Agriculture

Global Glyphosate Market

March 25, 2020
ID: SR/CH-06
Format:Pdf
Pages:220

Global Glyphosate Market- By Crop Type (Genetically Modified, Conventional), By Form (Liquid, Dry), By Application (Agricultural (Grains & Cereals, Oilseeds & Pulses, Fruits & Vegetables), Non-Agricultural) and By Region (North America, Europe, Asia Pacific, South America, Middle East, & Africa)- Global forecast from 2020-2027.

Description

Global Glyphosate market Overview:

Glyphosate is among the widely used herbicides in the United States. It is a systemic herbicide, which means that when applied to plant leaves, it is absorbed by tissues to kill broad-leaved plants, weeds, and other grasses. Glyphosate is usually made into isopropyl amine or sodium salt when used. Glyphosate has excellent herbicidal properties and is easily absorbed by the leaves through the roots and transported to plant growth points. It inhibits three aromatic amino acids that are involved in the synthesis of plant enzymes: tyrosine, tryptophan, and phenylalanine. Therefore, it is valid only in actively growing plants and not as a pre-emergent herbicide.

Global Glyphosate market Insights

The global glyphosate market expected to propel the market growth at a substantial CAGR in the forecast period from 2020-2027. Glyphosate is an effective active chemical ingredient in many widely used herbicides, and its use in the EU is strictly regulated. Glyphosate is not directly related to genetically modified crops and non-GMO crops treated with the herbicide glyphosate.

It is owing to glyphosate, more extensive uses such as rubber, mulberry, tea, orchards, and sugar cane fields. It mainly inhibits the enol acetone shikimate phosphate synthase in plants, thereby inhibiting the conversion of shikimate to phenylalanine, tyrosine, and tryptophan, which interferes with protein synthesis and causes plant death.

Moreover, when used accurately according to label instructions, herbicides prevent weeds and plants from competing for water, light, and nutrition. Glyphosate helps farmers and homeowners control weeds in a variety of growing areas. Glyphosate-resistant (GMO) and genetically modified organism (GMO) crop varieties include rapeseed, corn, cotton, soybean, sugar beet, and wheat.

Growth Driver

Growth of genetically modified crops

The creation and large-scale planting of genetically modified glyphosate-resistant crops such as soybeans and corn have increased the global demand for glyphosate. The global pesticide market tends to shift to the agricultural biotechnology market. Herbicide-resistant crops generally have some resistance to broad-spectrum herbicides-especially to glyphosate and glufosinate-they will control the growth of most green plants. These two herbicides are very useful for weed control and are very harmful to animals.

Less toxic

The glyphosate has broad-spectrum weed and pest killing, and it has low toxicity and low residue, which quickly degraded in the soil without contaminating groundwater. Compared with the other herbicides used in the past, glyphosate shows significantly lower toxicity.

By Crop type Segmental Analysis

Based on crop type, the global Glyphosate market distributed into Genetically Modified, Conventional. The conventional crop segment has dominated the market share of the worldwide glyphosate market. Glyphosate is beneficial for the crop if the dosage given to the crops according to the instruction given on the label as glyphosate helps in removing weed and pests from the plants and completing with sunlight, water, and nutrients. Different weeds have different sensitivity to glyphosate, so the dosage keeps changing.

Additionally, glyphosate is often used to eliminate invasive species and habitat restoration, especially to enhance native plants and establish grassland ecosystems. Glyphosate can also be used for crop drying and ripening (wheat, corn, soybean, and cotton), and to increase the sucrose concentration of sugar cane, usually sprayed about 10-15 days before the harvest.

By Form type Segmental Analysis

Based on the form type, the global Glyphosate market bifurcated into a liquid, and dry. The liquid segment has bolstered the market share for the global glyphosate market. The liquid form of glyphosate is cost-effective, prevent soil erosion, increase soil fertility, and reduce environmental degradation. Therefore, these factors help in the expansion of global glyphosate in the worldwide market.

