The Dicamba Herbicide Market is expected to register a CAGR of 7.0% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The dicamba herbicide market is segmented into form, time of application, crop type, and geography. Based on form, the market is segmented into liquid and dry. Based on time of application, the market is segmented into post-emergence and pre-emergence. Based on crop type, the market is segmented into cereals and grains, oilseeds and pulses, pastures and forage crops, and others. The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Dicamba Herbicide Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Dicamba Herbicide Market Segmentation
Form- Liquid
- Dry
- Post-Emergence
- Pre-Emergence
Strategic Insights
Dicamba Herbicide Market Growth Drivers- Growing Demand for an Efficient Weed Management Solution: Dicamba is a very widely used selective herbicide that is used primarily to control broadleaf weeds in crops such as soybeans, cotton, and corn. On account of the growing requirements for food production by the entire world and the increasing resistance among weeds to traditional herbicides, the effectiveness of dicamba in managing resistant weed species has become a significant market driver. The increasing efficiency of farming practices boosts demand for stronger and more potent herbicides that protect crops against the devastating effects of weed competition.
- Increase in Genetically Modified (GM) Crop Area: The increased demands for dicamba herbicides are primarily attributed to genetically modified crops, especially dicamba-resistant ones. The GM crops, Xtend™ soybeans, and cotton that can tolerate dicamba are tolerant and may allow farmers to spray the herbicide after weeds emerge in their fields without harming them. Therefore, due to the increased adoption of dicamba-tolerant GM crops in many countries across the globe, including the United States, Brazil, and Argentina, demand for dicamba herbicides is expected to rise.
- Increasing Focus on Enhancing Agricultural Productivity and Yield: The demand for food at a global level increases and emphasis is put on agricultural productivity to answer the demand. Herbicides such as dicamba ensure the improvement of crop yields as they deprive weeds of competing for water and nutrients, thus becoming critical inputs into achieving high productivity levels in farming. Dicamba herbicide uptake continues to increase with high productivity and minimum losses to weeds, especially in large-scale countries with commercial production.
- Regulatory Review and Label Changes: However, the regulatory pressures accumulating over Dicamba are based on a fear that its application poses the risk of drift onto nontarget crops- thereby causing damage and loss. In response, new restrictions were set forth by the EPA and other such regulatory agencies on tighter application guidelines and specificity in weather conditions for its use. These problems have made dicamba-based formulations to be concentrated and non-volatile, with enhanced safety characteristics. The sales are continuously rising as farmers become accustomed to the new cultural practices.
- Compatibility in Integrated Pest Management (IPM) Systems: There is an increasing practice of using dicamba herbicides in Integrated Pest Management (IPM) systems. IPM management implies strategies for the control of pests and weeds based on biological, mechanical, cultural, and chemical methods that are environmentally friendly. The use of dicamba, herbicides, and farming practices ensures minimal or no development of herbicide-resistant weed species and reduction of environmental impacts. This suggests that dicamba herbicides are as relevant in current agriculture as it is part of the adoption of more sustainable agricultural practices.
- Expedite the Introduction of Herbicide-Resistant Crop Varieties: With the increased prevalence of herbicide-resistant weeds, it is now common that crop varieties with tolerance to herbicides, specifically dicamba, are planted. Crops engineered to become resistant to dicamba, like those within the Xtend ™ and Roundup Ready ™ systems, have increased the application of dicamba on a larger scale and with much higher safety in intensive farming operations. These account for dicamba's large input into modern weed management practices, especially in areas known for their high weed resistance concerns.
- Growth in new agricultural markets: The dicamba herbicide market would grow quite rapidly in emerging agricultural markets, especially Latin America and Asia-Pacific. With the expansion in soybean and corn farming in countries like Brazil and Argentina, the demand for dicamba-tolerant crops and herbicides will increase. Modern trends in agriculture in these regions provide high growth potential for suppliers of dicamba herbicides.
- Development of Safer, Low-Volatility Dicamba Formulations: The problems of dicamba volatility and nontarget crop drift become an opportunity for manufacturers to introduce less volatile, safer formulations. Such newer formulations as reducing the risk for herbicide drift and environmental damage may help regain public trust and expand the market, particularly in the case of stringent regulatory requirements.
