Global Herbicides Safener Market Growth Analysis and Trends by 2033
Posted by Ramakrishna TBRC on February 9th, 2024
The Herbicides Safener Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Herbicides Safener Global Market Report 2024, The herbicides safener market size has grown strongly in recent years. It will grow from .26 billion in 2023 to .36 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to expansion of agriculture land, global emphasis on crop yield improvement, government initiatives for weed control, focus on sustainable agriculture, increased adoption of genetically modified crops.
The herbicides safener market size is expected to see strong growth in the next few years. It will grow to .78 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to emergence of new herbicide-resistant weeds, precision agriculture adoption, rising investment in agriculture r&d, stringent regulatory standards, market demand for crop protection solutions. Major trends in the forecast period include advancements in safener technologies, biologicals in weed management, education and awareness programs, customized solutions for different crops, compatibility with diverse herbicides.
The increasing use of herbicides is expected to propel the growth of the herbicides safener market going forward. Herbicide refers to a type of pesticide that is used to kill or control unwanted plants and weeds. The herbicides are mostly driven by herbicide-resistant weeds, demand for higher crop yields, and improper application of herbicides, where herbicide safeners are used to protect crops from the damaging effects of the herbicides. For instance, in May 2023, according to the Eurostat, an EU-based statistical office, in the European Union, 355,175 tons of pesticides were sold in 2021, representing a modest rise of 2.7%. Therefore, the increasing use of herbicides is driving the growth of the herbicides safener market.
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The herbicides safener market covered in this report is segmented –
1) By Type: Benoxacor, Furilazole, Dichlormid, Isoxadifen, Other types
2) By Crop: Corn, Soybean, Wheat, Sorghum, Rice, Other crops
3) By Herbicide Selectivity: Selective Herbicides, Non-selective Herbicides
4) By Application Stage: Pre-emergence, Post-emergence
Product innovation has emerged as a key trend gaining popularity in the herbicide safener market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in April 2023, Syngenta Group, a Switzerland-based provider of agricultural science and technology launched Recognition herbicide. The herbicide may be used in tank combinations for faster, stronger, and wider-spectrum control, and it can be utilized in broadcast applications. Recognition provides control over forty weeds, including main sedges, dollarweed, clover in St. Augustinegrass, buffalograss, kikuyugrass, and zoysiagrass. Recognization is a novel and interesting control alternative for golf course superintendents, sod farmers, and lawn care operators because its safety on St. Augustinegrass has been positively assessed.
The herbicides safener market report table of contents includes:
1. Executive Summary
2. Herbicides Safener Market Characteristics
3. Herbicides Safener Market Trends And Strategies
4. Herbicides Safener Market - Macro Economic Scenario
5. Global Herbicides Safener Market Size and Growth
....
31. Global Herbicides Safener Market Competitive Benchmarking
32. Global Herbicides Safener Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Herbicides Safener Market
34. Herbicides Safener Market Future Outlook and Potential Analysis
35. Appendix
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