Dicamba Market

Dicamba Market: Europe to Remain Market Leader Through 2020: Global Industry Analysis and Opportunity Assessment, 2016-2020

Dicamba is widely used as an herbicide that regulates broadleaf weed in various domestic, commercial, and non-commercial applications, including farmland maintenance. Widespread availability of dicamba and easy usage primarily support the market for decamba across developed regions. Increasing awareness about efficient crop protection will provide an impetus to the dicamba market in developing countries.

The global dicamba market is anticipated to exhibit robust growth over the next few years. During a four-year forecast period 2016-2020, the market is likely to expand at a CAGR of 15.4%, attaining a value of over US$ 457 Mn by 2020 end.

Swelling Awareness about Crop Protection Remains Primary to Drive Demand

Increasing need for food security and safety, coupled with growing awareness about crop protection will benefit the market for dicamba globally. With burgeoning population across the world, the demand for food is constantly on the rise and the need for minimal food wastage is repeatedly highlighted. As dicamba supports maximum crop yield with minimised crop loss, this will continue to be the key driver to dicamba herbicide market. In addition, attributed to higher tax rebates, exports from China are consistently increasing, which will continue to favour the market growth in near future.

Growing Adoption to Replace or Complement Glyphosate Continues to Drive Market

Dicamba herbicide is rapidly replacing glyphosate. In some regions, agricultural practices involve the usage of dicamba and glyphosate in combination. This will remain a major factor bolstering the demand for dicamba herbicide over the forecast period. Moreover, rapid adoption of IMP (integrated pest management) will spur the demand for dicamba-based herbicides during the forecast period.

EPA Approval for Non-volatile Dicamba Will Spur the Demand and Application

Recently, in November 2016, the U.S. Environmental Protection Act (EPA) approved over-the-top usage of Monsanto’s non-volatile dicamba-based herbicide. This will certainly create a wide range of growth opportunities for established as well as newly entering players in the global dicamba market. Manufacturers can capitalise on an opportunity to formulate several types and forms of dicamba to deal with different types of crops and weeds. Emerging applications of dicamba in the destruction of multiple weed types to address the growth of a plethora of crops, will fuel the market over the forecast period.

Challenges May Persist despite EPA’s Approval to Dicamba-based Herbicide

Volatility of dicamba has been found to be the key cause for drift damage, which may continue to be a key restraint to mass adoption of dicamba over the next few years. Stringent regulatory approvals will also remain a major factor hampering the growth of dicamba market over the forecast period. Moreover, dicamba can reportedly cause a variety of illnesses and allergic reactions in humans if injested, inhaled, or adsorbed. This may remain a major limiting factor detaining the penetration of dicamba herbicide in emerging economies.

Agriculture Remains the Largest Application Segment with over 85% Market Share

Based on application, the global dicamba market is categorised into three key segments viz. agriculture, lawn and turf, and others, including forests, gardens and plants, and other non-commercial applications. Among the three, agriculture segment is anticipated to continue dominance in terms of consumption, reaching a value of over US$ 391 Mn in 2020. This growth is primarily attributed to growing preference for dicamba over conventional herbicides. Agriculture segment is predicted to account for over 85% by 2020, expanding at a CAGR of 8.1%. Whereas, lawn and turf segment will also witness a promising CAGR of 7.0% over 2016-2020.

North America Outpaces Europe by 2020 due to Higher Market Penetration by Leading Herbicide Manufacturers

The global market for dicamba is regionally classified as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Europe is anticipated to continue the leading market position globally, reaching the revenues worth US$ 120.6 Mn by the end of the forecast period. North America, owing to rising investments in dicamba R&D and rapidly advancing agricultural practices, will remain the second largest market. However, this region is expected to witness a the highest CAGR of 8.5%, accounting for over 23% market share by 2020 end, in terms of revenues. Europe’s Y-o-Y growth in 2017 over 2016 is estimated at 7.7%, whereas that of North America in 2017 over 2016 is projected to be of 9.2%.

