Herbicide Safeners Market

Market Leader - 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.

Key players in the herbicide safener market include DowDuPont (US), Bayer (Germany), HELM Agro (Germany), and Syngenta (Switzerland). BASF (Germany), Nufarm (Australia), Adama (Israel), and Drexel Chemicals (US) are a few other key market players who also hold a significant share of the herbicide safeners market.

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DowDuPont produces and sells a wide range of products through its business units that include agriculture, materials science, and specialty products, globally. The company has a strong market presence and is renowned for its quality and reliability. The mega-merger of Dow Chemical and DuPont in March 2017 helped them to enhance their portfolio value in the agrochemicals industry. Additionally, DowDuPont can now offer a wide variety of herbicides co-formulated with safeners with the help of effective resource pooling. The company’s expansion in developing economies (the Middle East and Africa) can offer a strong potential to increase its customer base. Innovating new products for agricultural use would help the company achieve a competitive edge over its potential competitors. The company has a large consumer base for herbicides and is one of the global market leaders.

Syngenta has been providing sustainable agriculture products through innovative research & technology. It has its R&D centers in over 150 sites around the world. Though the company had divested itself of some off-patented herbicide products during the merger process, it still holds registered patents regarding herbicide formulations due to its extensive research & development activities and collaborations. It has over 5,000 people in its R&D centers and field stations in the world to develop new technologies and innovate to meet growers’ needs to increase farm productivity. Even though the company has been a major player in developing markets, it has a strong potential to become one of the important players in the Asian market with the help of ChemChina’s (after the merger deal in May 2017) effective market presence in this region.

Bayer is one of the leading innovative agricultural solution companies in the world. The company’s focus on R&D activities has helped it to provide a range of innovative safener products such as Corvus, DiFlexx, TripleFLEX II, and Capreno for crops such as corn and wheat. Bayer CropScience completed the acquisition of Monsanto (US) in June 2018, which strengthened its ability to expand its research activities on herbicides and its related products such as safeners.

Related Reports:

Herbicide Safeners Market by Type (Benoxacor, Dichlormid, Furilazole, and Isoxadifen), Herbicide Application Stage, Herbicide Selectivity, Crops (Soybean, Corn, Wheat, Sorghum, Barley, and Rice), and Region-Global Forecast to 2023

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Report Code
AGI 6660
RI Published ON
10/5/2012
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