Jun 21, 2022   SOURCE: BusinessWire

Global Herbicide Safeners Market (2022 to 2027) - New Registrations of Active Herbicidal Ingredients Presents Opportunities - ResearchAndMarkets.com

The "Global Herbicide Safeners Market by Type (Benoxacor, Furilazole, Dichlormid, Isoxadifen), Crop (Corn, Soybean, Wheat, Sorghum, Barley, Rice), Herbicide Selectivity, Herbicide Application Stage (Post-emergence, Pre-emergence) & Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global market for herbicide safeners 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 Benoxacor segment by type is projected to observe the fastest growth in the Herbicides safener market throughout the forecasted period

Benoxacor effectively protects almost all types of corn (sweet, silage, and field corn). It has low aqueous solubility, is very volatile, and has a significant potential for leaching into groundwater based on its chemical properties. It is moderately persistent in soil systems but not so much in water. It has low mammalian toxicity and a strong potential for bioaccumulation. It is moderately toxic to birds, honeybees, earthworms and most aquatic organisms Dichloroacetamide safeners, such as benoxacor and furilazole, are often used in chloroacetamide herbicide formulations.

The Post-emergence segment by application is estimated to account for the largest market share in the global Herbicides safener market

Post-emergent herbicides are used to kill weeds after they have germinated. These specialized herbicides must be applied while the plant is actively growing rather than when it is just green. Post-emergent weed control destroys existing plants and must be used selectively since too much or too widespread a treatment will kill nearby desirable plants. Syngenta, Bayer, and Corteva Agriscience are the major producers of post-emergent herbicide and safener combinations.

The soybean sub-segment of the by crop segment is projected to attain the fastest market growth in Herbicides safener market over the forecast period

According to the 2021 Crop Production Annual Summary released by the US Department of Agriculture's National Agricultural Statistics Service (NASS), soybean production reached a new high of 4.44 billion bushels in 2021, up 5% from 2020. With record-high yields in 21 states, the average soybean yield is estimated to be 51.4 bushels per acre, 0.4 bushels higher than in 2020 and the second highest on record. Increased herbicide demand for soybean in regions such as North America, Asia Pacific, and South America has driven the demand for herbicide safeners for this crop.

The Selective herbicides, by herbicide selectivity is estimated to account for the largest market share in the global Herbicides safener market

Herbicide safeners are a diverse group of chemical compounds. They're used in conjunction with pesticides to protect crops from damage. Chemical safeners are a practical, efficient, and simple method for improving herbicide selectivity. Herbicide safeners protect crops from herbicide damage by accelerating herbicide metabolism or inhibiting herbicide translocation within plants, allowing for greater selectivity between crop plants and herbicide-targeted weed species. Herbicide selectivity is based on the ability of the crop to detoxify the herbicide faster than the weed species.

Market Dynamics

Drivers

  • Increase in Instances of Herbicide-Induced Crop Damage
  • Higher Demand for Herbicides
  • Rise in the Production of Cereals & Grains in Developing Countries
  • Rise in Trend of Post-Emergence Application of Herbicide Safeners
  • Potential as Better Solutions to Combat Herbicide-Resistant Weeds

Restraints

  • Regulatory Ban on Herbicides
  • Issues Related to Herbicide Residue

Opportunities

  • New Registrations of Active Herbicidal Ingredients
  • Development of Safener Combinations for Biologically Derived Herbicides

Challenges

  • Lack of Awareness and Technical Expertise, and Low Adoption Rate
  • Concerns Regarding the Impact of Pesticides on Human Health and Environment

Companies Mentioned

  • ADAMA Agricultural Solutions
  • Amway Corp
  • Arysta LifeScience
  • BASF
  • Bayer AG
  • Bhagiradha Chemicals & Industries Limited
  • Bharat Rasayan Limited
  • Corteva Agriscience
  • Drexel Chemical Company
  • Helena Agri Enterprise
  • Helm AG
  • HPM
  • Jigs Chemical
  • Matrix Ceramics and Chemicals
  • MedChemExpress
  • Merck (Sigma Aldrich)
  • National Analytical Corporation
  • Nufarm Limited
  • Rainbow Agro
  • Shiva PharmaChem
  • Simson Pharma Limited
  • Sipcam-Oxon Group
  • Syngenta
  • Tenkoz
  • Toronto Research Chemicals
  • UPL
  • Winfield United

For more information about this report visit https://www.researchandmarkets.com/r/jgi9vg