Global Herbicides Safener Market - 2022-2029

Global Herbicides Safener Market - 2022-2029

Market Overview

The herbicide safeners are basically the chemical that helps in protecting and safeguarding the crops and the plants from the potential damage that has caused due to the usage of the herbicide. These safeners effectively escalate the tolerance of cereal plants to herbicide application without even impacting the weed control efficiency. There are various types of herbicides safeners such as benoxacor, furilazole, dichlormid, and isoxadifen among others which are highly used in various crops such as soybean, wheat, corn, sorghum, rice, barley and other crops.

Furthermore, the high demand of herbicide safeners from the agriculture sector, the rising usages of herbicide safener for crops such as maize, wheat, barley, soybean, and others along with emerge as the major factor fostering the growth of the herbicide safeners market. In addition to this, the growing instances of crop damage due to herbicides, rising number of attempts to achieve higher yields and the growing population along with the less availability of land are further estimated to the growth of the market.

The global herbicides safener market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 7.95% during the forecast period (2022-2029).

Market Dynamics: Rising population and awareness about the benefits of herbicides safeners is driving the growth of the market

Rising population and less availability of farmable land is a key factor contributing to the increasing demand for herbicide safener. Herbicide safeners are widely utilized in variety of crops such as 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 2022-2029. In addition, the benefits of herbicide safeners such as enabling technology which helps farmers to optimize their crop productivity through improved weed management, crop protection against the injury and improving herbicide selectivity. For instance, the selectivity in wheat of 60 HPPD inhibitors sorted by total post-emergence activity.

Furthermore, increasing demand and production of products from developing 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 is likely to create lucrative opportunities for the herbicide safeners market growth during the forecast period.

However, 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.

Market Segmentation: Benoxacor stands for the highest share in global herbicides safener market

In 2021, the benoxacor segment had the highest revenue share of YY percent. Benoxacor is used in the majority of safeners available in various markets. Benoxacor safeners are primarily used on variety of crops such as soybeans, corn, and sorghum. In addition, it is a safener which is mostly suited to the selective herbicide safeners and extensively used for both pre- and post-emergent application methods. Furthermore, benoxacor safeners are used with metolachlor to strengthen the use of the safeners. In addition to this, the increasing adaption of the same across the globe is expected to further boost the overall market growth in the forecasting period. For instance, in May 2021, BASF Canada Agricultural Solutions (BASF) and Corteva Agriscience collaborated on a joint approach to weed control by recommending the use of Liberty 200 Enlist and SN herbicides in combination on Enlist E3TM soybean acres.

Geographical Penetration: North America is the dominating region during the forecast period

In 2021, North America had the highest revenue share of almost YY percent. The growing adoption of herbicide safeners and rising production of crops such as soybean & corn to meet the export requirement within the region is increasing the demand for herbicide safeners. In addition, the increasing food insecurity in the region, crop production expansion by agricultural intensification is crucial. This has enabled the farmers to further increase the market demand for crop protection chemicals such as herbicides, insecticides, and nematicides, which leads to the greater market demand for safeners that adds to the growth of the market.

Competitive Landscape:

The global herbicides safener market is competitive and comprises players such as DowDuPont, BASF, Bayer, Syngenta, Nufarm, Adama, Arysta LifeScience, Drexel Chemical Company, Land O’Lakes and Sipcam-Oxon among others. The herbicide safener market competitiveness is estimated to increase over the forecast period as the key players focus on various strategies such as agreements and product innovation for various end use industries. Moreover, growing demand for food and rising population also leads to product launches, collaborations, acquisitions and expansions which leads to the growth of the market. For instance, in 2021, Syngenta Crop Protection acquired Dipagro who a distributor of agricultural inputs in Brazilian state of mato gosso. This acquisition will increase the farmer’s access to syngenta technologies and services.

COVID-19 Impact: Negative impact on global herbicide safeners market

The COVID-19 pandemic has adversely affected the economies of various countries due to lockdowns, business close, and travel bans. Food & beverages, agriculture is among the major industries suffered from intense disruptions such as restrictions on the supply chain and the shutdown of warehouse plants.

The outbreak of covid-19 has severely impacted the overall supply chain of the herbicide safeners sales. The halt in production of crops and end use sector operations have also affected the herbicide safeners sales negatively. The pandemic has affected the overall growth of the industry in 2020 and 2021 owing to the sudden outbreak of the covid-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disruptions in import and export activities of the products. In addition, the restrictions from government for transport & supply has also impacted the herbicide safeners market. However, the farmers and manufacturers are coping up with the situation and there has been increase in demand for herbicide safeners.

The global herbicides safener market report would provide an access to approximately 61 market data tables, 55 figures and 175 pages