Glyphosate Market Overview
Glyphosate
market size is estimated to reach USD 17.5 billion by 2030 at a CAGR of 6.2%
over the forecast period (2022-2030).
The
glyphosate is widely used in cereals & grains, weed removal, oilseed &
pulses, fruits & vegetables among others. The global glyphosate
market is spanned across five regions of the world namely,
Europe, Asia Pacific, North America, Latin America, and the Middle East &
Africa. Asia Pacific market is projected to grow at a rapid pace. The growing
demand for agricultural produce along with the increasing use of glyphosate for
removal of weed is expected to boost the market in this region. Moreover, the
changing farming practices in the region is also expected to affect the market
growth positively. South America is anticipated to be one of the largest
markets of glyphosate mainly driven by Brazil and Argentina. The growing
production of genetically modified crops in the region is expected to drive the
growth of the market. Among the various crop type, genetically modified soya
bean is anticipated to be the largest type during the review period. Europe is
expected to show a steady growth during the forecast period. The growing
application in removal of weed coupled with approval of European Union for the
use of glyphosate is expected to augment the market growth further.
Global glyphosate market share, by region
Segmentation
The
global glyphosate market is segmented into crop type, from application and
region. On the basis of the crop type, the global market of glyphosate can be
segmented into genetically modified crops, conventional crops. On the basis of
the form, the market is segregated into liquid form and dry form. On the basis
of the application, the market is further segmented into grains & cereals,
oilseeds & pulses, fruits & vegetables, weed removal and others. On the
basis of the region, the global glyphosate triglycerides market is segmented
into Asia Pacific, North America, Latin America, Europe, and the Middle East
& Africa.
Key Players
Some
of the prominent players in the global glyphosate market are Monsanto Company
(U.S.), Syngenta AG (Switzerland), Bayer AG (Germany), E.I. Du Pont De Nemours
& Company (U.S.), The Dow chemical company (U.S.), Nufarm Limited
(Australia), Nantong Jiangshan Agrochemical & Chemical, Inc.(China), Adama
Agricultural Solutions Ltd (Israel), UPL Limited (India), and Zhejiang Xinan
Chemical Industrial Group Co., Ltd (China).
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