Glyphosate Market – Global Industry Analysis and Forecast (2024-2030)

Glyphosate Market was valued at USD 10.53 Bn in 2023, and it is expected to reach USD 16.70 Bn by 2030, exhibiting a CAGR of 6.81 % during the forecast period 2024-2030.
Glyphosate Market Overview:
One of the most widely used herbicides is glyphosate, which is categorized as a post-emergent, systemic, non-selective herbicide that can kill weeds with green leaves. These are essentially pesticides that are used to stop and manage the spread of spore diseases and fungi.

The report explores the Glyphosate Market's segments (on Crop Type, Form, Application, Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2023. The report investigates the Glyphosate Market’s drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Glyphosate Market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Glyphosate Market Dynamics:
Glyphosate is a broad-spectrum systemic herbicide that is commonly used to eradicate weeds, mainly perennial weeds. It is an odorless, white crystalline powder. The two forms of glyphosate that are most frequently sold are concentrates and water-soluble granules. The herbicide is administered in a variety of ways to eliminate weeds in home gardens, yards, amenity areas, and crop fields, including broadcasting, injecting into tree stumps, broadcasting through leaves, aerial spraying, and cut-stump treatments for forestry. In terms of volume, glyphosate is the herbicide that is used the most frequently in agriculture, horticulture, and garden maintenance.

Pre-emergence herbicides, such as glyphosate, are used before seeds are sown, while post-emergence herbicides, such as glyphosate, are administered after the germination of the crop. Given that it can kill a variety of plants, including grasses, perennials, and woody plants, glyphosate is categorized as a non-selective herbicide. Therefore, it is dangerous to use the pesticide after the main crop has emerged because it could also cause the main crop to perish. Farmers all over the world are now using glyphosate for post-emergence treatment, however, as a result of the creation of numerous genetically engineered, glyphosate-tolerant crops.

One of the key factors propelling the growth of the glyphosate market is the rise in agricultural and non-agricultural applications of glyphosate around the world. The substitution of mechanical weed management in many crops with the use of glyphosate to destroy weeds like chickweed, barnyard grass, dandelion, and other weeds accelerates market growth. The market is also influenced by the increase in the acceptance of herbicide-tolerance technology for crops to grow inorganically, which is quickly adopted by farmers, and by product advantages over mechanical tillage systems, such as minimal cost, less soil, and environmental degradation. Additionally, the market for glyphosate is positively impacted by the rise in demand for crops with improved quality, the expansion of the agriculture industry, and the demand for organic food.

Glyphosate Market Drivers:

Genetically modified hybrid crops called "herbicide tolerant crop hybrids" can withstand non-selective herbicides like glyphosate. Many research and development initiatives are built on tolerance to glyphosate because it is the most effective herbicide that seeks to completely control plants, regardless of species or biology. RoundUp-Ready hybrids of crops including corn, soybeans, and cotton are protected by a patent held by Bayer Crop science, which completed the acquisition of Monsanto Company in 2018. Roundup-Ready soybeans dominate the land in the United States, Argentina, and Brazil. Herbicide tolerance technology is anticipated to be quickly adopted by farmers, but the protracted wait for government agency permission in India and the EU is delaying the growth spurt that may support inorganic expansion on the global glyphosate market.

Sales of glyphosate products are increasing as a result of rising demand for genetically modified (GM) crops in East Asian and South Asian markets. The increase in agricultural acreage across the globe, contemporary agricultural techniques, and shifting harvesting habits are propelling the glyphosate market's expansion. Farmers are choosing to plant GMO crops in order to enhance productivity within a short period of time, which also helps to achieve larger profit margins. This trend has been particularly pronounced in East Asia and South Asia over the past ten years.

The market for glyphosate is expanding as a result of pre-plantation techniques. Prior to planting the following crop, pre-planting treatment is still an essential technique for weed management. This instrument is used by farmers prior to planting. To rid fields of these weeds and stray crops, farmers typically spray glyphosate 4 to 6 weeks prior to planting. Farmers use this equipment all over the world to keep weeds out of their plants and crops. These elements are increasing the market's demand for glyphosate.

