safeners market is skyrocketing. Herbicide treatment in the field has a positive impact on crop growth, yield quality, and yield quantity. Herbicides are in high demand because to their agricultural benefits, and to meet the needs of an ever-increasing population. Herbicides, in addition to their advantages, can be harmful to both the environment and humans. Herbicides can leave chemical residues in the environment that are potentially dangerous to humans. To prevent crops from herbicide-related harm, safeners are added to herbicides. Contract farming, in which firms contribute considerable agricultural inputs, is becoming more popular, resulting in increased product awareness and growth.
However, during the review phase, a regulatory prohibition on some herbicides in various locations may stifle herbicide safeners market growth.
Competitive Dynamics
DowDuPont Inc. (US), BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), Nufarm Limited (Australia), Adama Agricultural Solutions (Israel), Arysta LifeScience (US), Drexel Chemical Company (US), Land O’Lakes (US), Sipcam-Oxon Group (Italy), Helm AG (Germany), Tenkoz (US), UPL Limited (India)
Segmental Analysis
The Post-Emergence section is expected to develop at the fastest rate during the forecast period, according to Application Stage. Due to the efficiency of herbicide safeners, farmers all over the world prefer to apply them at the post-emergence period. Herbicide safeners for post-emergence application are being introduced, which is encouraging the segment's growth.
Non-Selective Herbicides are predicted to dominate the market growth in terms of herbicide selectivity. Herbicides that are intended to control both broadleaf and grass weeds are known as non-selective herbicides. Growing demand for GM crops is expected to fuel the development of non-selective herbicide safeners.
In terms of crop type, maize held the biggest herbicide safeners market share in 2019 and is expected to continue to do so throughout the projection period. Maize is the most frequently farmed cereal in the world, with the highest production of all cereals, and it is this section that uses the most herbicide safeners.
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Regional Overview
In 2019, North America held the greatest herbicide safeners market size, with the United States as the leading contributor. New agricultural technologies are continually being adopted in North America, and these approaches are being implemented in household farming systems. Herbicide safener manufacturers in North America are investing and expanding their production facilities.
During the projection period, Asia-Pacific will be one of the most attractive herbicide safeners market forecast. Farmers in this region are becoming more aware of the benefits of herbicide safeners. In addition, India and China are two of the most populous countries in terms of agricultural land. The market is growing due to the expansion of the agricultural sector and increased awareness of the product among farmers in these emerging countries.
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