- Synergies with Other Herbicides and Crop Protection Solutions: Dicamba can be used effectively as a mixture of herbicide with other herbicides that control a greater number of weed species, including herbicide-resistant types. There is much potential for market growth from the development of combination herbicide products that include dicamba along with other active ingredients. Such a combination product might allow more efficient weed management by increasing the number of resistant and sensitive weed populations simultaneously killed by a single herbicide application, thus offering product innovation and market growth opportunities for farmers experiencing difficulty with resistant populations.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Dicamba Herbicide Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Dicamba Herbicide Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Regulatory scrutiny and product labeling changes is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the dicamba herbicide market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The major factors driving the dicamba herbicide market are:
1.Rising Demand for Effective Weed Control Solutions
2. Growth in Genetically Modified (GM) Crop Adoption
Albaugh, Inc., BASF SE, Bayer Cropscience AG, E.I. Dupont De Nemours and Company, Helena Chemical Company, Monsanto Company, Nufarm Limited., Syngenta AG, The Andersons, Inc., and The DOW Chemical Company are some of the players operating in the market.
The Dicamba Herbicide Market is estimated to witness a CAGR of 7.0% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Dicamba Herbicide Market - By Physical Form
1.3.2 Dicamba Herbicide Market - By Time of Application
1.3.3 Dicamba Herbicide Market - By Crop Type
1.3.4 Dicamba Herbicide Market - By Formulation
1.3.5 Dicamba Herbicide Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DICAMBA HERBICIDE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. DICAMBA HERBICIDE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. DICAMBA HERBICIDE MARKET - GLOBAL MARKET ANALYSIS
6.1. DICAMBA HERBICIDE - GLOBAL MARKET OVERVIEW
6.2. DICAMBA HERBICIDE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DICAMBA HERBICIDE MARKET - REVENUE AND FORECASTS TO 2028 - PHYSICAL FORM
7.1. OVERVIEW
7.2. PHYSICAL FORM MARKET FORECASTS AND ANALYSIS
7.3. LIQUID
7.3.1. Overview
7.3.2. Liquid Market Forecast and Analysis
7.4. DRY
7.4.1. Overview
7.4.2. Dry Market Forecast and Analysis
8. DICAMBA HERBICIDE MARKET - REVENUE AND FORECASTS TO 2028 - TIME OF APPLICATION
8.1. OVERVIEW
8.2. TIME OF APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. POST-EMERGENCE
8.3.1. Overview
8.3.2. Post-Emergence Market Forecast and Analysis
8.4. PRE-EMERGENCE
8.4.1. Overview
8.4.2. Pre-Emergence Market Forecast and Analysis
9. DICAMBA HERBICIDE MARKET - REVENUE AND FORECASTS TO 2028 - CROP TYPE
9.1. OVERVIEW
9.2. CROP TYPE MARKET FORECASTS AND ANALYSIS
9.3. CEREALS AND GRAINS
9.3.1. Overview
9.3.2. Cereals and Grains Market Forecast and Analysis
9.4. OILSEEDS AND PULSES
9.4.1. Overview
9.4.2. Oilseeds and Pulses Market Forecast and Analysis
9.5. PASTURES AND FORAGE CROPS
9.5.1. Overview
9.5.2. Pastures and Forage Crops Market Forecast and Analysis
10. DICAMBA HERBICIDE MARKET - REVENUE AND FORECASTS TO 2028 - FORMULATION
10.1. OVERVIEW
10.2. FORMULATION MARKET FORECASTS AND ANALYSIS
10.3. SALT
10.3.1. Overview
10.3.2. Salt Market Forecast and Analysis
10.4. ACID
10.4.1. Overview
10.4.2. Acid Market Forecast and Analysis
11. DICAMBA HERBICIDE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Dicamba Herbicide Market Overview
