“The Global Diquat Dibromide Market is expected to grow at a CAGR of 7% during the forecasting period (2021 – 2028)”.
Diquat dibromide is a desiccant contact and an herbicide legal with the aid of the EU. It is relatively water-soluble, has a low risk of leaching into groundwater, and is volatile. It is very solid in soil but degrades unexpectedly in aquatic environments. It is used to desiccate potato vines and seed plants, control sugarcane growing, and govern commercial and aquatic weeds. It is not residual; that is, there is no residue of herbicide left on or in plants, soil, or water. Moreover, the low availability of arable land and higher consumption of plant-based products opens the doors for brand new players in conjunction with the profitable opportunities for the existing market players in the international Diquat Dibromide marketplace.
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The developing want for improving agricultural yield thanks to surging food call for and reducing arable land is the most important issue driving the global Diquat Dibromide market. Arable land is constantly declining with urbanization, soil degradation, climatic modifications, and some other elements. This has resulted in the need for boosting agricultural productivity, thereby driving the use of powerful farming materials. Moreover, the developing want for pest control in agriculture as a result of excellent concerns of agricultural produce is, in addition, boosting the call for diquat dibromide throughout the globe. Additionally, increasing exertions prices and a labor scarcity also are supporting the increase of the global Diquat Dibromide marketplace.
However, stringent government regulations imposed overusing unique herbicides because of their damaging environmental and human fitness outcomes are the most important thing hindering the increase of the global Diquat Dibromide Market. In October 2018, the EU Commission has decided no longer to resume the approval of diquat primarily based on worries associated with the publicity of bystanders, citizens, and birds.
By Crop Type
Middle East and Africa
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.