The dicamba herbicide market is projected to grow at a CAGR of 7.3% to reach USD 521.2 Million by 2022
The market growth is driven by the rising need for food security for the growing population, advancement in farming practices and technologies and heavy crop loss due to weed problems. The market is further driven by factors such as increasing demand for herbicides along with increasing acceptance for Integrated Pest Management (IPM) by the farmers, and high opportunities in developing countries.
On the basis of crop type, the dicamba herbicide market is led by cereals & grains, followed by, oilseeds & pulses and pastures & forage crops. The oilseeds & pulses segment is projected to be the fastest-growing crop type in the dicamba herbicide market due to high demand for cereals, grains, and oilseeds by the growing population all over the world.
The liquid form of dicamba herbicide is majorly used all over the world as compared to the dry form, due to the convenience as well as the easy application of liquid dicamba herbicide.
The dicamba herbicides can be used in both pre- as well as post-emergence; however, it is mostly used in pre-emergence of harmful weeds. Pre-emergence herbicides are applied to crops prior to weed seed germination. This group of herbicides controls weeds during the weed seed germination process but does not actually prevent weed seed germination. In contrast to pre-emergence herbicides, post-emergence herbicides controls only weeds that are emerged and actively growing at the time of treatment.
In 2015, in terms of volume North America accounted for the largest market share in the dicamba herbicide market, followed by Europe and Asia-Pacific. Increasing awareness about the benefits of dicamba herbicide among the cultivators and advancement in farming technology is leading to the growth of the market in this region. The dicamba herbicide market in the Asia-Pacific region is projected to grow with investments from several multinational manufacturers. Moreover, extensive R&D initiatives have been undertaken for exploring the new varieties of weeds and their effective control methods.
Key players identified in the global dicamba herbicide market include Monsanto Company (U.S.), Bayer Crop Science (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.), E.I. du Pont de Nemours and Company (U.S.), and Syngenta AG (Switzerland).
Most key participants have been exploring new regions through new product launches, collaborations, and acquisitions across the globe to avail a competitive advantage through combined synergies. Since 2011, the dicamba herbicide market has witnessed an increase in demand, especially in countries such as the U.S., Canada, Spain, and the U.K.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Dicamba Herbicide Market, By Physical Form
7 Dicamba Herbicide Market, By Time of Application
8 Dicamba Herbicide Market, By Crop Type
9 Dicamba Herbicide Market, By Formulation
10 Dicamba Herbicide Market, By Region
11 Competitive Landscape
12 Company Profiles
- Albaugh, Inc.
- Alligare, Llc
- Basf Se
- Bayer Cropscience Ag
- E.I. Dupont De Nemours And Company
- Helena Chemical Company
- Monsanto Company
- Nufarm Limited
- Syngenta Ag
- The Andersons, Inc.
- The Dow Chemical Company
For more information about this report visit http://www.researchandmarkets.com/research/qrg2l4/dicamba_herbicide
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---dicamba-herbicide-market-2016---global-forecast-to-2022-monsanto-bayer-crop-basf-dow-chemical-ei-du-pont-de-nemours-and-company--syngenta-dominate-the-500-million-market-300371106.html
SOURCE Research and Markets