The Dicamba Herbicide Market report analyzes the global market size, shares, recent trends, competitive intelligence, and future market outlook. Dicamba herbicide is a selective herbicide used for controlling broadleaf weeds in various crops such as cereals, corn, and soybeans. The market is driven by the increasing demand for herbicides with low environmental impact, the need for effective weed management solutions, and advancements in herbicide formulations. In America, the Dicamba Herbicide Market is experiencing substantial growth. Key players in the market include BASF SE, Syngenta AG, Corteva Agriscience, and other prominent players.
Metrics |
Details |
Market CAGR |
6.1% |
Segments Covered |
By Type, By Form, By Crop Type, and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
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Dicamba is a benzoic acid compound used as a selective herbicide in a wide range of weed management practices worldwide. Since its first registration as an herbicide in 1967, dicamba herbicides have been extensively used in agricultural practices for controlling the growth of perennial weeds in cotton, soy, wheat, and other crops. It is used as an active ingredient in various weed control products intended for killing weeds in croplands, lawns, and roads.
The development of dicamba-tolerant crops is the major driver for the growth of the market. In 2017, Monsanto launched Roundup Ready Xtend, a dicamba-resistant GM soy variant. The company, now under Bayer AG, is planning to launch XtendFlex soybean technology that is tolerant to dicamba, glyphosate, and glufosinate. The need for crop protection has been rising with the growing demand for food and declining arable land. This is forcing the farmers towards effective weed management and the use of herbicides. Dicamba-based herbicides evolved as a solution owing to their potential to control the growth of weeds in a wide array of Dicamba-based, resulting in increased yield and deity of produce. Furthermore, the bans imposed on glyphosate-based herbicides and the increasing ate-tolerant weeds support the European region's growth.
However, the toxic effect of dicamba herbicides, particularly acid formulations on farmers and the environment, hinders the growth of the global dicamba herbicide market—the tendency of dicamba herbicides to drift to surrounding, hinderslts in widespread damage to non-dicamba-tolerant crops. According to EPA estimates, over 3.6 million acres of soybean were damaged by dicamba in the U.S. alone in 2017.
The global dicamba herbicide market has been segmented by form into liquid and granular. Liquid dicamba herbicides evolved as the largest segment of the market owing to the ease of application benefit of liquid formulations over their dry counterparts. The rising practice of foliar application drives the growth of the liquid dicamba herbicide market across the globe. The advantages offered by direct fertilization of herbicides, such as easy absorption into plant parts and almost instant functioning, motivate the use of liquid formulations. These products are applied by hose sprayers, aerosol sprays, and motivator techniques.
By geography, the global dicamba herbicide market is segmented into North America, South America, Europe, Asia Pacific, Middle East, and Africa. North America evolved as the largest market for the dicamba herbicide market owing to a large demand for selective herbicides in the region. The use of dicamba herbicides was first registered in the U.S. Since then, the market has been witnessing significant growth. However, the growing demand for high-performance herbiciSince Indi, a, and other Asian countries due to the rising precision farming practices made the Asia Pacific the fastest-growing market for dicamba herbicides.
The global dicamba herbicide market is consolidated with global agrochemical companies such as Syngenta, Monsanto, BASF, Nufarm, and Adama. Other key players in the market are Gharda Chemicals Ltd., Alligare, LLC, SinoHarvest, Royal Fertichem Pvt. Ltd., and Shanghai Pro first Co., Ltd.
The potential of dicamba in restricting the spread of weeds such as pigweed has to motivate this herbicide. However, the adverse effect of dicamba on vegetation and the ecosystem resulted in heated arguments among farming communities and environmentalists. This has resulted in the imposition of several restrictions and even bans on the use of dicamba. For instance,
The bans and approvals on the use of dicamba in Arkansas and Missouri are growing misconceptions among farmers in several states of the country and across the globe. Manufacturers focus on the effective labeling of the product and the development of high-performance dicamba that does not drift to other focus on the station. This would result in a significate ant growth opportunity for major agrochemical companies to increase their share in the market.
Other key developments in the global dicamba herbicide market are
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