Glyphosate - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Glyphosate Market is accounted for $7.75 billion in 2018 and is expected to reach $15.92 billion by 2027 growing at a CAGR of 8.3% during the forecast period. Increasing strong application in the agriculture sector and approvals for herbicide-tolerant crop hybrids essential are the major factors driving the market growth. However, the ban on the production of GM crops in some regions is restraining the market growth.
Glyphosate is a broad-spectrum systemic herbicide and crop desiccant. It is an organophosphorus compound, specifically a phosphonate, which acts by inhibiting the plant enzyme 5-enolpyruvylshikimate-3-phosphate synthase. It is used to kill weeds, especially annual broadleaf weeds and grasses that compete with crops.
Based on the crop type, the genetically modified crops segment is likely to have a huge demand owing to rising consumer awareness about the advantages of GM crops accompanied by an insignificant effect of the product on the plant that will escalate the product demand. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increased adoption of advanced agricultural practices such as zero-tillage. This region has the highest arable land in the world with the highest crop diversity.
Some of the key players profiled in the Glyphosate Market include Zhejiang Xinan Chemical Industrial Group Co.,Ltd, United Phosphorus Limited (UPL), The DOW Chemical Company, Syngenta AG, Nufarm Limited, Nantong Jiangshan Agrochemical & Chemical, Inc., Monsanto Company, King Quenson Industry Group, Jiangsu Good Harvest-Weien Agrochemical Company, Excel Crop Care Limited, E.I. Du Pont De Nemours and Company, Corteva Agriscience, Bayer AG, BASF SE, American Vanguard Corporation, and ADAMA Agricultural Solutions Ltd.
• Glyphosate Soluble Powder
• Glyphosate Technical
• Glyphosate Solution
• Ammonium Glyphosate Soluble
Crop Types Covered:
• Conventional Crops
• Genetically Modified Crops
• Herbicide Tolerant Crop
• Perennial Crop
• Zero Tillage
• Silviculture Purposes
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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