Global herbicides safener market to reach $1.6 billion by 2027

According to MarketsandMarkets recently published report,global herbicide safener market is estimated at USD 1.1 billion in 2022; it is projected to grow at a CAGR of 7.5% to reach USD 1.6 billion by 2027. The growth of the herbicide safeners market is driven by the increased use of herbicides, especially in the developing regions of Asia Pacific and South America. Additionally, with the growing concerns of herbicide injury to target crops, safeners are used to reduce crop damage without limiting their activity on the targeted weed species.

The Corn segment by crop is projected to account for the Secondlargest market share in the Herbicides safener market over the forecast period.

Benoxacor,cyprosulfamide, and furilazole are the most common safeners used in herbicides applied over corn. BASF, Bayer, Syngenta, Winfield Solutions, and Corteva Agriscience are some of the major manufacturers offering herbicide safeners premixed with herbicides. With the increasing use of herbicides, the demand for herbicide safeners is also expected to increase. Since the US and China are major countries producing corn, the demand for herbicides and herbicide safeners is expected to majorly materialize in these countries.

The Non selective herbicides is projected to observe the highest CAGR growth in the Herbicides safener market during the forecast period.

Non-selective herbicides are broad-spectrum herbicides used to eliminate almost all unwanted vegetation types. Non-selective herbicides are used to control weeds before crop planting. They are also used in orchards, vineyards, and plantations toget rid of undesired plants. Since the non-selective herbicides affect all types of crops, they can harm the main crop and their tolerance level to herbicides. Hence, safeners are added to non-selective herbicides to increase the tolerance levels of the main crops toward the harmful effect of chemicals.

Asia Pacific is projected to achieve the Highest CAGR growth in the Herbicides safener market.

According to the OECD-FAO agricultural outlook 2021-2030, Asia Pacific is the largest producer of agricultural commodities, and the total value of production is expected to expand by 20% by 2030 relative to the 2018-20 base level. Crop production is roughly 60% of the total agricultural production value and is projected to growby 22% over ten years. Asia-Pacific is also a major exporting region. The largest exporting commodity is rice which is led mainly by developing countries, such as India, Vietnam, Thailand and Myanmar, where agriculture is growing exponentially. Asia Pacific accounted for nearly 45% of the global agricultural land in 2020, according to the FAO. Cultivation in this region is supported by average climatic conditions, which enable multiple crops growing sessions in a year. Land scarcity is a limitation in the region; however, productivity growth will be coupled with factors such as irrigation expansion,improved seed varieties, and an increase in the use of crop protection chemicals and pesticides.  

Some of the Prominent Key Players are:

Corteva Agriscience (US),BASF (Germany),Bayer (Germany),Syngenta (Switzerland),Nufarm (Australia),Arysta LifeScience (US),Drexel Chemical Company (US),Winfield United (US).