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Herbicide Safener Market Analysis

  • Report ID: GMI7824
  • Published Date: Jan 2024
  • Report Format: PDF

Herbicide Safener Market Analysis

Based on Type, the market is segmented as Benoxacor, Fluchloralin, Dichlormid, and others. Benoxacor held a majority market value of USD 396.3 million in 2023. Benoxacor is a popular herbicide safener in the market due to its effectiveness in enhancing the safety and tolerance of crops to herbicides. Its widespread adoption can be attributed to its ability to mitigate the phytotoxic effects of certain herbicides, allowing farmers to use herbicides more efficiently without compromising crop health.

 

Herbicide Safener Market Revenue Share, By Crop, (2023)

Based on crop type, the herbicide safener market is segmented as Corn, Soybean, Wheat, Sorghum, Barley, and Rice and others. Soybean held a dominant market share of around 40% in 2023 and is expected to grow at a lucrative pace by 2032. Soybeans are particularly vulnerable to certain herbicides that may result in growth inhibition or yield reduction. The adoption of herbicide safeners becomes crucial in soybean farming to mitigate these effects, ensuring optimal crop yield and quality. The popularity of soybean as a major cash crops globally, especially in countries like the United States and Brazil, has led to increased demand for herbicide safeners tailored to address the crop's specific needs.
 

Based on Herbicide Selectivity, the market is segmented as Pre-emergence Herbicides, Post-emergence Herbicides. Pre-emergence Herbicides held a dominant market share of around USD 684.4 million in 2023 and is expected to grow at a lucrative pace by 2032. Pre-emergence herbicides have gained popularity in the herbicide safener market primarily because they provide a proactive approach to weed control, targeting unwanted plants before crop emergence. This early application allows for a strategic and preemptive use of herbicide safeners to protect crops from herbicide-induced stress. Pre-emergence herbicides are applied before weeds emerge, reducing competition for resources and minimizing the risk of yield loss.
 

North America Herbicide Safener Market Size, 2020- 2032 (USD Million)

North America dominated the herbicide safener market with majority market share and a revenue of USD 441.4 million in 2023 and is anticipated to expand at a significant pace from 2024-2032. The region's extensive agricultural activities, particularly in the United States and Canada, contribute to the higher demand for herbicides and, consequently, herbicide safeners. Farmers in North America are increasingly adopting advanced farming technologies and precision agriculture practices, necessitating the use of herbicide safeners to protect crops from potential herbicide-induced stress. Government initiatives promoting sustainable agriculture and the need for effective weed management further drive the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Herbicide safener industry was worth USD 1.15 billion in revenue in 2023 and is anticipated to reach USD 2,066.4 million by 2032 driven by the rising adoption of herbicides in agriculture coupled with the growing need for enhanced crop safety and yield protection.

The benoxacor segment in the herbicide safener industry accounted for USD 396.3 million in 2023 and is estimated to record substantial growth through 2032 attributed to its effectiveness in enhancing the safety and tolerance of crops to herbicides.

North America herbicide safener industry size generated USD 441.4 million in 2023 and is set to expand at a notable pace between 2024 and 2032 owing to the extensive agricultural activities in the region, particularly in the U.S. and Canada.

Some of the major herbicide safener companies are Sumitomo Chemical Co., Ltd., DowDuPont, Bayer AG, BASF SE, Syngenta AG, FMC Corporation, Nuseed Pty Ltd., ChemChina, and LanzaTech Ltd.

Herbicide Safener Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 191
  • Countries covered: 21
  • Pages: 200
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