Analysts’ Viewpoint on Glyphosate Market Scenario
The increasing demand for high-value crops is a major driving factor for the glyphosate market. Companies in the glyphosate market should accelerate their product development and unlock revenue opportunities to obtain competitive benefits. Market stakeholders are extending their services arms to gain a competitive edge. There is a healthy growth of the glyphosate market due to surging demand from the agriculture industry. Surging population, rising demand for food, and increasing applications of glyphosate as herbicide are factors accelerating the market growth in developing economies. However, the emergence of glyphosate resistant weeds is affecting the expansion of the global glyphosate market.
Glyphosate is a widely used herbicide that controls broadleaf weeds and grasses. In many developing countries, farmers use a non-selective herbicide that controls both broadleaf grass and weeds since the past few years. The growing popularity of glyphosate is due to the herbicide properties present in it. Glyphosate herbicides are used to enhance crop tolerance. This factor is expected to witness lucrative growth opportunities for market players in the forecast period.
In North America and various other well-established economies, glyphosate herbicide can be widely used in non-agricultural applications. Glyphosate is used in home & garden applications to control weeds, along roadsides, highways, railroads, forests, aqua systems, gardens, and lawns. Aquatic weeds are also controlled using herbicides.
Due to the rising awareness of various benefits of glyphosate, there is an increase in demand and supply all over the world. Market players are increasing the production of glyphosate due to surging demand for agricultural as well as non-agricultural industries. Besides this, glyphosate has a wide array of applications, including weed control in olive groves, vineyards, fruit orchards, forestry, grass pastures, gardens, parks, and underwater usage in lakes and rivers. The global glyphosate market is driven by factors such as growing popularity of no tillage farming systems, increasing demand for better crop yield, rising global population, and surging demand for fertilizers in emerging countries.
There is an increasing adoption and popularity of genetically modified crops such as corn, soybeans, rapeseed, beets, sugar canola, cotton, and wheat. The demand for glyphosate is expected to increase at a robust pace in the upcoming years, due to rising applications in genetically modified crops. Some of the prominent players operating in the global glyphosate market are focusing on the production of high value crops by including glyphosate as herbicide in order to increase revenue streams.
Glyphosate is a common herbicide used to control invasive species in many developing economies. Glyphosate can also be used in forestry, aquatic systems, pastures/rangelands, etc. However, the global market is affected by stringent regulations on the production of genetically modified crops in many economies, specifically in Europe. Thus, to overcome this, leading players in the market are focusing on developing integrated weed management system comprising a calculated combination of various herbicides to avoid dependence on a particular one such as glyphosate herbicide.
Due to the presence of a strong agricultural infrastructure and increase in usage of glyphosate herbicides in the agriculture sector, Asia Pacific dominates the global glyphosate market. The demand witnessed in emerging economies such as India and China has significantly contributed to the growth of the market in the past few years. Moreover, China emerged as the largest exporter of low priced generic glyphosate herbicides. However, many companies are striving to introduce cost effective solutions of glyphosate products. This is expected to offset the restraint up to a certain extent. Regulatory bodies in Europe follow stringent regulations on growing genetically modified crops as their adoption in the U.S. has led to extensive usage of herbicides, thus causing the evolution of glyphosate resistant weeds.
| Attribute | Detail |
|---|---|
| Market Size Value in 2020 (Base Year) | US$ 9.3 Bn |
| Market Forecast Value in 2031 | US$ 17.7 Bn |
| Growth Rate (CAGR) | 6% |
| Forecast Period | 2021-2031 |
| Quantitative Units | US$ Bn for Value & Kilo Tons for Volume |
| Competition Landscape | Company Profiles section includes overview, product portfolio, key subsidiaries or distributors, strategy & recent developments, and key financials. |
| Format | Electronic (PDF) + Excel |
| Market Segmentation |
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| Regions Covered |
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| Countries Covered |
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| Companies Profiled |
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| Customization Scope | Available upon Request |
| Pricing | Available upon Request |
Glyphosate Market – Segmentation
TMR’s research study assesses the global glyphosate market in terms of application and region. This report presents extensive market dynamics and trends associated with different segments of the market and how they are influencing growth prospects of the global glyphosate market.
