Global Dicamba Herbicide Market: Industry Analysis and Forecast (2020-2026)
Global Dicamba Herbicide Market size was valued at US$ XX Bn in 2019 and the total revenue is expected to grow at 7.36% through 2020 to 2026, reaching nearly US$ XX Bn.
The global Dicamba Herbicide market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Dicamba Herbicide report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Dicamba Herbicide Market Overview:
The shrinking arable land, adoption of new technology, and the growing inclination of farmers to spend more for higher productivity are the major factors driving the dicamba herbicide market size.
Global Dicamba Herbicide Market Dynamics:
Increasing applications of herbicides and the development of dicamba-resistant crops are driving the global dicamba herbicide market demand. Growing population and increasing focus on food security contribute to the market growth. High usage of dicamba herbicides in cereals & grain crops for weed management, growing crop loss as a result of weed issues, and developments in farming techniques are expected to drive the dicamba herbicide market growth during the forecast period. Furthermore, rising awareness among consumers regarding organic food and high consumption of precision farming and protected agriculture is expected to create lucrative opportunities for the dicamba herbicide market during the forecast period.
Stringent government regulations on the usage of the product in several economies and increasing organic food industries are further restraining the market growth.
Global Dicamba Herbicide Market Segment Analysis:
By Crop Type, the dicamba herbicide market is segmented into cereals & grains, oilseeds & pulses, and pastures & forage crops. The cereals & grains segment accounted for the largest market share in 2019. Growing demand for cereals and grains along with high crop loss in various economies thanks to hazardous herbs and weeds is propelling the dicamba herbicides market demand. The oilseeds & pulses segment is expected to grow during the forecast period.
By Formulation, the market is segmented into acid and salt. The salt-based herbicides segment led the global dicamba herbicide market. The segment growth is attributed to the water solubility property of salts, which decreases the need for emulsifiers. Salts are less volatile than esters. Dicamba herbicide formulations include diglycoamine salt, isopropylamine salts, dicamba acid, dimethylamine salt, sodium salt, and potassium salt. These factors are expected to boost the segment demand during the forecast period.
By Physical Form, the dicamba herbicide market is segmented into dry and liquid.
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By Time of Application, the market is segmented into pre-and post-emergence. Post-emergent herbicides are used to control weeds that are already grown in the cultivated area. These are mostly applied in the growing season and as a spot treatment directly to a weed infestation. Dicamba herbicides are extensively used as post-emergent as it helps to control a broader spectrum of weed species as compared with pre-emergent herbicides.
Global Dicamba Herbicide Market 1
Global Dicamba Herbicide Market Regional Insights:
North America is dominating the Global Dicamba Herbicide Market
North America is expected to be the largest market for dicamba herbicides during the forecast period. Glyphosate is widely used as a herbicide. Nevertheless, the development of glyphosate-resistant weeds has boosted the farmers to adopt dicamba as an alternative herbicide. Additionally, glyphosate is identified with carcinogenic characteristics by the International Agency for Research for Cancer. These factors are expected to increase the dicamba herbicide market demand in the region and the demand is expected to grow during the forecast period.
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The objective of the report is to present a comprehensive analysis of the Global Dicamba Herbicide market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Dicamba Herbicide market dynamics, structure by analyzing the market segments and project the Global Dicamba Herbicide market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Dicamba Herbicide market make the report investor’s guide.
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Global Dicamba Herbicide Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Dicamba Herbicide Market Key Players
• BASF
• E.I. DuPont de Nemours and Company
• The Dow Chemical Company
• Syngenta
• The Andersons, Inc.
• Alligare, LLC
• Helena Chemical Company
• Albaugh, LLC
• Bayer AG
• Nufarm Limited
• Monsanto Company
• Bayer CropScience
• Corteva Agriscience
• ADAMA Ltd
• Marubeni Corporation
• Others
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