The Diquat Dibromide Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Diquat Dibromide Global Market Report 2024, The diqat dibromide market size has grown strongly in recent years. It will grow from $7.23 billion in 2023 to $7.8 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to global agricultural trends, r&d and innovation, environmental concerns, crop yield and quality, agricultural practices, pest control practices.
The diqat dibromide market size is expected to see strong growth in the next few years. It will grow to $9.62 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to crop protection demand, market expansion strategies, emerging weed resistance, global agricultural trends, research and development. Major trends in the forecast period include usage in aquatic environments, urban landscaping and maintenance, demand for non-residual herbicides, resistance management, focus on fast action herbicides.
Increased demand for industrial crops such as sugar cane is expected to propel the growth of the diquat dibromide market going forward. Sugar cane refers to a tall grass called Saccharum officinarum that is native to tropical and warm climates, has a strong, jointed stalk, and is the main source of sugar. Diquat is a non-selective herbicide that kills or harm a wide range of plants when it meets them. It is absorbed by plant leaves and causes direct cell tissue destruction and increase the productive of the crops. For instance, in November 2022, 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, increased demand for industrial crops is driving the growth of the diquat dibromide market going forward.
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The diqat 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
Top Major Players:|
Corteva Agriscience Inc.
Coromandel International Limited
EverGrow Group
BASF SE
American Vanguard Corporation
North America was the largest region in the diquat dibromide market in 2023.
Product innovations are a key trend gaining popularity in the diquat dibromide market. Major companies operating in the diquat dibromide market are adopting new technologies to sustain their position in the market. For instance, in June 2022, Ihara, a Brazil-based manufacturer of pesticides, launched DORAI MAX (Diquat dibromide + Amicarbazone) herbicide. It is uniquely designed with a new active ingredient that enables quick and efficient action. The new herbicide makes it possible for maintaining consistent maturity and decreases harvest losses, machine wear, and fuel usage. It is uniquely designed to reduce the exposure of grains to the attack of crop detractors and environmental variations and allows to plant of the second crop within an ideal window.
The diquat dibromide market report table of contents includes:
1. Executive Summary
2. Diquat Dibromide Market Characteristics
3. Diquat Dibromide Market Trends And Strategies
4. Diquat Dibromide Market – Macro Economic Scenario
5. Global Diquat Dibromide Market Size and Growth
…..
31. Global Diquat Dibromide Market Competitive Benchmarking
32. Global Diquat Dibromide Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Diquat Dibromide Market
34.Diquat Dibromide Market Future Outlook and Potential Analysis
35. Appendix
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