Global Dicamba Herbicide Market
Report Highlights
Global Dicamba Herbicide Market
By Time of Application (Pre-Emergence, Post-Emergence), By physical form (dry, liquid), By Formulation (Acid, Salt), By Region (North America, Europe, Asia Pacific, Rest of World), By Crop type(Oilseeds & Pulses, Cereals & Grains, Pastures & Forage Crops).
Market Overview:
The Global Dicamba Herbicide Market was valued at USD 2.63 billion in 2016 and is projected to reach USD 6.92 billion by 2025, growing at a CAGR of 11.35% from 2017 to 2025.
Dicamba is used for controlling broadleaf weeds in non-commercial and domestic applications. This can cause illness by inhalation or skin absorption to humans. Agriculture industry is the major segment for the Dicamba market. Dicamba is replacing glyphosate in most of the agricultural applications in the market. Growing awareness about the production of crops will majorly benefit the Dicamba market.
Market Dynamics:
1. Market Drivers
1.1 Increase in prices of agriculture commodities.
1.2 Advanced technologies.
1.3 Increase in growth of dicamba gm crops.
2. Market Restraints
2.1 Major growth in organic food industries.
2.2 Pesticide Residue
2.3 Increasing resistance of Herbicides for weeds.
Market Segmentation:
The Global Dicamba Herbicide Market is segmented on the basis of Time of Application, Physical Form, Formulation, Region and Crop type.
1. By Time of Application. :
1.1 Pre-Emergence
1.2 Post-Emergence
2. By Physical form:
2.1 Liquid
2.2 Dry
3. By Formulation:
3.1 Acid
3.2 Salt.
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Rest of world.
5. By Crop type :
5.1 Oilseeds & Pulses
5.2 Cereals & Grains
5.3 Pastures & Forage Crops
Competitive Landscape:
The major players in the market are as follows:
1. Monsanto Company
2. BASF SE
3. Bayer Cropscience AG
4. Nufarm Limited
5. The Andersons, Inc.
6. Helena Chemical Company
7. Syngenta AG
8. The DOW Chemical Company
9. E.I. Dupont De Nemours and Company
10. Alligare, LLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Dicamba Herbicide Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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