The Business Research Company’s report on the Glyphosate Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the glyphosate market?
The increase in demand for fertilizers will propel the growth of the glyphosate market. The growing world population will be demanding more food, water, and agricultural products, so to meet this demand, farmers are using modern agricultural methods to grow plants and crops to earn maximum profits. Farmers are using maximum quantities of fertilizers to protect and grow crops faster. For example, according to the International Fertilizer Association, a Paris-based, global fertilizer association, the global fertilizer consumption was expected to rebound by 4% in 2023, reaching 192.5 million metric tons (mmt). Thus, an increase in demand for fertilizers will drive the glyphosate market.
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How has the glyphosate market size evolved, and what are the latest forecasts for its expansion?
The glyphosate market size has grown strongly in recent years. It will grow from $10.92 billion in 2024 to $11.89 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to introduction of genetically modified (GM) crops, increased agricultural productivity, rise in no-till farming practices, global expansion of agriculture, cost-effectiveness and versatility.
The glyphosate market size is expected to see strong growth in the next few years. It will grow to $17.11 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to emergence of alternative weed control methods, stringent regulations and environmental concerns, increased adoption of precision agriculture, shift towards sustainable agriculture, public awareness and consumer preferences. Major trends in the forecast period include technological advancements in herbicides, shift towards sustainable agriculture, resistance management strategies, increasing adoption of genetically modified (GM) crops, regulatory scrutiny and bans.
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Which major companies dominate the glyphosate market?
Major companies operating in the glyphosate market include Sinochem Corporation Limited, BASF SE, Dow AgroSciences LLC, Syngenta Group AG, Bayer CropScience AG, Corteva Agriscience LLC, UPL Limited, Food Machinery and Chemical Corporation, Adama Agricultural Solutions Ltd., Luxi Chemical Group Co. Ltd., Nufarm Limited, Zhejiang XinAn Chemical Industrial Group Co. Ltd., Wynca Group Limited, King Quenson Industry Co. Ltd., Hubei Sanjiang Fine Chemical Co. Ltd., Nantong Jiangshan Agrochemical & Chemicals Co. Ltd., Anhui Huaxing Chemical Industry Co. Ltd., Fuhua Group Co. Ltd., American Vanguard Corporation, Jiangsu Good Harvest-Weien Agrochemical Co. Ltd., Excel Crop Care Limited, Willowood Industries Limited, Jiangsu Xinyu Agrochemical Co. Ltd., Anhui Zhongnong Chemical Co. Ltd., Sinoharvest Corporation, Shandong Lvye Chemical Co. Ltd., Shandong Lianfeng Pesticide Co. Ltd., Henan Yuxing Agrochemical Co. Ltd., Jiangsu Huaxing Chemical Co. Ltd., Shandong Shuangfeng Chemical Co. Ltd.
What trends will shape the future of the glucometer market?
Major companies operating in the glyphosate market are adopting a strategic partnerships approach to invest in innovative solutions and expand market options for farmers. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in August 2022, Corteva Agriscience, a US-based global agriculture company providing solutions to agricultural challenges, partnered with BASF SE, a German-based multinational chemical company that offers chemicals and crop protection products. This collaboration aims to develop future herbicide-tolerant soybeans and complementary herbicides for farmers in North America and beyond. This package encompasses traits conferring tolerance to BASF’s Liberty and PPO inhibiting herbicides, as well as Corteva’s Enlist herbicides, glyphosate, and a novel herbicide mode of action currently in development at BASF.
Which region dominates the glyphosate market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the glyphosate market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the glyphosate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How is the glyphosate market segmented, and which segment holds the largest share?
The glyphosate market covered in this report is segmented –
1) By Crop Type: Genetically Modified Crops, Conventional Crops
2) By Form: Liquid, Dry
3) By Application: Grains And Cereals, Pulses And Oilseeds, Fruits And Vegetables, Commercial Crops, Other Applications
Subsegments:
1) By Genetically Modified Crops: Herbicide-Tolerant Soybeans, Herbicide-Tolerant Corn, Herbicide-Tolerant Cotton
2) By Conventional Crops: Wheat, Barley, Fruits and Vegetables
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What defines the structure and scope of the glyphosate market?
The glyphosate is used in the agriculture industry to control weeds in a variety of crops, such as grains, pulses, cereals, fruits, tubers, vegetables, and other crops. Glyphosate is a low-toxicity chemical formulation that is effective for weed control. These chemicals are directly sprayed on the leaves, which are further absorbed by plants as nutrients.
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