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. Download PDF Brochure 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 re...