Global Dicamba Herbicide Market, By Crop Type (Cereals and Grains, Oilseeds and Pulses, Pastures and Forage Crops), Physical Form (Liquid, Dry), Formulation (Salt, Acid), Time of Application (Post-Emergence, Pre-Emergence), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Dicamba Herbicide Market
Data Bridge Market Research analyses that the dicamba herbicide market will project a compound annual growth rate (CAGR) of 8.00% during the forecast period of 2022-2029. Growing rate of population especially in the developing economies such as China and India, increasing focus on the latest trends in the market, growing application of advanced and modern agricultural and farming practices, high growth in emerging countries coupled with high adoption of innovative technologies, surging cultivation of cereals and grains and increasing industry competitiveness are the major factors attributable to the growth of dicamba herbicide market.
Dicamba herbicide is an important weed management herbicide that is highly soluble in water. This herbicide is responsible for dealing with the unwanted growth of broadleaf plants. Dicamba herbicides improve the crop productivity and act as plant hormones like auxins. Dicamba herbicides have been in the market for more than 40 years now. This means that the farmers have gradually been able to build trust on the product.
Growing application of herbicides in the cultivation of genetically modified crops, increase in the awareness about the benefits of herbicides, rising demand for international organization of standardisation (ISO) approved agrochemicals, and increasing consumption rate of fruits and vegetables around the world will emerge as the major factors fostering the growth of the dicamba herbicide market. Also, surging concerns regarding food safety, shift in consumption pattern due to fast pace in lifestyle, growing rate of industrialization, surging growth of bacteria and other unwanted growing around the crops and rising expenditure for research and development proficiencies in regards to new product launches are other important factors fostering the growth of the dicamba herbicide market. High adoption of precision farming and protected agriculture and increase in demand for healthy as well as organic food will further create lucrative and remunerative growth opportunities for the dicamba herbicide market.
However, side-effects on direct exposure such as breathing problems, skin rashes, and dizziness is a major factor that will pose a major challenge to the growth of the dicamba herbicide market. Also, fluctuating costs of the raw materials, dearth of awareness, tendency of herbicide drift caused due to vaporization and blanket spray and lack required infrastructure facilities in the underdeveloped economies will further slowdown the dicamba herbicide market growth rate. Also, supply chain disruptions and stringent regulations imposed on the sale of agrochemicals would hamper the dicamba herbicide market growth rate.
This dicamba herbicide market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on dicamba herbicide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Dicamba Herbicide Market Scope and Market Size
The global dicamba herbicide market is segmented on the basis of crop type, physical form, formulation and time of application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of crop type, the dicamba herbicide market is segmented into cereals and grains, oilseeds and pulses and pastures and forage crops.
- Based on physical form, the dicamba herbicide market is segmented into liquid and dry.
- Based on the formulation, the dicamba herbicide market is segmented into salt and acid.
- The dicamba herbicide market is also segmented on the basis of time of application into post-emergence and pre-emergence.
Dicamba Herbicide Market Country Level Analysis
The global dicamba herbicide market is analyses and market size, volume information is provided by country by crop type, physical form, formulation and time of application as referenced above.
The countries covered in the dicamba herbicide market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the dicamba herbicide market and will continue to flourish its dominance during the forecast period owing to the increase in demand for dicamba herbicides in several crops such as soya bean, cotton, and corn in the region. Asia-Pacific will score the highest growth rat owing to the rising research and development proficiencies, increasing demand for herbicides for crop protection especially in India and China, increasing food cultivation, increase in government initiatives to promote the growth of agricultural industry, rising product innovations by the agrochemicals industry and growing personal disposable income.
The country section of the dicamba herbicide market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Dicamba Herbicide Market Share Analysis
The global dicamba herbicide market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to dicamba herbicide market.
Some of the major players operating in the dicamba herbicide market are BASF SE, Bayer AG, DuPont. Dow., Syngenta Crop Protection AG, LANXESS, LUMITOS AG, NIPPON SODA CO., LTD., FMC Corporation, ADAMA., Nufarm Canada, Sumitomo Chemical Co., Ltd., Nutrichem LLP, ISHIHARA SANGYO KAISHA, LTD., SEIPASA, S.A., Verdesian Life Sciences., Koppert Biological Systems, KMC Corporation and Celanese Corporation among others.