Global Dicamba Herbicide Market was worth 321.5 million USD in 2016 and is expected to reach 483.16 million USD by 2021 with a CAGR of 7.3 %.
Hyderabad, India -- (SBWIRE) -- 03/08/2018 -- According to a new market research report "Dicamba Herbicide Market by Crop Type (Cereals & Grains, Oilseeds & Pulses, and Pastures & Forage Crops), Formulation (Acid and Salt), Physical Form (Dry and Liquid), & Time of Application (Pre- and Post-Emergence) - Global Forecast to 2022", published by MarketDataForecast™, the market is expected to reach USD 483.16 Million by 2021 from USD 321.5 Million in 2016, at a CAGR of 7.3%.
Dicamba may be a weed killer used for the hindrance of broad-leafed weeds in agriculture farming, domestic and alternative non-commercial applications. Dicamba reaches in weeds through the roots and leaf with a brief soil residual. Dicamba could cause ill health in human by bodily process or skin absorption. Dicamba has 3 major applications similar to turf, agriculture, and lawn. Dicamba will increase the plant rate of growth and these herbicides square measure used for reducing the crop loss, so ends up in increase in crop yield. Dicamba employed in varied styles of crops similar to oilseeds, grains & cereals, pulses, and fruits & vegetables among others. Increasing want for food security and safety, including growing awareness concerning crop protection can profit the marketplace for dicamba globally. With burgeoning population across the planet, the demand for food is consistently on the increase and therefore the want for minimal food wastage is repeatedly highlighted. As dicamba supports most crop yield with reduced crop loss, this may still be the key driver to dicamba Herbicide market.
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Cereals & Grains are estimated to account for the largest market share in 2016
Based on Crop Type, market is segmented into Cereals & Grains, Oilseeds & Pulses, and Pastures & Forage Crops. Cereals and Grains accounted for the major share of the Dicamba Herbicide Market in 2016. However, Oil seeds are expected to grow its market with high CAGR in the forecast period.
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Based on Formulation, market is segmented into Acid and Salt.
Liquid Form Segment is estimated to command for the largest share of the market during the forecast period
Based on Physical form, market is further segmented into Dry and Liquid. Liquid form accounted for the major share of the market.
Based on Time of application, market is further segmented into Pre- and Post-Emergence.
North America is estimated to command the largest share of the market
Based on region, the Dicamba Herbicide Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is expected to dominate the Dicamba Herbicide Market in 2016. This is attributed to factors such as high usage of herbicides in this region. This region is likely to increase its market size with a double digit CAGR in the forecast period.
Key players in the Dicamba Herbicide Market include Monsanto Company, BASF SE, and Bayer Crop Science, E.I. du Pont de Nemours and Company, The Dow Chemicals Company, and Syngenta AG
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