2,4 D Herbicides Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DMAG3520 | Last Updated On: Jul 05 2021 | No. of Pages: 180 | Available Formats

> Global 2,4 D Herbicides Market Expected to reach a high CAGR of 8.28% By 2028: DataM Intelligence

Market Overview

2,4-Dichlorophenoxyacetic Acid, commonly called as 2, 4-D, is a part of the phenoxy herbicides group. It is the most common type of herbicide used in the agriculture sector. Generally, herbicides are applied to maintain plant growth and high productivity in agricultural practices. These herbicides find application in agricultural as well as non-agricultural applications such as in lawns, parks, turfs, gardening, golf courses and forestry, among other areas. The key factor that contributes to the rising demand for 2, 4-D and its derivatives is its low price and efficiency per acre compared to other herbicides. In addition, 2,4-D provides high water solubility as well as many other solvents, due to which it can easily penetrate in to the soil (from the plant) and thus increase crop yield, promote plant growth and enhance soil quality. 

The global 2,4 D herbicides market valued USD XX million in 2020 and is forecasted to reach USD XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028)

2,4 D Herbicides Market

Source: DataM Intelligence Analysis (2021)

Market Dynamics

Wide range of applications to drive the market growth

2,4-D is the most widely used herbicide in agriculture for protecting crop quality, increasing food yield, and in land management by managing poisonous and invasive weeds on roadways, parks, forests, and grasslands. It is also used in lawn and turf management for safeguarding grasses from weeds and promoting soft turf. Such wide range of applications of 2,4-D is expected to drive growth of the 2,4-D market globally. Moreover, modernization in farming techniques and the increasing usage of agrochemicals to increase crop yield are the major factors driving the global 2,4-D herbicide market. In order to cater to the increasing demand for grains, cereals, fruits and vegetables, among others with the growing population, the demand for agrochemicals such as fungicide, herbicide and insecticide has increased across the globe. For instance, according to the FAO, world cereal production in 2015-16 was 2590.1 million tons, which increased to 2,703.6 million tons in 2017-18. Also, the low cost, high efficiency and environmental benefits 2,4-D herbicide as compared to other herbicide products also help drive the market.

On the other hand, limited use in current scenario and complexity involved in the manufacturing of 2,4-D herbicides has proved to be a restraint for the 2,4-D herbicides market. Also, the stringent regulations & polices in developed regions may hamper the growth of global 2,4-D herbicides market.

Market Segmentation

Liquid is the most widely available form, holding about XX% of the global market

There is an increase in the awareness for alternative methods of weed control and bio-based pesticides owing to rise in health concerns and adverse effects on environment. On the other hand, the oilseeds & pulses segment, by crop type, is projected to have the highest CAGR during the forecast period. This is due to the growing demand for soybean which is a major edible oil. Moreover, there has been a rise in the usage of herbicides in the cultivation of pulses especially in Asian countries in recent years.

Geographical Penetration

Asia Pacific is the largest market for 2,4-D herbicides with a share of nearly XX% in global sales value in 2020

By geography, Asia Pacific is the largest market for 2,4-D herbicides with a share of nearly XX% in global sales value in 2019, owing to large scale utilization of 2,4-D herbicide in wheat, corn, rice, and other crops. The declining availability of agricultural labor and shift towards precision farming practices is resulting in rapid transition of manual weed control towards crop protection chemicals. Moreover, the demand for 2,4 D herbicide is growing in the Asia-Pacific region due to the rise in awareness about better crop protection methods and less stringent regulation policies adopted by regulatory bodies. There is also a high demand for generic herbicides adopted by a majority of farmers in different countries in the Asia-Pacific region. India and China are leading the 2,4-D herbicides consumption in this region and are expected to hold their dominance over the forecast period.

 

2,4 D Herbicides Market

Source: DataM Intelligence Analysis (2021)

Competitive Landscape

The global 2,4 D Herbicides market is highly competitive in nature with the presence of many formulators. Some of the major players of the market include DowDuPont, BASF, Monsanto, FMC Corporation and Nufarm Ltd. They have strengthened the market through their product offerings. Continuous innovation to introduce new products, with functional benefits is the key competitive factor in the market. For instance, In June 2018, BASF SE launched pre-emergent and residual herbicide Zidua for Argentinean farming. In Argentina, Nufarm has developed Weedar Full, a hormonal herbicide that combines two salts, based on the 2,4-D non-volatile amine.

