Dicamba Market, By Form (Liquid and Dry), By Application (Post-Emergence and Pre-Emergence), By Crop Type (Cereals and Grains, Oilseeds and Pulses, Pastures & Forage Crops, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Nov 2024

Code : CMI3452

Pages :120

Formats :

Excel and PDF

Industry : Agrochemicals

Key Takeaways from Analyst

The global dicamba market is poised to grow driven by the increasing demand for high-yielding crops. Dicamba-based herbicides are widely used for broadleaf weed control in crops like soybean, corn, sorghum, and others. North America dominates the market currently due to large acreage under genetically modified dicamba-tolerant crops in the U.S. and Canada. However, Asia Pacific is expected to witness the fastest growth over the forecast period.

While dicamba provides effective weed control, volatility continues to pose challenges. Off-target movement due to volatility can damage sensitive crops and vegetation near the field. This is a major restraint affecting adoption. However, manufacturers are focusing on developing low-volatile formulations to minimize risks. Similarly, growing acceptance of integrated weed management practices would also boost the market growth.

Opportunities lie in emerging markets of Latin America and Eastern Europe where dicamba fits well in existing farm practices. Growth of dicamba-tolerant crops overseas will further support demand for dicamba. Complementary herbicides may also gain traction to curb resistance development. Moreover, approvals for new application technologies and more dicamba-tolerant crop varieties point towards a positive outlook.