Dicamba Herbicide Market

Dicamba Herbicide Market Size & Growth (2022 - 2027):

Dicamba Herbicide Market was worth 397.0 million USD in 2021 and is expected to reach 566.6 million USD by 2026 with a CAGR of 7.37 %.

The market is expected to increase significantly owing to the growing demand for food security for the growing population along with the limited availability of agricultural lands and a rise in crop loss due to weed problems.

Dicamba is a type of herbicide that is used to kill various types of weeds in pastures, Rangelands and Non-crop areas. Dicamba works by increasing plant growth rates. At sufficient amounts, Plant outgrows its nutrient supplies and dies. Dicamba is generally used to kill Broadleaf weeds, annual and perennial rose weeds in grain crops and high lands.

Drivers and Restraints:

The growing need for food security for the 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.

AGRICULTURAL DISINFECTANTS MARKET REPORT COVERAGE:

Market Segmentation:

Dicamba Herbicide Market – By Crop Type:

• Cereals & Grains

• Oilseeds & Pulses
• Pastures & Forage Crops

 Dicamba Herbicide Market – By Formulation:

• Acid and Salt
• Based on Physical form

Dicamba Herbicide Market – By Physical Form:

• Dry
• Liquid

Dicamba Herbicide Market – By Time of Application

• Pre- and Post-Emergence
• Cereals & grains

Dicamba Herbicide Market – By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Europe dominates the market during the forecast period. North America is the fastest-growing market and second-largest market owing to the rapidly advancing agricultural practices.

Major Key Players:

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.