{"product_id":"global-2-4-d-herbicides-market-2021-2028","title":"Global 2,4 D Herbicides Market - 2021-2028","description":"\u003cp\u003eGlobal 2,4 D Herbicides Market - 2021-2028\u003c\/p\u003e\n\n\u003cp\u003eMarket Overview\u003c\/p\u003e\n\n\u003cp\u003e2,4-Dichlorophenoxyacetic Acid, commonly called as 2, 4-D, is a part of the phenoxy herbicides group. It is the most common type of herbicide used in the agriculture sector. Generally, herbicides are applied to maintain plant growth and high productivity in agricultural practices. 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. 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. 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 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)\u003c\/p\u003e\n\n\u003cp\u003eMarket Dynamics\u003c\/p\u003e \n\n\u003cp\u003eWide range of applications to drive the market growth\u003c\/p\u003e\n\n\u003cp\u003e2,4-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. It is also used in lawn and turf management for safeguarding grasses from weeds and promoting soft turf. Such wide range of applications of 2,4-D is expected to drive growth of the 2,4-D market globally. 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. 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. For instance, according to the FAO, world cereal production in 2015-16 was 2590.1 million tons, which increased to 2,703.6 million tons in 2017-18. Also, the low cost, high efficiency and environmental benefits 2,4-D herbicide as compared to other herbicide products also help drive the market.\u003c\/p\u003e\n\n\u003cp\u003eOn 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 stringent regulations \u0026amp; polices in developed regions may hamper the growth of global 2,4-D herbicides market.\u003c\/p\u003e\n\n\u003cp\u003eMarket Segmentation\u003c\/p\u003e\n\n\u003cp\u003eLiquid is the most widely available form, holding about XX% of the global market\u003c\/p\u003e\n\n\u003cp\u003eThere 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. On the other hand, the oilseeds \u0026amp; pulses segment, by crop type, is projected to have the highest CAGR during the forecast period. This is due to the growing demand for soybean which is a major edible oil. Moreover, there has been a rise in the usage of herbicides in the cultivation of pulses especially in Asian countries in recent years.\u003c\/p\u003e \n\n\u003cp\u003eGeographical Penetration\u003c\/p\u003e\n\n\u003cp\u003eAsia Pacific is the largest market for 2,4-D herbicides with a share of nearly XX% in global sales value in 2020\u003c\/p\u003e\n\n\u003cp\u003eBy 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. 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, 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. There is also a high demand for generic herbicides adopted by a majority of farmers in different countries in the Asia-Pacific region. 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.\u003c\/p\u003e \n\n\u003cp\u003eCompetitive Landscape:\u003c\/p\u003e \n\n\u003cp\u003eThe global 2,4 D Herbicides market is highly competitive in nature with the presence of many formulators. Some of the major players of the market include DowDuPont, BASF, Monsanto, FMC Corporation and Nufarm Ltd. They have strengthened the market through their product offerings. Continuous innovation to introduce new products, with functional benefits is the key competitive factor in the market. For instance, In June 2018, BASF SE launched pre-emergent and residual herbicide Zidua for Argentinean farming. In Argentina, Nufarm has developed Weedar Full, a hormonal herbicide that combines two salts, based on the 2,4-D non-volatile amine.\u003c\/p\u003e \n\n\u003cp\u003eCOVID-19 Impact: The market witnessed a negative impact\u003c\/p\u003e \n\n\u003cp\u003eThe entire world is facing the effects of the COVID-19 pandemic in various sectors and industries. As China is the producer and supplier of most of the raw materials or inputs in many industries, the outbreak of Coronavirus in China has disrupted the entire economy. The restriction on logistics has been the main challenge for all sectors of the industry. Transportation through trucks were severely hit. As for cross border transportation through trucks, drivers had to be quarantined for two weeks if the road hadn't already been blocked. Also, the movement of vehicles were restricted by the provinces that are coming from states or places where the situation was worst. However, Asia Pacific agriculture industry, particularly in countries such as India and China remained resilient to the pandemic as much of the farm produce is used in household consumption and farming practices were exempted under essential categories. Thus the demand for 2,4-D herbicides remained in line with the expected growth rates, thereby offsetting the decline in European markets\u003c\/p\u003e\n\n\u003cp\u003eWhy Purchase the Report?\u003cbr\u003e\n• Understand the current market scenario and viability of global 2,4 D herbicides over the forecast period. \u003cbr\u003e\n• Visualize the composition of the global 2,4 D herbicides market in terms of form and crop type to identify major players, growth potential, and market strategies\u003cbr\u003e\n• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period\u003cbr\u003e\n• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market\u003c\/p\u003e\n\n\u003cp\u003eWhat we offer?\u003cbr\u003e\n• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.\u003cbr\u003e\n• Excel data sheet with valuable data points of the global 2,4 D herbicides market – Regional and Country level segmentation\u003cbr\u003e\n• Product mapping in excel for the key products of all major market players\u003cbr\u003e\n• Market Share Analysis covering business revenues ($) and revenue share (%) of key market players\u003c\/p\u003e\n\n\u003cp\u003eTarget Audience:\u003cbr\u003e\n• Agrochemical Companies\u003cbr\u003e\n• Farming Communities\u003cbr\u003e\n• Industry Investors\/Investment Bankers\u003cbr\u003e\n• Education \u0026amp; Research Institutes\u003cbr\u003e\n• Research Professionals\u003c\/p\u003e","brand":"Service Industrries","offers":[{"title":"July, 2021 \/ 180 Pages \/ MCW16272445","offer_id":47707760066866,"sku":null,"price":5220.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-2-4-d-herbicides-market-2021-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}