Research And Markets - Dicamba Herbicide Market 2016 - Global Forecast To 2022: Monsanto, Bayer Crop, BASF, Dow Chemical, E.I. Du Pont De Nemours And Company & Syngenta Dominate The $500+ Million Market
DUBLIN, Dec 1, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Dicamba Herbicide Market by Crop Type (Cereals & Grains, Oilseeds & Pulses, and Pastures & Forage Crops), Formulation (Acid and Salt), Physical Form (Dry and Liquid), & Time of Application (Pre- and Post-Emergence) - Global Forecast to 2022" report to their offering.
The dicamba herbicide market is projected to grow at a CAGR of 7.3% to reach USD 521.2 Million by 2022 The market growth is driven by the rising need for food security for the growing population, advancement in farming practices and technologies and heavy crop loss due to weed problems. The market is further driven by factors such as increasing demand for herbicides along with increasing acceptance for Integrated Pest Management (IPM) by the farmers, and high opportunities in developing countries. On the basis of crop type, the dicamba herbicide market is led by cereals & grains, followed by, oilseeds & pulses and pastures & forage crops. The oilseeds & pulses segment is projected to be the fastest-growing crop type in the dicamba herbicide market due to high demand for cereals, grains, and oilseeds by the growing population all over the world. The liquid form of dicamba herbicide is majorly used all over the world as compared to the dry form, due to the convenience as well as the easy application of liquid dicamba herbicide. The dicamba herbicides can be used in both pre- as well as post-emergence; however, it is mostly used in pre-emergence of harmful weeds. Pre-emergence herbicides are applied to crops prior to weed seed germination. This group of herbicides controls weeds during the weed seed germination process but does not actually prevent weed seed germination. In contrast to pre-emergence herbicides, post-emergence herbicides controls only weeds that are emerged and actively growing at the time of treatment.