11.1.2 North America Dicamba Herbicide Market Forecasts and Analysis
11.1.3 North America Dicamba Herbicide Market Forecasts and Analysis - By Physical Form
11.1.4 North America Dicamba Herbicide Market Forecasts and Analysis - By Time of Application
11.1.5 North America Dicamba Herbicide Market Forecasts and Analysis - By Crop Type
11.1.6 North America Dicamba Herbicide Market Forecasts and Analysis - By Formulation
11.1.7 North America Dicamba Herbicide Market Forecasts and Analysis - By Countries
11.1.7.1 United States Dicamba Herbicide Market
11.1.7.1.1 United States Dicamba Herbicide Market by Physical Form
11.1.7.1.2 United States Dicamba Herbicide Market by Time of Application
11.1.7.1.3 United States Dicamba Herbicide Market by Crop Type
11.1.7.1.4 United States Dicamba Herbicide Market by Formulation
11.1.7.2 Canada Dicamba Herbicide Market
11.1.7.2.1 Canada Dicamba Herbicide Market by Physical Form
11.1.7.2.2 Canada Dicamba Herbicide Market by Time of Application
11.1.7.2.3 Canada Dicamba Herbicide Market by Crop Type
11.1.7.2.4 Canada Dicamba Herbicide Market by Formulation
11.1.7.3 Mexico Dicamba Herbicide Market
11.1.7.3.1 Mexico Dicamba Herbicide Market by Physical Form
11.1.7.3.2 Mexico Dicamba Herbicide Market by Time of Application
11.1.7.3.3 Mexico Dicamba Herbicide Market by Crop Type
11.1.7.3.4 Mexico Dicamba Herbicide Market by Formulation
11.2. EUROPE
11.2.1 Europe Dicamba Herbicide Market Overview
11.2.2 Europe Dicamba Herbicide Market Forecasts and Analysis
11.2.3 Europe Dicamba Herbicide Market Forecasts and Analysis - By Physical Form
11.2.4 Europe Dicamba Herbicide Market Forecasts and Analysis - By Time of Application
11.2.5 Europe Dicamba Herbicide Market Forecasts and Analysis - By Crop Type
11.2.6 Europe Dicamba Herbicide Market Forecasts and Analysis - By Formulation
11.2.7 Europe Dicamba Herbicide Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Dicamba Herbicide Market
11.2.7.1.1 Germany Dicamba Herbicide Market by Physical Form
11.2.7.1.2 Germany Dicamba Herbicide Market by Time of Application
11.2.7.1.3 Germany Dicamba Herbicide Market by Crop Type
11.2.7.1.4 Germany Dicamba Herbicide Market by Formulation
11.2.7.2 France Dicamba Herbicide Market
11.2.7.2.1 France Dicamba Herbicide Market by Physical Form
11.2.7.2.2 France Dicamba Herbicide Market by Time of Application
11.2.7.2.3 France Dicamba Herbicide Market by Crop Type
11.2.7.2.4 France Dicamba Herbicide Market by Formulation
11.2.7.3 Italy Dicamba Herbicide Market
11.2.7.3.1 Italy Dicamba Herbicide Market by Physical Form
11.2.7.3.2 Italy Dicamba Herbicide Market by Time of Application
11.2.7.3.3 Italy Dicamba Herbicide Market by Crop Type
11.2.7.3.4 Italy Dicamba Herbicide Market by Formulation
11.2.7.4 United Kingdom Dicamba Herbicide Market
11.2.7.4.1 United Kingdom Dicamba Herbicide Market by Physical Form
11.2.7.4.2 United Kingdom Dicamba Herbicide Market by Time of Application
11.2.7.4.3 United Kingdom Dicamba Herbicide Market by Crop Type
11.2.7.4.4 United Kingdom Dicamba Herbicide Market by Formulation
11.2.7.5 Russia Dicamba Herbicide Market
11.2.7.5.1 Russia Dicamba Herbicide Market by Physical Form
11.2.7.5.2 Russia Dicamba Herbicide Market by Time of Application
11.2.7.5.3 Russia Dicamba Herbicide Market by Crop Type
11.2.7.5.4 Russia Dicamba Herbicide Market by Formulation
11.2.7.6 Rest of Europe Dicamba Herbicide Market
11.2.7.6.1 Rest of Europe Dicamba Herbicide Market by Physical Form
11.2.7.6.2 Rest of Europe Dicamba Herbicide Market by Time of Application
