Press release
Diquat Dibromide Market: Noteworthy Growth, CAGR of 6.0%, and Key Drivers Forecast for 2024-2029
Diquat Dibromide Market Size
What Is The Projected Market Size Of The Global Diquat Dibromide Market And Its Growth Rate?
The global diquat dibromide market has been witnessing noteworthy growth.
• Growth from $7.75 billion in 2024 to $8.31 billion in 2025 (7.3% CAGR)
• Predicted growth to $10.48 billion in 2029 (6.0% CAGR)
These trends can be attributed to global agricultural practices, crop yield and quality enhancement, pest control practices, and R&D innovations.
What Is Driving The Growth In The Diquat Dibromide Market?
The surge in demand for industrial crops like sugar cane propels the growth of the diquat dibromide market. Diquat is a non-selective herbicide that's absorbed by plant leaves and causes direct cell tissue destruction and increases crop productivity. For instance, according to the United States Department of Agriculture, a US-based government organization, Australia's sugarcane production is estimated at 33.0 million tons in 2022 with the increase in harvested area from 350,000 hectares in 2021 to 5,000 hectares in 2022. Therefore, the increased demand for industrial crops is driving the growth of the diquat dibromide market forward.
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Who Are the Key Players Driving Diquat Dibromide Market Growth?
The key players driving the market growth are:
• Corteva Agriscience Inc.
• Coromandel International Limited.
• EverGrow Group
• BASF SE
• American Vanguard Corporation
• Bayer CropScience SE
• Nutrien Ltd.
• Agriculture Solutions Inc.
• Deepak Fertilizers and Petrochemicals Corporation Limited.
• Hafia Groups
• Sapec Agro SA
• Israel Chemicals Limited
What Are The Key Trends In The Diquat Dibromide Market?
The forecast period for diquat dibromide market exhibits the following trends:
• Usage in aquatic environments
• Urban landscaping and maintenance
• Demand for non-residual herbicides
• Resistance management
• Focus on fast-action herbicides
What Are The Segments Of The Global Diquat Dibromide Market?
Diquat dibromide market segments are as follows:
1) By Type: Synthetic, Bio-Based
2) By Corn Type: Corn, Wheat, Cotton, Soybean
3) By Form: Crystalline, Liquid
4) By End-User: Water Treatment, Agriculture, Other End Users
Which Region Leads The Diquat Dibromide Market?
North America was the largest region in the diquat dibromide market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Diquat Dibromide Market Global Market Report?
- Market Size Analysis: Analyze the Diquat Dibromide Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Diquat Dibromide Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Diquat Dibromide Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Diquat Dibromide Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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