Published By : 14 Jan 2016 | Published By : QYRESEARCH
The global market for dicamba has witnessed an immense rise in recent times. The key factor, driving this growth is the limited residual effect of dicamba on the soil, as it is absorbed immediately by weeds through their roots and leaf. The herbicide is applied on various crops such as wheat, rice, sugarcane, and sorghum.
The rising awareness among people regarding crop protection has fueled the demand for dicamba across the world. Apart from this, the increasing export of dicamba from China is also driving the growth of this market to a significant extent. Additionally, the decline in arable lands around the world is likely to fuel the global market for dicamba market in the near future.
Dicamba finds widespread application in the agriculture industry. In combination with glyphosate, the herbicide is applied on various crops in order to eradicate weeds. It is also applied as an alternative to glyphosate, owing to is environment-friendliness. Farmland, forests, garden, lawn, plants, and turf are the prime application areas for dicamba in the global arena. It is also applied in various domestic as well as non-commercial application.
The demand for dicamba is projected to be the highest from the agriculture sector in the coming years. The rapid depletion in the farming lands in the global arena has boosted the utilization of dicamba in agrarian practices, which is the key factor behind the high demand of dicamba from this sector. The increasing popularity of dicamba as one of the key herbicide is also projected to stimulate this market extensively over the next few years.
Europe has acquired the leading position in the global dicamba market at present and is closely followed by North America. Some of the major participants in the global market for dicamba are Bayer AG, EI Du Pont de Nemours & Co., Syngenta AG, The Dow Chemical Co., BASF SE, Monsanto Co., and Nufarm Ltd.