11.2.7.6.3 Rest of Europe Dicamba Herbicide Market by Crop Type
11.2.7.6.4 Rest of Europe Dicamba Herbicide Market by Formulation
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Dicamba Herbicide Market Overview
11.3.2 Asia-Pacific Dicamba Herbicide Market Forecasts and Analysis
11.3.3 Asia-Pacific Dicamba Herbicide Market Forecasts and Analysis - By Physical Form
11.3.4 Asia-Pacific Dicamba Herbicide Market Forecasts and Analysis - By Time of Application
11.3.5 Asia-Pacific Dicamba Herbicide Market Forecasts and Analysis - By Crop Type
11.3.6 Asia-Pacific Dicamba Herbicide Market Forecasts and Analysis - By Formulation
11.3.7 Asia-Pacific Dicamba Herbicide Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Dicamba Herbicide Market
11.3.7.1.1 Australia Dicamba Herbicide Market by Physical Form
11.3.7.1.2 Australia Dicamba Herbicide Market by Time of Application
11.3.7.1.3 Australia Dicamba Herbicide Market by Crop Type
11.3.7.1.4 Australia Dicamba Herbicide Market by Formulation
11.3.7.2 China Dicamba Herbicide Market
11.3.7.2.1 China Dicamba Herbicide Market by Physical Form
11.3.7.2.2 China Dicamba Herbicide Market by Time of Application
11.3.7.2.3 China Dicamba Herbicide Market by Crop Type
11.3.7.2.4 China Dicamba Herbicide Market by Formulation
11.3.7.3 India Dicamba Herbicide Market
11.3.7.3.1 India Dicamba Herbicide Market by Physical Form
11.3.7.3.2 India Dicamba Herbicide Market by Time of Application
11.3.7.3.3 India Dicamba Herbicide Market by Crop Type
11.3.7.3.4 India Dicamba Herbicide Market by Formulation
11.3.7.4 Japan Dicamba Herbicide Market
11.3.7.4.1 Japan Dicamba Herbicide Market by Physical Form
11.3.7.4.2 Japan Dicamba Herbicide Market by Time of Application
11.3.7.4.3 Japan Dicamba Herbicide Market by Crop Type
11.3.7.4.4 Japan Dicamba Herbicide Market by Formulation
11.3.7.5 South Korea Dicamba Herbicide Market
11.3.7.5.1 South Korea Dicamba Herbicide Market by Physical Form
11.3.7.5.2 South Korea Dicamba Herbicide Market by Time of Application
11.3.7.5.3 South Korea Dicamba Herbicide Market by Crop Type
11.3.7.5.4 South Korea Dicamba Herbicide Market by Formulation
11.3.7.6 Rest of Asia-Pacific Dicamba Herbicide Market
11.3.7.6.1 Rest of Asia-Pacific Dicamba Herbicide Market by Physical Form
11.3.7.6.2 Rest of Asia-Pacific Dicamba Herbicide Market by Time of Application
11.3.7.6.3 Rest of Asia-Pacific Dicamba Herbicide Market by Crop Type
11.3.7.6.4 Rest of Asia-Pacific Dicamba Herbicide Market by Formulation
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Dicamba Herbicide Market Overview
11.4.2 Middle East and Africa Dicamba Herbicide Market Forecasts and Analysis
11.4.3 Middle East and Africa Dicamba Herbicide Market Forecasts and Analysis - By Physical Form
11.4.4 Middle East and Africa Dicamba Herbicide Market Forecasts and Analysis - By Time of Application
11.4.5 Middle East and Africa Dicamba Herbicide Market Forecasts and Analysis - By Crop Type
11.4.6 Middle East and Africa Dicamba Herbicide Market Forecasts and Analysis - By Formulation
11.4.7 Middle East and Africa Dicamba Herbicide Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Dicamba Herbicide Market
11.4.7.1.1 South Africa Dicamba Herbicide Market by Physical Form
11.4.7.1.2 South Africa Dicamba Herbicide Market by Time of Application
11.4.7.1.3 South Africa Dicamba Herbicide Market by Crop Type
11.4.7.1.4 South Africa Dicamba Herbicide Market by Formulation
11.4.7.2 Saudi Arabia Dicamba Herbicide Market
11.4.7.2.1 Saudi Arabia Dicamba Herbicide Market by Physical Form
11.4.7.2.2 Saudi Arabia Dicamba Herbicide Market by Time of Application
