PUBLISHER: Grand View Research | PRODUCT CODE: 1530553
PUBLISHER: Grand View Research | PRODUCT CODE: 1530553
Dicamba Market Size Trends
The global dicamba market size was estimated at USD 559.5 million in 2023, growing at a CAGR of 7.9% from 2024 to 2030 owing to the effectiveness of product in managing difficult-to-control, broadleaf weeds, including those resistant to other herbicides. Moreover, the introduction and widespread adoption of genetically modified crops, specifically herbicide tolerant varieties like soybeans and cotton, have increased the demand for product-based herbicides.
In addition, the product use in soybeans was limited to preplant and preharvest applications as per regulations from the Minnesota Department of Agriculture before 2016, However, since then, the US EPA has approved specific products (such as Engenia, XtendiMax, and Tavium) for post-emergence, use on dicamba-tolerant (DT) soybeans and cotton. This approval has expanded the product application window, allowing farmers to use product later in the growing season to effectively manage weed populations in these crops.
Dicamba is a selective systemic herbicide primarily used for post-emergence control of broadleaf weeds. Moreover, the product was initially registered by the US Environmental Protection Agency (EPA) in 1967 and is available in various formulations. It is approved for use on a wide range of food and feed crops, including corn, barley, wheat, and dicamba-tolerant (DT) soybeans. Additionally, the product is employed in turf management for controlling weeds in lawns, golf courses, sports fields, and parks.
The timing of product application is crucial to ensure effective weed control while minimizing the risk of off-target movement and damage to sensitive crops. The growth stage of the crop is one of the primary considerations for the product application. For instance, in soybean crops the product application is recommended before soybeans reach the R1 (beginning bloom) growth stage to minimize the risk of crop injury. After R1, soybeans become more sensitive to product exposure.
Global Dicamba Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global dicamba market report based on form, crop type, time of application & region.
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
India
Japan
South Korea
Brazil
Argentina
Saudi Arabia
South Africa