The Europe dicamba herbicide market size is expected to reach USD 149.46 million in 2024 and reach USD 209.62 million by 2029, growing at a CAGR of 7% from 2024 to 2029. Market is expected to increase significantly owing to the growing demand of food security for the growing population along with limited availability of agricultural lands and rise in crop loss due to weed problems.
Dicamba is a type of herbicide that selectively kills broad-leaf weeds in farmland and other domestic and non-commercial applications. Dicamba is taken in by weeds through roots and leaves with short soil residuals. Dicamba can bring illness by inhaling, ingestion, or skin absorption to people.
The growing need of food security for rising populace and rising crop loss owing to weed problems, along with changing agricultural practices from traditional to conventional are some of the factors driving the growth of the dicamba herbicide market. However, some of the factors like volatility of Dicamba, Stringent regulatory approvals and growing organic food industry are restraining the market.
Time of Application
Europe dominates the world market and is expected to hold the highest share throughout the forecast period.
This report includes a study of marketing and development strategies of leading companies such as Monsanto Company, BASF SE, Bayer Crop Science, E.I. du Pont de Nemours and Company, The Dow Chemicals Company, and Syngenta AG
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