Report Ocean recently published an extensive intelligence report titled “Dicamba Herbicide Market Report: Size, Share, Competitive Landscape, Technology, Latest Updates, and Forecasts to 2031.” This report provides a comprehensive analysis of the market at a micro-level, focusing on insurers, major market sectors, products, and distribution methods within the industry.
The competitive segment of the report offers a summary of key competitors, their financial conditions, recent developments, competitive analysis, and market advancements. This analysis enables market participants to effectively identify relevant opportunities by assessing the strengths and weaknesses of major competitors.
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The global dicamba herbicide market size was US$ 4.9 billion in 2021. The global dicamba herbicide market is forecast to grow to US$ 9.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2022 to 2030.
Dicamba is a benzoic acid herbicide applied to the soil, plants, and leaves. It is also used to control broad-leaved weeds. Dicamba is a pesticide that dissolves in water. It’s a weed-control herbicide that’s been around for 40 years. To meet the growing demand for fodder, dicamba herbicides are used to reduce crop loss and increase crop yield. Dicamba is replacing glyphosate in most agricultural application markets.
Factors Influencing the Market
Rising crop production awareness may benefit the dicamba herbicide market during the study period. Moreover, weed herbicide resistance and growing cases of crop loss due to weed problems will surge the growth of the dicamba herbicide market.
The growing population leading to surging demand for food and food protection will offer ample growth opportunities for the dicamba herbicide market. Furthermore, growing cultivator awareness of the benefits of dicamba herbicide and growing advancements in farming techniques will contribute to the growth of the dicamba herbicide market.
Growing environmental issues may limit the adoption of dicamba herbicide in the coming years.
COVID-19 Impact Analysis
The demand for dicamba herbicide is likely to reduce due to the growing emphasis on environmental safety. Demand for crop production increased as a result of the COVID-19 pandemic. However, manufacturing units experienced various challenges associated with the production of dicamba herbicide.
Thus, it hampered the growth of the global dicamba herbicide market.
Regional Analysis
North America will hold the highest market share in the global dicamba herbicide market, owing to the rising demand for dicamba herbicides for the production of various crops such as corn, soya beans, cotton, etc. In addition to that, Europe is also a key part of the demand for dicamba herbicides, followed by Asia-Pacific. In Asia-Pacific, the demand for dicamba herbicides is growing at a substantial rate, owing to the improved agricultural practices.
Furthermore, the dicamba herbicides market is forecast to witness ample growth opportunities due to the growing population of the region. Furthermore, the growing range of farming practices, combined with the increasing government support to reduce crop damage, will also contribute to the growth of the Asia-Pacific dicamba herbicide market during the study period.
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Competitors in the Market
Syngenta AG
DuPont
The Andersons, Inc.
Syngenta AG
Alligare
LLC
Helena Chemical Company
Albaugh
Bayer AG
BASF SE
Dow
Nufarm Limited
Monsanto Company
Other Prominent Players
Market Segmentation
The global dicamba herbicide market segmentation focuses on Physical Form, Application, Crop Type, Formulation, and Region.
By Physical form
Liquid
Dry
By Time of Application
Post-emergence
Pre-emergence
By Crop Type
Cereal & grains
Oilseeds & pulses
Pastures & forage crops
By Formulation
Salt
Acid
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America
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Furthermore, years considered for the study are as follows:
Historical year 2017, 2020
Base year 2021
Forecast period 2022 to 2030.
Target Audience of the Market in This Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Reasons to Purchase this Report:
Strategic Direction: This research report provides insightful analysis and strategic advice for senior executives, decision-makers, professionals, sales managers, and other market stakeholders working in this space. It aids in decision-making and offers strategic recommendations for product advancements.
Comprehensive Analysis: Both economic and non-economic aspects are taken into account in the report’s thorough qualitative and quantitative analysis of the market. For a complete knowledge of market dynamics, it contains a segment breakdown with market evaluations expressed in terms of value (USD Billion) for each segment.
Growth Opportunities: The research highlights the geographies and market categories predicted to expand at the highest rates, potentially positioning them to dominate their respective markets. It offers a thorough examination of consumption trends in various geographic areas and highlights the variables affecting regional market trends.
Competitive Landscape: The competitive landscape section lists the top market rivals and discusses current business expansions, collaborations, product launches, and acquisitions. This data makes it easier to evaluate significant players’ market positions.
Detailed Company Profiles: These include their company description, insights, product benchmarking, and SWOT analysis, providing a thorough picture of the major market participants. Stakeholders are able to assess the advantages and disadvantages of the leading market players due to these profiles.
Future Market Outlook: The study presents recent trends, growth prospects, drivers, challenges, and restraints in both emerging and developed regions. It also includes current and future market outlooks. It gives stakeholders knowledge of potential industry trends and aids in their prediction of upcoming market dynamics.
Industry Analysis: Using Porter’s Five Forces Analysis, the research provides a comprehensive analysis of the industry, looking at factors such as the bargaining power of customers and suppliers, rivalry among businesses, the threat of alternative products, and the threat of new entrants. This research helps to comprehend how fiercely the market is competitive.
Value Chain Insights: Through a thorough examination of the value chain, the research offers insightful information about the market. This aids stakeholders in comprehending the main processes and actors involved in the creation and supply of the good or service.
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