What is Dicamba Herbicide?
Dicamba Herbicide is a benzoic acid herbicide applied to soil, plant, or leaves. Dicamba Herbicide is an herbicide used for post-emergent control of broadleaf weed for corn, soybean crops. It is used for weed control in residential areas. Moreover, Dicamba Herbicide is highly chemical can damage non-target plant species through spray drift. Geographically Asia Pacific is the leading region for the production of Dicamba Herbicide such as India, China, and the USA. Hence, the demand for the Dicamba Herbicide is very driving the market over the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 7.2% |
The market of is expected to grow market in Agriculture as well as chemical sector. It has been widely applied in medical, chemical and agriculture is driving the demand for the market. Several companies are operating in the market to provide customers better offer with various features & unique offerings. The market is a highly fragmented market with the presence of several market players and local players. Hence these are key factors driving the market growth over the forecast period Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Monsanto (United States), Dow Chemical Company (United States), Syngenta (Switzerland), Bayer Crop Science (Germany), BASF( Germany), Beck’s Hybrids (United States), Croplife (Belgium), Omaha organic fertilizer (United States), Corteva agriscience (United States), Nufarm Ltd (Australia), Marubeni Corporation (Japan) and Others are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Dicamba Herbicide market by , Application (Pre-emergence and Post-emergence) and Region.
On the basis of geography, the market of Dicamba Herbicide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Crop , the sub-segment i.e. Cereals will boost the Dicamba Herbicide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Whole seller will boost the Dicamba Herbicide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Solid will boost the Dicamba Herbicide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 24 August 2021 Beck’s Hybrids has purchased Bayer soybean seed production and processing plant in Beaman, Iowa, US. The acquisition strategy whelp farmers and grow the customer base, family of employees, and farmer-dealers remain dedicated to providing exceptional localized service. This new facility will allow Beck Company to maximize efficiency, stay ahead of demand, and deliver products faster in the forecast period.
On 28 October 2020 United States approves the use of Bayer weed killer for five years. hence this decision will boost Bayer which is hammered by lawsuits on various chemicals product in the United States since acquiring seed company Monsanto in 2018
Market Drivers
- Advancement in farming practices
- It has adverse effects on corn and sorghum not on other crops
Opportunities
- Glyphosate has been identified with carcinogenic characteristics by the International Agency for Research for Cancer treatment
Restraints
- Raw material cost is very high
Challenges
- Labor cost is very high
- Less consumption of Dicamba Herbicide due consumer more inclined to organic food
Key Target Audience
Supplier, Trader, Chemical Industry, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.