The Herbicide Safeners Market was valued at US$688.842 million in 2018 and is projected to expand at a CAGR of 5.44% over the forecast period to reach US$946.768 million by 2024. The demand for Herbicide Safener is expected to grow on account of the rising population along with the growing demand for food. Furthermore, the growing focus to reduce crop wastage during transportation and storage is expected to fuel the market in the coming years. In addition, expansion in the form of acquisitions as well as growing research and development activities are expected to widen up the growth opportunities in the next five years. However, strict government regulation regarding safety concerns associated with herbicides is expected to hamper the market growth in the near future. The market has been segmented on the basis of crop type, method and geography. Geographically, Asia Pacific is projected to grow at a substantial rate owing to the huge agricultural industry coupled with rising population leading to increasing demand for grains is driving the Herbicide Safener market in Asia Pacific. South America is anticipated to hold a significant share on account of high production of coffee and corns to meet the market demand.
Growing agricultural industry.
Strict governmental regulations.
In February 2019, UPL limited acquired Arysta Lifescience Inc., for US $4.2 Billion with an aim to strengthen its position as a global leader in agricultural solutions.
The major players profiled in the Herbicide Safener market include Bayer AG, BASF SE, UPL, NuFarm, The Dow Chemical Company, Drexel Chemical Company, Helm AG, ADAMA Ltd., Sipcam Agro USA.
|Market size value in 2018||US$688.842 million|
|Market size value in 2024||US$946.768 million|
|Growth Rate||CAGR of 5.44% from 2018 to 2024|
|Forecast Unit (Value)||USD Million|
|Segments covered||Type, Crop, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Bayer AG, BASF SE, UPL, NuFarm, The Dow Chemical Company, Drexel Chemical Company, Helm AG, ADAMA Ltd., Sipcam Agro USA|
|Customization scope||Free report customization with purchase|
The Herbicide Safener market has been analyzed through the following segments:
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the herbicide safeners market size by 2024?
A1. The herbicide safeners market is projected to reach a total market size of US$946.768 million by 2024.
Q2. What are the growth prospects for herbicide safeners market?
A2. Herbicide Safeners market projected to expand at a CAGR of 5.44% over the forecast period.
Q3. What is the size of global herbicide safeners market?
A3. The global herbicide safeners market was valued at US$688.842 million in 2018.
Q4. Which region holds the largest market share in the herbicide safeners market?
A4. Geographically, Asia Pacific is projected to grow at a substantial rate owing to the huge agricultural industry coupled with the rising population leading to increasing demand for grains is driving the herbicide safener market.
Q5. What factors are anticipated to drive the herbicide safeners market growth?
A5. The demand for Herbicide Safener is expected to grow on account of the rising population along with the growing demand for food.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. HERBICIDE SAFENER MARKET BY TYPE
6. HERBICIDE SAFENER MARKET BY CROP
7. HERBICIDE SAFENER MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Company Benchmarking and Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Bayer AG
9.2. BASF SE
9.5. The Dow Chemical Company
9.6. Drexel Chemical Company
9.7. Helm AG
9.8. ADAMA Ltd.
9.9. Sipcam Agro USA
LIST OF FIGURES
LIST OF TABLES
The Dow Chemical Company
Drexel Chemical Company
Sipcam Agro USA
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