What is the Historic and Current Scenario of the Diquat Dibromide Market?
The diquat dibromide market has seen considerable growth due to a variety of factors.
•In recent times, the market size for diquat dibromide has seen significant growth. The market is projected to expand from $7.75 billion in 2024 to about $8.31 billion in 2025, witnessing a compound annual growth rate (CAGR) of 7.3%.
Factors such as global agricultural trends, research and development, environmental issues, crop output and quality, farming methods and pest control tactics have contributed to the growth in the historical timeframe.
What are the Forecasted Growth and Key Factors of the Diquat Dibromide Market?
The diquat dibromide market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of diquat dibromide is projected to witness substantial growth in the upcoming years, reaching a value of "$10.48 billion by 2029 with a compound annual growth rate (CAGR) of 6.0%.
The predicted growth in the forecast period is attributable to the rising demand for crop protection, market expansion strategies, the emergence of weed resistance, international agricultural trends, and advances in research and development. Prominent tendencies during the forecast timeframe will include utilisation in aquatic environments, urban landscaping and upkeep, increasing demand for non-residual herbicides, resistance management, and a focus on swiftly acting herbicides.
What Main Forces Are Fueling Expansion In The Diquat Dibromide Market?
The surge in the requirement for industrial crops like sugar cane is projected to stimulate the expansion of the diquat dibromide market. The sugar cane is a type of tall grass, Saccharum officinarum, native to the tropical and warm climates, with a sturdy, jointed stalk, and serves as the primary source of sugar. Diquat dibromide is an effective non-selective herbicide that causes substantial damage or even death to a large spectrum of plants upon contact. After being absorbed by the plant leaves, it triggers direct cellular tissue destruction, enhancing crop productivity. For instance, the United States Department of Agriculture reported that in November 2022, Australia's sugarcane yield was projected at 33.0 million tons in 2022, influenced by the increase in the harvested area from 350,000 hectares in 2021 to 5,000 hectares in 2022. Hence, the escalating demand for industrial crops underpins the growth of the diquat dibromide market.
What Are The Primary Segments In The Global Diquat Dibromide Market?
The diquat 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
Subsegments:
1) By Synthetic: Technical Grade Synthetic, Agricultural Grade Synthetic
2) By Bio-Based: Natural Extracts, Bio-Based Formulations
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Which Key Trends Are Driving Changes In The Diquat Dibromide Market?
The emergence of product innovations is becoming an increasingly popular trend in the diquat dibromide market. To maintain their market presence, major firms involved in diquat dibromide are resorting to new technologies. For example, in June 2022, Ihara, a producer of pesticides situated in Brazil, rolled out DORAI MAX (Diquat dibromide + Amicarbazone) herbicide. It comes with a unique new active ingredient ensuring fast and effective action. This herbicide allows for consistent maturity, reduction in harvest losses, and minimises machine wear and fuel consumption. It is specifically created to diminish the grain's susceptibility to damage from crop invaders and environmental changes, while also facilitating the planting of the second crop within a suitable timeframe.
Who Are the Key Players in the Diquat Dibromide Market?
Major companies operating in the diquat dibromide market include:
• Corteva Agriscience Inc.
• Coromandel International Limited.
• EverGrow Group
• BASF SE
• American Vanguard Corporation
• Bayer CropScience SE
• Nutrien Ltd.
• Agriculture Solutions Inc.
• Deepak Fertilizers and Petrochemicals Corporation Limited.
• Hafia Groups
• Sapec Agro SA
• Israel Chemicals Limited.
• Van Iperen International B.V.
• U.S. AG LLC
• Adama Agricultural Solutions
• FMC Corporation
• Syngenta International AG
• Nufarm Limited
• UPL Limited
• Sumitomo Chemical Company Ltd.
• Alligare LLC
• YongNong BioSciences Co. LTD
• Albaugh LLC
• Dow AgroSciences LLC
• DuPont de Nemours Inc.
• The Gowan Company LLC
• Hubei Xianlong Chemical Industry Co. Ltd.
• Jiangsu Luye Agrochemicals Co. Ltd.
• Kenvos Biotech Co. Ltd.
• Nantong Jiangshan Agrochemical & Chemicals Co. Ltd.
• Nissan Chemical Corporation
• Nutrichem Company Limited
• Shandong Luba Chemical Co. Ltd.
• Sharda Cropchem Limited
• Willowood USA
What Is The Most Dominant Region In The Diquat Dibromide Market?
North America was the largest region in the diquat dibromide market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global diquat dibromide market report during the forecast period. The regions covered in the diquat dibromide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
