Herbicide Safeners Market to Grow with a CAGR of 4.12% through 2028
Regulatory compliance and environmental concerns and
increasing herbicide usage is expected to drive the Global Herbicide Safeners
Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Herbicide
Safeners Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Herbicide Safeners Market
stood at USD 1.06 billion in 2022 and is anticipated to grow with a CAGR of 4.12%
in the forecast period, 2024-2028. The awareness among individuals regarding Herbicide
Safeners has led to favorable market conditions for the global Herbicide
Safeners market. Several factors contribute to the growth of various Herbicide
Safeners products. The expansion of
agricultural practices, including the adoption of genetically modified (GM)
crops, has played a significant role in driving the growth of herbicide
safeners. GM crops, such as herbicide-resistant varieties, allow for the use of
specific herbicides to control weeds without harming the crop itself. Herbicide
safeners are often used in conjunction with these crops to protect them from
herbicide-induced stress and ensure optimal crop performance. The adoption of
modern agricultural techniques and technologies contributes to the increased
demand for herbicide safeners.
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The rising use of herbicides worldwide. Herbicides are
essential for controlling weeds that can compete with crops for nutrients,
water, and sunlight. As agriculture intensifies to meet the growing global food
demand, the use of herbicides becomes more widespread. Herbicide safeners
provide a solution to mitigate the potential harmful effects of herbicides on
crops, making them an essential component of modern agricultural practices,
which will further fuel market growth.
In October 2023 - Corteva Agriscience announces the
start of commercial production of its new product, Utrisha N herbicide safener.
Utrisha N is a broad-spectrum herbicide safener that is effective against a
wide range of herbicides, including glyphosate, sulfonylureas, and triazines.
It is also safe for soybeans, corn, and wheat.
Farmers and agricultural companies are increasingly
focused on crop protection and yield enhancement. Crop protection is crucial
for safeguarding agricultural investments, and enhancing crop yields is
essential for meeting the growing global food requirements. Herbicide safeners
aid in both these objectives by allowing the application of herbicides that
would otherwise be too damaging to the crop. This dual benefit of crop
protection and yield enhancement has led to the growing demand for herbicide
safeners.
In today's fast-paced world, maintaining a balanced
diet can be challenging, leading to nutrient deficiencies. Consequently, the
consumption of Herbicide Safeners has witnessed significant growth as consumers
seek to fulfill their daily nutritional needs and maintain optimal health.
Moreover, rising healthcare expenditures worldwide are driving the demand for Herbicide
Safeners. The growing elderly population in both developed and developing
economies presents attractive growth opportunities for market players, as
seniors increasingly turn to Herbicide Safeners to meet their dietary
requirements, strengthen their bones, and enhance overall well-being. The
nutraceutical industry is a dynamic and evolving sector that presents unique
opportunities to merge scientific discoveries with increasing consumer interest
in health-enhancing foods. By closely monitoring consumer trends and
relationships with mass distributors, this industry responds directly to demand
by developing products that improve health, delay aging, prevent chronic
diseases, increase life expectancy, and support bodily functions.
Regulatory authorities around the world are placing
stricter regulations on the use of herbicides to protect human health and the
environment. In response to these regulations and increasing environmental
concerns, there is a growing emphasis on sustainable and responsible
agriculture. Herbicide safeners align with these goals by enabling the use of
lower herbicide dosages, which reduces the environmental impact and lowers the
risk of herbicide residues in crops.
In recent times, there is little room for crop
setbacks due to weed competition. Weed can significantly reduce crop yields and
productivity. Herbicide safeners protect crops from herbicide-induced stress
and damage, allowing them to grow vigorously. This protection ensures that
crops can thrive and reach their full yield potential, helping to meet the
ever-increasing demand for food and agricultural products. Fast-paced
agriculture demands efficiency. Herbicide safeners enable the use of herbicides
with a high level of selectivity, effectively targeting weeds while leaving the
crop unharmed. This precise weed control allows farmers to manage their fields
efficiently, reducing the need for additional labor-intensive weed management
methods. As a result, herbicide safeners contribute to efficient farming
practices. Sustainability and environmental responsibility are paramount in
today's fast-paced world. Herbicide safeners are environmentally friendly
tools, as they enable the use of lower herbicide dosages. This reduces the
overall environmental impact by minimizing herbicide residues in crops,
herbicide runoff into water bodies, and collateral damage to non-target
organisms. Their use aligns with the growing emphasis on eco-friendly
agricultural practices. The emergence of herbicide-resistant weeds is a major
concern in agriculture. These fast-adapting weeds can reduce the effectiveness
of herbicides, posing challenges for farmers. Herbicide safeners play a
critical role in addressing this issue. By enabling diversified weed management
strategies, they help farmers combat herbicide-resistant weeds effectively and
maintain high crop productivity. However, Herbicide Resistance and Changing
Weed Dynamics may hinder market growth. Moreover, challenges related to Stringent
Regulatory Environment and Public Perception and Environmental Concerns may
pose obstacles to the Herbicide Safeners market in the near future.
