[176+ Pages Research Report] Global Dicamba herbicide Market to surpass USD 10.02 billion by 2030 from USD 4.52 billion in 2020 at a CAGR of 8.2% in the coming years, i.e., 2021-30. Herbicide resistance in weeds increased crop loss due to weed problems, and the rising demand for food protection for the growing population are all factors driving the global market for dicamba herbicide.
Product Overview
Dicamba is a benzoic acid herbicide used on soil, plants, and leaves. It's also used to get rid of broad-leaved weeds. Dicamba is a water-soluble pesticide. It's an effective weed-control herbicide that's been around for forty years. To address the increasing growth in demand for fodder, dicamba herbicides are used to minimize crop loss and increase crop yield. In most agricultural applications markets, dicamba is replacing glyphosate. Rising awareness about the production of crops may majorly benefit the Dicamba market.
Market Highlights
Global Dicamba herbicide market is expected to project a notable CAGR of 8.2 % in 2030.
Furthermore, increasing knowledge of the benefits of dicamba herbicide in cultivators, as well as advancements in farming techniques, are driving the market growth. The demand for dicamba herbicide is also driven by the shift in agricultural practices from organic to conventional, as well as improved technology and government support of Integrated Pest Management by many countries around the world.
Global Dicamba Herbicide Market: Segments
Cereals & Grains segment to grow with the highest CAGR during 2020-30
Global Dicamba herbicide market is segmented by Crop type into Cereals & Grains, Oilseeds & Pulses, and Pastures & Forage Crops. The cereals & grains category is thought to dominate as maize, wheat and rice are among the crops that have the largest crop area harvested in the world for the greatest share of the dicamba herbicides market in 2020. The global output of cereals will also hit XXXX million tons by 2030, XX.X% percent higher than in 2020. The growth in Argentina, Brazil, China, Russia, Ukraine, and the United States is expected to be important.
Salt segment to grow with the highest CAGR during 2020-30
Global Dicamba herbicide is divided by formulation into Acid and Salt. The salt division of herbicides dominated by formulation the global market for dicamba herbicides. The water solubility properties of salts, which minimize emulsifier requirements, are responsible for this. Salt is less volatile than esters, too. The formulations for dicamba herbicides include dicamba acid, salt dimethylamine (DMA), Sodium salt, salt diglycoamine (DGA), salts of isopropylamine (IPA), salts of potassium. These dicamba derivatives have different environmental characteristics.
Market Dynamics
Drivers
Reduction in crop loss
Herbicide resistance in weeds increased crop loss due to weed problems, and the rising demand for food protection for the growing population are all factors driving the global market for dicamba pesticides. Furthermore, increasing knowledge of the benefits of dicamba herbicide in cultivators, as well as advancements in farming techniques, are driving market development. The demand for dicamba herbicide is also driven by the shift in agricultural practices from organic to conventional, as well as improved technology and government support of Integrated Pest Management by many countries around the world.
Technological advancements
Rising prices of agricultural commodities, Increase in the use of herbicides and growth of dicamba-resistant GMO crops, and Advancement in farming practices and technology are few other factors that propel the market growth.
Restraint
Increased environmental issues
Increased environmental issues and complaints about the unpredictable nature of dicamba have a detrimental effect on the demand for dicamba herbicides. Dicamba products are listed as a limited use by EPA in 2020 for plant growing seasons, so only a qualified applicator with special training can apply them. Furthermore, dicamba pulverization should be stopped if winds are less than 16 km/hour and spraying is restricted to certain periods of day. Such limitations on the use of dicamba herbicides are projected to hinder the demand for dicamba herbicides in the forecast era.
Global Dicamba Herbicide Market: Key Players
Syngenta AG
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
DuPont
The Andersons, Inc.
Syngenta AG
Alligare
LLC
Helena Chemical Company
Albaugh
Bayer AG
BASF SE
Dow
Nufarm Limited
Monsanto Company
Other Prominent Players
Global Dicamba Herbicide Market: Regions
Global Dicamba herbicide market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Global Dicamba herbicide in North America held the largest market share of XX.X% in the year 2020. Due to an increasing demand for dicamba Herbicides throughout many crops including soya beans, cotton, and corn in North America, the market for dicamba herbicides in 2020 accounted for a significant share. Europe is also a key part of the demand for dicamba herbicides. Europe is thereafter. In Asia Pacific, the demand for dicamba herbicides is rapidly growing as improved agricultural practices are being implemented. Dicamba herbicides market is expected to grow significantly during the predicted timeline in Latin America and in the Middle East and Africa, due to the high demand for dicamba herbicides in emerging economies like Brazil, Mexico, and GCC in these regions.
Global Dicamba Herbicide Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Dicamba Herbicide Market report also contains analysis on:
Dicamba herbicide Market Segments:
By Formulation
Acid
Salt
By Crop Type
Cereals & Grains
Oilseeds & Pulses
Pastures & Forage Crops
Dicamba herbicide Dynamics
Dicamba herbicide Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraint
Dicamba herbicide Market Report Scope and Segmentation
Frequently Asked Questions
How big is the Dicamba herbicide market
What is the Dicamba herbicide market growth
Which segment accounted for the largest Dicamba herbicide market share
Who are the key players in the Dicamba herbicide market
What are the factors driving the Dicamba herbicide market
Contents
1. Executive Summary
2. Global Dicamba herbicide Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global Dicamba Herbicide Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global Dicamba Herbicide Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Volume (Billion Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Dicamba Herbicide Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Crop Type: Market Share (2020-2030F)
1. Cereals & Grains, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Oilseeds & Pulses, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Pastures & Forage Crops, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By Formulation: Market Share (2020-2030F)
1. Acid, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Salt, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. Syngenta AG
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. DuPont
3. The Andersons, Inc.
4. Syngenta AG
5. Alligare
6. LLC
7. Helena Chemical Company
8. Albaugh
9. Bayer AG
10. BASF SE
11. Dow
12. Nufarm Limited
13. Monsanto Company
14. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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