2,4-D Market Emerging Economies Expected to Influence Growth Until 2026

2,4-Dichlorophenoxyacetic acid (2,4-D) is used as a herbicide for killing weeds such as bull thistle, cocklebur, dandelions, clover, plantain, morning glory, and chickweed among others. 2,4-D kills broadleaf weeds by causing disorganized and uncontrolled plant growth, which results in death of weeds.

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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.

Rising good agricultural practices across the globe along with growing demand for food due to growing population is fueling demand for efficient herbicides such as 2,4-D globally. For instance, according to the Food and Agricultural Organization (FAO) report, in 2017, agriculture activities utilized 37% of the global land area.

In North America, the U.S. held highest market share in 2018 in the North America 2,4-D market. This is attributed to rising demand of pesticides such as herbicides in this region. For instance, according to the Pesticide Action Network North America, in 2012, 564 million pounds of herbicides was used in the U.S.

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.

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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

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This release was published on openPR.