Press release
Growing Demand For Industrial Crops Boosts The Diquat Dibromide Market For Enhanced Productivity Driver: A Major Catalyst in the Evolution of the Diquat Dibromide Market in 2025
Diquat Dibromide Market Trends
The surge in the requirement for industrial crops, such as sugar cane, is projected to drive the expansion of the diquat dibromide market in the near future. Sugar cane, a tall grass scientifically identified as Saccharum officinarum, which is indigenous to tropical and warm climates, possessing a robust, jointed stem and serves as the main provider of sugar. Diquat functions as a non-selective herbicide that causes damage or eradicates a broad spectrum of plants upon contact. Absorbed by the vegetation's leaves, it induces immediate cellular tissue decay, boosting the crop's productivity. For example, the United States Department of Agriculture, a US government entity, reported in November 2022 that there has been an estimate of 33.0 million tons of sugarcane production in Australia for 2022, due to the expansion of the harvested region from 350,000 hectares in 2021 to 5,000 hectares in 2022. Hence, the burgeoning demand for industrial crops is accelerating the diquat dibromide market's growth trajectory onwards.
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How will the growth rate of the diquat dibromide market shape industry trends by 2034?
The market for diquat dibromide has seen a robust expansion in the recent past. The market is projected to rise from a value of $7.75 billion in 2024, to $8.31 billion in 2025, representing a compound annual growth rate (CAGR) of 7.3%. The historic growth rate can be linked to global farming trends, research and development, environmental factors, crop output and quality, agricultural methodologies, and pest management strategies.
In the coming years, the market size of diquat dibromide is anticipated to experience substantial growth, reaching "$10.48 billion by 2029 with an annual compound growth rate (CAGR) of 6.0%. This anticipated growth during the forecast period can be ascribed to several factors such as the need for crop protection, market enlargement initiatives, rising weed resistance, evolving global agricultural trends, and ongoing research and development. Significant trends expected within this forecast period consist of its application in aquatic ecosystems, urban landscape conservation and upkeep, increasing demand for non-residual herbicides, managing resistance, and emphasis on quick-acting herbicides.
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What trends are poised to drive the future success of the diquat dibromide market?
The emergence of product innovations is a soaring trend in the diquat dibromide market. To maintain market positioning, corporations are utilizing cutting-edge technologies in this sector. For example, in June 2022, Ihara, an agrochemical producer based in Brazil, introduced DORAI MAX (Diquat dibromide + Amicarbazone) herbicide. This inventive product, powered by a novel active ingredient, brings effective and speedy action. It aids in maintaining uniform maturity while minimizing harvest losses, equipment wear, and fuel consumption. Designed ingeniously, it curtails the vulnerability of grains to pests and variable environmental factors, facilitating the planting of the second crop within the optimal timeframe.
Which primary segments of the diquat dibromide market are driving growth and industry transformations?
The diquat dibromide market covered in this report is segmented -
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
Subsegments:
1) By Synthetic: Technical Grade Synthetic, Agricultural Grade Synthetic
2) By Bio-Based: Natural Extracts, Bio-Based Formulations
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Which geographical regions are pioneering growth in 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 global diquat dibromide market report during the forecast period. The regions covered in the diquat dibromide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the diquat dibromide market landscape?
Major companies operating in the diquat dibromide market include 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., Van Iperen International B.V., U.S. AG LLC, Adama Agricultural Solutions, FMC Corporation, Syngenta International AG, Nufarm Limited, UPL Limited, Sumitomo Chemical Company Ltd., Alligare LLC, YongNong BioSciences Co. LTD, Albaugh LLC, Dow AgroSciences LLC, DuPont de Nemours Inc., The Gowan Company LLC, Hubei Xianlong Chemical Industry Co. Ltd., Jiangsu Luye Agrochemicals Co. Ltd., Kenvos Biotech Co. Ltd., Nantong Jiangshan Agrochemical & Chemicals Co. Ltd., Nissan Chemical Corporation, Nutrichem Company Limited, Shandong Luba Chemical Co. Ltd., Sharda Cropchem Limited, Willowood USA
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What Is Covered In The Diquat Dibromide Global Market Report?
• Market Size Forecast: Examine the diquat dibromide market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the diquat dibromide market for a structured understanding.
• Key Players Overview: Analyze major players in the diquat dibromide market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the diquat dibromide market.
• Segment Contributions: Evaluate how different segments drive overall growth in the diquat dibromide market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the diquat dibromide market.
• Industry Challenges: Identify potential risks and obstacles affecting the diquat dibromide market.
• Competitive Landscape: Review strategic developments in the diquat dibromide market, including expansions, agreements, and new product launches.
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