Global Diqat Dibromide Market – Industry Trends and Forecast to 2029

Global Diqat Dibromide Market, By Type (Synthetic, Bio-based), Crop Type (Corn, Wheat, Cotton, Soybean, Others) – Industry Trends and Forecast to 2029

Diqat Dibromide Market Analysis and Size

Agriculture has changed dramatically in recent years. The limited availability of arable land and increased consumption of plant-based products creates opportunities for new players as well as lucrative opportunities for existing market players in the diquat dibromide market.

Data Bridge Market Research analyses that the diqat dibromide market which was growing at a value of 6.73 billion in 2021 and is expected to reach the value of USD 10.97 billion by 2029, at a CAGR of 6.30% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, technological advancements and patent analysis.

Diqat Dibromide Market Scope and Segmentation

Market Definition

Diquat dibromide (C.A.S. 156-59-0) is a crystalline white solid with a faint odour. It is used as an herbicide to control aquatic plants and for water desalination. By disrupting the thylakoid membranes in green cells, diquat dibromide inhibits photosynthesis. It also inhibits the activity of RuBisCO, the photosynthesis enzyme.

Diqat Dibromide Market Dynamics

Drivers

• Rapidly shrinking arable lands and rising soil contamination around the world

The global market for agricultural micronutrients is being driven by shrinking arable land in major crop-producing countries and rising soil contamination worldwide. Due to excessive exposure to synthetic chemical fertilisers, soil deficiency of essential secondary nutrients such as sulphur, magnesium, and calcium increases demand for specially formulated nutrients for agricultural purposes.

• Implementation of pest management and quality concerns on agricultural produce

The growing need for pest management in agriculture due to quality concerns about agricultural produce is driving up global demand for diquat dibromide. Rising labour costs and a labour shortage are propelling the global diquat dibromide market forward.

Opportunity

Firms in the target industry focuses on business growth through strategies such as advanced product launches, capacity expansion, and heavy production investments in their facilities, which are expected to flourish in the near future as the global diquat dibromide market grows. Furthermore, site-specific nutrient management with precision agriculture, increased demand for industrial crops, and investment in agricultural operations in developing countries provide profitable opportunities to market participants.

Restraints

However, the major factor impeding the growth of the diquat dibromide market is stringent government regulations imposed on the use of specific herbicides due to their negative environmental and human health effects.

This diqat dibromide market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the diqat dibromide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Diqat Dibromide Market

The COVID-19 pandemic has disrupted the global food supply chain, resulting in food and nutritional insecurity. Soil strategies to strengthen local food production systems, increase their resilience, and create a circular economy based on carbon sequestration and on-farm nutrient cycling reduce environmental pollution and food contamination.

Recent Development

• In 2021, the Haifa Group signed an agreement with AgrIOT in which Haifa invested approximately USD 2 million in exchange for nearly 30% of the company. AgrIOT's technology integrates science and technology to identify nutrient deficiencies in the three major nutrients essential to plant health (nitrogen, phosphorus, and potassium). This technology will help farmers save money in the future by making identification more effective and precise and allowing for more frequent monitoring of development.
• In 2020, FBSciences Inc., a global leader in naturally derived plant health technologies and products, and Yara North America agreed to expand their line of calcium nitrate (C.N.) compatible products. The first product to be released as a result of this collaboration is ZiCAN Soil.
• Gujarat State Fertilizers and Chemicals India Ltd (GSFC) will launch an indigenous calcium nitrate and boronated calcium nitrate in 2020. For the first time in India, calcium nitrate and boronated calcium nitrate products were produced domestically. It was previously imported from other countries.

Global Diqat Dibromide Market Scope

The diqat dibromide market is segmented on the basis of type and crop type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Synthetic
• Bio-based

Crop type

• Corn
• Wheat
• Cotton
• Soybean
• Others

Diqat Dibromide Market Regional Analysis/Insights

The diqat dibromide market is analysed and market size insights and trends are provided by country, type and crop type as referenced above.

The countries covered in the diqat dibromide market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is the largest market for diquat dibromide due to the widespread use of diquat dibromide in wheat, corn, rice, and other crops. The scarcity of agricultural labour and the shift toward precision farming practises are hastening the transition from manual weed control to crop protection chemicals. India and China are the region's largest consumers of diquat dibromide, and their dominance is expected to continue throughout the forecast period.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Diqat Dibromide Market Share Analysis

The diqat dibromide 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 diqat dibromide market.

Some of the major players operating in the diqat dibromide market are:

• Yara International ASA (Norway),
• Koch AG & Energy Solutions L.L.C. (U.S.)
• Coromandel International Limited (India)
• Nutrien Ltd. (Canada)
• Agriculture Solutions Inc (Canada)
• Evergrow (Egypt)
• Deepak Fertilizers and Petrochemicals Corporation Limited (India)
• Hafia Groups (Israel)
• Sapec Agro S.A. (Portugal)
• Kugler Company (U.S.)
• Impact Fertilizer (Australia)
• Calcium Products (U.S.)
• Israel Chemicals Limited (Israel)
• Van Iperen International B.V. (Netherlands)
• U.S. AG LLC (U.S.)