Report

Dicamba Herbicide Market Size, Share & Trends Analysis - Global Opportunity Analysis And Industry Forecast 2030

  • Publish Date: Jun,2022
  • Report ID: QI038
  • Page : 200
  • Report Type : PDF (Email)
The global dicamba herbicide market size was US$ 4.9 billion in 2021. The global dicamba herbicide market is forecast to grow to US$ 9.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2022 to 2030.
Dicamba is a benzoic acid herbicide applied to the soil, plants, and leaves. It is also used to control broad-leaved weeds. Dicamba is a pesticide that dissolves in water. It's a weed-control herbicide that's been around for 40 years. To meet the growing demand for fodder, dicamba herbicides are used to reduce crop loss and increase crop yield. Dicamba is replacing glyphosate in most agricultural application markets.

Factors Influencing the Market
Rising crop production awareness may benefit the dicamba herbicide market during the study period. Moreover, weed herbicide resistance and growing cases of crop loss due to weed problems will surge the growth of the dicamba herbicide market.
The growing population leading to surging demand for food and food protection will offer ample growth opportunities for the dicamba herbicide market. Furthermore, growing cultivator awareness of the benefits of dicamba herbicide and growing advancements in farming techniques will contribute to the growth of the dicamba herbicide market.
Growing environmental issues may limit the adoption of dicamba herbicide in the coming years.

COVID-19 Impact Analysis
The demand for dicamba herbicide is likely to reduce due to the growing emphasis on environmental safety. Demand for crop production increased as a result of the COVID-19 pandemic. However, manufacturing units experienced various challenges associated with the production of dicamba herbicide. Thus, it hampered the growth of the global dicamba herbicide market.

Regional Analysis
North America will hold the highest market share in the global dicamba herbicide market, owing to the rising demand for dicamba herbicides for the production of various crops such as corn, soya beans, cotton, etc. In addition to that, Europe is also a key part of the demand for dicamba herbicides, followed by Asia-Pacific. In Asia-Pacific, the demand for dicamba herbicides is growing at a substantial rate, owing to the improved agricultural practices. Furthermore, the dicamba herbicides market is forecast to witness ample growth opportunities due to the growing population of the region. Furthermore, the growing range of farming practices, combined with the increasing government support to reduce crop damage, will also contribute to the growth of the Asia-Pacific dicamba herbicide market during the study period.

Competitors in the Market
Syngenta AG
DuPont
The Andersons, Inc.
Syngenta AG
Alligare
LLC
Helena Chemical Company
Albaugh
Bayer AG
BASF SE
Dow
Nufarm Limited
Monsanto Company
Other Prominent Players

Market Segmentation
The global dicamba herbicide market segmentation focuses on Physical Form, Application, Crop Type, Formulation, and Region.
By Physical form
Liquid
Dry
By Time of Application
Post-emergence
Pre-emergence
By Crop Type
Cereal & grains
Oilseeds & pulses
Pastures & forage crops
By Formulation
Salt
Acid
By Regional Outlook
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America