The global glyphosate market will be driven by growing demand for genetically modified crops (GM) over the next six-years. GM crops have seen a rise in popularity due to increased population and biofuels as well as animal feed consumption. The field of glyphosate tolerance genetically modified crops has seen significant developments to improve weed resistance. This product is also beneficial for farmers as it reduces the need to tilde, which will be advantageous for market growth in the future. Market participants face a significant challenge due to the fact that glyphosate has been used in broad-spectrum herbicides. Market participants face increasing toxicity risks, which has resulted in bans being implemented in some countries.
2012 saw a global market for glyphosate exceeding USD 5 billion. The majority of 2013's market volume was accounted for by conventional crops. This is due to the need to control weeds and avoid tillage. Glyphosate can be used to control weeds in wheat, soybeans, sorghums, soybeans, tea plantations and cotton. GM crops will be a major segment of the market. They can be integrated with resistance to disease and higher yields, which allows farmers to make high-profit margins while reducing input costs.
In 2013, the Asia Pacific region was the largest. This trend is expected to continue throughout the forecast period. This is mainly due the growing adoption of GM crops, and the availability arable land in India or China. Due to growing demand, Chinese companies also entered the glyphosate marketplace, which has led to an increase in production activities in the region. Glyphosate-tolerant plants were quickly adopted in Latin America and the U.S., especially after the launch Monsanto’s Roundup Ready. The North American market has become saturated. Because of the unfavorable regulatory environment, these crops are less in demand on the European market.
Monsanto is the market leader largely because of its contribution to the acceptance and introduction of glyphosatetolerant crops. As part of its strategic activities, it uses mergers and acquisitions to expand its product range. Nufarm and Syngenta are also key players in the market for glyphosate. The key strategies include the development of customized products and solutions to improve crop performance.
Up Market Research published a new report titled “Glyphosate Market research report which is segmented by Application (Conventional Crops, GM Crops), By Players/Companies Nufarm, Dow AgroSciences, DuPont Major strategies include customized product and solution development for improving crop performance, Syngenta”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Glyphosate Market Research Report |
By Application | Conventional Crops, GM Crops |
By Companies | Nufarm, Dow AgroSciences, DuPont Major strategies include customized product and solution development for improving crop performance, Syngenta |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 223 |
Number of Tables & Figures | 157 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Conventional Crops, GM Crops).
Glyphosate Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Glyphosate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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