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Herbicide Safener Market Size

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

Herbicide Safener Market Size

Herbicide Safener Market size was valued at around USD 1.15 billion in 2023 and is estimated to reach USD 2.06 billion by 2032. The demand for herbicide safeners in the market is driven by the increasing adoption of herbicides in agriculture, coupled with the growing need for enhanced crop safety and yield protection. Herbicide safeners are chemical compounds designed to protect crops from the harmful effects of certain herbicides, allowing farmers to use these herbicides without causing harm to the crops.

 

According to data from the United States Department of Agriculture (USDA), herbicide use in the U.S. has seen a steady increase over the years. In 2019, farmers in the United States used herbicides on approximately 224 million acres of cropland. This trend is indicative of the reliance on herbicides for weed control, emphasizing the need for effective herbicide safeners to protect crops.

A potential pitfall for the herbicide safener market is the development of resistance in weeds. As herbicide safeners enable the continued use of specific herbicides, there is a risk that weeds may develop resistance over time. This resistance could reduce the effectiveness of herbicide treatments, posing challenges for farmers in weed management. It underscores the importance of integrated pest management strategies and the constant need for innovation in herbicide technologies to mitigate this potential pitfall.

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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