Herbicide Safeners Market Forecasts to 2028 – Global Analysis By Type (Dichlormid, Benoxacor, Furilazole, Isoxadifen and Other Types), Process (Sorting, Testing, Sawing and Others), Herbicide Selectivity, Crop and By Geography

Herbicide Safeners Market Forecasts to 2028 – Global Analysis By Type (Dichlormid, Benoxacor, Furilazole, Isoxadifen and Other Types), Process (Sorting, Testing, Sawing and Others), Herbicide Selectivity, Crop and By Geography

According to Stratistics MRC, the Global Herbicide Safeners Market is accounted for $1.1 billion in 2022 and is expected to reach $1.8 billion by 2028 growing at a CAGR of 8.5% during the forecast period. Herbicide safeners are antidotes for herbicides. They are chemical agents that increase the tolerance level in cereal plants from the impact of herbicides. It provides several benefits such as agriculture weed control and decrease in impact of selective chemicals. These are chemicals that help protect crops from the possible damage caused due to the use of herbicide. It can effectively escalate the tolerance of cereal plants to herbicide application without impacting the weed control efficiency.

According to the Crop Production Annual Summary released by the US Department of Agriculture’s National Agricultural Statistics Service (NASS), soybean production reached a new high of 4.44 billion bushels up to an increase of 5% with record-high yields in 21 states and the average soybean yield is estimated to be 51.4 bushels per acre.

Market Dynamics:

Driver:

Growing demand for crop solution products

The increasing dominance of weeds owing to climate change conditions has led to a decrease in the quality and yield of various agricultural crops. Safeners are gaining popularity in practice, owing to the growing demand for crop solution products. The competence of contact with these chemicals depends on factors, such as contact of shoots and roots with herbicide-treated soil, along with the availability of the energetic ingredient and uniform coverage of soil treatment, among others are creating high market demand.

Restraint:

Problems related to herbicide residue

Herbicide residues can cause serious injure to plants if not carefully monitored and guarded. The breakdown requires enough time, moisture and temperature in the soil to support the growth of microbes that degrade herbicide compounds. They can damage sensitive crops grown in consequent seasons and restricts recropping options which hinders the growth.

Opportunity:

Horticulture and agronomic crops

Safeners are used for controlling the germinating weeds in a variety of settings, such as horticulture and agronomic crops. These safeners act quickly, and they can be applied to a specific area or where other methods of weed control are not possible. Moreover, chemical weed control has a number of advantages, such as it provides control of strong competing weeds during crop establishment and thus helps get a weed control job that cannot be done. They slow down or kill weeds and do not harm crop plants beyond the point of economic recovery and show a lucrative growth in the market.

Threat:

Lack of awareness

The lack of awareness among farmers, especially farmers regarding the use of herbicide safeners, spends a lot on crop protection products and other materials. In spite of spending so much they face the damages and losses incurred due to herbicide injury in the form of quality and yielding which is restraining the growth of the market.

Covid-19 Impact

The COVID-19 pandemic has impacted the supply chain of herbicide safeners, as many countries are under lockdown and have sealed their borders to curb the spread of the virus. Strict containment measures imposed by governments to control the impact of the outbreak have led to a major restraint in transportation. This impact on logistics has hampered the supply of raw materials, resulting in a shortfall in the production of the product. These factors are expected to result in a price hike of herbicide safeners in the short run.

The benoxacor segment is expected to be the largest during the forecast period

The benoxacor segment is estimated to have a lucrative growth, due to its increasing use in various crops such as soybeans, corn, and sorghum crops across various industries. It is used with metolachlor. It is mostly compatible with selective herbicides and can be used for both pre and post emergent application methods which are raising the market share at a rapid pace.

The Pre-emergence segment is expected to have the highest CAGR during the forecast period

The Pre-emergence segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its capability of targeting a specific type of weed across various crops. It prevents germinated weed seedlings from inhibiting root, shoot or both growths. It has no effect on weed seeds. So, the segment is expected to witness the fastest growth during the period.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to its constantly adopting new agricultural technologies and applying these techniques in domestic farming systems. The companies in this region are investing and expanding their production facilities for herbicide safeners at high range which is increasing the market share.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to their most lucrative markets for herbicide safeners. In this region, farmers are becoming aware of safeners used in herbicides and their benefits. And this region has the top countries with large agricultural land. The growth of the agricultural sector and increasing awareness of the product among the farmers of these developing countries is driving the market growth.

Key players in the market

Some of the key players profiled in the Herbicide Safeners Market include Syngenta, Nufarm Limited, BASF, Drexel Chemical Company, DowDuPont Inc, Sipcam-Oxon Group, Land O’lakes, Inc, Adama Agricultural Solutions, Tenkoz, Bayer, Corveta Agri Science, Helm AG, Bluestar, Arysta Lifescience, UPL, Rainbow Agro, Tenkoz, Bharat Rasayan Limited, HPM, Shiva Pharmachem, Bhagiradha Chemicals, Simson Pharma Limited

Key Developments:

In July 2021, Syngenta Crop Protection announced the signing of a contract to acquire Dipagro, a distributor of agricultural inputs in the Brazilian state of Mato Grosso. This move would increase farmer’s access to Syngenta’s technologies and services in the region experiencing rapid agricultural growth.

In May 2021, Corteva Agriscience and BASF Canada Agricultural Solutions announced collaboration and a joint approach to weed control by recommending the use of Liberty 200 SN and Enlist herbicides in combination on Enlist E3TM soybean acres.

Types Covered:
• Dichlormid
• Benoxacor
• Furilazole
• Isoxadifen
• Other Types

Applications Covered:
• Pre Emergence
• Post Emergence
• Other Applications

Herbicide Selectivities Covered:
• Non Selective Herbicides
• Selective Herbicides
• Other Herbicide Selectivities

Crops Covered:
• Wheat
• Rice
• Corn
• Soybean
• Barley
• Sorghum
• Other Crops

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements