Diquat Market Set to Reach USD 2.4 Billion by 2025, Projected to Grow at a 4.8% CAGR, Reaching USD 3.8 Billion by 2035 | Fact.MR Report

The diquat market globally will be worth USD 2.4 billion by 2025, according to Fact.MR analysis, diquat will expand at a CAGR of 4.8% and reach USD 3.8 billion by 2035.

In 2024, the worldwide market reached a valuation of USD 2.3 billion, recording a modest year of growth as a result of a mix of traditional agricultural usage and specialty industrial applications. Product dibromide, valued at 1.5 billion, dominated the top 67.9% of the market, highlighting its continued dominance as the formulation of choice.

The agricultural industry continued to be the largest, with diquat being extensively applied as a non-selective herbicide and pre-harvest desiccant in countries with loose regulations. Intensive cropping countries, especially those that deal in oilseeds, legumes, and cereals, continued to drive growth with their quick desiccation value, which enabled quicker rotation cycles.

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Key Takeaways from Market Study:

The global diquat market is projected to reach USD 2.4 billion by 2025 and grow at a CAGR of 4.8%, reaching USD 3.8 billion by 2035.
Diquat dibromide is expected to dominate the market, holding 67.9% of the market share in 2024, valued at USD 1.5 billion.
The agriculture sector remains the largest consumer of diquat, particularly for weed control and pre-harvest desiccation.
North America's diquat market is expected to grow at a CAGR of 5.5% between 2025 and 2035.
China's market is anticipated to grow at a CAGR of 5.1% during the forecast period, driven by its agricultural industry.
Japan's diquat market is expected to register a CAGR of 4.9% through 2035, mainly for efficient weed control in small farmlands.
The use of diquat in South Korea is expected to grow at a 5.0% CAGR, driven by agricultural productivity needs.
Diquat usage faces stringent regulations, with a ban in the European Union since 2018 and regulation under FIFRA in the U.S.
There is growing demand for environmentally friendly diquat formulations, with 59% of stakeholders in the USA and EU-5 willing to pay a premium.
Manufacturers in India face challenges due to inconsistent bromine supply chains, and the EU-5 faces delays in REACH certification approvals.

Leading Players Driving Innovation in the Diquat Market:

Aceto, Alligare, Syngenta, YongNong BioSciences CO., LTD., Sinon Corporation, India-based generics, Zhejiang Jinfanda Biochemical Co., Ltd., Other Major Players

Key Drivers of Growth:

The agriculture industry is still the highest user of diquat, employing it for quick desiccation of crops like oilseeds, legumes, and cereals, enabling quicker crop rotation periods. Its application in water treatment processes has also expanded, owing to the requirements of managing aquatic weeds in reservoirs, irrigation canals, and recreational water bodies.

Emerging economies are helping drive the market forward, with countries such as the USA, China, and Brazil witnessing greater demand for efficient herbicide solutions.

Regulatory Landscape:

Regulatory attention is growing, especially in the EU and some areas of North America, because of increased interest in the health and environmental impacts of diquat. In response, stakeholders are focusing on meeting herbicide safety and residue levels, with 84% of worldwide stakeholders considering this as a "business-critical" priority.

Adoption of Advanced Formulations:

The sector is seeing a trend toward sophisticated formulations to address regulatory pressures and environmental issues. In the USA, 61% switched to drift-reduction and encapsulated products, while 49% in the EU-5 are shifting to low-residue products. Yet price sensitivity continues to be an issue in countries such as India and China, where just 24% have embraced newer formulations.

Browse Full Report: https://www.factmr.com/report/diquat-market

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global diquat market, presenting historical data for 2020 to 2024 and forecast statistics for 2025 to 2035.

The diquat market can be segmented based on product type, form, end-use verticals, and region. By product type, the market is categorized into dibromide, dichloride, and PCB laminates. In terms of form, diquat is available in crystalline and liquid forms.

The primary end-use verticals include water treatment, agriculture, and other industries. Geographically, the market is divided into regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA). This segmentation helps in understanding the diverse applications and regional dynamics driving the market's growth.

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