11.4.7.2.3 Saudi Arabia Dicamba Herbicide Market by Crop Type
11.4.7.2.4 Saudi Arabia Dicamba Herbicide Market by Formulation
11.4.7.3 U.A.E Dicamba Herbicide Market
11.4.7.3.1 U.A.E Dicamba Herbicide Market by Physical Form
11.4.7.3.2 U.A.E Dicamba Herbicide Market by Time of Application
11.4.7.3.3 U.A.E Dicamba Herbicide Market by Crop Type
11.4.7.3.4 U.A.E Dicamba Herbicide Market by Formulation
11.4.7.4 Rest of Middle East and Africa Dicamba Herbicide Market
11.4.7.4.1 Rest of Middle East and Africa Dicamba Herbicide Market by Physical Form
11.4.7.4.2 Rest of Middle East and Africa Dicamba Herbicide Market by Time of Application
11.4.7.4.3 Rest of Middle East and Africa Dicamba Herbicide Market by Crop Type
11.4.7.4.4 Rest of Middle East and Africa Dicamba Herbicide Market by Formulation
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Dicamba Herbicide Market Overview
11.5.2 South and Central America Dicamba Herbicide Market Forecasts and Analysis
11.5.3 South and Central America Dicamba Herbicide Market Forecasts and Analysis - By Physical Form
11.5.4 South and Central America Dicamba Herbicide Market Forecasts and Analysis - By Time of Application
11.5.5 South and Central America Dicamba Herbicide Market Forecasts and Analysis - By Crop Type
11.5.6 South and Central America Dicamba Herbicide Market Forecasts and Analysis - By Formulation
11.5.7 South and Central America Dicamba Herbicide Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Dicamba Herbicide Market
11.5.7.1.1 Brazil Dicamba Herbicide Market by Physical Form
11.5.7.1.2 Brazil Dicamba Herbicide Market by Time of Application
11.5.7.1.3 Brazil Dicamba Herbicide Market by Crop Type
11.5.7.1.4 Brazil Dicamba Herbicide Market by Formulation
11.5.7.2 Argentina Dicamba Herbicide Market
11.5.7.2.1 Argentina Dicamba Herbicide Market by Physical Form
11.5.7.2.2 Argentina Dicamba Herbicide Market by Time of Application
11.5.7.2.3 Argentina Dicamba Herbicide Market by Crop Type
11.5.7.2.4 Argentina Dicamba Herbicide Market by Formulation
11.5.7.3 Rest of South and Central America Dicamba Herbicide Market
11.5.7.3.1 Rest of South and Central America Dicamba Herbicide Market by Physical Form
11.5.7.3.2 Rest of South and Central America Dicamba Herbicide Market by Time of Application
11.5.7.3.3 Rest of South and Central America Dicamba Herbicide Market by Crop Type
11.5.7.3.4 Rest of South and Central America Dicamba Herbicide Market by Formulation
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. DICAMBA HERBICIDE MARKET, KEY COMPANY PROFILES
13.1. ALBAUGH, INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BASF SE
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. BAYER CROPSCIENCE AG
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. E.I. DUPONT DE NEMOURS AND COMPANY
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. HELENA CHEMICAL COMPANY
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MONSANTO COMPANY
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. NUFARM LIMITED
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SYNGENTA AG
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. THE ANDERSONS, INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. THE DOW CHEMICAL COMPANY
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Albaugh, Inc.
2. BASF SE
3. Bayer Cropscience AG
4. E.I. Dupont De Nemours and Company
5. Helena Chemical Company
6. Monsanto Company
7. Nufarm Limited
8. Syngenta AG
9. The Andersons, Inc.
10. The DOW Chemical Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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