| Attribute | Detail |
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Glyphosate Market is projected to reach 17.7 Bn by the end of 2031
Glyphosate Market is expected to grow at a CAGR of 6% during 2021-2031
Increasing demand for high-value crops expected to drive Glyphosate Market
Asia Pacific is a more attractive region for vendors in the Glyphosate Market
Key vendors in the Glyphosate Market are Monsanto Company, Nufarm Ltd, Syngenta AG, Dow AgroSciences LLC, E. I. du Pont de Nemours and Company, Zhejiang Xinan Chemical Industrial Group Company, Ltd, Jiangsu Good Harvest-Weien Agrochemical Co., Ltd and others
1. Preface
1.1. Report Description
1.2. Market Segmentation
1.3. Research Scope and Assumptions
1.4. Research Methodology
2. Executive Summary
2.1. Global Glyphosate Market Estimate and Forecast, 2021-2031, (Kilo Tons) (US$ Bn)
2.2. Global Glyphosate Market, Snapshot (2020 And 2031)
3. Glyphosate - Industry Analysis
3.1. Introduction
3.2. Value Chain Analysis
3.3. Market Drivers
3.3.1. Increasing Adoption of Glyphosate Tolerant GM Crops
3.3.2. Increasing Demand for No-Tillage and Minimum Tillage Systems
3.4. Market Restraints
3.4.1. Emergence of Glyphosate Resistant Weeds
3.4.2. Stringent Regulations on Agrochemicals
3.5. Market Opportunities
3.5.1. Increasing Demand for GM Crops
3.5.2. New Innovative Weed Control Systems
3.6. Porter’s Five Forces Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. Glyphosate: Market Attractiveness Analysis
