Description

Dicamba Herbicide Market was valued at USD 3621 Million in 2021 and is anticipated to grow at USD 5373 Million till 2028 recording a CAGR of 5.9% during the forecast period 2022-2028. Dicamba Herbicide Market Due to increase in the demand for the dicamba herbicide, several international players are developing newer products for different crops to destroy the different types of weeds. In addition, increase in the demand for quality food products with better yield and change in farming practices are also anticipated to fuel the market over the forecast period. Moreover, acquisitions and mergers, collaborations, product approvals, and product launchings are the strategies followed by the companies for increasing their revenue share in the market. For instance, in November 2016, Monsanto received the U.S. Environmental protection agency approval for its dicamba based weed killer used in soy and cotton varieties. Similarly, in December 2016, BASF SE received EPA approval for Engenia which controls the weeds resistant to glyphosate. Dicamba is a herbicide used for the prevention of broadleaf weeds in agriculture farming, domestic and other non-commercial applications. Dicamba reaches in weeds through the roots and leaf with a short soil residual. Dicamba may cause illness to human by ingestion or skin absorption. Dicamba has three major applications such as turf, agriculture, and lawn. Dicamba increases the plant growth rate and these herbicides are used for reducing the crop loss, thus leads to increase in crop yield. Dicamba used in various types of crops such as oilseeds, grains & cereals, pulses, and fruits & vegetables among others. In June 2017, BASF SE launched dicamba-based herbicide Atectra BV in Argentina, used to control the resistant broadleaf weeds. In July 2016, Dupont and Monsanto inked an agreement for the distribution of dicamba herbicide in Canada and U.S.

 

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