COVID-19 Impact: The market witnessed a negative impact

The entire world is facing the effects of the COVID-19 pandemic in various sectors and industries. As China is the producer and supplier of most of the raw materials or inputs in many industries, the outbreak of Coronavirus in China has disrupted the entire economy. The restriction on logistics has been the main challenge for all sectors of the industry. Transportation through trucks were severely hit. As for cross border transportation through trucks, drivers had to be quarantined for two weeks if the road hadn't already been blocked. Also, the movement of vehicles were restricted by the provinces that are coming from states or places where the situation was worst. However, Asia Pacific agriculture industry, particularly in countries such as India and China remained resilient to the pandemic as much of the farm produce is used in household consumption and farming practices were exempted under essential categories. Thus the demand for 2,4-D herbicides remained in line with the expected growth rates, thereby offsetting the decline in European markets

Why Purchase the Report?

  • Understand the current market scenario and viability of global 2,4 D herbicides over the forecast period.
  • Visualize the composition of the global 2,4 D herbicides market in terms of form and crop type to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Excel data sheet with valuable data points of the global 2,4 D herbicides market – Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Agrochemical Companies
  • Farming Communities
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals

Table of Contents

  1. Global 2,4 D Herbicides Market -Scope and Methodology

    1. Research Methodology
    2. Scope of the Market
  2. Global 2,4 D Herbicides Market -Key Trends and Developments

  3. Global 2,4 D Herbicides Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by Crop Type
  4. Global 2,4 D Herbicides Market – Market Dynamics

    1. Market impacting factors
      1. Drivers
        1. Diminishing arable land and increasing food demand
        2. Adoption of better farming practices and rise in production of cereals & grains 
      2. Restraints
        1. Stringent government regulations
      3. Opportunities
        1. Higher consumption of plant-based products
    2. Impact analysis
  5. Global 2,4 D Herbicides Market – Industry Analysis

    1. Porter's five forces analysis
    2. Value chain analysis
    3. Patent Analysis
    4. Regulatory Analysis
  6. Global 2,4 D Herbicides Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
  7. Global 2,4 D Herbicides Market – By Form

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Form segment
      2. Market attractiveness index, By Form segment
    2. Liquid*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
    3. Granular
  8. Global 2,4 D Herbicides Market – By Crop Type

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Crop Type Segment
      2. Market attractiveness index, By Crop Type Segment
    2. Corn*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
    3. Wheat
    4. Cotton
    5. Soybean
    6. Others
  9. Global 2,4 D Herbicides Market – By Region

    1. Introduction
      1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America*
      1. Introduction
      2. Key region-specific dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    4. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Spain
        5. Italy
        6. Rest of Europe
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Form
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Crop Type
  10. Global 2,4 D Herbicides Market – Competitive Landscape

    1. Competitive scenario
    2. Competitor strategy analysis
    3. Market positioning/share analysis
    4. Mergers and acquisitions analysis
  11. Global 2,4 D Herbicides Market - Company Profiles

    1. Adama Agricultural Solutions
      1. Company Overview
      2. Type Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Aero Agro Chemical Industries Limited
    3. DowDupont
    4. BASF SE
    5. Monsanto Company
    6. TCI Chemicals (India) Pvt. Ltd
    7. Kenvos Biotech Co., Ltd.
    8. Nufarm Ltd
    9. Mercator Pharma
    10. Cayman Chemical(*List not Exhaustive*)
  12. Global 2,4 D Herbicides Market – Premium Insights

  13. Global 2,4 D Herbicides Market – DataM

    1. Appendix
    2. About us and services
    3. Contact us

List of Tables & Figures

List of Tables

Table 1        Global 2,4 D Herbicides Market Value, By Form, 2020, 2024 & 2028 ($ Million)

