Market Values: Glyphosate Market valued at US$ 9.86 Bn in 2022, with an expected CAGR of 6.81% during the forecast period 2023-2029.
Report Scope: The latest report on the Glyphosate Market offers a comprehensive analysis and forecast for the period 2023-2029. It covers industry trends, statistics, dynamics, segmentation by Crop Type, Form, Application, and Region.
Research Methodology: The report employs a rigorous research methodology, incorporating data from market participants and presenting key analysis for the historical period (2018-2022). Investor recommendations are provided based on a thorough examination of the contemporary competitive scenario.
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Market Dynamics:
Glyphosate, a widely used herbicide, is explored in terms of its segments (Crop Type, Form, Application, Region). The report analyzes market drivers, limitations, prospects, and barriers, providing insights into the rapid advances across industry sectors.
Regional Insights:
The Asia Pacific dominated the Glyphosate Market in 2022, with North America expected to remain a significant market. The report anticipates faster expansion in the Asia-Pacific region due to its vast arable land and diverse crops. The growth potential in China, India, Korea, and ASEAN countries is highlighted, driven by ongoing investments in plant research.
Segment Analysis:
Crop Type: Genetically modified crops lead with the highest CAGR, driven by the rising production of GM crops like corn, cotton, and soybeans.
Form: Liquid form dominates the market with the highest CAGR, offering financial effectiveness, a longer shelf life, and easy foliar application.
Application: Grains & cereals segment dominates with the highest CAGR, fueled by the production of transgenic, glyphosate-tolerant plants.
Market Opportunities:
The growing demand for genetically modified grass in public spaces, lawns, and stadiums presents significant opportunities for manufacturers in the Glyphosate Market.
Market Challenges:
Challenges arise when specifications conflict with standards or when unrealistic expectations hinder product performance. Environmental and health concerns, coupled with regulatory restrictions, pose challenges to the industry.
Covid-19 Impact:
The Glyphosate Market faced challenges due to COVID-19’s impact on the raw material supply chain, causing disruptions in manufacturing and supply. The pandemic led to increased prices and supply disruptions in agricultural chemicals.
Conclusion:
The report aims to provide a comprehensive analysis of the Glyphosate Market, offering stakeholders valuable insights into the industry’s past, present, and future. It includes a detailed study of key players, market dynamics, and competitive analysis, serving as an essential guide for investors and decision-makers.
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Glyphosate Market Segmentation:
by Crop Type
Genetically modified crops
Conventional crops
by Form
Liquid
Dry
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.
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Table of content for the Glyphosate Market includes:
Key Offerings:
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