Glyphosate Market Restrain:

One factor limiting this industry is the rigorous laws regulating the use of glyphosate due to several environmental and health concerns. Overexposure to glyphosate can result in cancer. The International Agency for Research on Cancer found that the chemical is probably carcinogenic to humans in its assessment on glyphosate, which was supported by more than 20,000 medical professionals. These factors led to the United States and some regions of Europe placing tight restrictions on the use of glyphosate, and some nations outright banning its usage. As a result, glyphosate is not in high demand in these areas.

Both terrestrial and aquatic habitats have been shown to be affected by glyphosate in a number of ways. When seen on a wider scale, glyphosate is an essential part of entire ecosystems. Aquatic organisms, such as tadpoles and fish, are destroyed when herbicide leaks into water bodies. In addition to killing plants in the regions where glyphosate is applied, it also destroys plants nearby. These living things can have a significant impact whether they are on land or in water. The market is often in danger from this kind of environmental damage.

Glyphosate Market Opportunities:

Due of the growing demand for GM grass in gardens, lawns, turf, and stadiums, manufacturers have a ton of opportunity. Governments build these public lawns and parks where GMO grass is grown for greenery. Glyphosate is used extensively to eradicate weeds from these gardens, lawns, turfs, stadiums, and playgrounds. The glyphosate market is experiencing tremendous growth as a result of these causes.
Glyphosate Market Challenges:
When specifications and product performance conflict with standards, or when there are no standards at all, issues develop. When unrealistic expectations and inadequate specifications overwhelm the ability of tangible performance and the fight to preserve the planet's resources, a dilemma may result. Due to unreasonable expectations for the goods, shoddy execution, and misinformation about the performance characteristics of the product, inspection and consultation work are necessary. With recent technology advancements, we have entered an exciting, though hard, and perhaps frustrating, period. Due to new technology and sustainability, materials are becoming tougher, more chemically resistant, biodegradable, and recyclable. The unforeseen repercussions and circumstances brought on by contentment with the present situation, naivete, and, regrettably, misunderstanding of the subject matter accompany these favorable developments.

Covid19 Impact:

Due to COVID-19's limits on the raw material supply chain, which had an adverse effect on glyphosate manufacturing all over the world, the market has suffered. The commerce in glyphosate has suffered as a result of the pandemic's spread. China is one of the top providers of herbicides, mostly glyphosate, and it supplies a larger proportion of Brazil's glyphosate needs than any other country. Since the COVID-19 outbreak began, its industrial activity has slowed. Due to the huge supply disruption for agricultural chemicals brought on by the transportation hiccups throughout the spread, prices also increased.
Glyphosate Market Segment Analysis:
Based on Crop Type: Genetically modified crops segment is dominating the market with highest CAGR during the forecast period. Because of the rising production of genetically modified crops like corn, cotton, and soybean, the GM crops segment dominates the market. Due to evolving agricultural techniques, which are anticipated to support the expansion of the global market in the near future, Asian countries are anticipated to become significant regional marketplaces.

Based on Form: Liquid form segment is dominating the market with highest CAGR during the forecast period. It provides end users with financial effectiveness, a longer shelf life, and simple foliar application.

Based on Application: Grains & cereals segment is dominating the market with highest CAGR during the forecast period. The production of transgenic, glyphosate-tolerant plants, such roundup-ready plants, has boosted glyphosate use. In addition to decreased tillage and fallow systems, the glyphosate products available suppress grass growth and destroy broadleaf weeds in glyphosate-tolerant corn, soybeans, cotton, alfalfa, canola, and sugar beets. Among the non-agricultural uses of glyphosate are turf & ornamentals, stadiums, railroad tracks, and lawns & gardens.
Glyphosate Market Regional Insights:
The Asia Pacific region dominated the market with highest market share in 2023. Companies in the glyphosate herbicide market will find equally appealing prospects in both the Asia-Pacific and North American regions. The North American region is anticipated to remain one of the biggest markets for glyphosate due to the rising levels of penetration of herbicide-tolerant hybrids. Herbicide-tolerant crops are thought to account for roughly 56 percent of glyphosate usage in the US.

The market is predicted to expand quicker in the Asia-Pacific region. The region has the greatest amount of arable land and the widest variety of crops in the entire planet. The region's glyphosate herbicide industry is anticipated to rise as more farmers adopt cutting-edge agricultural techniques including zero-tillage. Although China has given permission to cultivate hybrids resistant to herbicides, India still faces restrictions because it hasn't given permission for any genetically modified hybrid food crops. In India, only Bt cotton is permitted as a GM crop. A Maharashtra-based company was given permission by Government 2020 to test Bt brinjal in eight states, including Madhya Pradesh and Karnataka. The Indian Agricultural Research Institute, a government-run organization, produced the types that will be tested (IARI).

