Diquat Dibromide Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence

November 02 18:09 2022
Diquat Dibromide Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence
DataM Intelligence
Global Diquat Dibromide Market is expected to grow at a high CAGR of 6% during the forecasting period (2022 – 2029).

Market Overview

Diquat dibromide is a desiccant contact and an herbicide authorized by the EU. It is especially water-soluble, has a low threat of leaching into groundwater, and is unstable. It could be very stable in soil however degrades hastily in aquatic environments. It is used to desiccate potato vines and seed plants, to control sugarcane developing, and to control business and aquatic weeds. It is not residual; this is, there is no residue of herbicide left on or in vegetation, soil, or water.

Moreover, the low availability of arable land and better intake of plant-primarily based merchandise opens the doorways for new gamers in conjunction with the moneymaking opportunities for the prevailing market gamers inside the international Diquat Dibromide marketplace.

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Market Dynamics

The developing need for improving agricultural yield thanks to surging food demand and reducing arable land is the essential thing driving the global Diquat Dibromide market. Arable land is continuously declining with urbanization, soil degradation, climatic modifications, and a few other factors. This has resulted inside the want for enhancing agricultural productivity, thereby driven the usage of effective farming materials.

Moreover, the developing want for pest control in agriculture thanks to fine worries of agricultural produce is further boosting the demand for diquat dibromide throughout the globe. Additionally, increasing exertions fees and a labor scarcity also are assisting the growth of the global Diquat Dibromide marketplace.

However, stringent government guidelines imposed over using precise herbicides due to their negative environmental and human fitness outcomes are the important thing hindering the growth of the worldwide Diquat Dibromide Market. In October 2018, the EU Commission has decided no longer to resume the approval of diquat based on concerns related to the exposure of bystanders, citizens, and birds.

Market Segmentation:

By Type

  • Synthetic
  • Bio-based

By Crop Type

  • Corn
  • Wheat
  • Cotton
  • Soybean
  • Others

Competitive Landscape

The global Diquat Dibromide market is consolidated with the top 5 companies accounting for a major share of global sales. BASE SE, Bayer CropScience, Corteva Agriscience, American Vanguard Corporation, and Bayer AG are dominating the global Diquat Dibromide market. These companies have used various strategies such as expansions, new product launches, agreements, partnerships, joint ventures, acquisitions, and others to increase their footprints in this market.

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