2,4-D Market: Factory Price and Marginal Revenue Analysis by 2026

2,4-D (2,4-Dichlorophenoxyacetic Acid), to millions of farmers, is one of the most widely used broadleaf herbicides in the world. It is widely used to kill weeds such as chickweed, morning glory, plantain, clover, dandelions, cocklebur, and bull thistle, among others. It kill weeds by causing disorganized and uncontrolled plant growth, which results in death of weeds. 2,4-D has been used as a pesticide since the 1940s and was developed as a major herbicide during World War II. It is widely used in many places, such as forestry sites, aquatic sites, rights-of-way, lawns, turf, and a variety of field, fruit, and vegetable crops.

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The United States Environmental Protection Agency (EPA) declared that its approved uses are safe, in response to a petition from the Natural Resources Defense Council to ban 2,4-D. This in turn is expected to propel the growth of the 2,4-D market. In agriculture, it is widely used to increase food yield, protect crop quality, and manage poisonous and invasive weeds on parks, forests, roadways, and grasslands. Furthermore, 2,4-D is used for the management of turf and lawn to safeguard grasses from weeds and promote soft turf. Thus, with increasing applications, the demand for 2,4-D is also increasing with a rapid pace.

Moreover, worldwide, the demand for efficient herbicides, such as 2,4-D, has increasing due to the growing agricultural practices along with the increasing food demand due to increasing population. According to the Food and Agricultural Organization (FAO), world population is expected to grow by over a third, or 2.3 billion people, between 2009 and 2050 and the global food demand is expected to increase by 70% by 2050. Increasing urbanization is also expected to increase the demand for food. Urbanization is expected to continue at a rapid pace with urban areas accounting for 70 percent of the world's population in 2050.

This in turn is also expected to accelerate the growth of the 2,4-D market. 2,4-D is also widely used in cereals crops, such as corn, oats, rice, and wheat, among others. Thus, with the growing cereal production, the demand for efficient herbicides, such as 2,4-D, is also increasing with a rapid pace. However, there are some drawbacks, such as there is a risk of health hazards, such as kidney damage, liver damage, neurotoxicity, reproductive toxicity, endocrine disruption, cancer, and toxicity to animals such as earthworms, birds, fish, and dogs, due to increasing used of 2,4-D. This in turn is expected to restrain the 2,4-D market growth.

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Key players operating in the global 2,4-D market include Aero Agro Chemical Industries Limited, Corteva, Inc., BASF SE, Nufarm Ltd. ADAMA Ltd., Cayman Chemical Company, Albaugh, LLC, Syngenta AG, Sikko Industries Limited, and Monsanto Company.

Market Taxonomy:-

On the basis of crop type, the global 2,4-D market is segmented into:

Cereals & Grains
Fruits & Vegetables
Oilseeds
Turf & Lawns
Others

On the basis of formulation, the global 2,4-D market is segmented into:

Amine
Ester
Others

On the basis of form, the global 2,4-D market is segmented into:

Liquid
Granules
Others

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