The key players identified in the global dicamba market include Monsanto Company (U.S.), BASF SE (Germany), Bayer CropScience AG (Germany), The Dow Chemical Company (U.S.), E.I. du Pont de Nemours and Company (U.S.), and Syngenta AG (Switzerland). Along with these companies, the other players that have a strong presence in the dicamba herbicide market include, Nufarm Limited (Australia), Helena Chemical Company (U.S.), Alligare, LLC (Israel), and Albaugh, LLC (U.S.).
The key market players have adopted strategies such as agreements, expansions & investments, acquisitions, new product & technology launches, collaborations, and joint ventures to increase their market presence and revenue generation. Leading players focus on strengthening their R&D proficiencies by capitalizing in advanced technologies and entering into R&D agreements with other companies to develop diversified product portfolio of dicamba herbicide products.
The core strengths of the key players in this market are agreements, collaborations, joint ventures, and partnerships to expand their business geographically. The global players have established large distribution networks across the world and are following extensive cross-selling marketing strategies. Market leaders such as Monsanto, Bayer CropScience AG (Germany), the Dow Chemical Company, and E.I. du Pont de Nemours and Company (U.S.) have successfully tapped the potential markets through the development of innovative products, partnership agreements, and expansions. These key companies focus on introducing and offering a wide range of dicamba herbicide products on a regional as well as a global level to strengthen and expand their position in the dicamba herbicide market.
In 2015, BASF and Evogene Ltd. (Israel) signed an agreement for three years. As per the agreement, the two companies would collaborate for the development and innovation in the field of herbicides. BASF SE is a leading company offering a wide range of agricultural solutions with a diversified product portfolio in the crop protection chemicals market. The company also adopted expansions and agreements as its growth strategies to expand its business in the field of dicamba herbicide.
Another key player, Dow Chemical Co. got the U.S. approval for its Enlist Duo weed killer, which cleared the way for sales of corn and soybeans genetically engineered to tolerate the herbicide. It would increase the product portfolio of the company thus increasing the profitability of the company. Along with this, in January 2016, it introduced a new herbicide named Loyant. Thus, the company is engaged in new product developments, thereby increasing its product portfolio.
E. I. du Pont de Nemours and Company (U.S.) has a strong presence in the dicamba herbicide market. In July 2016, it signed an agreement with Monsanto for the supply of dicamba herbicide in the U.S. and Canada. The new product would be sold by the name of DuPont FeXapan herbicide plus VaporGrip Technology. The chemical found its application with Monsanto's Roundup Ready 2 Xtend soybeans, which were grown on approximately 1 million acres in the U.S.
Dicamba Herbicide Market by Crop Type (Cereals & Grains, Oilseeds & Pulses, and Pastures & Forage Crops), Formulation (Acid and Salt), Physical Form (Dry and Liquid), & Time of Application (Pre- and Post-Emergence) - Global Forecast to 2022
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