The Global Herbicide Safeners Market is segmented into
type, application, crop, herbicides, regional distribution, and company.
Based on its crop type, the soyabean segment has
emerged as the predominant market leader, Soybean farming often involves the
use of herbicides to control weed competition, which can significantly impact
crop yield. Given the economic importance of soybeans and their use in various
food and industrial products, farmers have a strong incentive to protect and
maximize their soybean yields. Herbicide safeners play a vital role in this
process, allowing farmers to use herbicides effectively without harming the soybean
crop. The widespread adoption of herbicides in soybean cultivation creates a
substantial demand for herbicide safeners. Certain herbicides are particularly
important in soybean farming due to their effectiveness in controlling weeds.
Herbicide safeners, like Benoxacor, can be applied in combination with
herbicides such as S-metolachlor and acetochlor, which are commonly used in
soybean fields. These herbicide-safener-herbicide combinations enhance weed
management while safeguarding soybean crops from herbicide-induced stress.
Based on region, North America segment is expected to
grow during the forecast period. North America, particularly the
United States and Canada, boasts a vast and highly productive agricultural
sector. These countries are major producers of crops like corn, soybeans,
wheat, cotton, and more. The extensive cultivation of these crops necessitates
effective weed management solutions, including herbicide safeners. North
America is known for its herbicide-intensive farming practices. The use of
herbicides is widespread to control weeds and maximize crop yields. Herbicide
safeners play a crucial role in this context by ensuring that herbicides can be
applied without causing harm to the crops. The demand for herbicide safeners
aligns with the intensity of herbicide use in the region. North America has
seen substantial adoption of genetically modified (GM) crops, such as
herbicide-resistant soybeans and corn. These GM crops are engineered to
tolerate specific herbicides, making herbicides an integral part of weed management.
Herbicide safeners are used in conjunction with herbicides in GM crop systems
to protect crops from herbicide-induced stress.
The Europe market is poised to be the fastest-growing
market, offering lucrative growth opportunities for Herbicide Safeners players
during the forecast period. Factors such as Europe have been at the forefront
of promoting sustainable agricultural practices. There is a growing emphasis on
reducing the environmental impact of agriculture and adopting responsible pest
and weed management strategies. Herbicide safeners align with these
sustainability goals by enabling more precise and efficient herbicide use,
reducing herbicide residues, and minimizing environmental impact. In response
to environmental and regulatory pressures, Europe has witnessed a shift away
from certain herbicides. This has created a need for alternative weed
management solutions, including herbicide safeners. As farmers explore new
strategies to manage weeds while protecting their crops, the demand for
herbicide safeners is poised to grow.
Major companies operating in Global Herbicide
Safeners Market are:
- Corteva Agriscience
- BASF SE
- Bayers AG
- Syngenta
- Nufarm
- ADAMA
- Arusta LifeScience
- Drexel Chemical Company
- Wnifield United
- Helm AG
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“The regulatory compliance and environmental concerns
and increasing herbicide usage are key drivers of the Herbicide Safeners
market. In recent years, growing Herbicide-resistant weeds has become a
significant challenge in agriculture. To address this issue, farmers are
diversifying their weed management strategies, including the use of different
herbicides. Moreover, the growing consumer emphasis on preventative agriculture
products has enhanced production and marketing efforts. To meet the demands of
the market, manufacturers are increasingly incorporating cutting-edge
technologies with high production efficiency. Rising consumer acceptance and
continuous product innovation will further ensure the growth of the Herbicide
Safeners market in the coming years.,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based management consulting firm.
“Herbicide Safeners Market – Global Industry
Size, Share, Trends, Opportunity, & Forecast 2018-2028 Segmented By Type
(Benoxacor, Furilazole, Dichlormid, Isoxadifen, Others), By Crop (Corn,
Soyabean, Wheat, Sorghm, Barley, Rice, Others), By Herbicides (Selective
Herbicides, Non-Selective Herbicides), By Application Stage (Pre-Emergence,
Post-Emergence), By Region, Competition”, has evaluated the future growth
potential of Global Herbicide Safeners Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Herbicide Safeners Market.
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