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Two of the Market Leaders Sign the Dicamba Supply Agreement for North America

Some of the key players operating in the global dicamba market are BASF SE, Monsanto Co., E I du Pont de Nemours & Company, Bayer AG, The Dow Chemical Company, Syngenta AG, and Nufarm Limited. Two of the leading U.S.-based companies manufacturing agrochemicals and supplying seeds - Monsanto Co. and DuPont, recently announced a supply agreement that will continue for the next few years, especially for dicamba sales across the U.S. and Canada.

Future Market Insights offers a four-year forecast for the global dicamba market between 2016 and 2020 in a newly published report, titled “Dicamba Market: Global Industry Analysis and Opportunity Assessment, 2016–2020”. The primary objective of the report is to offer updates and in-depth analysis of market opportunities in the global market for dicamba. This report provides market dynamics and trends that are likely to influence the current nature and future status of the global market, directly or indirectly over the mentioned forecast period.

Report Description

Future Market Insights analyses the global dicamba market in terms of value and volume. The primary objective of the report is to offer updates on developments in the global dicamba market and conduct a quantitative as well as qualitative assessment of the market across various application-based segments and regional market segments. To understand and assess key market trends and attractive growth opportunities, the report is categorically split into different sections such as market introduction and overview, market analysis scenario, market dynamics, analysis and forecast by application, and by region. Each section discusses the qualitative and quantitative aspects of the global dicamba market. To offer a brief idea about revenue opportunities from various applications and geographies, the report also provides absolute $ opportunity and total incremental opportunity for each segment and region over the forecast period.

The report begins with market introduction and provides market definition followed by a market analysis scenario. This section offers an extensive pricing analysis, supply chain overview, and cost structure analysis. The market dynamics section provides analysis of the drivers, restraints, and key trends influencing the global dicamba market. For market data analysis, the report considers 2015 as the base year, with market numbers estimated for 2016 and a comprehensive forecast made for 2017–2020.

The final section of the global dicamba market report provides in-depth profiles of key industry players in order to evaluate their long-term and short-term business strategies and recent developments. This section of the report also includes market share analysis of tier-1, tier-2, and tier-3 manufacturers and a dashboard view of key companies operating in the global dicamba market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global dicamba market.

Research Methodology

We have leveraged extensive secondary research to ascertain overall market size and top industry players. To calculate market size, we have considered the average price of dicamba herbicide across geographies. The forecast assesses the total revenue as well as consumption of the global dicamba market. When developing the market forecast, we have started by sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in near future. Given the characteristics of the market, we have triangulated the outcome on the basis of supply and demand side analysis and dynamics of the various regional markets. The report also takes into consideration year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the global dicamba market.

Further, the different market segments have been analysed in terms of Basis Point Share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for the identification of various key trends governing the global dicamba market. Another key feature of our report is the analysis of the global dicamba market revenue forecast in terms of absolute dollar opportunity, 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 in the global dicamba market. Further, to understand key segments in terms of growth and performance in the global dicamba market, FMI has developed a market attractiveness index to help providers identify existing market opportunities across the global dicamba market.

