To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information

I Agree

Diquat Market

Diquat Market Analysis, By Product Type (Diquat Dibromide and Diquat Dichloride), By Form (Crystalline and Liquid), By End-Use Verticals (Water Treatment, Agriculture, Others), and Region - Global Market Insights 2023 to 2033

Analysis of Diquat Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Diquat Market Outlook

The global diquat market is valued to be US$ 2.2 billion in 2023 and it is anticipated to grow at a CAGR of 4.6% to reach US$ 3.5 billion by the end of 2033.

Diquat is a chemical used as a herbicide that has applications in managing aquatic or marine weeds in public water bodies such as lakes, rivers, ponds, marshes, bayous, reservoirs, canals, drainage ditches, streams, and other slow-moving or quiescent bodies of water.

Report Attributes

Details

Market Size (2022A)

US$ 2.1 Billion

Estimated Market Value (2023E)

US$ 2.2 Billion

Forecasted Market Value (2033F)

US$ 3.5 Billion

Global Market Growth Rate (2023-2033)

~4.6% CAGR

North America Market Share (2023)

~13.1%

East Asia Market Growth Rate (2023-2033)

~5.0% CAGR

Key Companies Profiled

  • Aceto
  • Alligare
  • Syngenta
  • YongNong BioSciences CO., LTD.

Don't Need a Global Report?

Save 40% on Country & Region specific reports

Historic and Future Pathway Analysis for the Diquat Market

Diquat is a herbicide and is also used as a desiccant. Diquat gaining traction across water treatment plants due to its herbicide properties checking aquatic weed growth and supporting aquatic biome. Further, the growing vegan population supports agricultural growth especially across India and china, owing to this, the efforts towards improving the overall agricultural production capacity bolster the consumption of diquat in the APAC region.

Diquat is spread over the weeds and needs to be removed, as diquat inhibits the growth of the part it comes in contact with. Thus, the use of diquat does not affect whole cultivation. The aforementioned factors are augmenting the market's growth.

  • Short Term (2023-2026): Veganism to pullulate the agricultural activities and pave the way for the market growth.
  • Medium Term (2026-2029): Asia Pacific is anticipated to witness high diquat demand on the back of the per-capita water demand and wastewater treatment initiatives to meet the growing demand for water.
  • Long Term (2029-2033): Vertical farming and aquaponics to create lucrative opportunities for the market’s growth.

According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 4.6% CAGR between 2023 and 2033.

Diquat Market Forecast by Fact.MR

Market share analysis of diquat based on product type and region is provided in a nutshell in the above image. Under the product type segment, the diquat dibromide sub-segment dominates with an 86.7% market share in 2023.

“Veganism: A Trend to Drive Diquat Sales”

With the growing veganism, there is a huge demand for plant-based products such as milk, chocolate, food, leather, and others. In order to, meet the surging demand for vegan solutions, market players are investing in R&D and developing vegan products. For instance, Nestle's pea-based milk and Hershey's vegan chocolate bars are made with a base of oat milk. Hence, veganism is gaining traction. About 79.0 million people are vegan across the globe in 2021 and are estimated that the vegan population will multiply during the forecast period.

  • For instance, there is a 17.0% increase in vegan food delivery orders, specifically, plant-based burger orders increased by 28.0%, and vegetarian orders increased by 55.0%. Thus, in order to meet the demand of the vegan population the agriculture sector witnessed high demand and growth opportunities.

India and China are among the major economies with high population and prominent agriculture industry growth opportunities. Hence, the demand for the diquat is anticipated to increase across APAC in forthcoming years.

Diquat act as a powerful herbicide that eliminates weed growth and enhances the output of overall agricultural production. Further, diquat is also used as a plant desiccant, which improves crop uniformity, desiccates weeds and green tissue, and increases harvest efficiency. The aforementioned factors positively influence the demand for the diquat market.

“Presence of Suitable Alternative to Hamper Diquat Consumption”

Diquat is ineffective on perennials, hardy grasses, or some very well-established weeds. It may affect the growth of the perennials but are inefficient to kill them. Further, diquat is a mildly toxic substance to mammals when ingested and is irritating to the skin, eyes, and respiratory system. After consumption, it enters the body rapidly and damages multiple organs' cellular structures.

Although it doesn't have any known carcinogenic components, it may have an impact on the stomach, intestines, liver, and kidneys. On the back of the aforementioned facts, diquat use is banned in European Union. This, in turn, hampers the diquat consumption and market growth.

Also, the presence of glyphosate challenges the market's growth over the forecast period. As glyphosate is safer as compared to diquat. It functions by inhibiting the plant enzyme EPSP, which is necessary for the synthesis of amino acids in plants. EPSP is absent in mammals, this indicates that it isn't toxic to both humans and animals.

