Global Dicamba Market Expanding at a CAGR of 7.9% for the forecast period between 2017-2021 to be worth US$ 457.3 Mn by the end of 2021

Press Release – 04 Jan 2019
Research and Development News --
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Latest Update "Global Market Study on Dicamba: Agriculture Sector to Witness High Adoption Through 2021" with Industries Survey | Global Current Growth and Future.
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In agricultural practices, dicamba is increasingly replacing glyphosate as crop resistance for the latter is increasing. This is leading farmers to switch to alternatives such as dicamba, thereby driving the dicamba market. In addition, arable land is shrinking due to climatic factors, uneven distribution of land between regions and countries, and rapid urban development. This has necessitated use of genetically modified crops and herbicides to meet the increasing demand for food, thereby driving demand for dicamba. Being in use since the 1940s, dicamba is a common chemical used to control a broad range of crop-choking weeds.
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“Measures to Prevent Agricultural Crop Damage Benefits Dicamba Market”

The global dicamba market has been witnessing moderate growth in the recent past. While dicamba is fairly old as far as modern herbicides are concerned, lately it has come under the scrutiny of the Environmental Protection Agency (EPA) in the U.S. In a list compiled by the EPA in 2012, dicamba ranked towards the bottom among commonly used pesticides mainly because of its tendency to drift onto other fields. Not only this, EPA recently entered into an agreement with leading dicamba manufacturers to minimize the potential of dicamba formulations to drift to damage neighboring crops.

Considering a number of favorable factors, the global dicamba market is likely to clock a healthy CAGR of 7.9% between 2017 and 2021. At this pace, the market’s valuation of US$ 337.8 Mn in 2017 is expected to increase to US$ 457.3 Mn by the end of 2021.
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“Dicamba Market: Competition Dashboard”

Included in the report is a detailed profile of key companies currently operating in the dicamba market. Each of the key companies is profiled on the basis of key competitive attributes such as company and financial standing, product portfolio, recent developments, and short-term and long-term growth strategies. The competition matrix covered in the report is likely to assist the existing players to augment their market shares and new entrants in the market to formulate strategies to establish themselves in the dicamba market.

The report also throws light on industry statutes and regulations in different countries that manufacturers of agricultural chemicals need to adhere to. The report also talks about production and sales of dicamba along with initiatives underway for the development of novel products.

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This release was published on openPR.