The Latin America Dicamba Herbicide Market had a market value of USD 82 million in 2020 and is forecasted to exhibit a CAGR of 7.4% and reach USD 110 million by 2025. Latin America Market is expected to rise tremendously because of changing farming practices from traditional to conventional.
Dicamba is a type of herbicide that is used to kill various types of weeds in pastures, Range lands and Non-crop areas. Dicamba works by increasing plant growth rate. At sufficient amounts, Plant outgrows its nutrient supplies and dies. Dicamba is generally used to kill Broad leaf weeds, annual and perennial rose weeds in grain crops and high lands.
Drivers and Restraints of Latin America Dicamba Herbicide Market:
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 Latin America dicamba herbicide market. However, some of the factors like volatility of Dicamba, Stringent regulatory approvals and growing organic food industry are restraining the Latin America market.
Latin America Dicamba Herbicide Market - By Crop Type:
Cereals & Grains
Latin America Dicamba Herbicide Market - By Formulation:
Latin America Dicamba Herbicide Market - By Physical Form:
Latin America Dicamba Herbicide Market - By Time of Application:
Geographically, Latin America market is further segmented into
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
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