Dicamba Herbicide Market Trends, And Forecasts (2018-2023)

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Dicamba Herbicide Market was worth 370 million USD in 2018 and is expected to reach 530 million USD by 2023 with a CAGR of 7.3 %.

Recent Developments

Bayer AG is a German multinational pharmaceutical and life sciences company. Bayer’s business basically involves human and veterinary pharmaceuticals, consumer healthcare products, agricultural chemicals, and biotechnology products, and high-value polymers. XtendiMax® with VaporGrip® Technology (“XtendiMax”) is Bayer’s dicamba-based herbicide willing to help soybean and cotton farmers control weeds and also includes the infamous Palmer Amaranth. Every individual pigweed is able to grow quickly to 10-feet tall and able to generate half a million seeds which will infest farm fields if not controlled and remained the same. In point, pigweeds can lead to 79 percent yield loss in soybeans if not controlled and remained the same.

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Market Segmentations:

Market Data Forecast published a report named as Dicamba Herbicide Market. It valued around 370 million USD in 2018 and is expected to reach 530 million USD by 2023 with a CAGR of 7.3%. 

Report segmented as:

Crop Type:

Cereals & Grains,

Oilseeds & Pulses,

Pastures & Forage Crops.

Formulation:

Acid,

Salt.

Based on crop type, Cereals & grains dominated the market owing to growing demand to reduce crop loss. On bases of formulation, acid type formulation is dominating the market.

Geographical Segmentation:

Based on the geography the market is analyzed under several regions namely, Asia-Pacific, Europe, Latin America, North America and Middle East and Africa. Europe leads the market during the forecast period.

Key market players:

Monsanto Company,

BASF SE,

Bayer Crop Science,

E.I. du Pont de Nemours and Company.

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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