Table Of Content

1. Dicamba Market- Executive Summary

2. Research Methodology

3. Assumptions and Acronyms Used

4. Dicamba Market Overview

4.1. Introduction

4.1.1. Dicamba Market Taxonomy

4.2. Dicamba – Product Overview

4.2.1. Dicamba Market Factor Analysis

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Trends

4.4. Value Chain

5. Dicamba Market Analysis and Forecast By Application

5.1. Introduction

5.1.1. Basis Point Share (BPS) Analysis By Application

5.1.2. Y-o-Y Growth Projections By Application

5.2. Market Size and Volume Forecast, By Application

5.2.1. Agriculture

5.2.2. Lawn & Turf 

5.2.3. Others ( Forests, gardens & plants, other non-commercial applications)

5.3. Market Attractiveness Analysis By Application

6. Dicamba Market Analysis and Forecast By Region

6.1. Introduction

6.1.1. Basis Point Share (BPS) Analysis By Region

6.1.2. Y-o-Y Growth Projections By Region

6.2. Market Attractiveness Analysis By Region

7. North America Dicamba Market Analysis and Forecast

7.1. Introduction

7.1.1. Basis Point Share (BPS) Analysis By Country

7.1.2. Y-o-Y growth comparison By Country

7.2. North America Market Size and Volume Forecast By Country

7.2.1. U.S.

7.2.2. Canada

7.3. North America Market Size and Volume Forecast By Application

7.3.1. Agriculture

7.3.2. Lawn & Turf

7.3.3. Others

7.4. Market Attractiveness Analysis

7.4.1. By Application

7.4.2. By Country

8. Latin America Dicamba Market Analysis and Forecast

8.1. Introduction

8.1.1. Basis Point Share (BPS) Analysis By Country

8.1.2. Y-o-Y Growth Projections By Country

8.2. Latin America Market Size and Volume Forecast By Country

8.2.1. Brazil

8.2.2. Argentina

8.2.3. Rest of Latin America

8.3. Latin America Market Size and Volume Forecast By Application

8.3.1. Agriculture

8.3.2. Lawn & Turf

8.3.3. Others

8.4. Market Attractiveness Analysis

8.4.1. By Application

8.4.2. By Country

9. Europe Dicamba Market Analysis and Forecast

9.1. Introduction

9.1.1. Basis Point Share (BPS) Analysis By Country

9.1.2. Y-o-Y Growth Projections By Country

9.2. Europe Market Size and Volume Forecast By Country

9.2.1. EU5

9.2.2. BENELUX

9.2.3. NORDIC

9.2.4. Russia

9.2.5. Rest of Europe

9.3. Europe Market Size and Volume Forecast By Application

9.3.1. Agriculture

9.3.2. Lawn & Turf

9.3.3. Others

9.4. Market Attractiveness Analysis

9.4.1. By Application

9.4.2. By Country

10. Asia Pacific Dicamba Market Analysis and Forecast

10.1. Introduction

10.1.1. Basis Point Share (BPS) Analysis By Country

10.1.2. Y-o-Y Growth Projections By Country

10.2. Asia Pacific Market Size and Volume Forecast By Country

10.2.1. China

10.2.2. Australia and New Zealand

10.2.3. Rest of Asia Pacific

10.3. Asia Pacific Market Size and Volume Forecast By Application

10.3.1. Agriculture

10.3.2. Lawn & Turf

10.3.3. Others

10.4. Market Attractiveness Analysis

10.4.1. By Application

10.4.2. By Country

11. MEA Dicamba Market Analysis and Forecast

11.1. Introduction

11.1.1. Basis Point Share (BPS) Analysis By Country

11.1.2. Y-o-Y Growth Projections By Country

11.2. MEA Market Size and Volume Forecast By Country

11.2.1. South Africa

11.2.2. Rest of MEA

11.3. MEA Market Size and Volume Forecast By Application

11.3.1. Agriculture

11.3.2. Lawn & Turf

11.3.3. Others

11.4. Market Attractiveness Analysis

11.4.1. By Application

11.4.2. By Country

12. Key Developments in Dicamba Market

13. Competitive Landscape

13.1. Competitive Dashboard

13.2. Company Profiles (Details – Overview, Recent Developments, Strategy, Financials) 

13.2.1. BASF SE 

13.2.2. Monsanto Company

13.2.3. E I du Pont de Nemours & Company 

13.2.4. Bayer AG 

13.2.5. The Dow Chemical Company 

13.2.6. Syngenta AG

13.2.7. Nufarm Limited

List of Tables

Table 01: Global Dicamba Market Volume Forecast by Application, 2013–2021 (Metric Tons)