Table 2        Global 2,4 D Herbicides Market Value, By Crop Type, 2020, 2024 & 2028 ($ Million)

Table 3        Global 2,4 D Herbicides Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 4        Global 2,4 D Herbicides Market Value, By Form, 2020, 2024 & 2028 ($ Million)

Table 5        Global 2,4 D Herbicides Market Value, By Form, 2019-2028 ($ Million)

Table 6        Global 2,4 D Herbicides Market Value, By Crop Type, 2020, 2024 & 2028 ($ Million)

Table 7        Global 2,4 D Herbicides Market Value, By Crop Type, 2019-2028 ($ Million)

Table 8        Global 2,4 D Herbicides Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 9        Global 2,4 D Herbicides Market Value, By Region, 2019-2028 ($ Million)

Table 10      North America 2,4 D Herbicides Market Value, By Form, 2019-2028 ($ Million)

Table 11       North America 2,4 D Herbicides Market Value, By Crop Type, 2019-2028 ($ Million)

Table 12      North America 2,4 D Herbicides Market Value, By Country, 2019-2028 ($ Million)

Table 13      South America 2,4 D Herbicides Market Value, By Form, 2019-2028 ($ Million)

Table 14      South America 2,4 D Herbicides Market Value, By Crop Type, 2019-2028 ($ Million)

Table 15      South America 2,4 D Herbicides Market Value, By Country, 2019-2028 ($ Million)

Table 16      Europe 2,4 D Herbicides Market Value, By Form, 2019-2028 ($ Million)

Table 17      Europe 2,4 D Herbicides Market Value, By Crop Type, 2019-2028 ($ Million)

Table 18      Europe 2,4 D Herbicides Market Value, By Country, 2019-2028 ($ Million)

Table 19      Asia-Pacific 2,4 D Herbicides Market Value, By Form, 2019-2028 ($ Million)

Table 20      Asia-Pacific 2,4 D Herbicides Market Value, By Crop Type, 2019-2028 ($ Million)

Table 21      Asia-Pacific 2,4 D Herbicides Market Value, By Country, 2019-2028 ($ Million)

Table 22      Middle East & Africa 2,4 D Herbicides Market Value, By Form, 2019-2028 ($ Million)

Table 23      Middle East & Africa 2,4 D Herbicides Market Value, By Crop Type, 2019-2028 ($ Million)

Table 24      Adama Agricultural Solutions: Overview

Table 25      Adama Agricultural Solutions: Product Portfolio

Table 26      Adama Agricultural Solutions: Key Developments

Table 27      Aero Agro Chemical Industries Limited: Overview

Table 28      Aero Agro Chemical Industries Limited: Product Portfolio

Table 29      Aero Agro Chemical Industries Limited: Key Developments

Table 30      DowDupont: Overview

Table 31      DowDupont: Product Portfolio

Table 32      DowDupont: Key Developments

Table 33      BASF SE: Overview

Table 34      BASF SE: Product Portfolio

Table 35      BASF SE: Key Developments

Table 36      Monsanto Company: Overview

Table 37      Monsanto Company: Product Portfolio

Table 38      Monsanto Company: Key Developments

Table 39      TCI Chemicals (India) Pvt. Ltd: Overview

Table 40      TCI Chemicals (India) Pvt. Ltd: Product Portfolio

Table 41      TCI Chemicals (India) Pvt. Ltd: Key Developments

Table 42      Kenvos Biotech Co., Ltd.: Overview

Table 43      Kenvos Biotech Co., Ltd.: Product Portfolio

Table 44      Kenvos Biotech Co., Ltd.: Key Developments

Table 45      Nufarm Ltd: Overview

Table 46      Nufarm Ltd: Product Portfolio

Table 47      Nufarm Ltd: Key Developments

Table 48      Mercator Pharma: Overview

Table 49      Mercator Pharma: Product Portfolio

Table 50      Mercator Pharma: Key Developments

Table 51      Cayman Chemical: Overview

Table 52      Cayman Chemical: Product Portfolio

Table 53      Cayman Chemical: Key Developments

List of Figures

Figure 1      Global 2,4 D Herbicides Market Share, By Form, 2020 & 2028 (%)

