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Herbicide safeners are the chemicals that help in protecting crops from the possible damage caused due to the use of herbicides. Herbicide safeners can effectively escalate the tolerance of cereal plants to herbicide application without impacting the weed control efficiency.
Herbicide safeners market is expected to perform appreciably during the forecast period, owing to an increased focus on crop protection and improvement of crop yield. To meet the feeding requirements of the rapidly rising world population and to obtain a higher yield, the demand for effective and safe agricultural practices and products are increasing, which is aiding to the growth of herbicide safeners market.
Rising cultivation of important cereal crops such as rice, wheat, corn, sorghum, and others and increased demand of protection of these plants is expected to fuel the growth of herbicide safeners market in the forthcoming years.
Key Market Driver -
Key Market Driver – Increased requirement to use the herbicides for weed control
Key Market Restraint -
Key Market Restraint – Stringent regulations for approval
Furthermore, increased technological developments and investment in the agriculture sector in agriculture-dominant countries, such as China, US, India, Russia, and others will propel the growth of herbicide safeners market in the upcoming years. Limited application of herbicide safeners, as well as stringent regulations on the use of herbicides in some regions, can restrict the growth of herbicide safeners market during the forecast years.
Some of the key companies that are present in the global herbicide safeners market Adama Agricultural Solutions, DowDuPont Inc., Land O’lakes, Tenkoz, Bayer AG, Arysta Lifescience, Sipcam-Oxon Group, Helm AG, and Drexel Chemical Company.
Among products, Benoxacor segment is projected to account for major revenue share in the global herbicide safeners market, as it is one of the most easily diffusible safeners that can be beneficial for many crop types. The increased utilization and demand of Benoxacor herbicide safeners in herbicides for crucial crops such as sorghum, corn, and soybean is another significant factor which is expected to contribute positively to the growth of the segment.
Among the application stage, post-emergence application segment is anticipated to be rising swiftly during the forecast years and hold the major revenue share, owing to the higher efficiency of herbicide safeners in eliminating plant weeds during the post-emergence stage. However, higher preference of farmers and cultivators for pre-emergence application of herbicide safeners to reduce crop damage is expected to propel the growth of the segment in the coming years.
South America, followed by North America is expected to hold the major market share in global herbicide safeners market, due to increased production and cultivation of maize and soybean crops (in which herbicide safeners are majorly used) in the region. Presence of major market players such as Arysta Lifescience, DowDuPont, and Helm AG in South and North America is expected to aid the growth of the regions in the global herbicide safeners market.
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In the Asia Pacific, growth of herbicide safeners market is expected to expand at a significant pace during the forecast period, owing to rising agriculture industry of major Asian countries such as China and India. Increased cultivation of crops such as rice and soybean in the region is expected to propel the use of herbicide safeners in the Asian agriculture market.
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