3.8. Glyphosate: Company Market Share (2020)
4. Global Glyphosate Market: Application Segment Analysis
4.1. Global Glyphosate Market: Application Segment Analysis
4.1.1. Global Glyphosate Market Volume Share by Application, 2020 And 2031
4.2. Global Glyphosate Market, by Application
4.2.1. Genetically Modified (GM) Crops
4.2.1.1. Global Glyphosate Demand for GM Crops, 2021-2031 (Kilo Tons) (US$ Bn)
4.2.2. Conventional Crops
4.2.2.1. Global Glyphosate Demand for Conventional Crops, 2021-2031 (Kilo Tons) (US$ Bn)
5. Glyphosate Market: Regional Analysis
5.1. Global Glyphosate Market: Regional Analysis
5.1.1. Global Glyphosate Market Volume Share by Region, 2020 And 2031
5.2. Global Glyphosate Market, by Region
5.2.1. North America
5.2.1.1. North America Glyphosate Market Estimate and Forecast, 2021-2031 (Kilo Tons) (US$ Bn)
5.2.1.1.1. North America Glyphosate Market Volume Estimate and Forecast, by Application, 2021-2031 (Kilo Tons)
5.2.1.1.2. North America Glyphosate Market Revenue Estimate and Forecast, by Application, 2021-2031 (US$ Bn)
5.2.2. Europe
5.2.2.1. Europe Glyphosate Market Estimate and Forecast, 2021-2031 (Kilo Tons) (US$ Bn)
5.2.2.1.1. European Glyphosate Market Volume Estimate and Forecast, by Application, 2021-2031 (Kilo Tons)
5.2.2.1.2. European Glyphosate Market Revenue Estimate and Forecast, by Application, 2021-2031 (US$ Bn)
5.2.3. Asia Pacific
5.2.3.1. Asia Pacific Glyphosate Market Estimate and Forecast, 2021-2031 (Kilo Tons) (US$ Bn)
5.2.3.1.1. Asia Pacific Glyphosate Market Volume Estimate and Forecast, by Application, 2021-2031 (Kilo Tons)
5.2.3.1.2. Asia Pacific Glyphosate Market Revenue Estimate and Forecast, by Application, 2021-2031 (US$ Bn)
5.2.4. Latin America
5.2.4.1. Latin America Glyphosate Market Estimate and Forecast, 2021-2031 (Kilo Tons) (US$ Bn)
5.2.4.1.1. Latin America Glyphosate Market Volume Estimate and Forecast, by Application, 2021-2031 (Kilo Tons)
5.2.4.1.2. Latin America Glyphosate Market Revenue Estimate and Forecast, by Application, 2021-2031 (US$ Bn)
5.2.5. Middle East & Africa
5.2.5.1. Middle East & Africa Glyphosate Market Estimate and Forecast, 2021-2031 (Kilo Tons) (US$ Bn)
5.2.5.1.1. Middle East & Africa Glyphosate Market Volume Estimate and Forecast, by Application, 2021-2031 (Kilo Tons)
5.2.5.1.2. Middle East & Africa Glyphosate Market Revenue Estimate and Forecast, by Application, 2021-2031 (US$ Bn)
6. Company Profiles
6.1. Anhui Huaxing Chemical Industry Company
6.1.1. Company Overview
6.1.2. Financial Overview
6.1.3. Product Portfolio
6.1.4. Business Strategy
6.1.5. SWOT Analysis
6.2. BASF SE
6.2.1. Company Overview
6.2.2. Financial Overview
6.2.3. Product Portfolio
6.2.4. Business Strategy
6.2.5. SWOT Analysis
6.2.6. Recent Developments
6.3. Bayer CropScience
6.3.1. Company Overview
6.3.2. Financial Overview
6.3.3. Product Portfolio
6.3.4. Business Strategy
6.3.5. SWOT Analysis
6.3.6. Recent Developments
6.4. Dow Agrosciences LLC
6.4.1. Company Overview
6.4.2. Financial Overview
6.4.3. Product Portfolio
6.4.4. Business Strategy
6.4.5. SWOT Analysis
6.4.6. Recent Developments
6.5. DuPont
6.5.1. Company Overview
6.5.2. Financial Overview
6.5.3. Product Portfolio
6.5.4. Business Strategy
6.5.5. SWOT Analysis
6.5.6. Recent Developments
6.6. Jiangsu Good Harvest-Weien Agrochemical Company Ltd.
6.6.1. Company Overview
6.6.2. Product Portfolio
6.6.3. Business Strategy
6.6.4. SWOT Analysis
6.6.5. Recent Developments
6.7. Monsanto Company
6.7.1. Company Overview
6.7.2. Financial Overview
6.7.3. Product Portfolio
6.7.4. Business Strategy
6.7.5. SWOT Analysis
6.7.6. Recent Developments
6.8. Nantong Jiangshan Agrochemical & Chemicals Co. Ltd
6.8.1. Company Overview
6.8.2. Financial Overview
6.8.3. Product Portfolio
6.8.4. Business Strategy
6.8.5. SWOT Analysis
6.8.6. Recent Developments
6.9. Nufarm Limited
6.9.1. Company Overview
6.9.2. Financial Overview
6.9.3. Product Portfolio
6.9.4. Business Strategy
