This Persistence Market Research report examines the ‘Global Dicamba” market for the forecast period 2015 - 2021. The primary objective of the report is to identify opportunities in the market and present updates and insights, pertaining to various segments of the global dicamba market.
Dicamba is a benzoic acid herbicide that is applied to soil, plants or leaves. Dicamba is primarily applied to control broadleaf weeds and woody plants. In 1967, Dicamba was registered with the Environmental Protection Agency (EPA). Dicamba finds application in agriculture, lawn and turf, forest, gardens, plants, and other domestic and non-commercial applications. It kills broadleaf weeds before and after they sprout. Dicamba imitates the plant hormone auxin that causes uncontrolled growth which kills plants. Dicamba can be used as a pre-emergence and post-emergence herbicide; however, it is majorly used for post emergent plant control. Dicamba is white to brown crystalline solid, having a variety of salt and acid formulations. It is commercially available in forms such as powders, granules, liquids, and liquid concentrates.
To understand and assess the opportunities in this market, the report is categorically divided into two sections, i.e., by application and by region. The report analyzes the global dicamba market in terms of market value (US$ Mn) and volume (Metric tons).
The report begins with an overview of the global dicamba market, appraising market performance in terms of revenue and volume, followed by PMR’s analysis of key trends, drivers, and restraints witnessed in the global market. Impact analysis of key growth drivers and restraints based on the weighted average model are also included in the report to equip the client with crystal clear decision-making insights.
The subsequent section analyzes the dicamba market as per application and presents a forecast for the period 2015 - 2021.
Dicamba Market - Applications assessed in the report include:
The report further analyzes the market based on regions and presents the forecast in terms of value for the next six years.
Dicamba Market - Regions assessed in the report include
To calculate the market size, the report considers various aspects based on secondary research. Furthermore, data points such as regional split and market split, by application, and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated by the global dicamba market.
When developing the market forecast, the report begins with sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, PMR triangulates the data via a different analysis based on the supply side, demand side, and dynamics of the dicamba market. However, quantifying the market across the above-mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyze on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities.
Another key feature of this report is the analysis of dicamba market by region and application, and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective of the global dicamba market.
To understand key segments in terms of their growth and performance in the dicamba market, Persistence Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global dicamba market.
In the final section of the report, dicamba market competitive landscape is included to provide a dashboard view of companies that manufacture and supply dicamba. The report contains company profiles of some of the major players operating in the global dicamba market.
Dicamba is an herbicide used for controlling broadleaf weeds in farmland and other domestic and non-commercial applications. Dicamba is taken in by the weeds through the leaf and roots with short soil residual. Dicamba can cause illness by inhalation, ingestion, or skin absorption to humans. Dicamba is classified into three major applications namely agriculture, lawn & turf, and others. Agriculture is the major application segment of the dicamba market in terms of both volumes as well as value.
Demand for dicamba is influenced by a number of factors, two of which are expected to drive demand for dicamba during the forecast period include raising awareness about crop protection and increasing exports of dicamba from China due to higher tax rebates. Moreover, dicamba is replacing glyphosate to some extent and is also being used in combination with glyphosate for agricultural applications. This is another factor expected to drive the growth of the global dicamba market over the forecast period.
However, pending regulatory approvals and volatility of dicamba causing drift damage, are factors likely to restrain the growth of the global dicamba market during the forecast period.
Persistence Market Research, in its report titled “Global Market Study on Dicamba Market: Agriculture Segment to Witness Highest Growth by 2021”, has segmented the global dicamba market into applications and geographic regions. On the basis of application, the market is segmented into agriculture, lawn & turf, and others. On the basis of geographic regions, the overall dicamba market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
Amongst the aforementioned region-based segments in the global dicamba market, North America Dicamba market is expected to expand at an accelerated CAGR of 6.5%, in terms of volume during the forecast period. The market in the region is expected to account for a share of around 23.7% of the global dicamba market volume by the end of 2015. In terms of market value, Europe is expected to account for a major share of the global dicamba market value during the forecast period. It is slated to account for a share of around 28.8% by the end of 2015.
Amongst the application segments of the global dicamba market, the agriculture segment is slated to expand at the fastest CAGR during the forecast period. The growth of this segment is primarily driven by increasing preference for dicamba over other herbicides to control the growth of weeds. In terms of market value, the agriculture segment is expected to expand at a CAGR of 8.1% during the forecast period. Also, lawn and turf application segment is expected to witness a growth of 7% during the forecast period.
Dicamba Market - Some market players featured in this report include: