Dicamba Herbicide Market
Dicamba Herbicide Market Forecasts to 2030 - Global Analysis By Crop Type (Cereals and Grains, Pastures and Forage Crops, Oilseeds and Pulses and Other Crop Types), Form (Dry, Liquid and Other Forms), Formulation, Application, and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $569.6 MN |
|
Projected Year Value (2030) |
US $1,061.6 MN |
|
CAGR (2023 - 2030) |
9.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Dicamba Herbicide Market is accounted for $569.6 million in 2023 and is expected to reach $1,061.6 million by 2030 growing at a CAGR of 9.3% during the forecast period. Dicamba is a broad-spectrum herbicide widely used in agriculture to control broad-leaf weeds. It is primarily employed in conjunction with genetically modified crops, such as dicamba-resistant varieties of soybeans and cotton. This herbicide is effective against various weeds, including those resistant to other herbicides, making it a valuable tool for farmers. Thus, this can be applied in pre-emergence or post-emergence, and its systemic action allows it to move within the plant, controlling weeds that may not be in direct contact with the herbicide.
According to the U.S Census Bureau, the world population is projected to reach 9 billion by 2044, an increase of 50% over the next 45 years.
Market Dynamics:
Driver:
Expanding agriculture sector
Dicamba herbicides play a crucial role by providing an effective solution for controlling broadleaf weeds, enhancing crop yields, and ensuring food security. The broad-spectrum activity and effectiveness against troublesome broadleaf weeds make it an indispensable tool for farmers looking to optimize their yields in the face of expanding agricultural operations, thus gradually boosting market growth.
Restraint:
High cost
The need for advanced application technologies and equipment to minimize drift adds to the overall cost. High manufacturing and regulatory compliance costs are often passed on to end-users, making dicamba herbicides less attractive from a cost perspective. Furthermore, the economic constraints and high costs of agricultural producers may further limit their willingness to adopt dicamba-based solutions, impacting the market's overall growth.
Opportunity:
Advancements in formulations
The ongoing research and development efforts have led to the creation of advanced dicamba formulations, addressing concerns related to volatility and off-target drift. Formulation improvements focus on reducing environmental impact, enhancing herbicide efficacy, and ensuring safety in application. Moreover, this addresses one of the major challenges associated with dicamba use and contributes to increased acceptance among farmers and regulatory bodies, significantly propelling this market size.
Threat:
Lack of awareness
Limited awareness can stem from insufficient education and outreach programs, resulting in a lack of understanding regarding the advantages of dicamba herbicides in crop management. Many farmers and end-users have limited knowledge or awareness; they may be unaware of the specific uses, application methods, and potential advantages. Moreover, farmers are not aware of these benefits, which hinder market growth and limit the market share of these products.
Covid-19 Impact
The COVID-19 pandemic has had several negative impacts on the Dicamba herbicide market. Lockdowns, supply chain disruptions, and labor shortages associated with pandemic-related restrictions have impeded the production and distribution of dicamba herbicides. Furthermore, the economic downturn caused by the pandemic has influenced farmers' purchasing decisions, potentially leading to a reduction in the adoption of dicamba herbicides or a shift to more cost-effective alternatives, which is impeding this market size.
The oilseeds and pulses segment is expected to be the largest during the forecast period
The oilseeds and pulses segment is estimated to hold the largest share due to its pivotal role in weed management for crops such as soybeans, canola, and pulses like lentils and chickpeas. The herbicide is widely utilized to control broadleaf weeds that compete with oilseed and pulse crops for nutrients, sunlight, and water. Moreover, dicamba's effectiveness in suppressing challenging weeds, particularly those resistant to other herbicides, makes it an essential tool for farmers cultivating oilseeds and pulses, which drive this segment’s growth.
The pre-emergence segment is expected to have the highest CAGR during the forecast period
The pre-emergence segment is anticipated to have highest CAGR during the forecast period because it serves as a vital tool for weed control before the emergence of target crops. Pre-emergence application of dicamba is particularly effective in managing weed pressure, ensuring a cleaner and more favorable environment for crops to germinate and establish themselves, and showcasing their role in fostering optimal crop growth by curbing weed interference at an early stage in the agricultural cycle, which is boosting this segment’s expansion.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period. This region is a cornerstone of many economies and finds widespread use in crops like rice, wheat, soybeans, and various fruits and vegetables. This region is home to some of the key players, such as Monsanto Company, Helena Chemical Company, Bayer Cropscience AG, and BASF SE. Furthermore, rapid population growth and increasing food demand in Asia underscore the importance of maximizing agricultural productivity, thereby propelling this region’s expansion.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period, owing to its pivotal role in agricultural practices and addressing weed management challenges across various crops. They embrace dicamba for its efficacy in combating resilient weeds, contributing to enhanced crop yields and quality. Additionally, the diverse agricultural landscape in Europe, encompassing both large-scale commercial farms and smaller, family-owned operations, contributes to the varied applications of dicamba herbicides, thereby driving this region’s growth.
