Glyphosate Market Overview to 2023
Glyphosate is an organophosphorus compound, which is extensively used as a crop desiccant and systemic herbicide. It is also used in removing weeds and grasses that hinders the growth of the plants. Glyphosate herbicides substantially help in the conservation of soil quality and resources, restores water quality and aids in the reduction of carbon dioxide emissions. These herbicides are also considered to be the most effective and efficient weed control measure across various agricultural and non-agricultural settings. Glyphosate is extensively used for olive groves, forestry, vineyards, gardens, fruit orchards, rivers, lakes and grass pastures among others. The growing use of genetically modified crops is expected to boost the demand for glyphosate in the assessed period.
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Some of the prominent players in the global glyphosate market are Monsanto Company (U.S.), Syngenta AG (Switzerland), Bayer AG (Germany), E.I. Du Pont De Nemours & Company (U.S.), The Dow chemical company (U.S.), Nufarm Limited (Australia), Nantong Jiangshan Agrochemical & Chemical, Inc. (China), Adama Agricultural Solutions Ltd (Israel), UPL Limited (India), and Zhejiang Xinan Chemical Industrial Group Co., Ltd (China).
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
- Glyphosate Triglycerides market manufacturers
- Traders and Distributors of Glyphosate Triglycerides market
- Production process industries
- Potential investors
Moreover, the growing inclination towards minimum tillage systems will further augment the demand for the product. The global glyphosate market is expected a CAGR of over 5.5% during the assessed period. Furthermore, the growing industrialization and globalization across the globe have substantially reduced the amount of arable land which is further resulting in the demand for productive soil supplements in turn propelling the growth of the global glyphosate market. The growing demand for the agricultural dependent economies is also anticipated to affect the market demand positively. On the basis of crop type, the genetically modified crop is anticipated to be the fastest growing segment during the forecast period. The growing production of genetically modified crops is expected to contribute to the growth of the segment. On the basis of form, the liquid form is expected to show the highest growth owing to its added advantages over a dry form such as longer shelf life and cost efficiency among others.
The Glyphosate market is segmented across five regions: Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific is expected to be the fastest region in 2016 and is expected to retain its dominance during the forecast period. The growing demand for agricultural produce along with the growing demand for glyphosate for the removal of weed in the agricultural firms is expected to surge the growth of the market during the forecast period. Moreover, the presence of the most populated countries has reduced the availability of arable land which is expected to further fuel the demand for glyphosate.
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The global glyphosate market is segmented into crop type, from application and region. On the basis of crop type, the global market of glyphosate can be segmented into genetically modified crops, conventional crops. On the basis of form, the market is segregated into liquid form and dry form. On the basis of application, the market is further segmented into grains & cereals, oilseeds & pulses, fruits & vegetables, weed removal and others. On the basis of region, the global glyphosate triglycerides market is bifurcated into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.
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