Dicamba Herbicide Market: By Product Formulation (Acid type, Salt type), By Crop Type (Oilseeds and pulses, Cereals and grains, Forage crops and pastures, Others), By Physical Form (Liquid, Dry) , By Application (Pre-Emergence, Post-Emergence) , and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Dicamba Herbicide Market
Market Outline: Dicamba Herbicide Market
Dicamba is a herbicide used for the prevention of broadleaf weeds in agriculture farming, domestic and other non-commercial applications. Dicamba reaches in weeds through the roots and leaf with a short soil residual. Dicamba may cause illness to human by ingestion or skin absorption. Dicamba has three major applications such as turf, agriculture, and lawn. Dicamba increases the plant growth rate and these herbicides are used for reducing the crop loss, thus leads to increase in crop yield. Dicamba used in various types of crops such as oilseeds, grains & cereals, pulses, and fruits & vegetables among others.
Market Dynamics: Dicamba Herbicide Market
Major factors driving the growth of dicamba herbicide market include increase in crop loss due to weeds, growing demand for quality food products, rise in awareness about the crop protection, and product approval from U.S. Environmental Protection Agency. Moreover, development in agriculture farming practice technologies, increase in the use of dicamba herbicide in materials and chemicals industry, and rise in prices of agriculture products are anticipated to propel the dicamba herbicide market over the forecast period. However, pending regulatory consents, increase in the weed herbicide resistance, and instability of the dicamba leads to drift damage might impede the revenue of dicamba herbicide market over the forecast period.
Market Scope: Global Dicamba Herbicide Market
Global Dicamba herbicide market is segmented on the basis of product formulation, crop type, physical form, and time of application
Based on the product formulation, it is segmented into the following:
- Acid type
- Salt type
Based on the crop type, it is segmented into the following:
- Oilseeds and pulses
- Cereals and grains
- Forage crops and pastures
Based on the physical form, it is segmented into the following:
Based on the time of application, it is segmented into the following:
Market Summary: Dicamba Herbicide Market
Global Dicamba herbicide market is growing at a significant CAGR owing to increase in the agriculture farming around the globe. Due to increase in the demand for the dicamba herbicide, several international players are developing newer products for different crops to destroy the different types of weeds. In addition, increase in the demand for quality food products with better yield and change in farming practices are also anticipated to fuel the dicamba herbicide market over the forecast period. Moreover, acquisitions and mergers, collaborations, product approvals, and product launchings are the strategies followed by the companies for increasing their revenue share in the dicamba herbicide market. For instance, in November 2016, Monsanto received the U.S. Environmental protection agency approval for its dicamba based weed killer used in soy and cotton varieties. Similarly, in December 2016, BASF SE received EPA approval for Engenia which controls the weeds resistant to glyphosate.
Regional Analysis: Dicamba Herbicide Market
Geographically, dicamba herbicide market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Factors driving the North America dicamba herbicide market include increase in product approval from U.S. EPA, increase in the R&D activities by the market players, and advancements in the farming practices. Moreover, Europe dicamba herbicide market exhibiting significant growth rate, which is attributed to increase in the demand for quality food products, rise in R&D for innovation of newer dicamba products due to increase in herbicide resistance crops, and rise in awareness about the advantages of dicamba herbicides among farming community are anticipated to propel the market, Asia Pacific dicamba herbicide market expected to grow at high rate over the forecast years due to rise in need of food security for the growing population, crop loss due to weed issues, and increase in the population depending on agriculture farming are upsurge the revenue of dicamba herbicide market.
Market Participants: Dicamba Herbicide Market
Some of the players in Dicamba Herbicide market are Bayer CropScience AG (Germany), The Dow Chemical Company (U.S.), Syngenta AG (Switzerland), BASF SE (Germany), E.I. DuPont De Nemours & Company (U.S.), Nufarm Ltd. (Australia), Helena Chemical Company (U.S.), and Monsanto Company (U.S.) to name a few.
Notable Market Developments: Dicamba Herbicide Market
- In June 2017, BASF SE launched dicamba-based herbicide Atectra BV in Argentina, used to control the resistant broadleaf weeds.
- In July 2016, Dupont and Monsanto inked an agreement for the distribution of dicamba herbicide in Canada and U.S.
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2013-2016) and forecast (2017-2024)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market