Key players in the market
Some of the key players in the Dicamba Herbicide Market include BASF SE, The Andersons, Inc., Bayer Cropscience AG, The DOW Chemical Company, Monsanto Company, Helena Chemical Company, Nufarm Limited, Alligare, LLC, Syngenta AG, E.I. Dupont De Nemours and Company
Key Developments:
In December 2023, BASF launches Irgastab® PUR 71, a cutting-edge antioxidant improving regulatory compliance and performance for polyols and polyurethane foams.
In May 2023, Dow and New Energy Blue announced a long-term supply agreement in North America in which New Energy Blue will create bio-based ethylene from renewable agricultural residues.
Crop Types Covered:
• Cereals and Grains
• Pastures and Forage Crops
• Oilseeds and Pulses
• Other Crop Types
Forms Covered:
• Dry
• Liquid
• Other Forms
Formulations Covered:
• Acid
• Salt
Applications Covered:
• Pre-Emergence
• Post-Emergence
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Dicamba Herbicide Market, By Crop Type
5.1 Introduction
5.2 Cereals and Grains
5.3 Pastures and Forage Crops
5.4 Oilseeds and Pulses
5.5 Other Crop Types
6 Global Dicamba Herbicide Market, By Form
6.1 Introduction
6.2 Dry
6.3 Liquid
6.4 Other Forms
7 Global Dicamba Herbicide Market, By Formulation
7.1 Introduction
7.2 Acid
7.3 Salt
8 Global Dicamba Herbicide Market, By Application
8.1 Introduction
8.2 Pre-Emergence
8.3 Post-Emergence
8.4 Other Applications
9 Global Dicamba Herbicide Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 BASF SE
11.2 The Andersons, Inc.
11.3 Bayer Cropscience AG
11.4 The DOW Chemical Company
11.5 Monsanto Company
11.6 Helena Chemical Company
11.7 Nufarm Limited
11.8 Alligare, LLC
11.9 Syngenta AG
11.10 E.I. Dupont De Nemours and Company
List of Tables
1 Global Dicamba Herbicide Market Outlook, By Region (2021-2030) ($MN)
2 Global Dicamba Herbicide Market Outlook, By Crop Type (2021-2030) ($MN)
3 Global Dicamba Herbicide Market Outlook, By Cereals and Grains (2021-2030) ($MN)
4 Global Dicamba Herbicide Market Outlook, By Pastures and Forage Crops (2021-2030) ($MN)
5 Global Dicamba Herbicide Market Outlook, By Oilseeds and Pulses (2021-2030) ($MN)
6 Global Dicamba Herbicide Market Outlook, By Other Crop Types (2021-2030) ($MN)
7 Global Dicamba Herbicide Market Outlook, By Form (2021-2030) ($MN)
8 Global Dicamba Herbicide Market Outlook, By Dry (2021-2030) ($MN)
9 Global Dicamba Herbicide Market Outlook, By Liquid (2021-2030) ($MN)
10 Global Dicamba Herbicide Market Outlook, By Other Forms (2021-2030) ($MN)
11 Global Dicamba Herbicide Market Outlook, By Formulation (2021-2030) ($MN)
12 Global Dicamba Herbicide Market Outlook, By Acid (2021-2030) ($MN)
13 Global Dicamba Herbicide Market Outlook, By Salt (2021-2030) ($MN)
14 Global Dicamba Herbicide Market Outlook, By Application (2021-2030) ($MN)
15 Global Dicamba Herbicide Market Outlook, By Pre-Emergence (2021-2030) ($MN)
16 Global Dicamba Herbicide Market Outlook, By Post-Emergence (2021-2030) ($MN)
17 Global Dicamba Herbicide Market Outlook, By Other Applications (2021-2030) ($MN)
18 North America Dicamba Herbicide Market Outlook, By Country (2021-2030) ($MN)
19 North America Dicamba Herbicide Market Outlook, By Crop Type (2021-2030) ($MN)
20 North America Dicamba Herbicide Market Outlook, By Cereals and Grains (2021-2030) ($MN)
21 North America Dicamba Herbicide Market Outlook, By Pastures and Forage Crops (2021-2030) ($MN)
