Global Dicamba Herbicides Market: Overview

Dicamba, a type of benzoic acid herbicide, is highly soluble in water. It is an important weed management herbicide, which has been in usage since 40 years. Dicamba herbicides are used to minimize crop loss and maximize crop yield in order to meet the rapid growth in demand for food. Hence, dicamba herbicide offers lucrative opportunities to players manufacturing agricultural herbicide products. Increase in herbicide resistant weeds and introduction of dicamba-resistant soybean (Xtend) is expected to boost the usage of dicamba in corn and soybean crops. Dicamba was first invented in 1950s and registered for usage in 1962. It is sold under the names “Xtendimax” by Monsanto, “Engenia” manufactured and sold by BASF, and Fexapan manufactured and sold by Dow DuPont.

Global Dicamba Herbicides Market: Key Segments

Rise in demand for food, increase in crop loss due to different types of weeds in farms, and changes in farming practices (from traditional to conventional) are factors driving the dicamba herbicides market. The global dicamba herbicides market can be segmented based on form, application, and end-use crop. In terms of form, the dicamba herbicides market can be bifurcated into liquid and dry powder. Dicamba herbicides are not sold as pure liquid chemicals. They are formulated along with emulsifiers, solvents, and other additives to improve the storage life and performance. Liquid is expected to be the leading segment of the dicamba herbicides market during the forecast period. The segment is anticipated to expand at a significant pace during the forecast period. Based on application, the dicamba herbicides market can be divided into pre emergence and post emergence. The end-use crop segment can be segregated into cereals & grains, fruits & vegetables, oilseeds & pulses and others. The cereals & grains segment held major share of the market in 2017. Rise in demand for cereals and grains coupled with high crop loss in many countries due to hazardous herbs and weeds is boosting the demand for dicamba herbicides. Oilseeds & pulses is anticipated to be a rapidly growing segment during the forecast period.

Global Dicamba Herbicides Market: Drivers & Restraints

The dicamba herbicides market is largely driven by significant usage of these in cereals & grain crops for weed management and increase in adoption of precision farming and protected agriculture. However, rise in environmental concerns and growth in complaints about the volatile nature of dicamba are negatively affecting the dicamba herbicides market. In 2018 for in plant growing seasons, Dicamba products will be classified as restricted use by EPA, which means they can only be applied by a certified applicator with special training. Furthermore, dicamba spraying need to be stopped when winds are less than 16 km/hour, restricting spraying to certain times of the day, and requiring farmers to keep records of dicamba use. These kinds of stringent restrictions to use dicamba hecricides are anticipated to hamper the dicamba herbicides market during the forecast period.

Global Dicamba Herbicides Market: Regional Outlook

Based on region, the global dicamba herbicides market can be classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America accounted for major share of the dicamba herbicides market in 2017 owing to the increase in demand for dicamba herbicides in several crops such as soya bean, cotton, and corn in the region. Europe is also a key region of the dicamba herbicides market. It is followed by Europe. The dicamba herbicides market in Asia Pacific is expanding at a rapid pace due to the adoption of better farming practices. The dicamba herbicides market in Latin America and Middle East & Africa is anticipated to expand at a substantial pace during the forecast period due to the high demand for dicamba herbicides in emerging economies such as Brazil, Mexico, and GCC countries in these regions.

Global Dicamba Herbicides Market: Key Players

Key players operating in the global dicamba herbicides market include BASF SE, Dow DuPont, Mosanto Co., Bayer AG, Syngenta AG, and Nufarm Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.