Herbicide Safener Market to surpass USD 2 billion by 2032, Says Global Market Insights inc.
Herbicide Safener Industry size is expected to register 6.7% CAGR between 2024 and 2032 propelled by increased herbicide usage in agriculture.
Selbyville, Delaware , Sept. 23, 2024 (GLOBE NEWSWIRE) — Herbicide Safener Market is projected to be worth over USD 2 billion in revenue by the end of 2032, as per a
Asia Pacific to emerge as a lucrative market destination
Asia Pacific herbicide safener market is set to exhibit a noteworthy CAGR from 2024-2032, particularly led by government funding. These initiatives are promoting sustainable agriculture practices, encouraging the use of safeners to protect crops from herbicide-related damage. Countries in this region are currently implementing regulations and subsidies that are making safeners more accessible to farmers, particularly in nations focused on increasing agricultural productivity. This ongoing governmental support is expected to lead to widespread adoption of herbicide safeners, ensuring safer and more sustainable crop production in the region.
Herbicide Safener Market Participants
Some of the top firms engaged in the herbicide safener industry include Bayer AG, BASF SE, Dow, DuPont, Syngenta AG, Sumitomo Chemical Co., Ltd., FMC Corporation, Nuseed Pty Ltd., ChemChina, and LanzaTech Ltd. These market participants are increasingly launching innovative products while enhancing crop protection and expanding product portfolios. For instance, in May 2023, BASF launched two new herbicides, Facet® and Duvelon®, to support rice and tea growers in tackling problematic weeds. These herbicides are designed to work effectively with herbicide safeners for ensuring crop protection while maintaining high yields.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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