Category

Herbicide Safeners Market Size, Share, Opportunities, And Trends By Type (Furilazole, Dichlormid, Benoxacor, Fenclorim, And Others), By Crop (Corn, Soybeans, Rice, Sorghum, Wheat), And Geography - Forecasts From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061612727 | Pages:  112

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.

DRIVERS

Growing agricultural industry.

Increasing population.

RESTRAINT

Strict governmental regulations.

INDUSTRY UPDATE

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.

Segmentation

The Herbicide Safener market has been analyzed through the following segments:

By Type

Furilazole

Dichlormid

Benoxacor

Fenclorim

Others

By Crop

Corn

Soybeans

Rice

Sorghum

Wheat

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others

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