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Global Dicamba Herbicide Market to be Aided by the Increasing Population in the Forecast Period of 2022-2027

According to a new report by EMR titled, ‘Global Dicamba Herbicide Market Report and Forecast 2022-2027’, the global dicamba herbicide industry attained a value of about USD 454.4 million in 2020. The market is further expected to grow at a CAGR of 7.1% in the forecast period of 2022-2027.

The global dicamba herbicide industry is significantly supported by North America. Dicamba herbicide is used to control weeds for crop grains and turf area. It can also be used to control bush and bracken in pastures and control cacti and legumes formation. With the population increasing at an alarming rate, the demand for food is rising. With a limited amount of agriculture and increasing weed prices and other agricultural commodities, it is required to decrease food waste, here dicamba is useful as it leads to maximization of crop yield and minimization of crop loss. Increasing need for food security and safety, along with growing awareness about crop protection is accelerating the market for dicamba globally. Increasing demand for commercial crops with the change in monsoon leads to a rise in demand for the global herbicides market. Development in agricultural practices, adoption of precision farming and protected agriculture, and technological advancement has accelerated the growth of dicamba herbicide industry. Glyphosate is also used as herbicide, and emergence of glyphosate resistant weeds has encouraged the farmers to use dicamba. Increase in herbicide resistant weeds and introduction of dicamba-resistant soybean is expected to boost the usage of dicamba, especially in corn and soybean crops. Government of different countries are taking initiatives to promote its usage in order to promote the use of dicamba herbicides by giving tax rebates. This leads to an inflow of manufacturers, making it available at competitive prices. People getting aware regarding the adverse effects of pesticides and stringent rules and regulations, fuels the demand for dicamba herbicide.

The rising competition among the key players is also providing impetus to the market growth. In March 2021, Bayer Cropscience AG (OTCMKTS: BAYRY) launched Vynyty Citrus, a biological product to control pest in citrus farms during virtual symposium. It is formulated with pheromones and natural pyrethrum, to control and gradually reduce pest populations on three species namely California red louse, citrus cotonet and South African cotonet. It is a more sustainable option which does not generate resistance or residues in the harvest or in the environment and, moreover, acts 365 days a year.

Market Analysis by Physical Formula, Foundation, Crop Type, and Regions:

  • Based on physical formula, the industry can be divided into liquid and dry. 
  • On the basis of its foundation, the market can be divided into salt and acid.
  • Based on crop type, the industry can be divided into cereals and grains, oilseeds and pulses, pastures and forage crops.
  • The regional markets for dicamba herbicide include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

Key Findings of the Report:

  • The need to feed the increasing population is driving the growth of the dicamba herbicide market.  
  • Development in agricultural practices and technology advancement has aided the demand for dicamba herbicide.  
  • Emergence of glyphosate resistant weeds is fuelling the demand for dicamba herbicide.  
  • Government initiatives and stringent rules and regulations are also propelling the market growth.

Key Offerings of the report:

  • The EMR report gives an overview of the global dicamba herbicide market for the periods (2017-2021) and (2022-2027). 
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for the physical formula, foundation, crop type, and major regions of dicamba herbicide.  
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global dicamba herbicide industry are Bayer Cropscience AG, Syngenta AG, Nufarm Limited, BASF SE, and Helena Agri-Enterprises, LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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