6.9.5. SWOT Analysis
6.9.6. Recent Developments
6.10. Sinoharvest Corporation
6.10.1. Company Overview
6.10.2. Product Portfolio
6.10.3. Business Strategy
6.10.4. SWOT Analysis
6.11. Syngenta AG
6.11.1. Company Overview
6.11.2. Financial Overview
6.11.3. Product Portfolio
6.11.4. Business Strategy
6.11.5. SWOT Analysis
6.11.6. Recent Developments
6.12. Zhejiang Xinan Chemical Industrial Group Company, Ltd.
6.12.1. Company Overview
6.12.2. Product Portfolio
6.12.3. Business Strategy
6.12.4. SWOT Analysis
List of Tables
Table 1: Global Glyphosate Market, Snapshot (2020 And 2031)
Table 2: Drivers for Glyphosate Market: Impact Analysis
Table 3: Restraints for Glyphosate Market: Impact Analysis
Table 4: North America Glyphosate Market Volume Estimate and Forecast, by Application, 2021-2031 (Kilo Tons)
Table 5: North America Glyphosate Market Revenue Estimate and Forecast, by Application, 2021-2031 (US$ Bn)
Table 6: Europe Glyphosate Market Volume Estimate and Forecast, by Application, 2021-2031 (Kilo Tons)
Table 7: Europe Glyphosate Market Revenue Estimate and Forecast, by Application, 2021-2031 (US$ Bn)
Table 8: Asia Pacific Glyphosate Market Volume Estimate and Forecast, by Application, 2021-2031 (Kilo Tons)
Table 9: Asia Pacific Glyphosate Market Revenue Estimate and Forecast, by Application, 2021-2031 (US$ Bn)
Table 10: Latin America Glyphosate Market Volume Estimate and Forecast, by Application, 2021-2031 (Kilo Tons)
Table 11: Latin America Glyphosate Market Revenue Estimate and Forecast, by Application, 2021-2031 (US$ Bn)
Table 12: Middle East & Africa Glyphosate Market Volume Estimate and Forecast, by Application, 2021-2031 (Kilo Tons)
Table 13: Middle East & Africa Glyphosate Market Revenue Estimate and Forecast, by Application, 2021-2031 (US$ Bn)
Table 14: Glyphosate products by Anhui Huaxing Chemical Industry Company
Table 15: Glyphosate Products by BASF
Table 16: Glyphosate Products by Bayer Cropscience
Table 17: Glyphosate Products by Dow Agrosciences
Table 18: Glyphosate Products by Dupont
Table 19: Glyphosate Products by Jiangsu Good Harvest-Weien Agrochemical Company Ltd.
Table 20: Glyphosate Products by Monsanto
Table 21: Glyphosate Products by Nantong Jiangshan Agrochemical & Chemicals Co. Ltd
Table 22: Glyphosate Products by Nufarm Ltd.
Table 23: Glyphosate Products by Sinoharvest Corporation
Table 24: Glyphosate Products by Syngenta Ag
Table 25: Glyphosate Products by Zhejiang Xinan Chemical Industrial Group Company, Ltd.
List of Figures
Figure 1: Glyphosate: Market Segmentation
Figure 2: Global Glyphosate Market Estimate and Forecast, 2021-2031, (Kilo Tons) (US$ Bn)
Figure 3: Glyphosate: Value Chain Analysis
Figure 4: Percentage of U.S. Acres Sprayed With Glyphosate
Figure 5: Percent of Planted Acres under No Till System for Wheat, (2020-2031)
Figure 6: Number of Glyphosate-Resistant Weeds by Crops, 2020
Figure 7: Global Biotechnology Seeds Market, 2020-2031 (US$ Bn)
Figure 8: Porter’s Five Forces Analysis
Figure 9: Glyphosate: Market Attractiveness Analysis
Figure 10: Glyphosate: Company Market Share (2020)
Figure 11: Global Glyphosate Market Volume Share, by Application, 2020 And 2031
Figure 12: Global Glyphosate Demand for GM Crops, 2021-2031 (Kilo Tons) (US$ Bn)
Figure 13: Global Glyphosate Demand for Conventional Crops, 2021-2031 (Kilo Tons) (US$ Bn)
Figure 14: Global Glyphosate Market Volume Share, by Region, 2020 And 2031
Figure 15: North America Glyphosate Market Estimate and Forecast 2021-2031 (Kilo Tons) (US$ Bn)
Figure 16: Europe Glyphosate Market Estimate and Forecast 2021-2031 (Kilo Tons) (US$ Bn)
Figure 17: Asia Pacific Glyphosate Market Estimate and Forecast 2021-2031 (Kilo Tons) (US$ Bn)
Figure 18: Latin America Glyphosate Market Estimate and Forecast 2021-2031 (Kilo Tons) (US$ Bn)
Figure 19: Middle East & Africa Glyphosate Market Estimate and Forecast 2021-2031 (Kilo Tons) (US$ Bn)
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