Table 02: Global Dicamba Market Value Forecast by Application, 2013–2021 (US$ Mn)

Table 03: Global Dicamba Market Volume Forecast by Region, 2013–2021 (Metric Tons)

Table 04: Global Dicamba Market Value Forecast by Region, 2013–2021 (US$ Mn)

Table 05: North America Dicamba Market Volume Forecast by Application, 2013–2021 (Metric Tons)

Table 06: North America Dicamba Market Value Forecast by Application, 2013–2021 (US$ Mn)

Table 07: North America Dicamba Market Volume Forecast by Country, 2013–2021 (Metric Tons)

Table 08: North America Dicamba Market Value Forecast by Country, 2013–2021 (US$ Mn)

Table 09: Latin America Dicamba Market Volume Forecast by Application, 2013–2021 (Metric Tons)

Table 10: Latin America Dicamba Market Value Forecast by Application, 2013–2021 (US$ Mn)

Table 11: Latin America Dicamba Market Volume Forecast by Country, 2013–2021 (Metric Tons)

Table 12: Latin America Dicamba Market Value Forecast by Country, 2013–2021 (US$ Mn)

Table 13: Europe Dicamba Market Volume Forecast by Application, 2013–2021 (Metric Tons)

Table 14: Europe Dicamba Market Value Forecast by Application, 2013–2021 (US$ Mn)

Table 15: Europe Dicamba Market Volume Forecast by Country, 2013–2021 (Metric Tons)

Table 16: Europe Dicamba Market Value Forecast by Country, 2013–2021 (US$ Mn)

Table 17: Asia-Pacific Dicamba Market Volume Forecast by Application, 2013–2021 (Metric Tons)

Table 18: Asia-Pacific Dicamba Market Value Forecast by Application, 2013–2021 (US$ Mn)

Table 19: Asia-Pacific Dicamba Market Volume Forecast by Country, 2013–2021 (Metric Tons)

Table 20: Asia-Pacific Dicamba Market Value Forecast by Country, 2013–2021 (US$ Mn)

Table 21: The Middle East & Africa Dicamba Market Volume Forecast by Application, 2013–2021 (Metric Tons)

Table 22: The Middle East & Africa Dicamba Market Value Forecast by Application, 2013–2021 (US$ Mn)

Table 23: The Middle East & Africa Dicamba Market Volume Forecast by Country, 2013–2021 (Metric Tons)

Table 24: The Middle East & Africa Dicamba Market Value Forecast by Country, 2013–2021 (US$ Mn)

List of Figures

Figure 01: Global Dicamba Market Value Share and Basis Points Share by Application, 2015 & 2021 

Figure 02: Global Dicamba Market Value Y-o-Y Growth by Application, 2015–2021

Figure 03: Dicamba Market Volume (Metric Tons) and Value (US$ Mn) by Agriculture Segment, 2013? 2021

Figure 04: Dicamba Market Absolute $ Opportunity (US$ Mn) by Agriculture Segment, 2013? 2021

Figure 05: Global Dicamba Market Volume (Metric Tons) and Value (US$ Mn) by Lawn & Turf Segment, 2013? 2021

Figure 06: Global Dicamba Market Absolute $ Opportunity (US$ Mn) by Lawn & Turf Segment, 2013 ? 2021

Figure 07: Global Dicamba Market Volume (Metric Tons) and Value (US$ Mn) by Others Segment, 2013 ? 2021

Figure 08: Global Dicamba Market Absolute $ Opportunity (US$ Mn) by Others Segment, 2013 ? 2021

Figure 09: Global Dicamba Market Attractiveness Index By Application (2015–2021)

Figure 10: Global Dicamba Market Value Share by Region (2015)

Figure 11: Global Dicamba Market Value Share and Basis Points Share by Application, 2015 & 2021 

Figure 12: Global Dicamba Market Value Y-o-Y Growth by Region, 2015–2021

Figure 13: Global Dicamba Market Attractiveness Index By Region (2015–2021)

