The herbicide safeners market is projected to reach USD 1,206.7 million by 2023, growing at a CAGR of 7.22% from 2018. The growing global food demand has led to an increased need for efficient herbicides. Herbicide safeners protect the main crops against the harsh chemicals of herbicides. Thus, with increased demand for herbicides, the demand for herbicide safeners is also estimated to increase during the forecast period.
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- Increasing Instances of Herbicide-Induced Crop Damage
- Rising Trend of Post-Emergence Application of Herbicide Safeners
- Regulatory Ban on Herbicides
- New Registrations of Herbicide Active Ingredients Can Support the Development of Formulations With Safeners
- Development of Safener Combinations for Biologically Derived Herbicides
- Herbicide Safeners as Potentially Better Solutions to Combat Herbicide-Resistant Weeds
- Lack of Awareness and Technical Expertise, and Low Adoption Rate
- Rising Concerns About the Negative Effect of Pesticides on Human Health and Environment
Benoxacor is estimated to be the most widely used herbicide safeners during the forecast period.
Benoxacor is one of the major safeners used as herbicide adjuvants for crops such as corn, soybean, and rice. With increased production of these crops globally, the demand for herbicides and herbicide safeners for these crops is expected to witness high growth in the coming years.
The post-emergence segment is projected to be the fastest-growing segment during the forecast period.
The post-emergence segment is projected to register the highest growth rate from 2018 to 2023. Herbicide safeners which act as herbicide surfactants, are more effective in killing the weeds during the post-emergence stage, as compared to those used in the pre-emergent applications. Hence, the demand for herbicides for post-emergent herbicides is higher as compared to that of pre-emergent herbicides, and this is projected to increase further during the forecast period.
North America is projected to dominate the market by 2023, while Asia Pacific is projected to be the fastest-growing market for herbicide safeners.
The North American market accounted for the largest share in 2017, due to the availability of safeners in commonly used herbicide formulations such as S-metalochlor and acetochlor from players such as DowDuPont (US), Syngenta (Switzerland), and Bayer (Germany). Moreover, these companies have been able to develop and introduce safeners in these regions for herbicide applications in corn and soybean crops.
The market for herbicide safeners in the Asia Pacific region is projected to grow at the highest CAGR from 2018 to 2023, owing to the increasing demand for pesticides in the cultivation of crops such as rice, corn, and soybean in the region, which has been significant growth in the past five years. Thus, with increasing use of pesticides, including herbicides, the demand for products such as adjuvants and safeners, which can improve the efficiency of pesticides and reduce environmental risks, is expected to increase during the forecast period.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as DowDuPont (US), BASF (Germany), Bayer (Germany), Nufarm (Australia), ADAMA (Israel), Syngenta (Switzerland), Arysta LifeScience (US), Drexel Chemical Company (US), Land O’Lakes (US), Sipcam-Oxon (Italy), Helm AG (Germany), and Tenkoz (US).