Press Release / Business / Glyphosate Global Industry Analysis, Size, Share, Growth, Trends, Opportunity Analysis, Forecast To 2024

Glyphosate Global Industry Analysis, Size, Share, Growth, Trends, Opportunity Analysis, Forecast To 2024

Glyphosate Market Overview

Glyphosate is an organophosphorus compound, which is extensively used as a crop desiccant and systemic herbicide. It is also used in removing weeds and grasses that hinders the growth of the plants. Glyphosate herbicides substantially help in the conservation of soil quality and resources, restores water quality and aids in the reduction of carbon dioxide emissions. These herbicides are also considered to be the most effective and efficient weed control measure across various agricultural and non-agricultural settings. Glyphosate is extensively used for olive groves, forestry, vineyards, gardens, fruit orchards, rivers, lakes and grass pastures among others. The growing use of genetically modified crops is expected to boost the demand for glyphosate in the assessed period.

Key Players

Some of the prominent players in the global Glyphosate Industry are 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)

Moreover, the growing inclination towards minimum tillage systems will further augment the demand for the product. The global glyphosate market is expected a CAGR of over 5.5% during the assessed period. Furthermore, the growing industrialization and globalization across the globe have substantially reduced the amount of arable land which is further resulting in the demand for productive soil supplements in turn propelling the growth of the global glyphosate market. The growing demand for the agricultural dependent economies is also anticipated to affect the market demand positively.

Regional Analysis

The Glyphosate market is segmented across five regions: Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific is expected to be the fastest region in 2016 and is expected to retain its dominance during the forecast period. The growing demand for agricultural produce along with the growing demand for glyphosate for the removal of weed in the agricultural firms is expected to surge the growth of the market during the forecast period. Moreover, the presence of the most populated countries has reduced the availability of arable land which is expected to further fuel the demand for glyphosate.

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Segmental Analysis

The global glyphosate market is segmented into crop type, from application and region. Based on crop type, the global market of glyphosate can be segmented into genetically modified crops, conventional crops. Based on form, the market is segregated into liquid form and dry form. Based on application, the market is further segmented into grains & cereals, oilseeds & pulses, fruits & vegetables, weed removal and others. Based on region, the global glyphosate triglycerides market is bifurcated into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.

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