Global Glyphosate Market Size
Global Glyphosate Market was valued at USD 3580 Million in 2013 to 3960 Million in 2016 and this value predicted to grow USD 4590 Million by the end of 2021 witnessing a CAGR of 3.42% during the forecast period 2016 to 2021.
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Global Glyphosate Market Overview:
Glyphosate is a compound that has the ability to promote weed resistance properties. Therefore, it is used mainly as a herbicide in various applications, including agriculture, horticulture, floriculture and non-agricultural activities such as gardening, construction sites, land, etc. the performance Glyphosate, a non-selective herbicide, is used mainly in agricultural activities of farmers. Therefore, it should gain ground in the coming years.
Glyphosate is a broad-based herbicide for weed control. Commercial definitions based on glyphosate vary more frequently from concentrates containing 41% glyphosate or more up to 1% glyphosate in details promoted for local use. Glyphosate participates in the enzymatic generation of certain amino acids that are crucial for the development of a wide range of weeds and their entire root system. Glyphosate has eliminated or reduced the need to excavate the soil and, therefore, is generally recognized throughout the world. They consist mainly of a fluid mixture of isopropylamine (IPA) glyphosate salt, a surfactant and several minor segments, which include hostile to foam and shading operators, biocides and inorganic particles to change the ph.
Global Glyphosate Market – Drivers and Restraints:
Significant advances have been made in the area of glyphosate-tolerant genetically modified products to improve weed resistance properties. This also helps breeders reduce the level of cultivation, which is considered beneficial for the development of the glyphosate market during the period of speculation.
Global Glyphosate Market – Geographical Segmentation:
At the regional level, the Asia-Pacific region maintained its leadership in the global glyphosate market and its compound annual growth rate (CAGR) is expected to reach 7% by 2019. At this increasing rate, the region will continue to dominate the global market throughout the forecast period. Demand in emerging economies such as India and China has contributed greatly to the growth of the market in recent years. In addition, China has become the leading exporter of low-cost generic glyphosate herbicides after the expiration of Monsanto’s glyphosate patent outside the United States. According to the GTR, approximately 90% of the glyphosate produced in China is exported to several countries. At the same time, Europe had approximately 16.6% of the global glyphosate market by volume in 2012. However, it is expected to lose market share in the Asia-Pacific region by 2019, with a relatively slow CAGR of 5.6%. The market share should lead to strict regulation in Europe regarding the adoption of genetically modified crops. Regulators in Europe comply with strict GM crop regulations, since their enthusiastic adoption in the US. It has led to the intensive use of herbicides, which has resulted in the development of glyphosate resistant weeds.
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Some of the Notable Players Operating in Global Glyphosate Market:
Monsanto Company, Dow AgroSciences LLC, Nantong Jiangshan Agrochemical & Chemicals Co., Ltd., E. I. du Pont de Nemours and Company, Syngenta AG., and Nufarm Ltd. are the major players of the market.
Global Glyphosate Market – Detailed Segmentation
By Crop Type
By Application
By Basis of Form
By Region
Key Takeaways from this Report:
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