By Application Segmental Analysis

Based on the application, the global Glyphosate market classified into Agricultural (Grains & Cereals, Oilseeds & Pulses, Fruits & Vegetables), Non-Agricultural. The agriculture sector is dominating the market share of the global glyphosate market and will continue to bolster its market demand in the forecast period as well. The primary use of glyphosate is agricultural weeding, but with the continuous expansion of genetically modified agricultural products, the use of glyphosate has also increased. Moreover, enhancing agricultural modern equipment and tool allow the farmers to grow more and more crops. Thus, framers use glyphosate to remove weeds and earn more and more profits. Also, in non-agricultural environments, people use a glyphosate product called Roundup to clean weeds on streets and sidewalks.

Region Segmental Analysis

Based on geography, the global Glyphosate market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific region has dominated the demand for the glyphosate market. Owing to rising disposable income and increasing the agriculture technology and techniques, awareness among farmers has propelled the need for glyphosate in the farming method. Therefore, it will help in capturing the demand for glyphosate in the forecast period from 2020-2027. Moreover, the growing population has increased the need for conventional and non-conventional farming. With the use of glyphosate, the weeds and pests quickly get removed without affecting the soil and environment; thus, create the market demand of glyphosate in the future as well.

Competitor Analysis

Companies such as Monsanto, Syngenta, Nufarm, Dow AgroSciences, DuPont, BASF, Bayer, and others are the key players in the global Glyphosate market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global Glyphosate manufacturing companies
Research organizations and consulting companies
Organizations, associations, and alliances related to Glyphosate
Regulatory bodies

Scope of the report

Report Attribute	Details
Market size value in 2020	USD 7.6 Billion
Revenue forecast in 2027	USD 11.67 Billion
Growth Rate	CAGR of 6.32% from 2020 to 2027o
Historical data	2017-2019
Forecast period	2021 – 2027
Region covered	America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Monsanto, Syngenta, Nufarm, Dow AgroSciences, DuPont, BASF, Bayer, and others

Recent Developments

In August 2018, BASF obtained parts of the Seed and Non-selective Herbicide business of Bayer CropScience AG.
In October 2020, Bayer Launched Roundup PowerMAX 3 herbicide, with the highest concentration of glyphosate in the global market of the US.

The objective of the Research

Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Crop type

Genetically modified crops
Conventional crops

Table Of Contents

Methodology

Request Sample

Frequently Asked Questions (FAQ):

What is glyphosate?

What is the growth rate of the glyphosate market?

The global glyphosate market size was valued at USD 7.6 Billion in 2020 and projected to reach USD 11.67 Billion by 2027, growing at a CAGR of 6.32% during the forecast period, 2020-2027.

Who are the key stakeholders in the glyphosate market?

The key stakeholders in the glyphosate market are glyphosate manufacturers, herbicide manufacturers, dealers and distributors, raw material suppliers, agrochemical manufacturers, traders and exporters and many others.

Which region has the highest growth rate in the glyphosate market?

The Asia Pacific is expected to project considerable growth over 2020-2026 due to rising disposable income, increasing agriculture technology, techniques, and awareness among farmers in the region.

Who are the key players in the glyphosate market?

Companies such as Monsanto, Syngenta, Nufarm, Dow AgroSciences, DuPont, BASF, Bayer, and others are the key players in the global Glyphosate market.

Select License

We Accept

Analyst support

After evaluating your requirements and addressing your technical problems, the expert analyst will resolve your query directly.

Customer satisfaction

According to your needs, our expert team will assist you with the capabilities, services, and proper research needs to be required and customize the report accordingly.

Inimitable expertise

Our expert team will create unrivaled reviews to provide you with a deep understanding of the reports.

Assured quality

We have created a systematic way to determine standards and satisfy your expectations.

Instant delivery

Unlike others, we provide you a great deal of instant delivery in the form of PDF/PPT/Word Doc directly to your email address within 24 hours after receiving full payment.

Privacy policy

We understand the inkling of your privacy, we will never misuse your email address.

Custom research service

We are giving you an opportunity through which you can directly ask our expert analyst to customize an exclusive study of the report to serve your research needs.

Quality & accuracy

We provide you with the accurate quality of the customized study of an exclusive report according to your research need.

Data visualization

As the business world’s growing faster every day, we understand the value of data management. We will create the reports by keeping all the visual data sets and metrics in the charts.

Information security

We truly respect your privacy and promise to keep your personal and confidential information safe and secure.