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Glyphosate Market Share

ID: MRFR//4285-HCR | 139 Pages | Author: Sakshi Gupta| May 2024

The Glyphosate Market's landscape is changing with global agriculture, and the herbicide business has come under intense scrutiny. The rising trend is seen in the demand for alternative products to glyphosate, which is a very common herbicide. Farmers, as well as regulatory authorities, have been pushed into looking at alternative weed control mechanisms due to environmental concerns, health risks, and herbicide-resistant weeds, amongst others. The other trend in the Glyphosate Market is that glyphosate-resistant crop technologies have evolved. Although glyphosate-resistant crops were initially praised because of their efficacy in controlling weeds, there has been an increase in weed populations that are resistant to this chemical, which has posed problems. That has resulted in the development of next-generation crop technologies such as multi-herbicide tolerant crops or those with enhanced resistance traits.
The increasing awareness of sustainability and environmental factors is also influencing glyphosate market trends. A major emphasis on sustainable and eco-friendly agricultural practices from consumers and stakeholders will go a long way toward reducing the overall environmental impact of using herbicides. Globalization in agriculture affects the market trends of glyphosate. With farming now extending across various regions and climates, a need arises for formulations of glyphosates adaptable to different conditions. Makers are adjusting their product formulations to meet the diverse needs of farmers within different agroecosystems owing to the global nature of the Glyphosate Market. This means that these products must be able to work on many crops, countries, and soil types.
Technological progress influences the Glyphosate Market greatly. The evolution of herbicide practices occurs through innovation in precision farming, improved application technologies, and the development of new glysophate formulations. Regulations are other reasons behind the circumstances of the glyphosate market. Few countries have imposed restrictions or banned its use altogether due to increased scrutiny. Numerous countries have reported cases where they have either restricted or banned the use of glyphosates following strict legislation governing its usage. Their aim is usually directed towards addressing issues regarding environmental and health concerns. A changing regulatory environment is forcing manufacturers to spend more on research and development in order to ensure compliance with current and future regulations, as well as to create alternative products that meet emerging global requirements.

Covered Aspects:

Report Attribute/Metric	Details

Glyphosate Market Highlights:

Glyphosate Market Trends

Glyphosate Market Analysis

Glyphosate Market Share

Glyphosate Companies

Glyphosate Market Overview

Glyphosate Market Size is Anticipated to reach USD 17.5 billion by 2030 and is expected to register 6.2% CAGR by 2022 to 2030.

Glyphosates are pesticides that are used to prevent and control the growth of fungi and spore diseases. These glyphosates can be selective of specific illnesses or against multiple fungal diseases. The increasing cultivation of fruits and vegetables across the globe has boosted the market got glyphosate globally, owing to the high susceptibility of fungal diseases. Adoption of advanced farming techniques, rising instances of fungal attacks on crops, and low costs associated with the use of fungicides as compared to other methods of control have boosted the demand for glyphosate. The trend for precision farming and organic cultivation are creating new growth opportunities for fungicide manufacturers.

Glyphosate Market Segmentation

The global glyphosate market has been segmented based on application, crop type, form, and region. By application, the global glyphosate market has been segmented into agriculture, household, and industrial. The agriculture segment is further classified as cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Based on crop type, the global glyphosate market has been divided into genetically modified crops and conventional crops. Based on form, the global glyphosate market has been bifurcated into dry and liquid. The global glyphosate market has been studied with regards to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American glyphosate market has been categorized into the US, Canada, and Mexico. The European glyphosate market has been divided into Germany, France, Italy, Spain, the UK, and the rest of Europe. The glyphosate market in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The glyphosate market in the rest of the world has been segmented into South America, the Middle East, and Africa.

Key Players

ADAMA Agricultural Solutions Ltd. (Israel), Bayer Cropscience AG (Germany), DowDupont (US), Nantong Jiangshan agrochemical & Chemical, Inc (China), BASF SE (Germany), Nufarm Limited (Australia), Corteva Agriscience, Syngenta AG (Switzerland), Zhejiang Xinan Chemical Industrial Group Co.,Ltd (China), UPL Limited (India), Excel Crop Care Limited (India), American Vanguard Corporation (US), King Quenson Industry Group (China), and Sinochem Corporation (China)are some of the key players in the global glyphosate market.

Regional Market Summary

Asia-Pacific is expected to dominate the market for glyphosate during the forecast period. The high adoption of modern agriculture practices, high prevalence of weed growth, and adoption of genetically modified crops in the region have contributed to the growth of the market. The region is projected to register the highest CAGR during the forecast period. China, India, and Japan contribute significantly to the increasing demand in Asia-Pacific. North America is the second-largest market for glyphosate.

Recent Development News

16 November 2023. The Appeal Committee did not deliver an opinion (i.e. there was no qualified majority either in favour or against the Commission's proposal).On 28 November 2023, the European Commission adopted the Implementing Regulation to renew, for 10 years, the approval of glyphosate. This is in line with the EU's legislation which obliges the Commission to adopt an Implementing Regulation when no qualified majority, either in favor or against, is reached in the Standing Committee and in the Appeal Committee, as in the case of glyphosate

Global Glyphosate Market, by Application

Agriculture
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others

Household

Industrial

Global Glyphosate Market, by Crop Type

Genetically Modified Crops

Conventional Crops

Global Glyphosate Market, by Form

Liquid

Global Glyphosate Market, by Region

North America
- US
- Canada
- Mexico

Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe

Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific

Rest of the World (RoW)
- South America
- Middle East
- Africa

Intended Audience

Glyphosate manufacturers

Herbicide manufacturers

Agrochemical manufacturers

Dealers and distributors

Raw material suppliers and distributors

Traders, exporters, and importers

Glyphosate Companies

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