It is difficult for glyphosate to enter groundwater systems as it adheres firmly to soil particles and is eventually broken down by soil bacteria. Consequently, have higher adoption rates than diquat, which is limiting the expansion of the diquat market.

Diquat Market

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

Country-wise Insights

What are the Factors Driving Diquat Demand Across the US?

Growing vertical farming across the US, the demand for the diquat increases to eliminate the growth of the weed in the unattended plants in upper sections. Over the period, with the growing population and rising demand for food in inefficient land, vertical farming is a solution to such problems as it requires vertical spaces and improves overall output.

Such farming takes place in a controlled and required environment, thus, has fewer chances of production loss. This, in turn, creates high growth opportunities for the diquat market.

Why is the China Diquat Market Expected to Be Highly Lucrative?

China is a nation with abundant agricultural resources and a sizable rural population, in addition to a long history of farming and practice of intensive cultivation, which makes China is leading country in agriculture and creates lucrative opportunities for the sales growth of diquat.

Further, the advancement of agriculture has always been a top priority for the Chinese government. Since 1978, China has implemented a policy of gradual reform and opening up, hastening the development and reform of agriculture.

  • The government has adhered to a policy of giving priority to work in agriculture, rural areas, and farmers, especially in recent years. With less than 10% of the world's arable land, China has managed to feed one-fifth of the world's population and produce one-fourth of the world's grain, which is a significant accomplishment in the quest for food and nutrition security not only in China but also globally.

Hence, with the flourishing agricultural sector China also witnesses weed issues, and in order to overcome that use of diquat is increasing. Additionally, the presence of major market players in China offers immense growth opportunities to the market.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Category-wise Insights

Why is Liquid Dominating the Market?

Based on the form, the segment is bifurcated into liquid and crystalline. The liquid is easy to spray and does not require additional efforts of mixing and preparing a solution, thus, limiting human contact. It is available in a variety of packaging ready-to-use. Spraying liquid ease the work and covers a wide area as compared to powder. Such factors drive the liquid form growth.

Will Market Growth Be Led by the Agriculture End-use?

The diquat is used to clean wastewater from duckweeds and related plants or weeds, which pollute the water body or absorb dissolved oxygen negatively affecting the aquatic biome. Further, diquat has a huge adoption across emerging economies as an effective chemical in wastewater treatment.

  • In addition, in India's environmental technology segment, wastewater management is a profitable industry. By 2030, it is anticipated that India's water demand will be twice as high as its supply.

Public and private institutions have ambitious plans to create extensive water and wastewater treatment and distribution infrastructure in order to meet these challenges. In India, there is an increase in demand for sophisticated water treatment methods.

  • The market for water and wastewater treatment in India is anticipated to grow from US$ 1.3 billion in 2020 to US$ 2.1 billion in 2025 at a CAGR of 9.7%.

Hence, the huge investment in wastewater treatment across India bolsters the demand for the diquat to overcome the challenge of removing aquatic weeds.

Eminent Players Key Stratagems

Prominent diquat manufacturers are Aceto, Alligare, Syngenta, and YongNong BioSciences CO., LTD, among others.

Manufacturers are inclined towards adopting sustainable manufacturing processes to follow stringent guidelines. Further, the development of standard product meeting end-use requirements augments the diquat growth. Further, enhancing sales channels to improve the overall profit margins of the market titans.

Fact.MR has provided detailed information about the price points of key manufacturers of diquat positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Diquat Industry Research

  • By Product Type :

    • Diquat Dibromide
    • Diquat Dichloride
  • By Form :

    • Crystalline
    • Liquid
  • By End-Use Verticals :

    • Water Treatment
    • Agriculture
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- Premium Report Details -

Diquat Market

- Let's Connect -

Talk To an Expert Today Connect

- Get Started -

Get insights that lead to new growth opportunities

Buy Now

Get A Special pricing for start-ups and universities

Enquiry Before Buying

- Humble, Yet Honored -

Our prestigious clients

- Research Methodology -

An Adaptive Approach to Modern-day Research Needs

Get Methodology

- FAQs -

Diquat market is expected to be at US$ 2.2 billion in 2023.

Diquat Dibromide is estimated to account for 86.7% share of global sales in 2023.

East Asia in the global diquat market is anticipated to account for 31.2% market share in 2023.

The regions included in the diquat market study include North America, Latin America, MEA, South Asia & Oceania, East Asia, and Europe.

The global diquat market is valued at US$ 2.1 billion in 2022.

Exclusive Report

Need An Exclusive Report For Your Unique Requirement?

Google translate