The greatest market for glyphosate is in Asia-Pacific (which includes China and Japan), followed by the US. Although the US is anticipated to maintain its prominence in the years to come, growth is anticipated to primarily come from developing nations, particularly Asia-Pacific. Additionally, the region will experience the largest growth between 2024 and 2030. For GM rice and other crops, Asia-Pacific is set to produce the highest growth rates in the near future. Indicative of the enormous development potential that is still untapped is the fact that China, India, Korea, and ASEAN countries are spending ceaselessly in plant research to develop specialty crops with better weed management and increased features like drought tolerance.

These developing nations' growing populations, rising incomes, and rapid urbanization tendency are having a big impact on the food and beverage industry's trends. As the glyphosate market expands, China and India are projected to lead the way because to their rapid economic development, shifting consumer habits, burgeoning populations, rising income levels, and expanding food consumption.

The US, along with Europe, was the first to use the novel herbicide, and in the 1980s and 1990s, the US accounted for the lion's share of global glyphosate usage. However, since more agrochemicals were being used in growing nations, particularly Asia, the share of the US and other wealthy countries steadily declined starting in the late 1990s. The developed world's declining market share in glyphosate sales was partly influenced by growing worries about chemical residues in agricultural products and a gradual shift towards sustainable farming practices. As a result of usage limits imposed by various European nations and US states, the glyphosate market is currently experiencing severe strain. Although most of these limits are aimed at non-crop applications, it is likely that in the near future, ongoing discussion about the herbicide's claimed link to cancer and renal illness will have an effect on overall sales in the developed world.

The objective of the report is to present a comprehensive analysis of the Glyphosate Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Glyphosate Market dynamic, structure by analyzing the market segments and projecting the Glyphosate Market size. Clear representation of competitive analysis of key players by Vehicle Crop Type, price, financial position, product portfolio, growth strategies, and regional presence in the Glyphosate Market make the report investor’s guide.
Glyphosate Industry Ecosystem
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Glyphosate Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
USD 10.53 Bn.


Forecast Period 2024 to 2030 CAGR:
6.81 %
Market Size in 2030:
USD 16.70 Bn.


 Segments Covered:
by Crop Type
Genetically modified crops
Conventional crops


by Form
Liquid
Dry


by Application
Agricultural
Grains & cereals
Oilseeds & pulses
Fruits & vegetables
Others includes sugarcane, plantation crops, and pastures
Non-agricultural



Glyphosate Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Glyphosate Market, Key Players
1. Anhui Huaxing Chemical Industry Co. Ltd.
2. BASF SE
3. Bayer AG
4. China National Chemical Corporation
5. ADAMA Agricultural Solutions Ltd.
6. Syngenta AG
7. FMC Corporation
8. Fuhua Tongda Technology Co. Ltd.
9. Jiangsu Good Harvest-Weien Agrochemical Co., Ltd.
10.JingMa Group
11.Nantong Jiangshan Agrochemical & Chemicals Limited Liability Co.
12.Nufarm Limited
13.Shandong Weifang Rainbow Chemical Co., Ltd.
14.Sinochem Holdings Corporation Ltd.
15.UPL Limited
16.Wynca Group
17.Zhejiang Jinfanda Biochemical Co. Ltd.

Frequently Asked Questions:

1] What segments are covered in the Global Glyphosate Market report?
Ans. The segments covered in the Glyphosate Market report are based on Crop Type, Form, Application.

2] Which region is expected to hold the highest share in the Glyphosate Market?
Ans. Asia-Pacific region is expected to hold the highest share in the Glyphosate Market.

3] What is the market size of the Glyphosate Market by 2030?
Ans. The market size of the Glyphosate Market by 2030 is expected to reach USD 16.70 Bn.

4] What is the forecast period for the Glyphosate Market?
Ans. The forecast period for the Glyphosate Market is 2024-2030.

5] What was the Global Glyphosate Market size in 2023?
Ans. The Global Glyphosate Market size was USD 10.53 Billion in 2023.