Figure 2      Global 2,4 D Herbicides Market Share, By Crop Type, 2020 & 2028 (%)

Figure 3      Global 2,4 D Herbicides Market Share, By Region, 2020 & 2028 (%)

Figure 4      Global 2,4 D Herbicides Market Value, 2019-2028 ($ Million)

Figure 5      Global 2,4 D Herbicides Market Y-o-Y Growth, By Form, 2020-2028 (%)

Figure 6      Liquid: Global 2,4 D Herbicides Market Value, 2019-2028 ($ Million)

Figure 7      Granular: Global 2,4 D Herbicides Market Value, 2019-2028 ($ Million)

Figure 8     Global 2,4 D Herbicides Market Y-o-Y Growth, By Crop Type, 2020-2028 (%)

Figure 9      Corn: Global 2,4 D Herbicides Market Value, 2019-2028 ($ Million)

Figure 10    Wheat: Global 2,4 D Herbicides Market Value, 2019-2028 ($ Million)

Figure 11    Cotton: Global 2,4 D Herbicides Market Value, 2019-2028 ($ Million)

Figure 12    Soybean: Global 2,4 D Herbicides Market Value, 2019-2028 ($ Million)

Figure 13    Others: Global 2,4 D Herbicides Market Value, 2019-2028 ($ Million)

Figure 14    Global 2,4 D Herbicides Market Y-o-Y Growth, By Region, 2020-2028 (%)

Figure 15    North America 2,4 D Herbicides Market Value, 2019-2028 ($ Million)

Figure 16    North America 2,4 D Herbicides Market Share, By Form, 2020 & 2028 (%)

Figure 17    North America 2,4 D Herbicides Market Share, By Crop Type, 2020 & 2028 (%)

Figure 18    North America 2,4 D Herbicides Market Share, By Country, 2020 & 2028 (%)

Figure 19    South America 2,4 D Herbicides Market Value, 2019-2028 ($ Million)

Figure 20   South America 2,4 D Herbicides Market Share, By Form, 2020 & 2028 (%)

Figure 21    South America 2,4 D Herbicides Market Share, By Crop Type, 2020 & 2028 (%)

Figure 22   South America 2,4 D Herbicides Market Share, By Country, 2020 & 2028 (%)

Figure 23   Europe 2,4 D Herbicides Market Value, 2019-2028 ($ Million)

Figure 24   Europe 2,4 D Herbicides Market Share, By Form, 2020 & 2028 (%)

Figure 25   Europe 2,4 D Herbicides Market Share, By Crop Type, 2020 & 2028 (%)

Figure 26   Europe 2,4 D Herbicides Market Share, By Country, 2020 & 2028 (%)

Figure 27    Asia-Pacific 2,4 D Herbicides Market Value, 2019-2028 ($ Million)

Figure 28   Asia-Pacific 2,4 D Herbicides Market Share, By Form, 2020 & 2028 (%)

Figure 29   Asia-Pacific 2,4 D Herbicides Market Share, By Crop Type, 2020 & 2028 (%)

Figure 30   Asia-Pacific 2,4 D Herbicides Market Share, By Country, 2020 & 2028 (%)

Figure 31    Middle East & Africa 2,4 D Herbicides Market Value, 2019-2028 ($ Million)

Figure 32   Middle East & Africa 2,4 D Herbicides Market Share, By Form, 2020 & 2028 (%)

Figure 33   Middle East & Africa 2,4 D Herbicides Market Share, By Crop Type, 2020 & 2028 (%)

Figure 34   Adama Agricultural Solutions: Financials

Figure 35   Aero Agro Chemical Industries Limited: Financials

Figure 36   DowDupont: Financials

Figure 37    BASF SE: Financials

Figure 38   Monsanto Company: Financials

Figure 39   TCI Chemicals (India) Pvt. Ltd: Financials

Figure 40   Kenvos Biotech Co., Ltd.: Financials

Figure 41    Nufarm Ltd: Financials

Figure 42   Mercator Pharma: Financials

Figure 43   Cayman Chemical: Financials

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