South America is projected to account for the largest share in the herbicides safener market by 2027

The Herbicides Safener Market 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 growth of the herbicide safeners market is driven by the increased use of herbicides, especially in the developing regions of Asia Pacific and South America. Additionally, with the growing concerns of herbicide injury to target crops, safeners are used to reduce crop damage without limiting their activity on the targeted weed species.

South America is projected to account for the largest share in the herbicides safener market during the forecast period.

Land and water are abundant in South America. The region accounts for 13% of the global agricultural and fish commodities production and 17% of the net export value of such products. This share is set to increase over the coming decade, according to the OECD-FAO Agricultural Outlook 2021–2030. Export demand is a critical growth factor for agriculture in this region which is evident because the region is dominated by large export-oriented commercial farms, especially in Argentina and Brazil. 

Latin America has about 9% of the global population and will add another 58 million people by 2030. It is also one of the regions prone to food insecurity. Thus, crop production expansion by agricultural intensification is crucial. The total agricultural land use is expected to expand by nearly 11 million hectares by 2027, further increasing the demand for crop protection chemicals such as insecticides, herbicides, and nematicides. Subsequently, this can lead to increased demand for safeners added with herbicides to protect crops against herbicide injuries.

Asia Pacific is projected to achieve the Highest CAGR growth in the Herbicides safener market.

According to the OECD-FAO agricultural outlook 2021-2030, Asia Pacific is the largest producer of agricultural commodities, and the total value of production is expected to expand by 20% by 2030 relative to the 2018-20 base level. Crop production is roughly 60% of the total agricultural production value and is projected to grow by 22% over ten years. 

Asia-Pacific is also a major exporting region. The largest exporting commodity is rice which is led mainly by developing countries, such as India, Vietnam, Thailand and Myanmar, where agriculture is growing exponentially. Asia Pacific accounted for nearly 45% of the global agricultural land in 2020, according to the FAO. Cultivation in this region is supported by average climatic conditions, which enable multiple crops growing sessions in a year. Land scarcity is a limitation in the region; however, productivity growth will be coupled with factors such as irrigation expansion, improved seed varieties, and an increase in the use of crop protection chemicals and pesticides.

Key Market PlayersThe key players in this market include Corteva Agriscience (US), BASF (Germany), Bayer (Germany), and Syngenta (Switzerland). Some emerging players in the global market include Nufarm (Australia), ADAMA (Israel), Arysta LifeScience (US), Drexel Chemical Company (US), Winfield United (US), Sipcam-Oxon (Italy), Helm AG (Germany), Tenkoz (US), Rainbow Agro (China), and Helena Agri Enterprise (US). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

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