The global dicamba market is foreseen to witness healthy growth, attaining a cost worth US$ 313.3 Mn in 2016. North the united states may additionally outpace the most important dicamba marketplace i.E. Europe, in phrases of Y-o-Y increase. Developing want for broadleaf weed regulation will continue to be the key motive force to the demand for dicamba globally.
A number of current agricultural practices contain alternative or mixture of glyphosate with dicamba, which may create lucrative possibilities. Furthermore, extensive recognition of integrated pest control is also predicted to spur the consumption of dicamba. The U.S. EPA’s current popularity of the use of a non-unstable dicamba-based herbicide by means of Monsanto is now considered to be a main booster to dicamba market boom. Emergence of revolutionary programs of dicamba in addressing more than one weed destruction could be some other crucial factor pushing the marketplace.
Use of dicamba as an herbicide for controlling broadleaf weed in domestic, business, and non-commercial programs, will remain the primary element fuelling the demand. Farmland maintenance is the maximum distinguished driver to dicamba marketplace boom. In addition to smooth utilization and sizeable availability, rising need for meals safety and security, and growing recognition approximately green crop protection, are possibly to favour the growth of the dicamba market, in particular in developing international locations. Surging need for optimum crop yield without dropping dealing with good sized loss is likewise identified to be one of the critical market drivers. Progressively growing exports from China are foreseen to push the marketplace increase further.
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Go with the flow damage brought about because of the volatility of dicamba can remain a longstanding mission to the marketplace increase. In addition, reported cases of ailments and allergies in humans post-exposure to dicamba, will stay a first-rate barrier to mass adoption. Strict policies concerning approval is any other key aspect expected to restrain the market boom.
Regionally, Europe is currently the largest marketplace for dicamba. However, it could witness a mild decline submit-2016. This vicinity is likely to account for over 26% marketplace proportion in 2016, while the revenues can reach past US$ 83 Mn. A higher increase fee is expected to be registered by way of North america, likely accounting for almost 24% percentage of the market cost in 2016. In 2017, Europe will exhibit a strong Y-o-Y boom of seven.7% over 2016, while that of North the united states is projected to be of 9.2%.
BASF SE, E I du Pont de Nemours & Company, Monsanto Co., The Dow Chemical Company, Bayer AG, Nufarm Limited, and Syngenta AG are some of the leading companies competing in the global dicamba market. Recently, DuPont and Monsanto Co. announced a multi-year dicamba supply agreement, confined to North America.
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Dicamba Market by Category
By Physical Form:
- Liquid
- Dry
By Time Application :
- Post-emergence
- Pre-emergence
By Crop Type :
- Cereal & grains
- Oilseeds & pulses
- Pastures & forage crops
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa
- Japan
Long-term Outlook: The global dicamba market is expected to expand at a robust CAGR of 15.4%.
Table Of Content
1. Dicamba Market- Executive Summary
2. Research Methodology
3. Assumptions and Acronyms Used
4. Dicamba Market Overview
4.1. Introduction
4.1.1. Dicamba Market Taxonomy
4.2. Dicamba – Product Overview
4.2.1. Dicamba Market Factor Analysis
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Trends
4.4. Value Chain
5. Dicamba Market Analysis and Forecast By Application
5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis By Application
5.1.2. Y-o-Y Growth Projections By Application
5.2. Market Size and Volume Forecast, By Application
5.2.1. Agriculture
5.2.2. Lawn & Turf
5.2.3. Others ( Forests, gardens & plants, other non-commercial applications)
5.3. Market Attractiveness Analysis By Application
to be continued…!
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