![]() The global 2,4 D Herbicides market is highly competitive in nature with the presence of many formulators. India and China are leading the 2,4-D herbicides consumption in this region and are expected to hold their dominance over the forecast period. There is also a high demand for generic herbicides adopted by a majority of farmers in different countries in the Asia-Pacific region. Moreover, the demand for 2,4 D herbicide is growing in the Asia-Pacific region due to the rise in awareness about better crop protection methods and less stringent regulation policies adopted by regulatory bodies. The declining availability of agricultural labor and shift towards precision farming practices is resulting in rapid transition of manual weed control towards crop protection chemicals. Moreover, there has been a rise in the usage of herbicides in the cultivation of pulses especially in Asian countries in recent years.Īsia Pacific is the largest market for 2,4-D herbicides with a share of nearly XX% in global sales value in 2020īy geography, Asia Pacific is the largest market for 2,4-D herbicides with a share of nearly XX% in global sales value in 2019, owing to large scale utilization of 2,4-D herbicide in wheat, corn, rice, and other crops. This is due to the growing demand for soybean which is a major edible oil. On the other hand, the oilseeds & pulses segment, by crop type, is projected to have the highest CAGR during the forecast period. There is an increase in the awareness for alternative methods of weed control and bio-based pesticides owing to rise in health concerns and adverse effects on environment. Liquid is the most widely available form, holding about XX% of the global market Also, the stringent regulations & polices in developed regions may hamper the growth of global 2,4-D herbicides market. On the other hand, limited use in current scenario and complexity involved in the manufacturing of 2,4-D herbicides has proved to be a restraint for the 2,4-D herbicides market. Also, the low cost, high efficiency and environmental benefits 2,4-D herbicide as compared to other herbicide products also help drive the market. For instance, according to the FAO, world cereal production in 2015-.1 million tons, which increased to 2,703.6 million tons in 2017-18. In order to cater to the increasing demand for grains, cereals, fruits and vegetables, among others with the growing population, the demand for agrochemicals such as fungicide, herbicide and insecticide has increased across the globe. Moreover, modernization in farming techniques and the increasing usage of agrochemicals to increase crop yield are the major factors driving the global 2,4-D herbicide market. Such wide range of applications of 2,4-D is expected to drive growth of the 2,4-D market globally. It is also used in lawn and turf management for safeguarding grasses from weeds and promoting soft turf. Wide range of applications to drive the market growthĢ,4-D is the most widely used herbicide in agriculture for protecting crop quality, increasing food yield, and in land management by managing poisonous and invasive weeds on roadways, parks, forests, and grasslands. The global 2,4 D herbicides market valued USD XX million in 2020 and is forecasted to reach USD XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028) In addition, 2,4-D provides high water solubility as well as many other solvents, due to which it can easily penetrate in to the soil (from the plant) and thus increase crop yield, promote plant growth and enhance soil quality. The key factor that contributes to the rising demand for 2, 4-D and its derivatives is its low price and efficiency per acre compared to other herbicides. These herbicides find application in agricultural as well as non-agricultural applications such as in lawns, parks, turfs, gardening, golf courses and forestry, among other areas. Generally, herbicides are applied to maintain plant growth and high productivity in agricultural practices. ![]() It is the most common type of herbicide used in the agriculture sector. Global 2,4 D Herbicides Market - 2021-2028Ģ,4-Dichlorophenoxyacetic Acid, commonly called as 2, 4-D, is a part of the phenoxy herbicides group. ![]()
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