Glyphosate Market Size, Share & Industry Analysis, By Crop Type (Genetically Modified Crops, Conventional Crops), By Form (Dry, Liquid), By Application (Agriculture, Non- Agriculture) and Regional Forecast, 2024-2032

Glyphosate is a derivative of amino acid glycine and has low toxicity content. It is an organophosphorus compound and a harvest desiccant that provides negligible herbicidal activity in the soil and is used for crop production and foliar spray applications. It is used to prevent the growth of fungi and destroy grasses and broadleaf weeds that strive with crops. Additionally, glyphosate aids in stimulating plant growth & supports the growth of certain crops such as corn, soybean, berry, canola, cotton, and crops. Further, availablity of glyphosate in various formulation such as solid form, liquid concentrate, and ready-to-use liquid, will fuel the product adoption.The increasing glyphosate usage in soil enhancement is likely to propel the growth of the glyphosate market.

The growth is attributed to the rising preference of glyphosate to protect fertility, water quality, and soil erosion. Also, its benefits over the mechanical tillage system including less soil & environment degradation and low cost will further support the glyphosate market expansion. Moreover, rising demand for glyphosate in the agriculture sector, owing to its use to prevent the growth of unwanted broadleaf weed and enhance agricultural production will drive the market during the forecast period.

However, overdosage of glyphosate can cause several severe health issues to humans such as birth defects, liver disease, and reproductive problems in laboratory animals. Further, many controversies related to genetically engineered crops, is anticipated to restrain the market growth.

Market Segmentation:

Based on crop type, the glyphosate market is segmented into genetically modified crops and conventional crops. Based on form, the market is segmented into dry and liquid. Based on application, the market is classified into agriculture and non- agriculture. From a geographical standpoint, the glyphosate industry is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Glyphosate Market Key Players Covered:

The key players in the glyphosate market includes-

• Monsanto


• Bayer AG


• Syngenta AG


• The Dow Chemical Company


• DuPont


• Nufarm Limited


• Nantong Jiangshan Agrochemical & Chemicals Limited Liability Co.


• Adama Agricultural Solutions Ltd


• UPL Limited


• Zhejiang Xinan Chemical Industrial Group Co., Ltd.


• Others

Key Insights

• Key Emerging Trends – For Major Countries


• Key Developments: Mergers, Acquisition, Partnership, etc.


• Latest Technological Advancement


• Insights on Regulatory Scenarios


• Porters Five Forces Analysis

Regional Analysis:

The glyphosate market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for the highest revenue share during the forecast period. The rising adoption of modern agriculture practices, adoption of genetically modified crops, and high prevalence of weed growth in the region have contributed to the growth of the market. North America is the second largest contributor for glyphosate Industry. The growth is attributed to the robust agricultural support programs by several agencies such as EPA and FAO to address rising concerns and consumer consciousness on health effects and environment of glyphosates. In Europe, the UK and Germany are the leading contributors, owing to rising agriculture sector in this region. The Middle East & Africa is accounted for signification growth, due to increasing demand of glyphosate for soil enhancement.

Segmentation

Glyphosate Industry Developments

• In March 2019, Bayer AG introduced glyphosate-free residual herbicide in Ireland. The new product launch will help the company to expand its product offerings.