Market Overview

2,4-Dichlorophenoxyacetic acid (2,4-D) is used as a herbicide for killing weeds such as bull thistle, cocklebur, dandelions, clover, plantain, morning glory, and chickweed among others. 2,4-D kills broadleaf weeds by causing disorganized and uncontrolled plant growth, which results in death of weeds.

2,4-D is used as 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.

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Market Dynamics

Rising good agricultural practices across the globe along with growing demand for food due to growing population is fueling demand for efficient herbicides such as 2,4-D globally. For instance, according to the Food and Agricultural Organization (FAO) report, in 2017, agriculture activities utilized 37% of the global land area. Moreover, according to FAO forecast, the world crop production is expected to increase by 55% from 1999 to 2030. This in turn is expected to drive the global 2,4-D market growth over the forecast period.

2,4-D is widely used as a herbicide in cereals crops such as wheat, rice, oats, and corn among others. Growing cereal production is expected to drive growth of the global 2,4-D market. 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.

Market Taxonomy:-

On the basis of crop type, the global 2,4-D market is segmented into:

Cereals & Grains

Fruits & Vegetables

Oilseeds

Turf & Lawns

Others


On the basis of formulation, the global 2,4-D market is segmented into:

Amine

Ester

Others


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Key players operating in the global 2,4-D market include Aero Agro Chemical Industries Limited, Corteva, Inc., BASF SE, Nufarm Ltd. ADAMA Ltd., Cayman Chemical Company, Albaugh, LLC, Syngenta AG, Sikko Industries Limited, and Monsanto Company.

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