Figure 14: North America Dicamba Market Volume (Metric Tons) and Market Value (US$ Mn), 2013 ? 2021

Figure 15: North America Dicamba Market Absolute $ Opportunity (US$ Mn) by Agriculture Segment, 2013 ? 2021

Figure 16: North America Dicamba Market Value Share and Basis Points Share by Application, 2015 & 2021 

Figure 17: North America Dicamba Market Value Y-o-Y Growth by Application, 2015–2021

Figure 18: North America Dicamba Market Volume (Metric Tons) and Market Value (US$ Mn) by Agriculture Segment, 2013 ? 2021

Figure 19: North America Dicamba Market Absolute $ Opportunity (US$ Mn) by Agriculture Segment, 2013 ? 2021

Figure 20: North America Dicamba Market Volume (Metric Tons) and Market Value (US$ Mn) by Lawn & Turf Segment, 2013 ? 2021

Figure 21: North America Dicamba Market Absolute $ Opportunity (US$ Mn) by Lawn & Turf Segment, 2013 ? 2021

Figure 22: North America Dicamba Market Volume (Metric Tons) and Market Value (US$ Mn) by Others Segment, 2013 ? 2021

Figure 23: North America Dicamba Market Absolute $ Opportunity (US$ Mn) by Others Segment, 2013 ? 2021

Figure 24: North America Dicamba Market Attractiveness Index By Application (2015–2021)

Figure 25: North America Dicamba Market Attractiveness Index By Country (2015–2021)

Figure 26: North America Dicamba Market, By Volume (Metric Tons) – 2014-2021

Figure 27: Latin America Dicamba Market Volume (Metric Tons) and Market Value (US$ Mn, 2013 ? 2021

Figure 28: Latin America Dicamba Market Absolute $ Opportunity (US$ Mn) by Agriculture Segment, 2013 ? 2021

Figure 29: Latin America Dicamba Market Value Share and Basis Points Share by Application, 2015 & 2021 

Figure 30: Latin America Dicamba Market Value Y-o-Y Growth by Application, 2015–2021

Figure 31: Latin America Dicamba Market Volume (Metric Tons) and Market Value (US$ Mn) by Agriculture Segment, 2013 ? 2021

Figure 32: Latin America Dicamba Market Absolute $ Opportunity (US$ Mn) by Agriculture Segment, 2013 ? 2021

Figure 33: Latin America Dicamba Market Volume (Metric Tons) and Market Value (US$ Mn) by Lawn & Turf Segment, 2013 ? 2021

Figure 34: Latin America Dicamba Market Absolute $ Opportunity (US$ Mn) by Lawn & Turf Segment, 2013 ? 2021

Figure 35: Latin America Dicamba Market Volume (Metric Tons) and Market Value (US$ Mn) by Others Segment, 2013 ? 2021

Figure 36: Latin America Dicamba Market Absolute $ Opportunity (US$ Mn) by Others Segment, 2013 ? 2021

Figure 37: Latin America Dicamba Market Attractiveness Index By Application (2015–2021)

Figure 38: Latin America Dicamba Market Attractiveness Index By Country (2015–2021)

Figure 39: Europe Dicamba Market Volume (Metric Tons) and Market Value (US$ Mn), 2013 ? 2021

Figure 40: Europe Dicamba Market Absolute $ Opportunity (US$ Mn) by Agriculture Segment, 2013 ? 2021

Figure 41: Europe Dicamba Market Value Share and Basis Points Share by Application, 2015 & 2021 

Figure 42: Europe Dicamba Market Value Y-o-Y Growth by Application, 2015–2021

Figure 43: Europe Dicamba Market Volume (Metric Tons) and Market Value (US$ Mn) by Agriculture Segment, 2013 ? 2021

Figure 44: Europe Dicamba Market Absolute $ Opportunity (US$ Mn) by Agriculture Segment, 2013 ? 2021

