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Feb
07

Global Decamba Market Status and Prospect, Forecast 2018 to 2026

Global Decamba Market Status and Prospect, Forecast 2018 to 2026

Decamba is a chlorinated organic herbicide derived from benzoic acid. It can be applied to leaves or to the soil to control growth of perennial weeds in croplands. In combination with a phenoxyalkanoic acid or other herbicide, decamba is used in pastures, rangelands, and non-crop areas (fence-rows, roadways and wastage) to control weeds.

Increasing use of decamba herbicides in agriculture sector in order to minimize loss of crop, and maintain crop insect free and secure are key factors driving growth of the global decamba market. Additionally, increasing use of decamba for alternative to glyphosate is a major factor expected to boost growth of the global decamba over the forecast period. Decamba is also used as a mix with other herbicides for soybean production which is another major factor anticipated to fuel growth to the global decamba market.

However, high toxicity and volatility of decamba may lead to derma infections, vomiting, and respiratory problems which are key factors restraining growth of the global decamba market. In addition, strict regulatory approvals and drift damage due to volatility of decamba are major factors expected to hamper growth of the global decamba market over the forecast period.

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The global decamba market report has been segmented on the basis of form, application, and region. On the basis of region, the global decamba market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America is a dominant player in the global decamba market and accounts for highest market share in terms of revenue as compared to that of markets in other regions. This can be attributed to increasing demand for decamba in agriculture industry and presence of major players in the market in countries in the region. The market in Europe accounts for second-highest revenue share contribution in the global market followed by markets in Latin America, Asia Pacific, and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to increasing agricultural industries in emerging economies such as China and India which in-turn is rising demand for maximum crop and secure food products.

Prominent players in the global market include, BASF SE, Monsanto Company, Bayer Crop Science, E.I. Du Pont Nemours Company, Syngenta AG, Nufram Limited, The Dow Chemical Company, SinoHarvest, Shanghai Bosman Industrial Co, Ltd., and Albaugh, LLC.

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