The herbicide safeners market is projected to grow at a CAGR of 5.76% between 2025 to 2030.
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 the high production of coffee and corn 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, Dow Chemical Company, Drexel Chemical Company, Helm AG, ADAMA Ltd., and 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