Figure 45: Europe Dicamba Market Volume (Metric Tons)  and Market Value (US$ Mn) by Lawn & Turf Segment, 2013 ? 2021

Figure 46: Europe Dicamba Market Absolute $ Opportunity (US$ Mn) by Lawn & Turf Segment, 2013 ? 2021

Figure 47: Europe Dicamba Market Volume (Metric Tons)  and Market Value (US$ Mn) by Others Segment, 2013 ? 2021

Figure 48: Europe Dicamba Market Absolute $ Opportunity (US$ Mn) by Others Segment, 2013 ? 2021

Figure 49: Europe Dicamba Market Attractiveness Index By Application (2015–2021)

Figure 50: Europe Dicamba Market Attractiveness Index By Country (2015–2021)

Figure 51: Asia Pacific Dicamba Market Volume (Metric Tons) and Value (USD Mn), 2013 ? 2021

Figure 52: Asia Pacific Dicamba Market Absolute $ Opportunity (US$ Mn), 2013 ? 2021

Figure 53: APAC Dicamba Market Value Share and Basis Points Share by Application, 2015 & 2021

Figure 54: APAC Dicamba Market Value Y-o-Y Growth by Application, 2015–2021

Figure 55: Asia Pacific Dicamba Market Volume (Metric Tons) and Value (US$ Mn) by Agriculture Segment, 2013 ? 2021

Figure 56: Asia Pacific Dicamba Market Absolute $ Opportunity (US$ Mn) by Agriculture Segment, 2013 ? 2021

Figure 57: Asia Pacific Dicamba Market Volume (Metric Tons) and Value (US$ Mn) by Lawn & Turf Segment, 2013 ? 2021

Figure 58: Asia Pacific Dicamba Market Absolute $ Opportunity (US$ Mn) by Lawn & Turf Segment, 2013 ? 2021

Figure 59: Asia Pacific Dicamba Market Volume (Metric Tons) and Value (US$ Mn) by Others Segment, 2013 ? 2021

Figure 60: Asia Pacific Dicamba Market Absolute $ Opportunity (US$ Mn) by Others Segment, 2013 ? 2021

Figure 61: Asia Pacific Dicamba Market Attractiveness Index By Application (2015–2021)

Figure 62: Asia Pacific Dicamba Market Attractiveness Index By Country (2015–2021)

Figure 63: Middle East & Africa Dicamba Market Volume (Metric Tons) and Market Value (US$ Mn), 2013 ? 2021

Figure 64: Middle East & Africa Dicamba Market Absolute $ Opportunity (US$ Mn), 2013 ? 2021

Figure 65: Middle East & Africa Dicamba Market Value Share and Basis Points Share by Application, 2015 & 2021

Figure 66: Middle East & Africa Dicamba Market Value Y-o-Y Growth by Application, 2015–2021

Figure 67: Middle East & Africa Dicamba Market Volume (Metric Tons) and Market Value (US$ Mn) by Agriculture Segment, 2014 ? 2021

Figure 68: Middle East & Africa Dicamba Market Absolute $ Opportunity (US$ Mn) by Agriculture Segment, 2014 ? 2021

Figure 69: Middle East & Africa Dicamba Market Volume (Metric Tons) and Market Value (US$ Mn) by Lawn & Turf Segment, 2014 ? 2021

Figure 70: Middle East & Africa Dicamba Market Absolute $ Opportunity (US$ Mn) by Lawn & Turf Segment, 2014 ? 2021

Figure 71: Middle East & Africa Dicamba Market Volume (Metric Tons) and Market Value (US$ Mn) by Others Segment, 2014 ? 2021

Figure 72: Middle East & Africa Dicamba Market Absolute $ Opportunity (US$ Mn) by Others Segment, 2014 ? 2021

Figure 73: Middle East & Africa Dicamba Market Attractiveness Index By Application (2015–2021)

Figure 74: Middle East & Africa Dicamba Market Attractiveness Index By Country (2015–2021)