A new market study, titled “2019 Global and Regional Dicamba Herbicide Market Research Report Forecast 2025”, has been featured on WiseGuyReports.

Pune, Maharashtra -- (SBWire) -- 12/05/2019 --Report Overview:

Dicamba is a benzoic acid compound that is used as selective herbicide in wide range of weed management practices across the globe. Since its first registration as herbicide in 1967, dicamba herbicides have been extensively in use in agricultural practices for controlling the growth of perennial weeds in cotton, soy, wheat and other crops. It is used as an active ingredient in various weed control products intended for killing weeds in crop lands, lawns, and roads. The global dicamba herbicide market valued USD 393 million in 2018 and is estimated to reach USD 680 million by 2026, at a CAGR of 7.1% during the forecast period.

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Market Dynamics: Drivers, Restraints, Opportunities Challenges
The development of dicamba-tolerant crops is the major driver for the growth of the market. In 2017, Monsanto launched Roundup Ready Xtend, a decamba-resistant GM soy variant and the company now under Bayer AG is planning to launch XtendFlex soybean technology that is tolerant to dicamba, glyphosate, and glufosinate. The need for crop protection has been rising with growing demand for food and declining arable land. This is forcing the farmers towards effective weed management and use of herbicides. Dicamba based herbicides evolved as a solution owing to their potential to control the growth of weeds in wide array of crops, thereby resulting in increased yield and quality of produce. Furthermore, the bans imposed on glyphosate based herbicides and development of glyphosate-tolerant weeds is supporting the growth of the market in Europe region.

However, the toxic effect of dicamba herbicides, particularly acid formulations on farmers and environment is hindering the growth of global dicamba herbicide market. The tendency of dicamba herbicides to drift to surrounding fields results in widespread damage to non dicamba-tolerant crops. According to EPA estimates, over 3.6 million acres of soybean were damaged by dicambia in U.S. alone in 2017.

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KEY SEGMENTS:
Global Dicamba Herbicide Market, By Type:
- Liquid
- Granular

Liquid dicamba herbicides evolved as the largest segment of the market owing to ease of application benefit of liquid formulations over their dry counterparts. The rising practice of foliar application is driving the growth of liquid dicamba herbicide market across the globe. The advantages offered by direct fertilization of herbicides such as easy absorption into plant parts and almost instant functioning is motivating the use of liquid formulations. These products are applied by the means of hose sprayers, aerosol sprays, and other foliar techniques.

COMPETITION LANDSCAPE:
The global dicamba herbicide market is consolidated with global agrochemical companies such as Syngenta, Monsanto, BASF, Nufarm, and Adama. Other key players in the market are Gharda Chemicals Ltd., Alligare, LLC, SinoHarvest, Royal Fertichem Pvt. Ltd., and Shanghai Profirst Co., Ltd.
The potential of dicamba in restricting the spread of weeds such as pigweed has motivating the use of this herbicide. However, the adverse effect of dicamba on vegetation and ecosystem resulted in heated argument among farming communities and environmentalists. This has resulted in imposition of several restrictions and even bans on the use of dicamba. For instance,
- In December 2017, Arkansas imposed ban on use of dicamba in crop protection activities and the ban was effective during April to October of 2018. However, after expiration of the ban, on October 31, 2018 the United States Environmental Protection Agency (EPA) approved the use of this weed killer for the next two years in the state. The state also restricted the use of dicamba earlier in July 2017
- In July 2017, the Missouri Department of Agriculture (MDA) banned the sale and use of dicamba products in Missouri

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