Growing need for broadleaf weed regulation will continue to be the key driver to the demand for dicamba globally.
The global dicamba market is foreseen to witness healthy growth, reaching a value worth $313.3 million in 2016. North America may outpace the largest dicamba market i.e. Europe, in terms of Y-o-Y growth.
Use of dicamba as an herbicide for controlling broadleaf weed in domestic, commercial, and non-commercial applications, will remain the primary factor fuelling the demand. Farmland maintenance is the most prominent driver to dicamba market growth.
In addition to easy usage and widespread availability, rising need for food safety and security, and growing awareness about efficient crop protection, are likely to favor the growth of the dicamba market, especially in developing countries. Surging need for maximum crop yield without losing facing significant loss is also identified to be one of the important market drivers. Steadily increasing exports from China are foreseen to push the market growth further.
Source: www.marketwatch.com