Global Herbicide Safeners Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at 7.2% through 2020 to 2026, reaching nearly US$ 1206.5 Mn.
The global Herbicide Safeners market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Herbicide Safeners report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Herbicide Safeners Market Overview:
Herbicide safeners are chemical agents used to protect crops from damage due to the use of herbicides. Rising production of crop yield and growing demand for protection of these plants is expected to propel the herbicide safeners market growth during the forecast period.
Global Herbicide Safeners Market Dynamics:
Rising population and less availability of farmable land is a key factor contributing to the increasing demand for food. Growing harvested area is led to the higher employment of agrochemicals. Herbicide safeners are widely utilized in crops like corn, soybeans, sorghums, wheat, rice, barley, and wheat, mainly in emerging economies. For instance, according to FAO, maize production is expected to reach around 88.2% at 1.2 billion during the forecast period 2020-2026. Increasing demand and production of products from economies including China and Brazil is further propelling the herbicide safeners market demand. Moreover, new actions of herbicide active ingredients for the growth of formulations combined with the adoption of potentially better solutions which likely to create lucrative opportunities for the herbicide safeners market growth during the forecast period.
Regulatory ban on herbicides combined, increasing safety and environmental concerns, negative impact on human health, and lack of awareness on the importance of herbicide safeners are the major restraining factors for the herbicide safeners market growth. Additionally, herbicide safeners are effective only for monocot plants and their effectiveness for dicot plants is unknown this factor also hinders the market growth.
Global Herbicide Safeners Market Segment Analysis:
By Type, the herbicide safeners market is segmented into Benoxacor, Dichlormid, Furilazole, and Isoxadifen. Benoxacor segment accounted for the largest market share of more than XX% in 2019 and is expected to grow at CAGR of XX% during the forecast period 2020-2026. Benoxacor herbicide safeners are widely used for crops like corn, soybean, wheat, and sorghum. The soybean production is expected to increase around 200% during the forecast period. Therefore, with the increasing harvesting area for crops, the demand for herbicides and herbicide safeners is expected to increase during the forecast period.
Global Herbicide Safeners Market
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By Selectivity Stage, the market is segmented into Post-Emergence and Pre-Emergence.
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By Selectivity, the market is segmented into Selective Herbicides and Non-Selective Herbicides.
By Crops, the market is segmented into Soybean, Corn, Wheat, Sorghum, Barley, and Rice. The maize segment is expected to hold the major share of the herbicide safeners market during the forecast period. Maize is largely grown, globally and it has the highest production rate. Soybean is another crop that has a major opportunity in the global herbicide safeners market. Rising demand and production of soybean and maize is the key factor for the market growth.
Global Herbicide Safeners Market Regional Insights:
Asia Pacific is expected to dominate the Global Herbicide Safeners Market
Growing population and decreasing farmable land are the key factors that boost the product demand and food security and safety, across the globe. Therefore increasing demand for food production in emerging regions including the Asia Pacific and South America, where the populace is increasing at a rapid pace related to emerging regions. The global cereal production is expected to grow around 13% attributed to higher yields. High cereal production growth is estimated to come from emerging economies including India and Pakistan. Corn production is expected to grow around 161 million Megaton (MT) to an extent of 1.2 billion MT during the forecast period, coupled with major shares from economies like China and Brazil which are expected to contribute 31 million MT and 24 million MT, individually. Also, rice production is expected to increase by 64 million during the forecast period, with 84% from Asian economies including India, Thailand, Indonesia, and Vietnam.
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The objective of the report is to present a comprehensive analysis of the Global Herbicide Safeners market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Herbicide Safeners market dynamics, structure by analyzing the market segments and project the Global Herbicide Safeners market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Herbicide Safeners market make the report investor’s guide.
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Global Herbicide Safeners Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Herbicide Safeners Market Key Players
• Arysta LifeScience
• Drexel Chemical Company
• Land O’Lakes
• Oxon Italia S.p.A.
• Helm AG
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