The Dicamba market is projected to witness substantial growth over the forecast period. Dicamba is a post-emergence broad spectrum herbicide used for managing weeds in crop systems. Dicamba use became widespread after glyphosate, another widely used nonselective herbicide started losing its efficacy due to increasing cases of weed resistance. Dicamba helps farmers maximize their yields by controlling weeds and provides them with an easy means to protect their crops from such external biotic stresses.
Dicamba is a benzoic acid herbicide that is applied to soil, plants or leaves. Dicamba is primarily applied to inhibit and restrict the growth of broadleaf weeds and woody plants. Dicamba is absorbed by weeds through the leaf and roots, with short soil residual. Dicamba is used in applications such as agriculture, lawn & turf, and others (forests, gardens, and plants, and other non-commercial applications). It is used on crops such as wheat, rice, sorghum, sugarcane,and others.
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The growing acceptance of Dicamba as an effective alternative to other chemical agents and rising demand for food production are among the key factors influencing the Dicamba market. Moreover, manufacturers are continuously innovating technology and developing new products that can be applied to Dicamba for better efficacy and improved compatibility with other herbicides. This is expected to drive Dicamba demand over the forecast period.
However, Dicamba use has been criticized by environmental activists due to its drift potential; thus, several countries have imposed certain restrictions on Dicamba products. In addition, excessive Dicamba usage may harm non-target plants, leading to further regulation of Dicamba products. Such factors are expected to hamper market growth in the coming years.
Companies
Dicamba Market - Some market players featured in this report include:
- BASF SE
- Monsanto Company
- EI du Pont de Nemours & Company
- Bayer AG
- The Dow Chemical Company
- Syngenta AG
- Nufarm Limited
- Other.
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Overall, the Dicamba market is anticipated to witness significant growth driven by rising demand for food production, technological advancements in Dicamba formulations and increasing acceptance of this herbicide as an effective alternative to other chemical agents. Moreover, Dicamba’s ability to protect crops from biotic stresses is expected to bolster Dicamba market growth in the forecast period.
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