Data Bridge Market Research analyses that the Defoliant Market will project a compound annual growth rate (CAGR) of 5.70% during the forecast period of 2021-2028. Growth in the demand for food and beverages owing to ever-rising population, rise in production of cereals and grains particularly in the developing economies, and rapidly increasing industry competitiveness are attributable to the growth of defoliant market. This means that the defoliant market value, which was USD 17.00 billion in 2020 will climb up to USD 26.48 billion by the year 2028.
Defoliant is a herbicidal chemical that is sprayed on the plants that causes leaves to fall off. In crop harvesting, the defoliants are dusted over the crops such as cotton crops in order to facilitate harvesting. The major aim behind the application of defoliant chemicals over the crops is to get rid of weeds, unrequired vegetation, and other unwanted growing. In other words, the application of defoliant chemicals over the crops results in killing the plants those are not required. Defoliant chemicals are widely used in managing the crop lands and lawns and landscape turf management.
Rising pressure on global food supply will emerge as the major factor fostering the growth of defoliant market. Rise in venture funding for the development of agricultural products and increasing availability of fertilizers, pesticides, herbicides, and other chemicals are other factors fostering the growth of defoliant market. Growth and expansion of fertilizers industry especially in the developing economies coupled with increasing personal disposable income, will further create lucrative and remunerative growth opportunities for the defoliant market. Rising industrialization and globalization will also carve the way for the growth of the defoliant market.
However, rising environmental concerns and awareness regarding the harmful effects on soil health will pose a major challenge to the growth of defoliant market. Also, stringent regulations imposed by the government on the use of synthetic chemicals and fertilizers will further slowdown the defoliant market growth rate. Harmful effects on the human health such as eye irritation, rhinitis, throat irritation, and nausea will further derail the defoliant market growth rate.
This defoliant market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on defoliant market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Defoliant Market Scope and Market Size
The global defoliant market is segmented on the basis of product type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• Based on the product type, the defoliant market is segmented into purity 20%, purity 50%, purity 80%, and other.
• Based on the application, the defoliant market is segmented into farm land, fruit tree, experiment, and other.
Defoliant Market Country Level Analysis
The global defoliant market is analyses and market size, volume information is provided by country by product type and application as referenced above.
The countries covered in the defoliant market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the agriculture drones market and will continue to flourish its dominance during the forecast period owing to the rising adoption of chemicals and fertilizers for crop protection. Asia-Pacific region is undergoing substantial gains, and the region is set to project the highest CAGR for the forecast period owing to the growing agricultural production and ever-rising population in this region.
The country section of the defoliant market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Defoliant Market Share Analysis
The global defoliant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to defoliant market.
The major players covered in the defoliant market report are BASF SE, Bayer AG, Novozymes, Syngenta, Valent BioSciences LLC, Dow., DuPont, China National Chemical Corporation, FMC Corporation, Drexel Chemical Company, Nissan Chemical Corporation, EuroChem Group, Nufarm Canada, ROTAM., Dormiente, AMVAC Chemical Corporation., ADAMA. And Corteva. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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