22 North America Dicamba Herbicide Market Outlook, By Oilseeds and Pulses (2021-2030) ($MN)
23 North America Dicamba Herbicide Market Outlook, By Other Crop Types (2021-2030) ($MN)
24 North America Dicamba Herbicide Market Outlook, By Form (2021-2030) ($MN)
25 North America Dicamba Herbicide Market Outlook, By Dry (2021-2030) ($MN)
26 North America Dicamba Herbicide Market Outlook, By Liquid (2021-2030) ($MN)
27 North America Dicamba Herbicide Market Outlook, By Other Forms (2021-2030) ($MN)
28 North America Dicamba Herbicide Market Outlook, By Formulation (2021-2030) ($MN)
29 North America Dicamba Herbicide Market Outlook, By Acid (2021-2030) ($MN)
30 North America Dicamba Herbicide Market Outlook, By Salt (2021-2030) ($MN)
31 North America Dicamba Herbicide Market Outlook, By Application (2021-2030) ($MN)
32 North America Dicamba Herbicide Market Outlook, By Pre-Emergence (2021-2030) ($MN)
33 North America Dicamba Herbicide Market Outlook, By Post-Emergence (2021-2030) ($MN)
34 North America Dicamba Herbicide Market Outlook, By Other Applications (2021-2030) ($MN)
35 Europe Dicamba Herbicide Market Outlook, By Country (2021-2030) ($MN)
36 Europe Dicamba Herbicide Market Outlook, By Crop Type (2021-2030) ($MN)
37 Europe Dicamba Herbicide Market Outlook, By Cereals and Grains (2021-2030) ($MN)
38 Europe Dicamba Herbicide Market Outlook, By Pastures and Forage Crops (2021-2030) ($MN)
39 Europe Dicamba Herbicide Market Outlook, By Oilseeds and Pulses (2021-2030) ($MN)
40 Europe Dicamba Herbicide Market Outlook, By Other Crop Types (2021-2030) ($MN)
41 Europe Dicamba Herbicide Market Outlook, By Form (2021-2030) ($MN)
42 Europe Dicamba Herbicide Market Outlook, By Dry (2021-2030) ($MN)
43 Europe Dicamba Herbicide Market Outlook, By Liquid (2021-2030) ($MN)
44 Europe Dicamba Herbicide Market Outlook, By Other Forms (2021-2030) ($MN)
45 Europe Dicamba Herbicide Market Outlook, By Formulation (2021-2030) ($MN)
46 Europe Dicamba Herbicide Market Outlook, By Acid (2021-2030) ($MN)
47 Europe Dicamba Herbicide Market Outlook, By Salt (2021-2030) ($MN)
48 Europe Dicamba Herbicide Market Outlook, By Application (2021-2030) ($MN)
49 Europe Dicamba Herbicide Market Outlook, By Pre-Emergence (2021-2030) ($MN)
50 Europe Dicamba Herbicide Market Outlook, By Post-Emergence (2021-2030) ($MN)
51 Europe Dicamba Herbicide Market Outlook, By Other Applications (2021-2030) ($MN)
52 Asia Pacific Dicamba Herbicide Market Outlook, By Country (2021-2030) ($MN)
53 Asia Pacific Dicamba Herbicide Market Outlook, By Crop Type (2021-2030) ($MN)
54 Asia Pacific Dicamba Herbicide Market Outlook, By Cereals and Grains (2021-2030) ($MN)
55 Asia Pacific Dicamba Herbicide Market Outlook, By Pastures and Forage Crops (2021-2030) ($MN)
56 Asia Pacific Dicamba Herbicide Market Outlook, By Oilseeds and Pulses (2021-2030) ($MN)
57 Asia Pacific Dicamba Herbicide Market Outlook, By Other Crop Types (2021-2030) ($MN)
58 Asia Pacific Dicamba Herbicide Market Outlook, By Form (2021-2030) ($MN)
59 Asia Pacific Dicamba Herbicide Market Outlook, By Dry (2021-2030) ($MN)
60 Asia Pacific Dicamba Herbicide Market Outlook, By Liquid (2021-2030) ($MN)
61 Asia Pacific Dicamba Herbicide Market Outlook, By Other Forms (2021-2030) ($MN)
62 Asia Pacific Dicamba Herbicide Market Outlook, By Formulation (2021-2030) ($MN)
63 Asia Pacific Dicamba Herbicide Market Outlook, By Acid (2021-2030) ($MN)
64 Asia Pacific Dicamba Herbicide Market Outlook, By Salt (2021-2030) ($MN)
