2,4-D MARKET ANALYSIS

2,4-d MarketSize and Trends

Market Dynamics:-

2,4-D is used as herbicide in agriculture for protecting crop quality, increasing food yield, and in land management by managing poisonous and invasive weeds on roadways, parks, forests, and grasslands. It is also used in lawn and turf management for safeguarding grasses from weeds and promoting soft turf. Such wide range of applications of 2,4-D is expected to drive growth of the 2,4-D market globally. 

Rising good agricultural practices across the globe along with growing demand for food due to growing population is fueling demand for efficient herbicides such as 2,4-D globally. For instance, according to the Food and Agricultural Organization (FAO) report, in 2017, agriculture activities utilized 37% of the global land area. Moreover, according to FAO forecast, the world crop production is expected to increase by 55% from 1999 to 2030. This in turn is expected to drive the global 2,4-D market growth over the forecast period.

2,4-D is widely used as a herbicide in cereals crops such as wheat, rice, oats, and corn among others. Growing cereal production is expected to drive growth of the global 2,4-D market. For instance, according to the FAO, world cereal production in 2015-16 was 2590.1 million tons, which increased to 2,703.6 million tons in 2017-18.