Global 2-Methyl-4-Chlorophenoxyacetic Acid (MCPA) Pesticide Market, By Application (Cereal, Fruits, Plantation Crops, Vegetables, Ornamental Crops, Others), Pesticide Combination (2, 4-D, Dicamba, MCPB, Bromoxynil, Mecoprop, Bentazone) – Industry Trends and Forecast to 2029
Market Analysis and Size
In terms of regulatory interventions for safe farming and overall farming culture and practices, the agricultural sector has made remarkable progress worldwide. Growing food demand has prompted agrochemical-based institutions to improve their products and transition to greener alternatives by investing in research. Companies in the industry have been commercializing bio-based chemicals derived from plants, minerals, bacteria and animals.
Data Bridge Market Research analyses that the 2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticide market was valued at USD 11.9 billion in 2021 and is expected to reach the value of USD 13.68 billion by 2029, at a CAGR of 4.00% during the forecast period of 2022 to 2029.
Market Definition
MCPA pesticide is a chemical compound made up of MCPA (2-methyl-4-chlorophenoxyacetic acid), a dry-powdered herbicide that is combined with various pesticides to achieve different effects on crops. This chemical compound is dangerously toxic, despite protecting crops and plants from weeds and promoting unrestricted plant growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Application (Cereal, Fruits, Plantation Crops, Vegetables, Ornamental Crops, Others), Pesticide Combination (2, 4-D, Dicamba, MCPB, Bromoxynil, Mecoprop, Bentazone)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Bayer AG (Germany), BASF SE (Germany), Yara (Norway), Compass Minerals (US) Syngenta Crop Protection AG (Switzerland) ADAMA (Israel), Sumitomo Chemicals Co., Ltd. (Japan), Nufarm (Australia), UPL (India), K+S Aktiengesellschaft (Germany), and ICL (Israel)
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Opportunities
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2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticide Market Dynamics
Drivers
- Rising emphasis on food security
The increased emphasis on food security has facilitated the adoption of new techniques for the efficient cultivation of mixed crops and crop yield enhancement. Furthermore, the agriculture sector has seen an increase in awareness about the harmful chemicals in pesticides and the need for developing sustainable chemicals from plant, animal, mineral, and bacterial sources, reducing soil pollution and agricultural produce contamination.
- Rising standards on global agricultural techniques
The future growth of the MCPA pesticides market is heavily reliant on global agricultural standards harmonization and the implementation of sustainable farming practices in emerging economies worldwide. According to empirical data on global farming and agricultural yields, the demand for food products is expected to rise significantly in the coming years, increasing crop demand. These factors are expected to drive up the global need for pesticides and other crop care products.
Opportunity
The primary two driving factors for the global MCPA pesticides market are changing climatic conditions, diminishing arable land, and rising food demand. Despite various government policies limiting herbicide use, integrated pest management is paving the way for pest management that does not harm the environment. This provides herbicide manufacturers with an excellent opportunity to capitalize on market opportunities.
Restraints
Lack of awareness among small-scale livestock producers will act as a restraint, posing additional challenges to the growth. Adverse effects of pesticides and stringent regulations would further hamper market growth.
This 2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticide market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the 2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on 2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticide Market
There are numerous challenges facing herbicide manufacturers globally due to the severe COVID-19 pandemic situation that is currently prevailing around the world. Including work resumption delays or even production suspension, delayed logistics, raw material shortages, and limited import and export activities all pose an unprecedented challenge to herbicide manufacturers regarding emergency response-ability. However, with accelerating integration in the pesticide industry, including herbicides, large-scale manufacturers demonstrate excellent capability in the face of the epidemic, particularly those that strengthen their competitiveness and produce upstream and downstream intermediates, which is expected to boost market growth.
Recent Development
- Monsanto invested USD 975 million in September 2016 to establish a manufacturing facility in Luling, Louisiana, US, to become a leading producer of the herbicide dicamba.
- In July 2016, DuPont and Monsanto (US) agreed to supply dicamba herbicides in the United States and Canada. DuPont FeXapan herbicide with VaporGrip technology was introduced as the new product. The chemical would be used with Monsanto's Roundup Ready 2 Xtend soybeans, grown on approximately 1 million acres in the United States.
- BASF established an agricultural research center in Pune, India, in May 2015. Herbicides, insecticides, and fungicides would be the focus of this center.
- Monsanto Company acquired The Climate Corporation (US) in November 2015 intending to provide technology-based solutions and agricultural products.
Global 2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticide Market Scope
The 2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticide market is segmented on the basis of application and pesticide combinations. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Cereal
- Fruits
- Plantation Crops
- Vegetables
- Ornamental Crops
- Others
On the basis of application, the 2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticide market is segmented into cereal, fruits, plantation crops, vegetables, ornamental crops, others
Pesticides combination
- 2,4-D
- Dicamba
- MCPB
- Bromoxynil
- Mecoprop
- Bentazonels
Based on form, the 2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticide market is segmented into 2, 4-d, dicamba, MCPB, bromoxynil, mecoprop and bentazone.
2-Methyl-4-Chlorophenoxyacetic Acid (MCPA) Pesticide Market Regional Analysis/Insights
The 2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticide market is analyzed and market size insights and trends are provided by country, application and pesticide combination, as referenced above.
The countries covered in the 2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticide market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is one of the world's largest consumers of crop protection chemicals. Emerging economies like India, Indonesia, China, Malaysia, the Philippines, and Thailand have boosted regional demand. Economic development has paved the way for advanced technological interventions, particularly in Western Asia. India and China have established themselves as agricultural powerhouses and are also members of the region's high export community.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
Competitive Landscape and 2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticide Market Share Analysis
The 2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticides 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 on the 2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticide market.
Some of the major players operating in the 2-methyl-4-chlorophenoxyacetic acid (MCPA) pesticide market are:
- Bayer AG(Germany)
- BASF SE(Germany)
- Yara (Norway)
- Compass Minerals (US)
- Syngenta Crop Protection AG (Switzerland)
- ADAMA (Israel)
- Sumitomo Chemicals Co., Ltd. (Japan)
- Nufarm (Australia)
- UPL (India)
- K+S Aktiengesellschaft (Germany)
- ICL (Israel)
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