South America accounted for the largest share of the herbicide safeners market

The herbicide safeners market is projected to reach USD 1,206.7 million by 2023, growing at a CAGR of 7.22% from 2018. The growing global food demand has led to an increased need for efficient herbicides. Herbicide safeners protect the main crops against the harsh chemicals of herbicides. Thus, with increased demand for herbicides, the demand for herbicide safeners is also estimated to increase during the forecast period.

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South America accounted for the largest share of the herbicide safeners market in 2017. The region’s high production of crops such as corn and soybean to meet the export demand is likely to contribute to the demand for herbicides and eventually strengthening the demand for selective herbicides. The Asia Pacific herbicide safeners market is projected to grow at the highest CAGR of 8.31% from 2018 to 2023. The growth in this region can be attributed to the high production of cereals and grains to meet the domestic consumption, especially wheat and rice, where selective herbicides such as acetochlor and S-metalochlor are highly used.

Factors that are driving the growth of herbicide safeners market are the increase in instances of herbicide-induced crop injuries and a rise in demand in the cultivation of cereals and grains in developing regions.

The major factors restraining the growth of herbicide safeners market are the regulatory ban on herbicides and lack of awareness on the importance of herbicide safeners. However, the market has future prospects, which includes new herbicide active ingredient registrations and the development of sustainable safener combinations for herbicides.

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The global market for herbicide safeners is dominated by large players such as DowDuPont (US), BASF (Germany), Bayer (Germany), and Syngenta (Switzerland). Some emerging players in the herbicide safeners market include Nufarm (Australia), Adama (Israel), Arysta LifeScience (US), Drexel Chemical Company (US), Land O’Lakes (US), Sipcam-Oxon (Italy), Helm AG (Germany), and Tenkoz (US).

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