65 Asia Pacific Dicamba Herbicide Market Outlook, By Application (2021-2030) ($MN)
66 Asia Pacific Dicamba Herbicide Market Outlook, By Pre-Emergence (2021-2030) ($MN)
67 Asia Pacific Dicamba Herbicide Market Outlook, By Post-Emergence (2021-2030) ($MN)
68 Asia Pacific Dicamba Herbicide Market Outlook, By Other Applications (2021-2030) ($MN)
69 South America Dicamba Herbicide Market Outlook, By Country (2021-2030) ($MN)
70 South America Dicamba Herbicide Market Outlook, By Crop Type (2021-2030) ($MN)
71 South America Dicamba Herbicide Market Outlook, By Cereals and Grains (2021-2030) ($MN)
72 South America Dicamba Herbicide Market Outlook, By Pastures and Forage Crops (2021-2030) ($MN)
73 South America Dicamba Herbicide Market Outlook, By Oilseeds and Pulses (2021-2030) ($MN)
74 South America Dicamba Herbicide Market Outlook, By Other Crop Types (2021-2030) ($MN)
75 South America Dicamba Herbicide Market Outlook, By Form (2021-2030) ($MN)
76 South America Dicamba Herbicide Market Outlook, By Dry (2021-2030) ($MN)
77 South America Dicamba Herbicide Market Outlook, By Liquid (2021-2030) ($MN)
78 South America Dicamba Herbicide Market Outlook, By Other Forms (2021-2030) ($MN)
79 South America Dicamba Herbicide Market Outlook, By Formulation (2021-2030) ($MN)
80 South America Dicamba Herbicide Market Outlook, By Acid (2021-2030) ($MN)
81 South America Dicamba Herbicide Market Outlook, By Salt (2021-2030) ($MN)
82 South America Dicamba Herbicide Market Outlook, By Application (2021-2030) ($MN)
83 South America Dicamba Herbicide Market Outlook, By Pre-Emergence (2021-2030) ($MN)
84 South America Dicamba Herbicide Market Outlook, By Post-Emergence (2021-2030) ($MN)
85 South America Dicamba Herbicide Market Outlook, By Other Applications (2021-2030) ($MN)
86 Middle East & Africa Dicamba Herbicide Market Outlook, By Country (2021-2030) ($MN)
87 Middle East & Africa Dicamba Herbicide Market Outlook, By Crop Type (2021-2030) ($MN)
88 Middle East & Africa Dicamba Herbicide Market Outlook, By Cereals and Grains (2021-2030) ($MN)
89 Middle East & Africa Dicamba Herbicide Market Outlook, By Pastures and Forage Crops (2021-2030) ($MN)
90 Middle East & Africa Dicamba Herbicide Market Outlook, By Oilseeds and Pulses (2021-2030) ($MN)
91 Middle East & Africa Dicamba Herbicide Market Outlook, By Other Crop Types (2021-2030) ($MN)
92 Middle East & Africa Dicamba Herbicide Market Outlook, By Form (2021-2030) ($MN)
93 Middle East & Africa Dicamba Herbicide Market Outlook, By Dry (2021-2030) ($MN)
94 Middle East & Africa Dicamba Herbicide Market Outlook, By Liquid (2021-2030) ($MN)
95 Middle East & Africa Dicamba Herbicide Market Outlook, By Other Forms (2021-2030) ($MN)
96 Middle East & Africa Dicamba Herbicide Market Outlook, By Formulation (2021-2030) ($MN)
97 Middle East & Africa Dicamba Herbicide Market Outlook, By Acid (2021-2030) ($MN)
98 Middle East & Africa Dicamba Herbicide Market Outlook, By Salt (2021-2030) ($MN)
99 Middle East & Africa Dicamba Herbicide Market Outlook, By Application (2021-2030) ($MN)
100 Middle East & Africa Dicamba Herbicide Market Outlook, By Pre-Emergence (2021-2030) ($MN)
101 Middle East & Africa Dicamba Herbicide Market Outlook, By Post-Emergence (2021-2030) ($MN)
102 Middle East & Africa Dicamba Herbicide Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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