2,4-D Market Size, Share, Outlook, and Opportunity Analysis, 2022-2028

 

2,4-D Market 

In order to eradicate weeds like bull thistle, cocklebur, dandelions, clover, plantain, morning glory, and chickweed, 2,4-Dichlorophenoxyacetic acid (2,4-D) is used as a herbicide. Broadleaf weeds are killed by 2,4-D by causing unruly and uncontrolled plant growth, which kills the weeds. In order to protect crop quality, increase food production, and manage noxious and invasive weeds on roads, parks, forests, and grasslands, 2,4-D is used as a herbicide in agriculture. Additionally, it helps maintain soft turf and protects grasses from weeds in lawn and turf management. The 2,4-D market is anticipated to grow globally as a result of the 2,4-D's diverse range of applications.

Global demand for effective herbicides like 2,4-D is increasing due to the adoption of good agricultural practises worldwide and the rising demand for food as a result of population growth. For instance, 37% of the world's land area was used by agriculture in 2017, according to a report from the Food and Agricultural Organization (FAO). Additionally, the FAO forecast predicts a 55% increase in global crop production between 1999 and 2030. Over the course of the forecast period, this is then anticipated to fuel the growth of the global 2,4-D market. Numerous cereal crops, including wheat, rice, oats, and corn, use 2,4-D as an herbicide. The global 2,4-D market is anticipated to grow as cereal production rises.

In 2018, the United States had the largest market share in North America for 2,4-D. This is due to the increased demand for pesticides like herbicides in this area. For instance, the Pesticide Action Network North America estimates that in 2012, the United States used 564 million pounds of herbicides. According to the Pesticide Action Network North America, the top 5 pesticides in the United States in 2012 were glyphosate, atrazine, metolachlor-S, dichloropropene, and 2,4-D.